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.
Raise your hand if you like profits. I bet everyone has their hands up. But do you really understand what profit is, why you might have losses or how to read an income statement?
It is critical to the health of our team to remember why we are drilling water wells, why we are conducting pump tests, why we are fixated on well development, and why we are insisting that the project be executed perfectly.
RSS
