Category Archives: competition

Work with your team rather than putting pressure for non-performance

We have often encountered a situation wherein we are reprimanded for the non-performance of the entire team. Especially if you are the person who is in charge of the team and if your team is not able to perform as per the expectation of the company, you get to hear the nasty stuff from your boss. Well, we do not like to fall in such a situation but things always do not work as we want it to. Now let’s take this situation as an instance. You have a boss who is not at all grumpy and always loves to stay in a pleasant mood. He gets to know that your team is not doing well and therefore summons you. To your surprise you see him not yelling at you but trying to know what could be the possible reason for the team’s non-performance. He tries to set up an environment where you feel like discussing things with him and finally coming to a conclusion on how to deal with things.

Well this is how things should be when you are the owner of a mighty construction company. In order to get things done, you should keep your mind calm and try to see things from an angle that others do not. You will get to know the cause of the problem only when you sit for a discussion with the person who heads the department. When you see all the departments doing well other than one, it suggests that there is inevitable some problem associated with that team and you got to get to the bottom of the issue. Unless you unearth the problem, you may find things not going well in that department and soon you may see issues pervading to other departments as well.

Understand their grievances before you react:-

We normally have the tendency of over-reacting before we know what has led to a problem. The moment we see things have not worked as we want them to, the first thing we do is over-react on the situation and then once we calm down, we hear the problem. Well, what we should be doing is the opposite. Listening is an art and when you are running a big construction company, you should be master this art first. Listen to the problem first before you react to it. Understand the position of your fellow workers and try to make things simple for them. Do not exert pressure to get any work done from them. That will be a temporary solution but issues will brew up soon and then it may be out of your control.

Change in plan of action may work:-

One of the most suitable methods to deal with the issue of nonperformance is to change the action plan. Do things a bit differently and it may work for you. Not everything happens the way you want them to but changing your way to get the work done might help.

“Make hay while the sun shines” goes well with the construction industry

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Not every industry has its golden era forever. There are times when they see ups and also times when they also have to see the downs. You name any industry and you will see people related to it cheering during the good times and struggling when things are not so good. So as a business owner it is crucial that you make the most when things are positive in your sector and stay low when things are not doing well. This may not be the only mantra but is certainly an important one when it comes to finding success in any industry. We have often heard the saying “Make hay while the sun shines”. It makes a lot of sense in an industry that is dynamic and has lot of competitors all wanting to make the most. Construction industry is one such sector where people are vying for almost anything and everything.

Construction business owners know one thing for sure that it is pointless to struggle to get business when the overall industry is not performing well. For some it may sound weird when they get to hear that the construction industry is not doing well. They may have the belief that it is most rewarding industry in today’s time and for some reason can never see any downslide. Well as a matter of fact, every industry has a phase when it has to see the bottom and so it is with the construction sector as well.

Companies should have patience:-

Many new companies wind up their business when they do not see work coming. They probably get into the sector when it is trending downwards and since they do not have work in hand, they can’t take care of the operating costs and are compelled to give it up. Well for such enterprises, the only advice would be drastically cut down on the operational costs even if it means running the business from your house. If you have to do that, you should do so. Having an office and paying rent for it can become too strenuous for you to handle especially when things are bad. Therefore working from home becomes the most viable option and also cut down on the workforce. Stick to any small project that you get and learn to work on heavy equipments so that you can operate the machine on your own. This saves the cost of employing an operator.

Be aggressive when the sector is doing well:-

As understood by many, construction sector rewards you well when it is at its peak. You can take the risk and work aggressively to make the most. While you making profits, you got to remember to save resources for times when the business may take a downturn and you have to keep it afloat using those resources. This is why try and be aggressive when others are minting because you also will make lot of money then.

Surviving the competition is the key in the construction industry

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When you are dealing with a business that has cut throat competition at all levels then survival becomes the key. It is quite evident that you may not get things quickly and with ease and probably have to struggle for everything that you desire to achieve. Well, construction industry is one such industry that demands a lot from people. Undoubtedly, it also pays back with good dividends but in order to get the reward, a person has to go through a lot and if he is able to survive the tide he becomes the winner.

Construction sector is a highly competitive industry. People are always eying from projects irrespective of how big or small it turns out to be. The size of the projects does not matter much to companies who have just set up their businesses. What is rather more important for them is that they keep getting something or the other and do not stay out of work for long. Staying out of work for long can have negative impact in getting prospects in the future. People will shy away from giving projects to such companies. Therefore, it is very crucial to be in business and do whatever big or small one can get.

We will talk about with few pointers on what one can do to survive in an industry that is so competitive and demanding.

Generate contacts and stay in touch with them:-

You can’t expect to get projects if you stay isolated from your brethren in the industry. No doubt that this industry is full of competition but staying close to your peers will do no harm to you. On the contrary, it may get something good for you. Remember, not everyone can do everything and it may often happen that someone has got a project which they find is not their cup of tea. Since they have good terms with you, they will turn on to you and may ask to take the project rather than asking the vendor to search for someone who can do it. So your good term with your competitor has got a deal for you.

Ensure you have the right set of construction equipment:-

Construction equipment are so very important if you want to stay for long in this industry. You may not require all forms of heavy equipment but you definitely need the one that will prove essential to complete your project. Therefore, it is vital that you do not spend your money in buying all sorts of equipment that you probably may not even need but you make sure that you have the ones that is required to get your work done.

Take good care of your heavy equipment:-

Maintenance of heavy equipment is the key. Since they are expensive piece of metal, you may not want to ruin them by not taking due care. Hence, it is imperative that you do proper maintenance of all your equipment. They too need some rest. So give them what they need and they will return you with rich dividends.

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