Unraveling the Knot: Supply Chain Issues in Residential Construction

Around this time of year, the construction industry often experiences a natural slowdown, leading to a sense of worry for many businesses. With more time spent on estimating and less on executing, this seasonal cycle has become a familiar rhythm over the years.

However, this period also presents an opportunity to reflect, recalibrate, and prepare for the busy months ahead.

Today, we’re excited to share some key strategies that our company implements to strengthen operations & set the stage for a productive and prosperous busy season.

1. Business Operations

- trim the fat, identify unnecessary costs

- streamline processes of quoting to project turnaround times

- improve business culture

2. Marketing & Customer Outreach

- create a list of specific clients to connect with

- showcase past projects

- re-engage with your audience

3. Relationships & Network

- reach out to past clients for maintenance work or small projects

- collaborate with suppliers, distributors or other contractors

- join groups within the industry to expand your network

4. Invest in Team Development

- encourage certifications or additional courses

- cross-train employees for versatile roles

5. Evaluate Finances

- renegotiate supplier contracts using last year’s purchases as leverage

- eliminate unnecessary expenses

- create a budget

Conclusion

Find opportunities in challenging times by focusing on operations, marketing, relationships, training, and finances.

Mend the nets.