Diversify your offers
As a contractor, factors such as economic highs and lows, weather, and even politics can impact your business. An effective way to stabilize your revenue stream is to expand your business offerings to include operational solutions.
According to the IBIS World 2018 report, operational solutions, such as maintenance, service, and repair activity, along with modernization and retrofitting work, represent 68 percent of the U.S. construction industry’s revenue.
These solutions — often referred to collectively as maintenance, repair, and operational supply (MRO), make up the majority of work for all contractors and account for a proportionally larger share of revenue for smaller companies.
This guide details the products and solutions available to help you build out your MRO offerings, whether you are small, medium, and large company.