Creating a business is no easy task. According to data from Inc. Magazine, only 0.1 percent of small businesses ever obtain $250 million in yearly revenue, which means budding companies have to prepare themselves in the most efficient way if they truly want to be successful.
Specifically in the restoration industry, business plans are tough to follow, as regulations, insurance guidelines and other permit processes change regularly. Successful restorers work nonstop on making their business flourish, but smart contractors know putting too much time into their company could actually be detrimental.
Handling paperwork for jobs, providing photo updates and giving clients up-to-date reports is critical for restoration contractors. However, it’s also essential to plan for the future and be ready to handle the massive amount of documents needed for each job work site.
Allocating documents efficiently
According to Info Entrepreneurs, business plans are needed to appropriate resources to each necessary department, partner or client. Business plans help companies know where to send the correct documents, forms or information to the right source.
This strategy allows restorers to stay on top of their overall business developments, whether it’s customer satisfaction or investments. The restoration industry is as unpredictable as any, but planning for the future with allocation strategies is a great way to remain competitive.
“New technology doesn’t have to change business strategies, but instead, revitalize how restorers operate their company.“
Through the DASH software platform, restorers have a tailored resource for customers to send and receive notifications through a client portal. With this available access to customers, they are kept in the know and documents are sent accordingly.
Taking on new technology
Business growth plans won’t go very far if they do not incorporate change. One of the biggest ways companies are seeking change is through technology upgrades. For restorers, it can be intimidating taking on a whole new software platform to handle clients and keep everyone updated.
However, through DASH, expert trainers work with crews and project managers until everyone is on the same page and knows how to use the system in the most efficient way possible. New technology doesn’t have to change the overall business strategy, but instead, revitalize how restorers operate their company.
Better communication with clients
Restorers have to take a step back and realize that while an upgrade in technology might help themselves, a platform such as DASH could improve their customer’s work as well.
Customer satisfaction has to be well thought out in a business plan so restorers can best handle any new client. Providing client portals that give customers real-time access to information and images of the work site well help them rest easy and remain pleased with the restorer’s business model.
According to Grow Strategy, companies that do not plan for the best way to stay in touch with their customers often find themselves out of dialogue for further business or they can potentially harm their brand loyalty. To get up to date on a business plan, restorers need to make sure every party involved can work together.