Even though business is currently booming in the construction industry, and there’s not a slowdown in sight, electrical contractors still need a way to stand out in the crowd. A superior contractor can command higher rates and obtain valuable referrals that help a business thrive and grow. Of course, some firms will always be happy with the status quo. If yours is not one of them, following are some ways to distinguish yourself from the rest of the electrical contractor field.
Be Willing to Change
One thing I’ve noticed about life: the older I get, the more I dislike change. And yet, the main thing that propels us forward, whether it’s in business or life in general, is change. To survive and thrive with this irony in mind, we have to embrace change – maybe not always enjoy it, but still allow it to roll over us and carry us along with it. Innovation in the electrical industry has taken it from naked light bulbs hanging from the ceiling on a twisted, fabric-covered cord to can lights to light emitting diodes that are revolutionizing the role of the electrical contractor in the construction process. Innovation pushes us out of a comfort zone, and computer technology is one example. Electrical contractors who learn to embrace changes in the industry can distinguish themselves as preferable to the competition.
Strive to Attract New Talent
Many firms are feeling the squeeze of the industry’s skilled labor shortage. It behooves companies to attract talent and strive to keep their existing trained employees. One of the ways you can do this is to position your firm as a better place to work. And the description of “better” can take a number of forms: cool, innovative, trendsetting, secure. Generally speaking, the new labor force is looking for a unique set of benefits, some of them intangible, including more time off, employee growth, team-oriented activities, wellness programs, reading breaks, telehealth, life coaching, and guest speakers.
Focus on Labor Productivity
Labor on the jobsite often is the most expensive part of a job, and the cost can multiply if employees are not using their time wisely. According to Angie’s list Answers, the ratio of labor to materials can average 2:1 or even 3:1. Estimating materials by hand has always been a tricky thing. If your estimate isn’t nearly exact, you can run short because no one wants to overbuy. A lot of time (and labor expense) can be wasted leaving the jobsite in order to buy more materials, not to mention the work stoppage caused by waiting for those materials to arrive. Fortunately, technology has come a long way toward helping solve this dilemma. Products like eVolve Electrical can help produce spot-on materials lists. In addition, eVolve Electrical can help ensure that crews are not standing around waiting for each other to finish up.
Standing out in the crowd of electrical contractors can mean more work and more profits for your firm. If you’d like to talk to an electrical industry expert about ways to distinguish yourself from the rest of the electrical contractors out there, contact eVolve MEP today. They’ve got your back.