Built to Build: Blog
HERE IS THE SIMPLEST WAY TO GUARANTEE A PROFIT FOR YOUR CONSTRUCTION BUSINESS
YOU MUST MAKE A PROFIT
The goal of every business is to make a profit.
If that statement makes you feel uneasy, check out this diagram to see what your construction business SHOULDN’T be.
If you don’t identify the opportunities that generate a profit, you’ll be out of business.
WHAT MAKES YOUR BUSINESS A PROFIT?
When you get clarity on what generates a profit for your business, then you will know where to pivot to be successful.
A pivot in business describes when there is a structured course correction designed to figure out new areas for business growth.
Are you already in cash preservation mode? Then, you don’t have time to figure it out. Act now.
The problem is most construction business owners don’t know what makes their companies profitable.
That’s where The Boring Success Formula™ comes in.
THE BORING SUCCESS FORMULA
You have to focus on profitable products and services, and eliminate everything else.
That is the basis of The Boring Success Formula™.
Here’s how The Boring Successful Formula™ works:
When someone asks you, “How did you become so successful?”, I want you to be able to give them this answer:
“We just identified what makes us money, and we did that every day. We also identified what was losing us money and we stopped doing that.”
That answer is kind of boring, but the business behind that answer is not. When businesses get focused on the right things and eliminate distractions, they make more money, create engaged employees, and attract better customers.
That’s an exciting business to own, a great place to work, and a service that is in high demand.
HOW TO GUARANTEE SUCCESS FOR YOUR BUSINESS
Ask yourself these two questions to calculate your Boring Success Formula™:
- What services/products make us the most money?
- What services/products cost us money?
The answers to #1 may not be sexy, especially in a slow market, but you’re not in business to be sexy. You’re in business to make a profit.
The answers to #2 must be eliminated from your business. You can’t afford distractions.
DO THIS NEXT
The Boring Successful Formula™ is just a small glimpse into the resources offered in the Built to Build Academy™.
The Built to Build Academy™ creates confident construction business owners through business training and coaching programs so you can make more money, streamline your business, and get your life back.
Imagine if you knew how to…
- Charge for all the planning and estimating work you’ve been giving away for free
- Deliver a better customer experience that doesn’t require you to do all the work
- Produce fast, accurate estimates by using your own custom database of pricing information
- Attract talent to grow your team without overpaying or wasting time with “know-it-alls”
- Create any system for your business so you can get off the tools and focus on the business
The Built to Build Academy® will give you the system-by-system framework to streamline your construction business.
Apply for a program in the Built to Build Academy®.
You’re going to struggle until you have these systems in place.
JOIN THE SYSTEM BUILDERS™ COMMUNITY FOR FREE
Wish you could connect with like-minded business owners, ask questions, get feedback, and receive a ton of free resources to manage the “business side” of your construction business?
Then click here, join the System Builders™ online community for free, and get access to a ton of free trainings, resources, and your new peer group of professional contractors.