The Construction Machine

Why take this course?
based on the comprehensive list you've provided, here's a structured approach to managing a construction business effectively:
Managing Customers (Post-Contract)
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Managing Expectations
- Set and manage customer expectations clearly and realistically.
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Coordination
- Ensure all parties are on the same page and that schedules are synchronized.
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Communication
- Regular updates to clients on progress and any changes.
- Promptly answer client questions and concerns.
- Schedule client inspections to review work and gather feedback.
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Handling Bird-Dogs
- Address and manage issues raised by customer representatives or "bird-dogs."
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Payments
- Collect payments according to the agreed schedule.
- Utilize various payment methods (cash, checks, digital platforms like PayPal, Stripe, Venmo).
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Monitoring Budget and Schedule
- Keep track of the project budget and adjust spending as necessary.
- Monitor the construction schedule for any overruns or delays.
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Monitoring Scope
- Ensure the work done adheres to the agreed-upon scope.
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Overruns
- Address any overruns in budget or time with clients promptly.
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Walkthroughs
- Conduct walkthroughs to ensure customer satisfaction and to identify any issues before completion.
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Handling Errors
- Address any mistakes promptly and correct them to avoid client dissatisfaction.
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References & Reviews
- Encourage satisfied customers to provide references or positive reviews.
Craftsmanship
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Quality
- Uphold high-quality standards in all workmanship.
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Quality Assurance and Quality Control
- Implement processes to ensure the quality of work is consistent.
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The Right People and Materials
- Employ skilled workers and use quality materials.
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Cutting Corners
- Avoid taking shortcuts that could compromise quality.
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Defect Claims
- Address any defect claims promptly and effectively.
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Rework
- Perform rework as necessary to ensure client satisfaction.
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Warranties
- Offer warranties on your work to build trust with clients.
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Meeting Expectations
- Strive to exceed customer expectations in both service and quality.
Building Your Team
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Call Answering Service/Admin
- Ensure that customer calls are answered professionally and efficiently.
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Sales
- Have a dedicated sales team to generate leads and convert them into contracts.
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Estimators
- Use skilled estimators to provide accurate cost estimates for projects.
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Labor
- Hire experienced labor with the right skills for various construction tasks.
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Subcontractors
- Engage subcontractors as needed for specialized tasks.
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Construction Attorney
- Consult a construction attorney for legal advice and to protect your business interests.
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Insurance Agent
- Work with an insurance agent to ensure adequate coverage for your business and employees.
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Material & Equipment Suppliers
- Establish relationships with reliable suppliers for consistent quality and service.
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Bookkeeper/Accountant
- Keep accurate financial records and file taxes correctly.
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Marketing Consultants
- Use marketing experts to develop strategies to attract new business.
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Mentors
- Seek guidance from experienced mentors in the construction industry.
Office & Shop, Tools & Equipment, Auto Fleet
- Maintain a well-organized office and shop environment for maximum efficiency.
- Keep tools and equipment well-maintained and in good working condition.
- Ensure your auto fleet is reliable and appropriate for the tasks at hand.
Systems and Delegation
- Implement efficient systems for project management, accounting, and human resources.
- Delegate responsibilities to team members based on their strengths and skills.
Extra: Financial Literacy
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Assets vs Liabilities
- Understand the difference between assets and liabilities and manage them wisely.
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Cashflow Quadrant
- Learn about the different ways to earn money (employee, self-employed, business owner, investor).
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Good & Bad Debt
- Know how to distinguish between good and bad debt and manage your company's borrowing wisely.
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Credit
- Build and maintain a good credit score to ensure access to favorable financing options.
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Mentality
- Adopt a positive and proactive mindset towards business challenges.
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Freedom
- Strive for financial independence and the freedom to make choices that align with your goals.
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Summary
- Regularly review all aspects of your business to identify areas of improvement and to celebrate successes.
By following this structured approach, you can effectively manage a construction business, ensuring high customer satisfaction, maintaining quality standards, and achieving financial stability and growth.
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