Make a plan for transformational change in your business and kiss that rut you’ve been stuck in goodbye
By Lisa Gordon
Construction has gotten lean and mean.
The “good old days” of raking in substantial profits are largely gone. Margins are shrinking while competition is on the rise. It’s no surprise that the contractors who have successfully changed with the times are the ones who now find themselves leading the pack.
Although implementing transformational change at your business may be a daunting prospect, it’s no longer sufficient to do things the way they’ve always been done.
Piling Canada spoke with three business coaches to get some tips for contractors who find themselves stuck in the same old rut. We learned that positive change is within reach of any company, providing the leader is willing to roll up their sleeves and make a plan.
Map your strategy
If your business has hit a plateau, change is necessary to take it to the next level.
Your first step as an owner is to identify what that next level looks like. Do you want to make another million in sales this year? Identify and train your successor? Take more vaca-tion time?