{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Certified Luxury Builders News & Success","title":"Unlock Your Business Potential: Take the Certified Luxury Builder Benchmark Audit Today!","html":"","width":"100%","height":180,"duration":742,"description":"Certified Luxury Builders' online assessment tool for construction businesses to gauge their strengths and weaknesses. It consists of a series of statements related to various business aspects, such as strategic planning, financial management, staffing, and marketing. Users rate each statement based on its applicability to their business, ultimately receiving a score that indicates their overall business health. The tool also promotes a paid service that offers personalized support and guidance to improve their performance.Here are some characteristics of a successful construction business, according to the CLB Network: Strategic Planning and Financial Management: A successful construction business has a written strategic business plan that encompasses sales, construction operations, and accounting. This plan is shared with the management team. Additionally, successful businesses avoid using a cost-plus pricing formula. They aim for a minimum 12% profit margin (K-1 totals). Marketing and Lead Generation: Successful construction businesses have a strong online presence, ranking highly in Google searches. They have a defined target market and actively engage in marketing efforts to reach past and current clients, real estate agents, architects, and interior designers at least monthly to generate leads. Human Resources: Successful businesses have the right people in the right positions, with minimal need for new hires. Employees track and report their key performance indicators (KPIs) to their supervisors regularly.Business Operations: Successful construction businesses avoid submitting bids for projects without a design or pre-construction agreement in place. They also have a business succession plan, ensuring the business can continue operating or be sold profitably even if the owner is no longer involved.The CLB Network offers a 30-day program to help construction companies improve in these areas. They work with businesses to develop key documents, including:●...","thumbnail_url":"https://img.transistorcdn.com/x5Wt-FMfz8ewBVWnWRiD9O9h1EU6Tt50P2QMyZogQiI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMjdi/NzA1NzBkYjQxNWU0/MDg0N2Q2MWZhYTFl/NWQzZC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}