Hidden Costs Hindering Growth In Your Business
Construction leaders think they know their business like the back of their hand. But research shows that millions of dollars slip through the company’s fingers undetected every year. These seemingly invisible losses don’t stem from the obvious culprits; construction companies tend to be masters of avoiding direct losses, such as budgetary errors, broken equipment, and on-site injuries. It’s the hidden losses that hurt a business and can hold it back from achieving its greater long-term goals. These include missing out on new project bids, inefficient expenses, and client turnover, which compound to hurt future outlooks and the company’s bottom line.