Let’s face facts: the slow season is boring, and you feel like you’re idling, just waiting for business to heat up again. But what if it doesn’t have to be that way?
The slow season can be an opportunity to improve your contracting business, starting with fundamentals and building from there. When things start picking up again, you probably won’t have the bandwidth to accomplish these vital steps to improving and protecting your business.
- Challenge the status quo - This is the first step, and arguably the most important If you don’t take a long, hard look at the way “things have always been done,” you could be burying efficiencies and time- and cost-saving measures that can transform your business.
- Team empowerment matters - It costs thousands of dollars to properly train a new team member to do things right, and to do them your way. That’s why it’s important to make them feel valued, and like their voices are heard.
- Focus on the business - Now is the time to step back, sit down, and put some time and energy into working on your contracting business. Develop a simple business plan and put it in place, not forgetting to include activities that directly impact your bottom line.
- Dot your i’s and cross your t’s - Is your business legally protected to the fullest extent? Evaluate your contracts and insurance policies to make sure that you're following all applicable laws and best practices. This can save your business in the event of a major mishap.
- Developing a contingency plan - Do you know what you’ll do if the unexpected happens, and it directly affects your business? The ability to turn on a dime is crucial to ensuring business continuity.
Want to learn more about these steps, along with five more? Our webinar “10 Ways to Prep for Your Busy Season” is available instantly on demand. Learn from industry expert David Gatto, who will be sharing hard-won wisdom on the best ways to prepare yourself for the busy season by utilizing your time wisely when you’re in a slow-down.