Best Industry in
United StatesMy 17-year-old child is going off to college. She is starting ask questions about industries and careers. She has made me think further about what construction contracting has to offer her. I have concluded it is
best career a young person could choose. You may not believe it, however
facts will show our business is unmatched. It offers participants long term tangible benefits. Many people will argue however, let me show you
many virtues our industry has. You be
judge.
Merit Based –
construction industry rewards hard work. There is no substitute. We are all dissatisfied with
work ethic today. When we find it, we reward it. Let me give you an example – a person comes to you (male / female) doesn’t speak of English well but has promised to work hard and keep their nose clean. You give them a chance and 1 year later, you are glad you did. They kept their promise. Now, what will you do? Ignore them? Cut their pay? Of course not. You will increase their wages and give them more responsibility. Construction contractors reward merit.
Additionally,
industry is also. Let me show you. What is
best advertising in
construction business? A completed project on time and on budget. This speaks volumes of a contractor’s savvy and diligence. Word of mouth travels fast. Excellent contractors have more opportunities for work than their lesser competitors.
Small is Big – Construction rewards
small construction firm. That is they make a higher percentage of profit. This is a variable cost business. In other words, you do not have to have “critical mass” to be profitable. Net profit statistics consistently show that smaller contractors make a higher percentage of profit before tax than their larger brethren do.
Tangible – Our industry erects monuments. Our work is visible to everyone. We can see it for decades after we complete it. Construction people show friends and relatives point out these projects. Unlike other industries, we see what we accomplish every day.
Best Earning Years Later in Life – Statistically, this is difficult to prove. However anecdotally, a case can be made. In my travels working with clients in
United States, A contractor's profitabilty grows over
years. I have seen increases as either percentage or gross dollars or both. Construction becomes more profitable with experience.
In contrast,
best earning years of most other industries is between 35 and 50. (Professional Sports excepted). The reason for this youthful compensation is energy,
willingness to travel, to take risks and to make extraordinary things happen. Profitable construction is based on consistent and correct processes, somewhat like
manufacturing business. The more consistently a person does
correct things,
better
outcome.