BDR’s study showed that regularly reviewing financial statements and KPIs is closely tied to optimism, both about business growth and the broader economy.
More than two-thirds (68%) of those in the Gen Z and Millenial generations expressed concern about long-term effects of poor IAQ — more than double the rate of Baby Boomers (28%).
Despite positive revenue trends, more than one-third of commercial contractors (39%) remain focused on increasing net profit margins, optimizing existing processes (39%), and growing recurring revenue (37%).
A sizeable majority of those surveyed said sustainability was important in making decisions about upgrading their homes, and the potential for saving money was the most-cited reason. Concern for the environment was a distant second.