Business

Experts Share 3 Tips to Run a Construction Company Successfully

Published

5 years ago

June 4, 2020

Many experts have shared important tips that a construction company owner should keep in mind to run it successfully. Due to the increasing construction across the world, the demand of construction companies and equipment is rising like never before. The major factor responsible for it is the increasing urbanization and high investment by people.

Construction activities are increasing at a residential or commercial level across the world. But the competition in this sector is also increasing on a large scale. According to experts, a few tips need to be taken into consideration by a construction company to remain in profit. Here is the list:

Focus on Renting Over Buying Equipment

According to experts, it is important for construction companies to make use of rental construction equipment services to complete their work. This can reduce the purchasing costs and it can also minimize the repair as well as maintenance costs.

In Melbourne, the rental service, Scoop Hire, is enjoying a huge demand due to the rising construction activities. They have added that renting construction equipment can also reduce the depreciation costs of a company.

Technology Integration

Every construction company should focus on technology integration as it would speed up the entire process of construction. It is important to use drones to keep track of a construction process and an up to date project software should be used to manage work in a proper manner. Automated vehicles can also be used to reduce human costs.

Improve Safety Procedures

In order to provide a workforce with a safer environment, the focus of a construction company should be on improving safety procedures. It would help to reduce accidents and fatalities to provide a safe working environment for every worker.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

2 days ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.