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!
Rapid growth and the industrialization are the major contributors to China’s noted air quality issues. 4 years ago, the Chinese government issued a “war on pollution” aiming to improve air quality and reduce other environmental hazards, such as land and water contamination. Air quality is at its worst in the winter months across the country, due to households relying more on coal power to heat residents’ homes.
Hurricane Irma ripped through the Caribbean and landed in South Florida a little over a week ago, sadly killing at least 50 people in Florida and causing plenty of property damage. High winds that accompanied the storm also caused the collapse of 3 construction cranes – two in Miami and one more in Fort Lauderdale. The crane in Fort Lauderdale was recently dismantled and the action was caught on video.
After sharing average hourly wage data for construction laborers, ranked by state, a little over a week ago, I’ve decided to begin doing the same for the other many different construction related professions. Our second profession that we’ll be analyzing will be heavy equipment operators.
Asphalt is one of the world’s most popular pavement materials. Because of that, researchers and scientists are constantly looking for ways to improve upon it. Additives have been included in some asphalt mixes for years to improve strength, but recently researchers have been getting pretty clever with the types of additives they’re testing.
Video feeds on a construction site are not only great for timelapse videos, they can potentially help stop intruders who enter your site.
The construction industry is in need of workers and the industry is generally struggling to attract younger workers to the job site. There’s real money to be made in the construction industry, even more so than many other industries. According to the U.S. Bureau of Labor Statistics, the average yearly median pay for those in the construction industry was around $6,000 higher than all other occupations.
Construction crews all over the world unearth some pretty cool or very weird items, but sometimes crews find some extremely significant historical artifacts, as well. Last week, a contractor in Colorado made an extremely rare discovery that has many scientists very excited.
In June, we shared that OSHA was planning to extend the deadline for crane operator certification requirements until November 10, 2018. Last week, on August 30, OSHA made that official and issues a Notice of Proposed Rulemaking.
In October of last year, officials in Dubai held a groundbreaking ceremony for the Dubai Creek Tower, a building which is expected to surpass the reigning “tallest building” champion, the Burj Dubai. Flash forward just a few short months and over a million hours of labor have already been spent on the project, all accident free.
On August 18th, around 200 new tools were showcased at the annual DeWalt Media Event. This particular event was held in Nashville, Tennessee, where you can’t escape country music no matter how hard you try.
Below are what we thought were the highlights of the event. Let us know what new release you’re most excited about!