What Construction Businesses NEED To Know About The Sharp Drop In Building Approvals

By Jake Elliott
Construction Business Consultant & Director
William Advisory Group
1:13PM January 24, 2019

Hey mate,

If you run a business in the building and construction industry…

AND

If you’re worried about the impact that the construction slowdown will have on your business…

Then this letter is for you!

Because you’re going to finally get a solution you need to futureproof your business, take advantage of the slowdown and dominate your market while everyone else contracts.

Would you rather a PDF?

Learn how you can future-proof your construction business in this short PDF! Click below to download.

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Now, I want you to pay close attention to this number….

53.9% in the last 12 months

That’s how much appartment approvals have dropped in the last 12 months!

Australian Bureau of Statistic figures released January, 2019 show that building approvals have fallen by a staggering 32.8% per cent since last year, led by a dramatic 53.9% slump in apartment approvals.

Why should you care about these figures?

These figures are used to gauge the level of future construction activity in Australia.

As you know, obtaining building approval is one of the first steps in the building process!

This represents the lowest levels of building approvals in over 5 years!

This decline was also reflected by the Performance of Construction Index (PCI) released by the Ai Group, which showed that private sector approvals to build other residential dwellings plunged by 17.9% the lowest total since June 2013.

Despite areas of higher activity, the national decline in dwelling commencements is likely an early sign of a looming construction sector slowdown.

Many suspect the falls will continue for some time yet, with the only real area of the debate being just how large the peak-to-trough falls will be.

Here’s what that has to do with you

Generally, there is a 6-month lag between building approvals and construction activity.

When this fall hits the market, the following side effects will be felt in the construction industry:

Margins will tighten with increased competition for tenders
There will be downward pressure on prices as the property market cools
Suppliers will tighten their credit policies and reduce their credit limits, so that you’re unable to buy as much.
In the worst cases, suppliers will refuse to supply until prior invoices are paid or operate on a cash payment basis
Banks will become more sensitive and reduce lending – overdraft, credit cards etc
Cash will become more important than ever!
Some businesses will fail!

Point of story: this could really f*%#ing hurt your business

Did you know that 26.4% of businesses in Australia shut during the GFC?

If history can teach us anything, it’s that customers, suppliers, contractors will fail.

But that doesn’t have to be you.

The good news is, you have 6 months to prepare, but the time to look at future-proofing your business is NOW!

Yes, I Want To Future-Proof My Business!

I REFUSE to be another leech that feeds off your construction business! Here’s why:

I understand there is a massive difference between cost and value.

Having worked closely with dozens of construction companies, I know more than anyone the headaches that come with operating a business like yours.

The Administration, work health and safety, site meetings, induction meetings, health, etc

All sorts of sh%t you wish would just go away.

You pay consultants here, you pay consultants there…

You’ve got consultant payments coming out of your as%.

But we’re not like the rest…

I tell people that we’re an Outsourced CFO firm located in Pyrmont, NSW. But that’s not who we really are.

We are a group of highly qualified professional business consultants with over 50 years experience in a wide array of industries.

We’re a real company dedicated to giving you real value.

We’re a valuable addition to your toolkit

Through our experiences, we’ve seen what works and what doesn’t.

We provide benchmarking reports with industry insights, which are key elements of a successful business in the construction industry right off the bat.

We provide a comprehensive reimagining of your business and business model.

We don’t just cut costs, we drive revenue growth, increase margins, maximise efficiencies and improve processes.

We provide your business with next level strategic financial resources, which allow your business to access a wealth of financial experience without the excessive cost of hiring a full-time salaried CFO or financial advisor.

We help you maximise on your business’ strengths and create strategies to overcome its weaknesses.

How you can take advantage of the construction slowdown

This significant drop in approvals can create immense opportunities for businesses that plan for its impact. The impact is generally felt 6 months after the result, so the clock is ticking.

You NEED to put a plan together to:

Reduce overheads
Continue/focus marketing efforts
Improve debtor collection processes

Doing all the above can set your business up to take advantage of this downturn and grab market share.

We’ll take all the financial aspects off your plate so you can focus on serving your customers.

Here’s how I’ll help futureproof your business and dominate your market

I will get on the phone with you and talk about your current situation.

You and I will discuss your goals.

We will dive into how your business is structured too.

After becoming familiar with your desires and goals, we perform a top-to-bottom business review, improve margin, reduce costs and look for that “low hanging fruit” that will offer immediate, measurable results.

We’ll show you a “true north star” so you can set your course for 2019 and beyond.

I will answer the nagging question of what to do right now so you can take advantage of the slowdown and dominate your market.

And we’ll give it to you – FREE.

You Win. Guaranteed.

You have to be smart about what you spend your money on. Which is why we make working with us a zero-risk proposition.

If our strategies for your business don’t work, you don’t pay.

If our strategies work but the ROI doesn’t cover our fees, you don’t pay.

If you don’t come out of this with a cashflow positive outcome, you don’t pay.

We can make these promises because we are supremely confident in our abilities and have the track record to back it up. We know we are that good.

All you have to do is book your free planning session below

Just click that big button below.

Enter your valid info and answer the questions truthfully.

Once you’re done (takes literally less than 30 seconds), I’ll personally reach out to you within 24 hours to book your 2019 planning session.

We’ll organise a time for a coffee or some beers, so we both can block off time to give this meeting the attention it deserves.

I guarantee it will be the best decision you will make for your business this year!

Yes, I Want To Future-Proof My Business!

Here’s what some of our clients say

“Teamwork divides the tasks and multiplies the success! Our best investment to date, Outsourced CFO by William Advisory”

Joshua Hardy, Dijo Constructions

“William Advisory has provided our business with exceptional service, delivering outstanding results on any task for which engaged. WA genuinely care about their client, and go above and beyond to provide guidance and spearhead strategies where required. I will absolutely use again in the future.”

David Fenessy, Bilt Beta Constructions

“I refer all my clients, friends and family to William Advisory Group. I never realised how much I needed their services until I hired them. I am extremely thankful to William Advisory, I doubt we could have achieved as much as we did without them.”

Sam Ebeid, Director EA & Associates

“William Advisory Group have been great to work with, they’ve helped us reorganise and streamline our finance structure and processes. I would definitely recommend that other businesses utilise their outsource CFO services. They were honest and added real value to our bottom line.”

Dina Saad, Six Degrees