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Which ISO Certification is Required for Construction Companies?

  • Written by NewsServices.com

The construction industry in Australia is one of those few industries that have maintained steady growth, even in the face of the pandemic. The sector focuses on demolition, renovation, construction, repair, and maintenance of buildings and other infrastructure around the country and contributes to more than 9% of Australia's annual GDP. Impressive, right?

To put things into perspective, here’s a figure you’ll not be able to ignore. The construction industry generates more than $360 billion in a year, and it is likely to grow at a steady 2.4% rate over the next few years! So, if you are starting off as a new player and dream of making it big in the land down under, NOW is the best time to up your game.

With so many competitors, it is very important to maintain global work standards and also have certifications to prove the same. The ISO 9001 certification Australia is one of the most important ones to bag if you want to grow in the industry.

But, Can't Customer Testimonials Or The Actual Construction Site You Built Be Enough Proof Of Quality?

As much as you want that to be the case, ‘quality’ is a complex term that varies from person to person. So, while your favourite client might be really happy with your services, to truly grow as a brand and become the number one construction company in your area, you need globally accepted certifications to prove the quality of your work.

Worried about the ISO 9001 certification cost Australia? Or how do you go about getting one? Worry not! Read on to find out everything you need to know about the latest (and most important) ISO certifications for construction companies in Australia. Happy reading!

Why are ISO Certifications the Gold Standard for Quality in the Construction Industry?

Before moving on to the most beneficial certifications, let's discuss why ISO certifications are all the rage in the construction industry.

The answer is pretty simple. Here are the top four reasons you should get your ISO certification today:

  • ISO certifications prove that a construction firm is operationally efficient

Since these certifications test a company on very stringent grounds, if you have a certificate, it shows you can safely undertake a project and deliver the highest global standards of work.

  • If You Are ISO Certified, It Means That You Maintain The Highest Safety Standards.

In addition, any good construction company must give the utmost importance to the safety of its employees and work process. A valid ISO9001 certification proves just that.

  • ISO Certifications Help Enhance Output And Improve Reputation

As mentioned before, with the industry growing at a steady pace, there are more and more service providers entering the already saturated market. To make a mark, it is vital to offer more than just decent value for money. ISO comes with guidelines on how to ace customer service and increase productivity at work.

  • ISO Certifications Make You Eligible to Higher Investments and Bigger Tender

One of the more direct, short-term benefits of getting an ISO certification is that non-ISO-certified companies can’t bid on high-value projects like MNCs, Government tenders, etc.

Thus, investing in an ISO certification is one of the wisest investments for any up-and-coming construction firm in Australia.

Different ISO Certifications and What They Entail

Since the construction sector has multiple segments (contractors, architects, designers, engineers, vendors, etc.) across different sectors like military, government, and private, there are various certifications depending on the nature of your business.

  • ISO 9001: It is the gold standard of quality and the most common ISO certifications worldwide.

  • ISO 14001: It deals with the global standards for environmentally safe and sustainable work processes.

  • ISO 50001: It refers to the internationally accepted standard for optimum energy utilisation.

  • ISO 45001: It is the global standard for health and workplace safety and is a replacement for the OHSAS 18001 certification.

  • ISO 44001: It entails the global standards for a collaborative working environment.

Summing Up

To become a key player in Australia's ever-growing construction industry, it is crucial to get an ISO certification. Choosing the right consultant is one of the most critical steps, as it can make or break the deal for you. At Edara Systems, you not only get a team of experienced certification trainers to train you on the essentials but also get a trusted partner to help you sail through the entire application process hassle-free.

Here’s hoping you found this blog insightful and after reading this, you are one step closer to getting your ISO certifications.

Top 10 Factors Start-up Investors Are Looking for in 2021-22

  • Written by NewsServices.com

Let's face it, investors are fundamentally different from lenders, and startup owners need to know how to provoke investors in funding in their business plans. Unfortunately, sparked by the COVID-19 pandemic, it may be hard to build a better mousetrap that catches the interest of investors.

While finding someone to invest in seems more complex, we need to look for characteristics that investors check when making an investment decision. Knowing what investors are looking for in 2021–22 can help you improve your pitch and at least have some idea of what direction to take when you need to pivot.

So, let's step into the investor's shoes and evaluate some key factors from their perspective and look to grow your business with proper funding.

Showcase returns on your investment

To hit all the points for potential investors, you need to showcase your company's best points and give them a better advantage on their investments. In addition, you need to demonstrate how your business will make its money and woo each prospective investor in a way that piques their interest.

Anoint a Chief Evangelist

With the help of a chief evangelist, inspire the investor to show your startup become something bigger than what it is. Then, with the inspiration of Wealth Dynamics, believe in your company and provide the kind of company culture that wants to make history and change the world.

Be a problem solver

Any investor, before investing, checks on the potential of your business idea. Is your startup idea fundamentally lending as a solution to any problem? If they identify with something that can be a selling point, then there is nothing stopping and grabbing the attention of investors. Then you are on to a winning idea, and your idea has the potential to attract worthwhile investments.

Have Passionate Entrepreneurs with Skin in the Game

Investors are always searching for passionate entrepreneurs who have a background in entrepreneur profiling and have successfully passed entrepreneur assessments. They look for someone to fund who has a passion for it and belief in it.

Get Traction

Having traction for your startup demonstrates as proof to show investors that the product is already on the path to success. Being able to show that the market is already engaging with your product is a selling point, and it means most of the work for your success is already done. In addition, it indirectly encourages investors to seriously consider funding the platform and add real value to it.

Check Market Size

A startup in a growing market requires entrepreneurs to adapt to the personality test and profile test that can add much more promising success to your company profile. Not every product will have a significant reach that can incorporate economies of scale and attract investors. So, check your market size and plan the correct type of startup.

Identify Product Differentiators

When entering existing marketplaces, find a product or service that is first to the market. Then, prepare a business plan for a real business idea and explain why they should invest in your company. If you can't differentiate yourself, you can't guarantee success, and there's no reason for your startup to perform better than others.

Choose Team Members and Delegate Wisely

Having a personality test for entrepreneurs enable one to delegate your team members the right tasks. In a startup with limited staffing, it isn't easy to cover the most critical areas. With an entrepreneur personality test, one gains the confidence to know the operating policies and procedures. Thus, it builds confidence among investors and comforts them to have team members with expertise to oversee their area of operation.

Have a Sound Exit Strategy

Going into a startup and planning how to get out of it will allow you to keep better track of your financial performance. Investors need this financial projection on their return-on-investment so, always prepared with monthly level detail. When investors see a return and a well-defined exit strategy, then they can assist with building out a financial model and put you in a better position.

Get the X-factor

As an entrepreneur, be authentic in your business idea as this can help you associate with your investor in a better way. Be professional when talking with investors to know the significant common ground between both parties.

Summary

As we can see from above, an investors' role can be excellent for any startup business. You will get a reliable source to build a strong business network just by fulfilling your investor's certain expectations. Using the above tips and considering these factors can draw them in and spot future success. With a compelling story and well-thought-out pitch, your company has the potential to know what you're going to do with the money. Moreover, if you want to increase your chances of acquiring investment, then look in the right places by knowing the right traits and riding your startup's elevator alongside the market.

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