The ProfitDig Blog

Part of running a profitable construction business is making maximum use of your resources. Sometimes jobs or parts of a job get held up for one reason or another. When this happens, you need to reallocate those resources. There are phases of a project that allow you to make use of labor and resources from […]

A construction foreman ensures that everything runs well on a project site. They act as a bridge between the supervisors and the workers. A foreman’s primary responsibilities are scheduling projects, quality control, and monitoring the project’s progress. Becoming a construction foreman only requires a high school diploma. But most foremen have many years of experience […]

Excerpt from Digging for Profit: Secrets to Success in the Construction Industry, by Jeff Spencer and Jerry Work   There are going to be times when you can’t self-perform every part of a project yourself. It’s very common to be looking at a project, especially something you really want to bid on, that is above […]

One thing that you’ve got to be aware of is something my Dad always warned about (even though we ended up falling into the same trap), which is putting all of your eggs in one basket. Put another way, avoid too much dependency on a single customer for business. That was the downfall of my […]

As we discussed in our last issue, 2021 is going to be a competitive year. If you want to succeed, you need to manage your business well (professional job bidding, accurate costing, etc.) AND you need a marketing plan to create new business! So let’s talk about the basic components of a solid marketing plan: […]

You need to have relationships with multiple suppliers. After you have worked a few jobs, you can look back and compare the quotes you have received from different suppliers and see what your potential savings are working with one supplier or another for different materials. When you contact a supplier for a quote, try to […]

Construction activity is slowing down in some places, so this is a good time of the year to evaluate your business from a high level standpoint and begin considering what you can do to build a bigger, more successful company. We talk often about strategies for better performing the actual work, but today we thought […]

Here are some of the major recent upgrades to the ProfitDig system that will save you time and make your job easier: Project Manager viewing restrictions. There was some concern from larger companies that Project Managers had too much visibility on employee hourly rates/salaries. The company owners do not want all Project Managers to know what […]

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 […]

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 […]