3 Keys to Taking Back Control of Your Construction Business with Daaron Yester
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Key Takeaways
Prioritize your people: Ensure your team is paid on time and foster genuine relationships with them to build loyalty and retention.
Know your numbers: Actively track profit and loss, overhead, and margin to identify financial leaks and make informed decisions, even if it's not your favorite task.
Systematize your processes: Implement systems for tracking change orders, extras, and rework to stop financial leaks and improve overall efficiency.
Clarify roles and delegate: Empower your team by clearly defining their responsibilities, which frees you to focus on high-impact areas like estimating and sales.
Establish boundaries with clients: Don't let clients dictate your operational methods; lead the process and maintain professional boundaries to ensure profitability and a better client experience.
Embrace 'eager estimating': Respond quickly and professionally to bid requests to set a positive tone for potential projects from the outset.
Seek external help: Don't try to go it alone; leverage coaching, peer groups, and proven systems to navigate challenges and gain new perspectives.
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