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Looking back on 2015, I get a sense that this has been a year of growth for the roofing industry. Yes, 2015 was a good year overall for the roofing industry, but what I’m feeling is the industry has matured. Not just growing bigger, but growing wiser and better with age.
Diversification can be a good business strategy for coping with tough times, but it was a focus at Douglass Colony Group long before the recent economic downturn.
Contractors are always scrambling for work and looking for the next job. Since the 2007 recession many contractors have looked to diversification as a way to triumph over a slowing economy.
Roofing contractors are notorious for their entrepreneurial spirit and willingness to take risks. Each and every day they bet on the rain and many other risk factors. Taking on new types of work might be tempting, but diversity may not equate to more profits and success.
