BOWMAN'S MONEY COLLEGE - FINANCIAL EDUCATION WITH STRATEGIES TO SAVE MONEY

Diamond Construction in Plum carries hammers, saws and SERVICE in their toolbox!

Diamond Construction in Penn Hills is a home improvement and repair company that has built success on word of mouth referrals, attention to detail, and service.Recently, Rich Hubner, who owns Diamond Construction in Plum, Pennsylvania along with his brother Doug, sat down for an interview with Bowman’s Money College. When researching this successful home improvement and construction company you may initially think it is run by forensic scientists. Why? An incredible focus on detail. To hear it from Rich Hubner, business success and customer loyalty in the home remodeling industry are built on service that is comprised of quality and value. It is the Hubner’s dogged attention to the details, that ensure value and a quality job, that make Diamond Construction sparkle today. However, as with so many small business success stories, things weren’t always so good.

Before the diamond gleamed.
As Diamond Construction opened for business in 1991 you would have thought a lump of coal was a more appropriate logo than a diamond. With little money and no assets the original four partners scraped up $200.00 each to get the business going. Each partner owned only basic hand tools, but more importantly they had ability, a strong work ethic, and a desire to build a better business.
Getting started was hard. The Hubners had previously been working for a construction company, but like true entrepreneurs knew they could do things better. Money was tight and Diamond Construction had just dipped their toe into a competitive sea of handymen and contractors. In order to cope they kept their personal living expenses to a minimum, and focused on attracting more customers.

Getting the word out.
Rich says that Diamond Construction’s clientele was built on word of mouth referrals. With only limited resources to work with, expensive print and traditional advertising were out of the question. Happy customers, who shared their experiences with others, is what drove home improvement business to Diamond. This is a key success factor that continues to be evident at Diamond today. A quick internet search reveals many 5 star referrals for Diamond Construction.
Word of mouth referrals still make up 80% of Diamond’s business. However, Diamond Construction does have a new advertising tool. Their website, launched two years ago, has dramatically changed how Diamond Construction gets their message out. Not only does it cost much less than traditional advertising, but it allows much more flexibility. With plenty of before and after pictures, the website makes it very easy for potential customers to see with their own eyes the quality of work the craftsmen at Diamond produce.

Building the Diamond Construction identity.
Diamond Construction in Penn Hills is a home improvement and repair company that has built success on word of mouth referrals, attention to detail, and service.It was interesting to learn that the Diamond logo was not always a gem stone! There were originally four owners, and Rich wanted a four point shape in the logo – one point representing each owner. The logo was a baseball diamond, but Rich wanted to use a pyramid when one of the original four owners left. One problem. Everyone was talking about the pyramid schemes reported in the news back then and Rich certainly didn’t want any negative connotations hanging on his logo! So the baseball diamond became the diamond gem stone we see today.

A logo helps make a small business more recognizable, but in Diamond Construction’s case it is the quality of their work that has built their identity. One point that makes Diamond stand out is their ability to charge affordable prices without cutting corners.

In February 2010 there were historically brutal storms that damaged hundreds of homes in Plum, Penn Hills, and the surrounding area. The State Farm insurance adjusters visited many of those homes and viewed just as many contractor quotes. One of those adjusters stated to me that the quote from Diamond Construction was a “very good deal”. Hearing that from an insurance representative who reviewed hundreds of quotes tells you Diamond’s pricing stands out.

So you want to be an entrepreneur?
Rich says there are freedoms that come with owning your own small business. For example, Rich has the opportunity to help design home improvements for customers; something he is passionate about. He loves “creating characteristic” for his customers’ homes. With over 20 years of experience running a small business, Rich had many insights to offer those wanting to start their own small business.

Small Business Lessons Learned From Diamond Construction In Plum

-Communication: Service isn’t just a nice word to put in your advertising. Distinguish yourself from the competition by communicating with your customers openly, honestly, and frequently.
-Be Different: Be different than your competitors. Diamond is different in that they don’t dictate solutions; they give advice.
-Team: Hire and work with competent and reliable people. Remember, they are representing your company.
-Patience: You have to have patience. Things will not always go your way. If you can not handle that you will not make it.
-Work: Be prepared to put in extra hours. Being a small business owner requires more than full time hours.
-Unique Problem Solving: Some problems can be deceiving. Have a plan for when there is much more business than usual.
-Prepare For Challenges: Challenges will be a consistent part of running a business. Recent challenges for Diamond Construction’s have been a poor economy coupled with more government regulations
-Quality: Don’t cut corners. Your long term success depends on quality work that encourages customers to tell others about you.

You can read more about Diamond Construction at their website.

Do you have a “skill turned small business” success story? I would love to hear from you. Email your story to mike@bowmansmoneycollege.com and you may be featured in this weekly column!

 

Owning your own micro or small business is the best way to reduce your taxes and generate additional income for yourself even if you are still working for someone else. Do you have a skill or idea that could be a business? Getting started and knowing how to keep the business running are hurdles many people need help with. The profiles provided in this section of BowmansMoneyCollege.com give advice and lessons from small business owners, some of them still employees of someone else, on the things they believe will make your small business venture more successful. Read more small business profiles here.

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"Bowman's Money College, Penn Hills - Turning  poor into more"

Bowman's Money College, located in Penn Hills, is published to provide personal insights and opinions on saving and managing money, budgeting, and reducing debt. Also provided are ways to start a small business, decrease your tax liability, and build wealth. Bowman's Money College does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the author based on his personal experiences. 412-376-SAVE © All rights reserved. Contact at LinkedIn.