2018 New Year’s Resolutions for Your Construction Company
The new year is quickly approaching, while you’re making your New Year’s resolutions for your personal life, now is a great time to make New Year’s resolutions for your company. Taking a couple of moments to reflect on your business through 2017 and trends that you’ve noticed, or issues that might have come about will help you start building the blocks for a successful 2018. And by building your resolutions around your needs, your company’s needs, and industry trends you’ll be able to make 2018 your most successful year.
The construction industry is known for workplace accidents. And while you hope that it never happens on one of your sites, taking some time to review your safety procedures and the number of accidents, as well as federal and local safety standards. From there you will know whether you need to review the policies with your employees and possibly implement new procedures to ensure the safety of your workers. With the increase of technology and mobile safety apps, it is easy to see how job and worker safety can continue to improve in the upcoming year and it’s an easy to start your New Year’s resolutions for construction.
Job Estimates and Cost Control
Job costing versus Process Costing is a popular topic in many fields, especially construction. When looking at your business, considering how you estimate job costs and what could be improved to help your business maximize value while minimizing waste could play an important role in improving profits. Consider the various benefits and drawbacks of each, how effective your current method is working for your business, and maybe do some research on other ways available to you and what you might want to implement for your business. By implementing the changes at the beginning of the year, you allow for time to see how they are working for your new jobs and if it is an effective method for you.
Now is a great time to consider what you do in your community besides construction, taking the time to talk to students in technical training schools and showing them what it takes to succeed in construction is a simple way to give back to your community. Taking small steps like this or significant measures, like providing internships for students in your communities helps show the human side of the business and also helps train the future workers and leaders of your community. These New Year’s resolutions for construction will help not just you but your community.
Seeing How Technology Fits into Your Business
There is a great push in all fields to start using various technologies and software, and it is a great New Year’s resolution. While it might seem unnecessary, there’s technology out there might improve your business, save you time, or save you money. Investing in simple things like mobile timecard solutions that allow employees to clock in on their phones and track locations for job sites can reduce the time necessary to input the information into your payroll software manually. Or investing in fleet tracking software to reduce the cost of fuel or risk of theft. These small pieces of technology can save you time and money in the long run. And as it is the beginning of the year, it gives you the opportunity to start using the tech on new projects instead of implementing it in the middle of existing projects.
Exploring Green Construction
Take the initiative to introduce or implement green construction practices in your business this New Year. Green building isn’t just reducing harm to the environment through the use of solid environmental materials; it is also planning buildings that will protect and improve the planet. These might seem like grand statements, but switching to renewable resources, you’re doing your part for the environment while often saving some money and potentially even writing it off.
Before the clock strikes midnight, take some time to look at your business and what you might want to implement in 2018. These few New Year’s resolutions for construction will help your business start 2018 off right.