Start a business in the Construction Industry. Make sure your building and construction business will be a success by researching whether it fills a gap in the market where demand outstrips supply, and whether the idea has a future. Offer something different to similar businesses operating in the industry, such as lower price, more personal service, or offering complimentary services in addition to your building and construction company, such as
- Project Management
- On-site training (job creation through skills training)
- Real Estate Developer
- Quantity Surveyor
- Landscape Developer
- Electrical Contractor
- Plumbing Contractor
- Rubble Removal & Recycling
Find out how many people need your product or service and what they are prepared to pay for it. Identify what your competition offers, understand the trends, opportunities and current challenges facing business owners in the building industry. Conduct a skills audit to determine whether you need re-training in certain areas and if you qualify for mandatory licences, registrations and permits. Join relevant associations or industry groups to advance your knowledge, network with other contractors active in the industry and to grow your relationships with suppliers. Consult with an Attorney to create and implement building contracts, HR Policies, Government services, submit tenders for Government work, and protect your intellectual property. You may want to employ apprentices to learn unique designs and processes offered by your contracting business.
Running a construction company involves finding business assistance, working on joint projects with sub-contractors including plumbers, electricians, and engineers; quoting for work, project management; managing staff, contracts, and growing a customer base to continually expand the business. You would do well to employ an accountant.
Contact Theresa (firstname.lastname@example.org) to create a Business Plan and Company Profile.