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Course overview
This 2 hour course is designed for business owners in the construction industry. The skills gained will help you to confidently plan for future challenges in a financially responsible manner, to enable sustainable growth and resilience.
Course outcomes
On successful completion of this course, you should be able to:
- understand current and future challenges in the building industry
- know what business resilience means and how to make your business resilient
- choose the right business structure for your business
- develop a good business plan to grow your business sustainably
- manage business risks, including shortages, price increases, and industry changes
- identify your customers and market segment
- have the right systems and people in place to manage your business effectively
- understand and manage your financials, contracts and insurance
- develop and maintain key relationships with customers and suppliers
- take care of yourself and your team.
As you work through the course you will have the opportunity to answer some questions and progressively check your understanding. Complete the assessment quiz and the feedback activity to obtain your CPD certificate of completion.
The construction industry at a glance
The Construction industry generates $367.2 billion in revenue, producing around 9% of Australia’s Gross Domestic Product.
Though Australia’s construction industry has strong overall growth predictions, it is currently being hit with a perfect storm as it weathers rising costs, legacy fixed-price contracts, labour shortages and supply chain issues.
The number of businesses operating in the home building industry fell by 9% in 2022-23, with the industry contracting for the first time in a decade. Most businesses in this industry are either sole traders or very small businesses, employing fewer than 20 people. It is even more apparent now that these businesses need to be more resilient and adapt and evolve to meet market needs.
You will need to have access to an electronic device to be able to log into the online short course.
CPD points
This workshop has been approved for CPD (Continuing Professional Development) points as below:
- NSW – 2pts
Get started today!
From $140*
Starting a business is just the beginning. Learn how to navigate the ups and downs of the construction industry in this in-depth course designed for business owners and future business owners keen to stay afloat for the long-term.
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* Prices include GST. The course fee does not include required resources (if applicable)
Who would do this training?
The course is relevant for:
Developed in partnership with the Office of the NSW Building Commissioner
