Tag Archive | "starting a construction company"

3 Things You Need To Build A Successful Construction Company


The construction industry is an incredibly lucrative and fairly safe industry to get into. Even in tough economic times, there are usually opportunities for construction companies and if you can expand enough to start landing those big contracts, you stand to make a lot of money. But starting a successful construction company is easier said than done, especially when there is so much competition out there. It’s going to cost a lot of money to start your own construction company so if you get it wrong and the business ends up failing, you could land yourself in some serious financial trouble. To stop that from happening, here are some of the main things you need to consider when you’re starting your own construction company.

Safety

Health and safety is a concern in any business and it’s up to you as the boss to make sure that you’re creating a safe work environment. That’s not too difficult in an office setting, for example. But on a construction site, it’s a lot harder. You’ve got all sorts of dangerous equipment lifting incredibly heavy loads. There is a lot of hazardous chemicals to deal with as well so there is a huge list of health and safety regulations you’ve got to stick to. When you’re first starting out, it’s best to get some help in this area. There are some great companies like Ranger that offer good safety equipment and they’ll also be able to carry out inspections to make sure that everything is in good working order and you’re not breaking any health and safety rules. If somebody gets injured and it’s a result of poor safety on your part, you’re going to be in a lot of trouble.

Sustainable Materials

There is a huge focus on sustainability as people are more concerned about their impact on the planet. That’s why sustainability is important in all businesses, but particularly construction. A lot of public projects also have very strict guidelines about their impact on the local environment. You need to focus on using sustainable materials and building methods in all of your work. If you don’t, you’re going to get overlooked in favour of other companies that have a stronger focus on sustainability.

Core Customers

The best way to build a construction business that works is to focus on a core group of customers to start with. Word of mouth is one of your best marketing tools, especially when you’re first starting out. That means you need to offer a great service and, most importantly, get the work done in a good time frame. If you keep taking on loads of jobs and you don’t have the manpower to get them done in a reasonable time, your customers aren’t going to be happy. They’re not going to recommend you to their friends and they certainly won’t use you again in the future.

Remember these 3 key things when you’re trying to start your own construction company and you’ll be a lot more successful.

Posted in Business & Finance, Money, PropertyComments (0)


  7 Reasons to Subscribe

Subscribe via: (Email / RSS)