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Should You Buy Attachments Now for Your Construction Business?

Written by Amy Schneider

Construction Business Owner, July 2009

The current economic conditions have taken a toll on all small businesses. With sales down and unemployment up, most small business owners are taking some time to reevaluate their current business strategies and develop new ways to grow their business while saving money. The construction industry is no exception. As summer approaches, typically the busiest time of year for this industry, savvy contractors are figuring out how to do more with what they already have.

Tags: 2009 July Issue , management

Written by Staff
Most construction companies only make an average annual net profit between 2 and 3 percent. Improve your construction labor costs by only 5%, and you can improve your net profit amount to 4-5%. This can be as much as a 100 percent increase in your construction business’ bottom line!
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