13 Construction Safety Myths, Explained [Whitepaper]

Safety mantras are normalcy to a wide range of industries and rarely receive scrutiny or criticism. However, in the construction industry, where injuries and fatalities are prevalent, informational deficits and misunderstandings regarding safety can be detrimental to employees and clients. Despite the growing number of safety buzzwords, prudent advice, and on-site protocols, there still appears to be a disconnect between quoting and following such regulations.
Fortunately, many construction companies have attended to the knowledge gap, understanding that safety misconceptions can accelerate errors and risk hazards. This SBGP Exclusive Whitepaper will review 13 common safety myths specific to the construction industry and determine how some notions, while they appear “surface-level safe,” can prove to be the opposite.

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How Automating Your Documents Can Make You a Better Builder

The amount of paperwork needed in the construction industry is unbelievable. The hours it takes to enter each detail by hand is even worse. Thankfully, there is a way to not only streamline the documentation process but improve your entire workflow. Here are the top four reasons why automating your documentation process can make your business better.

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How Can Big Data Drive Smarter Decisions in Construction?

When considering the impact of big data on modern industries, it’s easiest to think first about businesses that are largely digital in nature. Some examples would include financial management, marketing and advertising, and IoT development, to name a few. In all of these types of businesses, it’s easy to see where and how big data can come into play. The truth of the matter at this point is that data is applicable far beyond the initial tech-driven industries that come to mind. And construction is one of many areas in which the impact of big data has become steadily more apparent.

7 Big Technology Trends Coming To The Construction Industry In 2021

Nearly one year into the COVID-19 pandemic, many industries have been forced to transform fast, and construction is no exception. In this infographic, we’ve highlighted the seven biggest trends coming to the building industry over the next year as the sector adapts to the challenges of this global health crisis.

Big SEO Mistakes that Might Ruin Your Construction Marketing

Marketing is a complex art these days, though many marketers and business owners think they can skip a ton of effort by leveraging clever SEO tricks. Unfortunately, many of those same business owners make common SEO mistakes and pay the price.
Let’s look at these common mistakes and examine how you can avoid them in the future.

Common Construction Project Risks and How To Address Them

Every construction project has risks associated with it. As a construction company owner, this is part of doing business. How you deal with and mitigate these risks will determine how successful your job and business can be. 
Here we will discuss some of the most common risk factors, how they affect your business, and how to address them. 

Discovering the Ideal Successor for Your Succession Plan

Do you know who will take over your construction company when you retire? If not, it’s time to begin thinking about your company’s succession plan. This plan is more than a vague idea of who will take over when you’re ready to step down—it’s a plan that ensures your company can continue without interruption if you or any of your top managers were to unexpectedly leave the business or have to take an extended leave of absence.

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5 Additional Succession Planning Considerations

Succession planning can be a huge deal for any family-run or owned business, including construction firms. The process is something that should be handled with patience and care. Poor succession planning can ruin a company and have a negative impact on personal matters. However, thoughtful succession planning will allow the company to continue to grow and thrive.

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Benchmarking For Builders in Business: Everything You Need to Know

Are you ready to grow your business or take on more jobs and customers? Are you financially where you believe you should be? Are your company’s finances balanced at all? Don’t get overwhelmed –financial performance benchmarking can help you answer all of these questions. Essentially, benchmarking is the process of comparing a business’s current financial performance with its past performance, industry standards, and the processes, operations, and financial state of other top performers in the industry.

Financial performance benchmarking isn’t really a difficult task, as long as you’ve kept good records over the years and can gather data about the construction industry and its leaders. Once you’ve done so, you’ll be able to assess positive and negative trends, identify areas where your company excels, and improve less productive areas to achieve optimum results. With this information, you’ll be able to determine if you have a strong enough cash flow to take on the debt that often comes with expanding or whether you need to take the time to work on internal processes first.

This is why benchmarking is so essential. Without it, you don’t know where your construction company stands. You can’t tell if you’re doing better than you have before or if you’re anywhere near the leaders in the industry. You can’t tell if your profit margins are the same as those of others within the construction industry or if you’re making much less than you should be.

But if you’ve never done benchmarking before, where do you start? Here are some helpful tips.

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