8 figures and beyond: Your guide to growing a construction business

Becoming an eight-figure company, one that brings in anything between $10 million to $99 million, sounds like a goal only attainable for the very brightest and best builders. It’s a pipe dream. Something that’s out of reach for those just starting their construction business from scratch, right?

What if we were to tell you that’s wrong?

There are plenty of builders who were brand new to the industry just a decade ago and now have well over 100 projects under their belt. To get there, it takes plenty of hustle and hard work – but that’s not all.

If you want to start and grow your business to eight figures (and beyond!), you shouldn’t waste years testing marketing strategies and short-term tactics. You just need to learn what worked for other home builders who experienced explosive success. Ready to improve your bottom line? Let’s get right to it.

How to grow a construction business:

The key to growing a construction business all comes down to a singular word: processes. 

$10 million dollars doesn’t come overnight. That’s not news to anybody, especially those in an industry battling labor shortages and material delays. But you can start laying the path to get your business there today.

And Buildertrend is here to help. Our team partnered with Breakthrough Academy to better define what these profit-boosting processes look like. Breakthrough Academy is a team of experts who provides contractors with the coaching and systems needed to become balanced and thriving entrepreneurs. Their guidance helps business owners bring their A-game to the complex world of construction, with builders seeing an average revenue increase of 21% after 12 months of working with them.

Recently, Breakthrough Academy wrote a three-part series for the Buildertrend audience. This content highlighted steps home builders can take to evolve processes into becoming an eight-figure business. Their insights proved to be some of the most popular shared on our site – so we’re bringing it all together in one spot.

But that’s not all.

Plus, you have the opportunity to really dive deep into this topic and sign up for a killer web class. During this live event, Benji Carlson from Breakthrough Academy will share the project management secrets used by over 400 high-performing contractors to get their PMs on track.

Consider this your guide to growing a construction business:

Scaling to 8 figures: 4 strategies to grow your construction company (Part 1 of 3)

In this article, we’re sharing strategies to overcome growing pains. If you’ve hit a roadblock or aren’t sure which move to make next, this is for you.

Here’s what to expect:

• Uncover reasons why construction business growth plateaus
• Learn four key strategies for growth
• Download a free guide to implement a fail-proof sales system that attracts the type of clients who boost your bottom line

Scaling to 8 figures: What makes a construction project manager successful (Part 2 of 3)

The second part of this series dives deeper to answer the question … what role do project managers play in your business reaching its goals?

Here’s what you’ll learn:

• Signs that your construction job management plan needs work
• Four building blocks of solid project processes
• The personality profile of good construction project managers

Scaling to 8 figures: How to hire construction workers in a labor shortage (Part 3 of 3)

Our final part of this series is all about hiring and keeping good talent. Because, let’s be honest, a stronger team means stronger profits.

However, the industry is still feeling the impact of an ongoing labor shortage. Solutions uncovered in this article include:

• Steps to create an ideal candidate profile
• How to build a world-class hiring funnel
• Interviewing tips and resources to always get the best talent in the door

Still hungry for more? Check out our recent builder roundtable for practical insights on how to grow a construction business:

The leveling up doesn’t stop here. If you’re looking for a roadmap to faster construction projects, happier customers and bigger net profits, we’ve got you covered.

Breakthrough Academy and Buildertrend hosted a contractor roundtable full of project management tips. Featured are two builders who’ve grown their businesses beyond 8 figures – and they’re willing to share their secrets of success.

Watch our roundtable here now. What worked for them could work for you, too.