Can the Construction Industry Improve Small Business Success?

The construction industry has long promised economic opportunities for small subcontractors through large-scale projects, yet the reality often falls short. To truly deliver on these promises, we must transform the approach to small business support.

TradesNetwork is proposing a new model, through a industry-wide comprehensive platform that addresses the needs of the small businesses:

1. Methodical Development: Provide structured training, mentorship, and business guidance to help small businesses increase capacity efficiently.

2. Effective Information Distribution: Centralizing bid and RFP opportunities ensures that small businesses stay informed and can easily access relevant opportunities.

3. Technology Utilization: Increase ease of use with real-time updates, mobile access, and personalized dashboards.

4. Cost Reduction: Facilitating connections between small businesses and prime contractors that lowers recruitment and relationship costs.

5. Qualified Pool Creation: Supporting small businesses in their development helps create a competitive pool of subcontractors, providing more options and reducing risks for prime contractors.

TradesNetwork believes that to realize the promise of economic development the industry must rethink how small subcontractors are developed and engaged. By bringing together the existing resources into a cohesive process the industry can deliver transformational opportunities for small businesses and the communities we serve

What’s your opinion of the current approach to supporting small businesses?  Working well, or we can do better? If you want to join this effort, please get in touch.