As 2017 gets underway, contractors in the state of Michigan can look forward to a variety of new opportunities and ways to expand their businesses. Whether you work in the residential or commercial industries, your construction company needs to get on board with the latest trends and take advantage of the changing needs of your customers.
If you’re making resolutions for your business in the new year, include some of these ideas to help encourage corporate growth.
Look Into Detroit
The Michigan state government has been extremely active in trying to attract new businesses to Detroit after the bankruptcy, and the efforts are proving to be successful. More new companies are moving into downtown Detroit, and that means an increase in the population in and around the city. If you are looking for areas in Michigan where new opportunities are starting to pop up, then you need to make your way to Detroit and start getting involved in the growth going on downtown and in the surrounding areas.
Value Your Employees
Unemployment around the state has been dropping considerably, and that means fewer workers available for your company. In Grand Rapids alone the overall unemployment rate has dropped to 3.3 percent. If you want to grow your construction company in 2017, then you need to find ways to show your employees that you care and continue to work hard to attract new talent.
Think “Zero Energy”
Zero energy homes are becoming popular all over the country, and they are also becoming a big draw throughout Michigan as well. With energy bills going up during Michigan winters, zero energy homes offer homeowners the chance to enjoy alternative energy options that will keep costs down. Michigan contractors should become very familiar with the new methods being used to design homes that utilize less energy, and help homeowners to reduce the overall cost of maintenance as well.
Low unemployment means that more Michigan construction companies are working and all of those companies are out looking for more work. In 2017, you need to maintain contact with your best customers to keep the referrals coming in, and you also need to start making new contacts to open up new sources of revenue as well. Get aggressive about meeting new potential clients, marketing your company to new audiences, and trying to stay ahead of the growing amount of competition.
It’s time to be honest with yourself about your company’s future. How much of what happened in 2016 happened by accident? Whether it was good fortune or bad luck, the truth is that you could have planned more than you did and made your own good luck. In 2017, lay out your plans for the year and see those plans through all year long.
Every Michigan contractor should start a course with PDH Contractors to get the information they need to be successful in 2017. With PDH Contractors, you will learn about the latest trends in construction, and you will be able to stay up to date on all of your Michigan certifications and licenses.