Trades and Construction
The construction of a business is just as important as that of a building. If the foundations of a business are not designed with strength enough to cope with the workload or be robust enough to weather storms, a business is at risk of collapsing.
How are you limiting your professional success?
An executive coach can help identify where to prioritize and what to focus on that will accelerate success. Executive coaching with GOFAR Consulting brings a proven expert approach with the 4 M’s formula Method, Management, Momentum & Money, to better identify and develop future leaders, and notice opportunities.
Measure What Matters
In the construction industry, it is vital to earn the customers’ trust by staying within budget, meeting deadlines, and delivering on their dreams excellently, first time around. Go Far Consulting’s principal, Elaine, has a Master Certificate in Project Management.
In industries where projects have a reputation for constantly changing the scope of work, it can be hard to know if you’re making enough profit.
What Are the Hidden Costs?
There may be hidden costs that cause cash flow issues. Our business strategy is to focus on project management, maintain excellent communications and attention to detail, as these are steppingstones to producing excellent projects. If a company is looking to scale up, the last thing wanted is to scale up the risk. Understand exactly what every cost and detail is of a project. Scale up profits instead of dig a hole of debt. Keep bookkeeping and financial records up to date and manage projects with vigor.
Go Far Consulting has developed the exclusive the Strategic 4Ms process that integrates a wide range of tools and resources specifically for construction and trades professionals to provide insightful and productive results precisely to our client’s needs. Paying attention to sales management and growth of business. GO FAR Consulting specializes in helping make the business actions intentional, well planned, and aligned with goals.
Do You Know Where the Business is Most at Risk?
Within the the Strategic 4Ms, one of the first steps we look at is risk. There are so many areas that a construction business is at risk and before we start to grow the business, we must create a solid foundation and mitigate risk.
How effective and accurate are the estimates?
Where can people hold the business to ransom?
Is the business making the money it should be?
Am I saying ‘yes’ to the right kind of projects? Who are the ideal clients?
Has the business outgrown the current systems? Does software get used to its full capability?
How do you find quality employees and subcontractors with the appropriate skills?
Am I protected from my clients? Can I get the money I’m owed?
What causes risk to cash flow?
How can I get more profit and have less call backs?
Is the marketing as effective as possible and gaining a return on that investment? How do you know?
Have you addressed succession planning? How the business is set up now is key.
Are you mitigating risk with appropriate contracts?
Strengthens leadership skills to empower and elevate those around you
Creates self-awareness and continual improvement with DISC assessments and other leadership coaching performance tools
Gain clarity withbusiness strategyand focus onreachingambitions
Be accomplished, confident and accountable
Identifies blind spots, strengths and opportunities
Objectively work through decision making
See return on investment
Validates skills and abilities
Go Far Consulting Team
Over the years GO FAR Consulting has provided business coaching with many construction, and trade based companies to build the business strategy and develop businesses successfully. GO FAR Consulting is a business mentor to guide you and create understanding as well as structure the business, putting family and employees first, so you’ll be around to keep providing your expertise to clients. We have our exclusive the Strategic 4Ms technique to grow the business, and a team of experts to you every step of the way.
A building must be measured and inspected to make sure it is robust, level and correct. It is essential to continually measure and inspect a business in just the same manner.
We like to say, “What gets measured, gets managed.”
Contact us today at 510-326-0763 to get your company accelerating past your competition.