As of the first quarter of 2016, the Bureau of Labor Statistics (BLS) reports that there are over 768,000 construction companies currently operating in the private industry in America. There are also countless more that have come and gone. According to Statistic Brain, only 47% of construction startup businesses are still operating after year 4. Personally, I've seen many people break off from a construction company and create their own business; some are still in operation, others have failed.
So what sets the successful businesses apart from the others? Our friends at GenieBelt have put together a list of 10 reasons why construction companies go out of business. As the infographic shows, it's extremely important to remember that running a profitable construction company isn't only about having the ability building quality projects, it also takes a strong understanding of finance and marketing.
The following infographic is provided by GenieBelt, an easy-to-use construction project management software that empowers communication on site. GenieBelt allows you to regain control of your project and connect fast and easy with all the different construction agents. For more information, you can visit their website at https://geniebelt.com/. Infographic Design by Jenny Yi Lou (email@example.com).
Hello, W orld!
Managing careers in construction is something that both employees and employers struggle with. For employers, trying to balance overhead costs and keeping talent is an age old challenge. For many employees, there are a ton of uncertainties, like consistency of work and finding the right company for their skills and interests. To help those in the construction industry to make better career decisions, CONEXPO-CON/AGG and the Association of Equipment Manufacturers (AEM) have released an e-book titled The Ultimate Construction Career Guide.
If you’re like me, you get excited when a character on TV show or movie works in the construction industry. With all of the characters that I’ve met in the industry over the years, you’d think there would be more of them blessing the screen. Nevertheless, I’ve compiled my list of favorite construction workers from TV or movies.
After a round of nominations, the stage has been set for the 5th annual Best Construction Podcast Competition presented by Construction Junkie. This year we have several familiar faces, as well as a couple new ones.
As the United States just recently suffered another tragic and deadly construction incident involving civilians after a crane collapsed in Seattle over the weekend, we’re reminded that the bridge collapse on FIU’s campus in Miami in early 2018 still has many unanswered questions.
There’s no doubt that pop culture shapes the way people think, especially when it comes to interest in certain activities. The narrative for the past few years in the construction industry has been that there is a workforce shortage…that young people aren’t interested in working in construction. It’s no secret that kids love cartoons, though.
On Thursday, April 18th, the New York City Council passed what they are calling “NYC’s Green New Deal,” which legislators hope will greatly reduce the city’s greenhouse gas emissions. In order to achieve those results, several mandates included in the legislation will have major effects on the construction and real estate industries.
For the past 3 years, Seattle, Washington has had the most construction cranes out of any United States city. But, as we know, from various videos and news stories, a crane collapse can have absolutely devastating consequences. On Saturday, a crane collapsed in downtown Seattle onto an open road below, killing two construction workers, 2 pedestrians, and injuring several others in the process.
Modular construction, on paper, should vastly speed up the process of construction as well as increase the quality. Sections or rooms of buildings are pre-assembled in an environmentally controlled room offsite and then shipped to site as needed. In reality, though, there are many challenges that have kept this type of construction from being more popular. That doesn’t scare hotel giant, Marriott, though, as they are currently underway on the world’s tallest modular hotel.
It’s that time again to begin Construction Junkie’s annual search for the best construction podcast! Now in our 4th year of the competition, it’s very clear that construction podcasts are gaining in popularity.