The COVID-19 pandemic has had an effect on nearly every single business under the sun including construction. To get through this pandemic, construction businesses will have to adopt an online strategy. The first step of which is to hire an online business manager. People are looking for solutions to problems that they had never encountered before. However, there is no question that companies that rely on online interactions and transactions are better off than others. Those that rely on physical interactions, outside work, and offline work are worse off. Construction comes precisely in the middle of all this. The construction industry employs millions of people in the US across all genders. However, it has seen a drop of nearly a million jobs in just April of 2020. That translated into hundreds of millions of dollars’ worth of lost business and stalled projects.
Boost in Profits
There is one undeniable advantage of having an online business manager. Due to cost-cutting and coming into the 21st century with an online system, profits are boosted. OBM’s help to establish a basic online system through which you can communicate with your employees and clients. This helps to cut costs and improves efficiency. Hence, it allows a company to divert its revenue to a mostly OpEx system rather than a CapEx system.
Online business managers can help operations run smoothly through the power of the internet. They can improve things like approvals and as well as helping workflows run smoother than before. Since they’re aware of the caveats that a company has to accept when going online, they will be mindful of the solutions.
More than that, they will know where to introduce protocols for efficiency. Online business managers are trained in working independently and delegating responsibility to their subordinates. Hence, they will keep business operations running smoothly. This will give you more time to focus on developments to help your business. This can include changing how your business deals with its clients, instituting further safety protocols, etc.
Virtual Team Management
As mentioned above, during the coronavirus, construction businesses and the industry, in general, will have to delegate virtually. There is no telling when this entire pandemic will subside. Until then, the more contactless operations that are adopted, the better it is. This is one of the best ways that an Online Business Manager can help your construction business during COVID-19.
It’s imperative then that an online business handles this ideally. Teams need to be delegated their responsibilities virtually, and workers need to be given constant updates. More than that, the teams need to be given reliable, consistent, non-changing instructions. This is already a confusing time. Issuing contradictory instructions will do no one any good.
It’s also vital that during this time, people are hired the right way. If people are needed to fill essential positions, online business managers can handle that too. They will set up much-needed communication protocols that are effective. These will help to interview and screen applicants for the job.
This allows for more essential positions to be filled, but for costs to be cut. The expenses that are required to thoroughly screen interviewees and check their backgrounds can be halved. Since the setup of office interviews is out of the question, it will save on both utilities and time. These are two things that the construction industry needs more and more to spare.
Tracking of Growth
An online business manager also keeps control of the growth metrics. They know how to map and analyze different metrics to track the growth of a company. Hence, online business managers can help to improve the efficiency of a company. They can identify the resources that are detrimental to the company. They can also identify specific processes that are only adding weight to the company and not doing any good. All of these things will help when it comes down to saving a construction company in dire times.
Efficiency and Security
If a construction business is to bounce back, it will have to acknowledge that construction workers are unsafe during coronavirus. Hence, specific protocols have to be followed. For that, workers will have to rely on online briefings, notifications, contracts, etc. For that to be done, personal physical contact will have to be significantly reduced all over. Construction workers will have to observe social distancing guidelines very strictly.
Online business managers can help to set up a system through which workers can get updates on their phones. This will allow them to receive instructions and updates that won’t require proximity to their bosses. This will also help to tidy up small problems as a notification system can answer short questions efficiently. Thus, work can be sped up, and workers can be kept safe at all times.
For more information about how an Online Business Manager can help your construction business during COVID-19, contact us today.