Lessons from Builders with Paul Dugdale and Dale Spencer
Mar 25, 2024
For building companies, scalability isn’t just a buzzword – it’s a necessity. Paul Dugdale of ARCA and Dale Spencer of Southern Ocean Building and Consulting (SOBAC), are shedding light on the importance of systems and technology when it comes to running an efficient, successful building company. Let’s dig into some key lessons from these experts.
Lesson 1: Find the right people
Getting the right people on board and equipping them with the right tools and systems is the first step in scaling your business. To do this, identify bottlenecks in your existing processes and work out how to relieve these through either automation, delegation, or elimination. Being proactive and identifying what the critical points are in your business and making sure these run smoothly is a great way to make your business more efficient.
Lesson 2: Get on top of your financial forecasting
Knowing exactly where you are and if you are on track (or not) with your budgets is key to making sure your business succeeds. Being able to forecast to identify any problems, allows you to make changes to manage these. The best way to do this is to use integrated software that gives you oversight across your business and can also make financial forecasting more efficient which saves you time and frees you up to work on other parts of your business.
Lesson 3: Systemise your business
At the heart of scalability lies the ability to use software and systems to improve efficiency. The key is to use simple systems that offer both high-level overviews and can also easily drill down into the details, empowering the right people to make informed decisions quickly and easily.
Lesson 4: Embrace the suffering
Running a business is hard! And even our experts admit that there’s always something that pops up to keep you on your toes. Having the confidence to know that whatever tomorrow brings because you have created strong and resilient systems in your business you will be able to deal with those problems, gain knowledge from them and create a strategy to fix them, will mean that you will continue to build a successful business.
Remember you can’t do it all so finding the right way to do it is the key to success.
Watch the full video to discover the systems and integrations that Paul and Dale have used to successfully scale and take their business to the next level.