people want to stay and grow. “When employees feel involved, and their ideas are heard, they’re more likely to stay with the company long-term,” Webster adds. CHALLENGES IN A CHANGING MARKET While JD Stairs has enjoyed significant growth, the company is not immune to the challenges facing the construction industry today. Rising costs, particularly for materials and labor, have pressured margins. “Nothing costs what it did two or three years ago,” Webster notes. “It’s not just the materials; it’s also the cost of living for our employees. We need to ensure they can maintain their standard of living while keeping the company profitable.” Gabour emphasizes the importance of data and careful financial management in navigating these 6 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 10
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