The ProfitDig Blog

It doesn’t matter how good you are at performing the work for which you are hired – if you don’t manage the money coming in and going out, you will end up broke. If you own a construction company, you’ve probably got a lot of money going out, and hopefully some moneycoming in, but at […]

If you’re leasing equipment, that’s not a bad thing. A lot of time that is an especially good decision if you are just starting out. If you get into a situation where you are going to have a long-term need for a piece of equipment – 5 or 6 months or longer – we recommend […]

Phishing and vishing are just two different ways to go about the same concept. Phishing is when you get an email that looks legitimate, but that contains links that take you to a web page or initiate a file download that looks normal (such as a PDF) that actually downloads an executable file to your […]

Underutilized Equipment If you’ve been working two or three days and you’ve got two or three pieces of equipment that have not moved, and more than likely will not move for a while, then it probably doesn’t need to be on the project. That equipment is there to be used to make money. If it’s […]

I want to talk about the importance of choosing the right personnel for your construction company and managing your expenses. These are two things that will have a major impact on the success of your business. There’s nothing that will give you a bad rep any quickr than having someone onsite doing a project in […]

Let’s talk about some strategies that will help you win more job bids. Use the Local Contractor Advantage If you are bidding on certain types of local municipality or government work, you may have a local contractor advantage if the job is in your own hometown. This means that your bid can be a certain […]

Improve Performance by Managing Your Jobsite This might sound like a no-brainer, but proper jobsite management can greatly improve your profitability and time-to-completion of your part of the construction project. It is important to make sure that you have room on your project site to store your material. A lot of times projects are tight […]

Construction bid bonds are a topic that the new construction company owner may not know much about. I am going to give you a quick primer so you know what you are dealing with. When you get into construction jobs of a larger scale, whether you’re a prime contractor or a subcontractor, you’re going to […]

Dave Ramsey is best known for his work in personal finance, but some of his ideas can be applied to managing your company’s finances. Ramsey talks about using an envelope system for managing your money. I’m going to talk about how a system like that can work for a construction company just like it does […]

When first starting out, most small construction company owners will do their own estimating, in addition to the actual work on the jobsite. So the question then is when is the time right to hire a full-time estimator? In my opinion, you need to be in business for a while. Hiring an estimator is definitely […]