How to Fearlessly Tackle Material & Labour Shortages

Proactively invest in inventory: Purchase materials for at least the first quarter's projects to avoid interruptions due to shortages.

Forecast needs accurately: Conduct regular meetings with key staff (project managers, superintendents, business development) to review past performance and anticipate future material and labor requirements.

Build strong supplier relationships: Treat suppliers as partners; ensure timely payments and clear communication to secure product availability, especially during shortages.

Invest in land and logistics: Consider acquiring land for storage and implementing robust inventory management systems, even if it means handling materials multiple times.

Prioritize employee training: Recruit individuals based on potential and commitment, then invest heavily in their training to align with company standards, even if it costs more upfront.

Foster a year-round workforce: Seek ways to keep employees engaged and productive during off-peak seasons, such as equipment maintenance or winter projects, to maintain a skilled team.

Don't fear growth: Make calculated risks, understand market conditions, and be willing to make personal sacrifices to invest in the business's expansion and future.