Often when I talk with contractors about their business, I hear from them, “I want to grow my company so I can make more money.”
I can appreciate that and in most cases, done correctly, a company will make more money as it sells more jobs and increases the volume of work.
But I have a penchant for spotting potential problems and this is one in the making. Consider this: If size mattered, dinosaurs would still be here. Just because you may be fortunate enough to increase the size of your company in terms of more jobs and more volume sold does not mean you will necessarily make more money or more profits.
Growth is good if it’s done correctly. Read and study. Learn the approaches that work the best for building a business. Control your overhead, make sure you make a profit on each job you do. Take care of your clients, do your work. Call us if we can help.
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