Things To Consider For Your Construction Company in 2024

If you currently own a company involved in the construction industry, you’ll know just how quickly the industry has regained its growth since before the pandemic. In fact, it is one of the only industries that have fully recovered and grown significantly since the ending of lockdown – and many construction companies have boomed since the restrictions were lifted. However, that doesn’t mean you don’t have to work to grow your company – there is always room for more growth. Here are 4 ways you can take your construction company to the next level.

Take Advantage of Funding

Despite the amount that construction has grown, it is also one of the industries with the largest skills gaps. This means that many people currently working in the industry don’t have the skills or qualifications that they should, meaning that growth could be limited somewhat. Essential skills for this industry may be missing because of the skills gap. However, local authorities across England are currently funding construction NVQs to help construction workers upskill and get the skills they need to progress. Research to see if your company could benefit from this funding.

Prepare For Green Projects

Many construction companies unfortunately aren’t fully aware of how much the emergence of the green economy and the widespread push for sustainability may change their business model. If you want to ensure that your company gets a lot of work when it comes to making property energy-efficient and building green homes, you should start investing in retrofit qualifications for your staff. This means that your company will be able to get ahead of your competitors by getting vital retrofit work in energy-efficiency and net zero projects, meaning more money, more work, and more experience in green construction for your business.

Have A Marketing Plan

Most construction companies get a lot of their work through word-of-mouth, however, investing in marketing efforts could be one of the best things to do for your business if you want fast growth. For example, over 50% of construction companies now invest in digital marketing – and this is bringing great results for them. Although it may not seem like the industry would need marketing like social media marketing and SEO, many construction companies are investing anyway so it’s essential you get ahead of the competition. Having a good marketing plan could help you find more work, so it’s definitely something you should consider for 2024.

Pay Attention To The Industry

Just like any other industry, it’s important that you’re paying attention to all of the news in your industry that could affect your daily business operations. For example, Grandfather rights are ending in the UK – this means that staff who get gold or blue CSCS cards will need their NVQ or equivalent qualification in their occupational trade to be able to get CSCS accredited. Being prepared for industry changes like this will allow you to keep ahead of your competitors and get everything in order. Start paying attention to construction industry news if you want to take your company to the next level in 2024.