Show Me The Money!

When it comes to having a successful career in construction, it comes down to how astute you are at understanding finances and financial implications.
Show Me The Money!

Don’t worry, this doesn’t mean you have to be an accountant!

Today’s video provides some top tips on having a successful career in construction. You can check it out here or continue with this quick read.

There are two choices regarding a career in construction.

Whether to go client-side or contractor-side?

They’re different games and differ in terms of stability.

If you are the type of person who needs stability, then client-side is probably the way to go.

  • You’ll have a more stable income
  • You’ll probably be paid more as an employee
  • You’ll have more predictable work hours

The flip side is it’s not a rewarding experience unless you’re a specific type of person.

You don’t feel the construction because you’re often removed from the nitty gritty of construction.

Essentially you have an office job that doesn’t feel like construction.

So if you’re the type of person who loves the feel of being on-site and having a range of different projects then the contractor side is much more fun. And, if you are in construction for the camaraderie and lifestyle then the contractor side is a better fit.

Whatever route you take you need to deliver onsite and commercially.

You want to be someone who understands that the commercial side is very powerful.

Regardless of where you are and what you decide to do if you want to be successful in construction, you want to MOVE TOWARDS THE MONEY.

You need to have a clear idea about the budget and recoup as much money as possible.

Having financial foresight and a focus on cash flow will make you invaluable.

Always ask the question: How can I save the company money?

If you have this attitude you will get noticed.

Have an idea of payments, non-payments, and disputes around payments.

Be part of these conversations because they’re the important ones.

From a contractor’s point of view, you’ll get around these conversations a lot quicker and therefore be able to develop your skills a lot quicker.

If you’re younger it’s worth working on the contractor side.

  • Knowledge
  • Experience
  • Perspective

If you want to start your own business it makes sense to go contractor’s side because you’re exposed to more.

  • Marketing
  • Business Development
  • Delivering onsite
  • Disputes

If you’re client-side you won’t be exposed to this until much later on.

We want you to be the MOST SUCCESSFUL you can possibly be. That’s why we put together content with tips and advice that is tried and tested.

For more contractual advice, Quantum Contract Solutions is here to guide and assist you through everything contract related. Let’s reduce risk in your contracts and save time and money, just click this link to get our FREE case study to show you how clients just like you are doing it.

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