In a post-pandemic world, many industries have taken drastic hits, while others have brought on major changes to survive the widespread economic downturn. Against this backdrop, the success rates of many emerging construction startups have skyrocketed.
It’s no secret that the construction industry is notorious for its slow pace when adopting new technologies and investing in research and development for its field. And yet, despite the economic uncertainty the industry faced in 2020, construction startups were some of the quickest to adapt.
When learning about what it takes to overcome situations as dire as what happened last year, there are a few key factors to consider. Apart from things like skill-building and emotional intelligence, on a larger scale, the successes of this field possess a cross-functionality that provides valuable insight to many fields.
So what can we learn from businesses getting their start in an industry that is so averse to change?