Topical Networking Vs. Relationship Building

A few years deep in the construction world I’ve learned more than I could’ve ever anticipated. One glaring difference from other industries I’ve worked in is the opportunity for a relationship to take on many more forms than the conventional-and it’s all dictated by a willingness to go the extra mile. What I’ve found is that construction business development managers all have their own style and tools for hitting leads. When managers with slightly different focuses get together to collaborate, I’ve found there are big ways to gain new targets and benefit from information exchanges.

It can be exhausting running from coffee meeting, to lunch networking, to happy hour connects-this type of presence can spread even the most energetic BD manager a bit too thin. While quantity is important, I’ve been tapping into the relationship-focus more, and in my world, this is done best with a smaller circle repetitively. Rather than being exposed to someone at a business card exchange once, it’s served me more to schedule ongoing meetings with another business development manager/broker over coffee in a nice setting where both parties can relax and enjoy a brief, yet productive escape from looming Salesforce tasks.

While I think it’s always nice to mingle at late night commercial real estate centric events over drinks with a new contact, I’ve been seeing a new contrast in more one-on-one networking settings where both parties understand each other’s typical scope and are able to form parallels in industry news to collaborate on ways to engage both sides’ interests. Recently I’ve partnered with a few connections to exchange our target lists and keep our eyes open towards any intel that may benefit the other. When one person gains a relationship, there is an understanding that the other person will be introduced from the mutual effort that led to the link.

Other topics I’ve delved into that can enhance any BD manager’s pipeline are new tools and free programs that either party has found success with in usage for lead generation. Exchanging these means can spare valuable time and open doors that wouldn’t have been accessible otherwise. More detailed opportunity information can also be shared (when not confidential) in circumstances when a specific project isn’t suited to one party, but it may end up being ideal to the other.

There are also new perspectives on conflict resolution that can be introduced through a connection’s experience. These uncoverings from a conversation aren’t limited to a contractor and their competition working in the same capacity. It’s likely that an architect or engineer has a unique perspective on a discovery from previous project’s challenges.

My emphasis in relation to commercial construction is that relationships across diverse parties in the project lifecycle are a wise use of time if handled in the above-mentioned ways. Whether a general contractor sits down with an engineer, architect, designer, furniture supplier, branding specialist, or subcontractor partner – the collaboration potential is there for those who want it to be.

How To Look For The Right Construction Company

Among the many industries in the world, one that is considered to be always a huge operation is construction. With different structures involved, be it residential or commercial, it would take a lot of time and money, not to mention, effort in completing the job. It is also a risky job so expertise is a must to any firm that would take on this kind of work.

Because this industry is in demand today, many companies are venturing into this business. They all possess different qualities and capabilities necessary to complete any construction project. However, experts share that there are certain qualifications that one should look for when hiring a company to ensure the project is in good hands. Some of the qualities are listed below.

1. Experience. This quality can say a lot about how a company is knowledgeable about the industry. With experience, they would know the rules and regulations that should govern all construction projects. Any client would be confident knowing the firm they got has already proven their skill in the number of years they have been in the industry.

2. Reputation. An ideal firm is one that has been referred to by many clients. This is a manifestation that the firm has done a great job when handling their projects. Many clients would vouch for the workmanship of any firm so long as they are satisfied with their job. Searching online for companies including the testimonials of their clients can be a good start to look for the right company.

3. Scope. What clients should know about firms is that some of them may only offer a limited scope when it comes to construction services. However, there are others who offer a lot of services such as landscaping, installation, and even interior design. It is recommended to opt for companies that offer a wide range of services to avoid any hassle during the entire construction process. It would save a lot of time rather than hiring other companies for other services.

4. Fees. This is something any client should consider before agreeing to anything. There are companies that offer reasonable fees. Don’t just stop and stick to one company. Make sure everything including the budget is in line with the planned cost for the project.

5. Portfolio. To make sure you are on the right track, it would be ideal to check the previous projects handled by the firm. Firms usually compile them in a portfolio for their future clients to see. Checking their portfolio is also the best time to decide whether their services would fit your needs.

Top 5 Rapidly Growing Industries Worldwide in 2017

In the world economy 2017, the forces of growth and prosperity are complex and ever-changing. The catalysts of change can be fundamental factors such an emerging technology, the needs of the global population, a change in regulation or a new method of monetization.

We are now going to disclose top 5 (five) fastest growing industries worldwide, also to look and examine the fact behind its hasty growth and what issues are emerging that might affect their long-term prospects:

The construction industry:

The construction industry is thundering like a storm and authorities assume growth to proceed. The Bureau of Labor Statistics projects the construction and development industry to be one of the fastest growing industries of 2017 and with risen work, the industry will have a leading employment rate across the overall economy.

This is also estimated that the industry will be unstoppable and will boom simultaneously until 2020 and the projected growth rate would reach 4.5% up over the next 5 Years, making construction the top leading industries of 2017 in terms of improving salary and employment sector.

In the United States, the construction industry is estimated to reach almost $1.2 trillion over next five years (until 2020)

Cloud Computing Industry:

Cloud computing technology is comparatively new in the market but there are various organizations both government and private that are inception to adopt the use of this technology. Cloud computing is basically the commitment of computing services including software, networking, servers, storage, databases, analytics over the cloud with the help of internet.

The investment of $46.8 billion was spent on Cloud Services previous year and expected to double in next few years. The Industry growth will rise at a compound annual growth rate (CAGR) of 18% in coming forecast until 2020 with the current price of $263 billion. Over 80% CFO’s officers say cloud computing will have the most measurable impact on their business in 2017.

Online retail Industry:

Today, we live in a world where people are so attached to the smart technology like the smartphones or gadgets, also in their everyday life they hold in touch with it while doing shopping or hailing a cab service or it could be regarding ordering a food. Everything begins & ends with the smart time-saving technology of Online Retailing.

Online Retail is one of the fastest growing industry in this phrase of gigantic technology and also projected to show an enormous growth in upcoming years also. China embraces the largest market for e-commerce followed by the United States, though India hold the top place under rapidly growing e-commerce industry in the whole world.

In Asia-Pacific, Nearly a 5th of total retail sales will take place online by 2021, with 80% of business coming from the smartphones, improved from 64.5% in 2016. It is also estimated that the online mobile retailing sector is near to grow at a CAGR of 16% (approx.), to strike $1 trillion until 2020, increased from $545 billion in 2016.

The marijuana industry:

Marijuana, also familiar with the name Cannabis and Hashish being unassociated with good fashionable lifestyles because it is illegal in most of the countries as it is a psychoactive drug. In 2015, 42% of Americans consumed cannabis, increased to 51.2% in 2016. Around 11% have used it in the previous year, and 7.5% used it in the previous month. This makes it the most commonly used illegal drug worldwide and the United States. However, there are more than twenty-five states with some form of legalized marijuana for medical purpose and more than seven states that have legalized recreational marijuana laws.

A new report has been declared by the market research experts includes the foresight that the legal cannabis market or marijuana market was worth an estimated $7.3 billion in the previous year (2016) and now projected to grow at a Compound Annual Growth Rate (CAGR) of 16.9%. Marijuana sales reached $4.5 billion in 2016 and now expected to reach $13.2 billion in coming years until 2020.

Music streaming industry:

Today, ‘The Internet’ or ‘Net’ (Common name) is one of the most important needs of a mankind. People use the net for different purposes depending upon the requirement. In Music Streaming Industry, the Internet gives listeners a commercial-free access to choose & listen from the millions of songs on a monthly payment and sometimes totally free if they willing to see ads.

The music streaming growth is being seen globally, including the small markets and others decimated by piracy. In the United States, Music streaming Industry revenue grew 56 % billion in the first half of previous year (2016) which was accounted to near half of industry sales in the US. South Korea has emerged himself in the list of top 10 largest music industry in the world, with sales $271.2 million in 2016. With the explosion of piracy, China’s market shrank to $22 million in 2010 as it was $209 million in 2004 but after the major source of the recovery, China again lifted himself in the top 10 music industries by country in 2017.

The Global Music Industry grew at a CAGR of 5.8% and generated the revenue by hitting $15.4 billion in the previous year (2016) as compared with $14.6 billion in 2015. According to I.F.P.I, this been recorded as the fastest Music Industry growth since 1998.