Built to Build: Blog
Construction Business Tools, Tips & Techniques
HOW TO CONQUER CASH MANAGEMENT IN YOUR CONSTRUCTION BUSINESS
If you would love to learn how to manage your business’s cash better, and turn profit into a habit, then check out Episode 38 of Builder Funnel Radio. Listen and learn: What the profit system is The importance of budgeting Why profit is critical and how to make it a…
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LINE ITEM PRICING
WATCH THE VIDEO BELOW. Do you ever get nervous or feel uncertain when your potential customer asks you to provide line item pricing? I used to feel the same way until I realized that providing line item pricing usually causes confusion with my customers. LINE ITEM PRICING CAUSES CONFUSION The…
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SOCIAL MEDIA MARKETING FOR CONTRACTORS IBS 2019
Join me in Las Vegas, NV at the NAHB International Builders’ Show to learn why… “Being the ONLY is Better than Being the Best: How to Differentiate your Construction Business through Social Media Marketing.” Location: Jeld-Wen Booth – C5230 Tuesday – FEB 19th at 3:30pm or Thursday – FEB 21st…
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CONSTRUCTION PRICING: LINE ITEM OR LUMP SUM
If you sell construction services, then you have had to deal with the following question from a client: “Can you break out the price of each line item?” How you respond to this question can determine your customer’s level of trust and affect the project’s margin. Many types of construction…
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BOOK LIST OF 2018
I love books. I read a few every year, and I listen to a lot more. Since 2016, I have set a goal to read or listen to a certain number of books every year. The goal in 2018 was 52 books. I hit 62 last year. Consuming that many…
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HOW DIGGING INTO THE MATH WILL GROW YOUR CONSTRUCTION BUSINESS
In this episode of The Modern Craftsman Podcast, Shawn discusses how to grow your construction business by digging into the math of your business, why you need to hire a bookkeeper earlier than you think, and how to properly estimate jobs in less time.
HOW TO RECRUIT AND TRAIN GREAT EMPLOYEES FOR YOUR CONSTRUCTION BUSINESS
Shawn joins Spencer Powell for a second time on Episode 27 of the Builder Funnel Radio Podcast. Listen and learn all about recruitment for the construction industry: Is a lack of skilled labor really the problem? How to advertise to your ideal EMPLOYEE. Defining/Creating your company culture. Show gratitude to…
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HOW TO PRICE A CONSTRUCTION PROJECT
Learning how to accurately price a construction project involves more than just calculating the costs of the labor, material, subcontractors, and equipment, and applying a markup to those costs. Pricing a construction project also includes developing a repeatable and scalable system to account for producing a precise scope of work…
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Solving Your Own Skills Gap
I spoke at PCBC in San Francisco and discussed how to overcome the skills gap in the construction industry. You can watch the entire presentation below: After the seminar, I sat down with Justin and Brian at the Fine Homebuilding booth and discussed in further detail the main point of…
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HOW TO HIRE A CONSTRUCTION CPA
Finding the right certified public accountant (CPA) for your construction business can be an intimidating task. Hiring a CPA can be confusing because you might not be sure what you should expect from a CPA and exactly what they do. Sound familiar? Like your customers, homeowners know they need a…
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SUMMER READING LIST
I love books. I have found that reading (or listening to) books has been the best investment I have made in the past few years. The ROI from books is enormous. Now that the summer is upon us, I hope you have plans to step away from your construction business…
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COST-PLUS CONTRACTS
In theory, cost-plus contracts (also known as Time and Materials contracts) are a win-win for the contractor and the owner. The contractor’s risk is lowered because the price the owner pays is the cost the contractor incurs plus a predetermined rate. This “plus” is exactly what the contractor needs to…
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6 POWERFUL STRATEGIES TO BOOST YOUR CONSTRUCTION SALES
SELLING VALUE IS MORE PROFITABLE THAN COMPETING ON PRICE Customers say they want the lowest price, but what they really want is the best value. Construction businesses that compete on price are racing to the bottom. YOU NEED BETTER CONSTRUCTION SALES STRATEGIES Construction businesses that focus on identifying and…
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PRICING CONSTRUCTION PROJECTS
As I have written before, there’s only one way to be successful in pricing construction projects — know your numbers. PRICING STRATEGIES FOR CONSTRUCTION PROJECTS Construction is a cost-based business. You have to know your costs for any given project, and mark up those costs by the appropriate amount to…
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EXTERIOR ESTIMATES MADE SIMPLE WITH THE GO FIGURE APP
Taking measurements and creating estimates for your customers is a faster, easier and more efficient process with Go Figure and Spike. With the Go Figure app for iPad, you can generate accurate stock lists, estimates and invoices all while on site with your customer. Using Go Figure with Spike, you…
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USING THE CLOUD TO MANAGE YOUR CONSTRUCTION BUSINESS
Web-based construction project management software gives you the ability to manage your work no matter where you are. Whether you are in the office or in the field, Web-based (a.k.a. “cloud-based”) services and applications allow you to manage the flow of information required to successfully communicate, coordinate, and complete your…
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Right To Left Thinking with Todd Dawalt
Below is a transcript of an interview I had with Todd Dawalt, host of The Construction Leading Edge podcast and owner of ConstructionLeadingEdge.com. Todd and I discuss a simple yet profound planning strategy he calls Right To Left Thinking. In construction, we often plan our projects and our businesses from…
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How NOT to Price Your Work
WATCH THE SHAKER TABLE PRICING VIDEO BELOW I don’t always get things right. In fact, I mess up all the time. Here’s an example of where I got something wrong, but I hope you can learn from my mistake. HOW NOT TO PRICE A SET OF SHAKER TABLES I am…
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HOW TO GROW YOUR CONSTRUCTION BUSINESS THROUGH PURPOSEFUL MARKETING
In Episode 13 of the Builder Funnel Radio Podcast, Spencer Powell and Shawn discuss how to best qualify your incoming leads, finding your specialty, getting to the budget quickly, and how not to work for free. In this episode you’ll learn: Should you be a Generalist or Specialize? Getting to…
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DISCIPLINES TO GROW A CONSTRUCTION BUSINESS – PART FOUR
This is the final article in this series on how to grow your construction business. In my previous articles for Fine Homebuilding.com, I discussed how to grow your construction business in sustainable and profitable ways by understanding your margins and your markup, how to track your labor costs, and how…
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DISCIPLINES TO GROW A CONSTRUCTION BUSINESS – PART THREE
In my previous two articles, I discussed how to grow a construction business by using the margin required for your business to determine your markup and tracking your labor costs using billing codes. In part 3 of this series for Fine Homebuilding.com, I outlined a method to analyze the data that…
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DISCIPLINES TO GROW A CONSTRUCTION BUSINESS – PART TWO
In my previous article, I discussed how to grow a construction business by using the margin required for your business to determine your markup. In part 2 of this series, I am going to show you a simple method to measure your labor. Labor is usually the largest cost for…
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DISCIPLINES TO GROW A CONSTRUCTION BUSINESS – PART ONE
Learning how to grow a construction business profitably and in a sustainable manner requires more than selling more work. In fact, doing more work could be limiting the growth of your construction business. The goal of many construction businesses is growth, but undisciplined growth will put you out of business…
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SOLVING THE SKILLS GAP
The Skills Gap – the lack of available skilled labor – is a real problem for every construction business in the United States. There simply aren’t enough people pursuing a career in the trades and obtaining the necessary skills needed to fill the vacancies created by the recession and an…
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HOW TO SOLVE YOUR CONSTRUCTION BUSINESS’S SKILLS GAP PROBLEM
On this episode of the Contractor’s Secret weapon, Shawn details how to attract the right people to work for your construction business and fill your skills gap.