A construction sector expert is warning that it’s crucial for small businesses in the industry to plan for the future as much as possible as the UK heads into uncharted waters following the Brexit referendum result.
Business growth consultant Terry O’Mahony says that the UK’s EU vote and the resultant political upheaval has created an uncertain future.
“When uncertainty goes up, confidence tends to go down, which can have a knock-on effect to the amount of work available in the sector or the level of work is maintained but prices suffer,” said Terry, who runs the East Midlands-based Construction Leaders Club.
“Companies often look at their cost base and cut their sales and marketing budgets and their training budget, but that means they may be less able to win work and have fewer people with the right skill set and capabilities to adapt to the change and cope with the work.
“We are heading into completely uncharted waters post-Brexit and it’s now more important than ever that the leaders at the top of companies have the wherewithal, foresight and vision to steer the management and develop the strategy necessary to guide their businesses through these uncertain times.”
The Construction Leaders Club, which was established in Nottingham three years ago by Terry as a networking and business growth organisation supporting businesses and individuals related to or associated with the UK construction industry, is running a Discovery Day which will focus on what it takes to be a leader in times of uncertainty.
The event, on Wednesday 7th September at Risley Hall Hotel, near junction 25 of the M1 between Nottingham and Derby, will also look at strategy and marketing, and will shine a spotlight on the two upcoming programmes that the CLC is running from October, the CLC Mastermind for business owners and senior decision makers, and the CLC Rising Stars for high potential individuals who want to step up to the next level.
As well as running development programmes and workshops, the CLC also stages monthly networking events.
CLC and its related business support services is the only business growth, leadership and management development organisation for the construction industry to be awarded a Chartered Building Consultancy status – an accreditation granted as part of the Chartered Institute of Building’s Chartered Building Consultancy Scheme. CLC can also award CPD credits for its networking events, workshops and programmes.
