Strategic Planning for a Profitable Contractor
Gold Seal: 2 Credits * BC Housing: 7 CPD Points
Description
Course Outline
Success in business does not happen by chance—it’s the result of strategic planning. Yet many construction companies fail to prioritize it. In just two half-day sessions, we will explore proven strategies through the lens of a $25M mechanical contracting firm preparing to scale. Discover how intentional planning can drive lasting growth and profitability.
Key benefits of strategic planning:
· Vision & Direction: Creates a clear future goal and a practical plan to achieve success.
· Aligned Goals: Ensures everyone in the company works toward the same objectives.
· Resource Optimization: Improves the utilization of people, time, and financial resources.
· Motivation & Commitment: Drives team engagement and accountability.
· Performance Standards: Establishes measurable benchmarks to gauge progress.
· Flexibility: Allows for adjustments as circumstances evolve, ensuring long-term adaptability.
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What will you learn?
Strategic Growth Plan: • Build a success framework with clear action steps and financial milestones. • Use SWOT analysis to guide strategic decisions.
Annual Business Plan: • Write a compelling executive summary and set focused business goals. • Address sustainability, analyze competitors, and track market trends. • Develop revenue strategies, calculate break-even points, and form strategic partnerships.
Financial Plan: • Create detailed annual and monthly forecasts and monitor key performance indicators (KPIs). • Forecast profits and analyze balance sheets to track financial health.
Why this course stands out:
Tap into Wayne’s powerful mix of financial expertise and real-world construction experience.
Use proven, practical strategies tailored to the construction industry.
Join a network of professionals who have elevated their skills and performance with Wayne’s guidance.
Delivery Method: Virtual Session – Zoom Platform
Course Fee Includes: Access to the course, course materials, and a digital certificate upon completion.
This course is delivered in partnership with local and provincial construction associations across Canada. You will be participating with a group of industry peers from multiple regions.
Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.
Prerequisites
There are no prerequisites to this course.
Who Should Attend
This course is for managers responsible for driving growth and guiding company direction. Whether you lead operations, finance, or strategy, you will strengthen your strategic thinking and improve decision-making.
Technical Requirements
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Computer or laptop
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This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cellphones may not be adequate.
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Windows 10 or Mac iOS.
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Webcam (Mandatory)– in order to engage and collaborate, participants will be expected to have their webcams on for the duration of the class
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Microphone (Mandatory)
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Internet connection- For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. The minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.
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A quiet space with minimal distractions –The microphone will be engaged for interactive sessions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.
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Comfortable chair
Course Credit Information
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The course is eligible for 2 CCA Gold Seal education credits and 7 BC Housing CPD credits upon completion.
Registrants seeking BC Housing CPD credits for this course must complete all course components before a certificate showing BC Housing CPD credits earned will be issued.
Registrants seeking gold seal credits for this course will be required to complete an assessment during the course to qualify to have the gold seal credit endorsement appear on their certificate of completion.