Drilling Business Insights

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This time next year, citizens of Michigan will likely have the legal right to smoke marijuana. Employers here and in other states that haven’t already legalized it need to get ready.

Tony Betts of Betts Environmental has focused on keeping up with the rapid, ever-changing drilling industry by evolving.

March is typically a good traffic month for The Driller. But this March blasted through previous records — thanks to our online classifieds section.

While many people consider the cheapest option to be the simplest answer, the upfront cost should never be the only factor when selecting a water well drill.

Some things take a lot of planning to accomplish. In running a business, like running a marathon, contractors set goals, make plans and execute.

While there is no substitute for experience when it comes to effective water well drilling, business owners can’t overlook the importance of customer service and continued training and education to ensure their operations continue to thrive and meet the changing needs of the marketplace.

The success and longevity of local drilling companies is a sustainability issue of its own and, while many factors contribute to the success of a business, it’s worth seriously considering the financial aspects that have historically led to profitability and growth for contracting firms.

We recently got the results back from our latest email survey, and we found that more than six in 10 contracting firms either strongly agree or agree that the shortage of good help has limited the amount of work they can take on.

Knowing how to read financial statements helps keep you in the black.

Do you know how much debt your business has? Do you know the value of the assets the business has?