3 Strategies for Navigating the Labor Crisis In Construction |The K Cup Episode 34

Send a textIn Episode 34 of The K Cup Jon & Joe Discuss the Labor Crisis that is crushing the construction industry. They offer 3 strategies that contractors can use to successfully navigate a labor shortage that's not going away any time soon. The 3 strategies include embracing and expanding the use of tech, particularly in the area of Prefabrication which is an emerging strategy in the construction industry and has a lot of value in resolving many aspects of the labor crisis. Strategy number 2  talks about the value and importance of developing your team's potential and investing in them long-term to avoid the disruption of being short staffed and unable to replace members that leave. And, strategy 3 explains how and why you need to diversify your client base and the types of projects you take on. If your in the construction industry you are not going to want to miss this episode!www.kellyconstructiongroup.comHashtags#generalcontractorsbatonrouge #theKCupPodcast #constructionpodcast #howto #business #KellyConstructionGroup #Louisiana #commercialconstruction #contractor #building #buildingdesign #architecture #designbuild #AIA #commercialrealestate #commerciallending #creprofessionals #developers #CREinvestors #entrepreneur #entrepreneurship #businessstrategy #collaboration #collaborativebusinessecosystem #essentialnetworkingsystem #collaborativeconsumerengagement #prominentpersonofimpact #buildyourbrand #brand #joenortrup #jonkellyKeywordsgeneral contractors baton rouge, commercial construction, business strategy, business, start a business, start your own company, start a construction company, builder insights, contractor insights, contracting business, entrepreneur, entrepreneurship, commercial construction industry, architecture, commercial real estate, commercial lending, brand building, Joe Nortrup, Jon KellyChapters00:00:01  Jon and Joe Cut-Up00:02:12  Official Intro to Episode 3400:05:22  Joe Introduces 3 Strategies to Overcome the Labor Crisis00:06:32  Jon Weighs In On the Labor Crisis Locally00:10:36  Joe Introduces Strategy #1 - Embrace Tech. Combined With Prefabrication00:18:34  Joe Introduces Strategy #2 - Develop & Retain the Team You Have00:28:25  Jon Weighs In On Teams & Culture00:38:02  Joe Introduces Strategy #3 - Diversify Client Base & Project Types00:38:52  Jon Weighs In On Strategy #3Takeaways* Learn that Jon & Joe can be goofballs lol!* Learn how important prefab is going to be to the construction industry going forward because it is one of the most effective and productive ways to correct for a poor labor market.* Learn how investing in your people is going to be an increasingly important tool for businesses to be competitive and be able to grow in a labor constrained environment.* Learn how important it is to analyze your projects and identify the ones that are profitable despite the labor crisis and work at developing more of those types of opportunities (ie: smaller projects with shorter terms and projects that are specifying prefabricated components in their designs).