Construction start-ups: how to ensure successe tips, Online property help, Building guide
Construction Start-Ups: How to Ensure Success from the Get-Go
24 June 2021
Starting a construction company is a huge venture, but if it goes well, it can also be extremely rewarding and lucrative. You’ll need to get a few things right in the beginning to ensure success, though. Here’s how to make it work.
Create a Business Plan
Before you dive into the business of construction, have a laid-out plan to follow. What is your budget? Who is your target audience? By knowing your goals, you’ll have a better chance of finding success. Plus, it’ll help you secure additional finance if you should need it.
Use the Best Equipment
When starting, you might be tempted to use cheaper materials in order to afford everything, but this is where you would go wrong. Rather than try to take on too much using cheaper equipment, focus on finding a select few jobs and using the best equipment you can afford. That way, you’ll earn a better reputation without having to waste money on equipment you won’t later use. Boels tool hire comes in handy here, as it has quality equipment for great rental rates.
Offer Flexibility with Jobs
As a construction start-up, it’s beneficial to offer flexibility with the jobs you perform. That means, if a customer requires some plumbing work along with their drywall installation, offer that service to them, too. Not only will it bring more money to your business, but it’ll also increase your reputation.
If a job requires equipment that you don’t usually use, you can always hire the tools. If you need a ladder, for example, use Boels ladder hire to get the job done without hassle.
Focus on Customer Service
Customer service is an essential part of construction work. So, as well as talented hands and leadership skills, you must also possess excellent communication skills with customers. Be available as often as possible, keep a professional tone, and communicate openly throughout projects in order to impress everyone you work for.
Increase Your Online Presence
Marketing is another area you need to focus on to grow your construction business. So, build both your brand image and your online presence by getting on Facebook, starting an email list, and creating an attractive and informative website.
Build a Talented Team
The team is the most important part of a construction business, so make sure you hire talented, intelligent, and easy-to-work-with individuals who make your company shine. To do this, you should meet candidates in person, ensure they have the proper certifications, and where possible, ask for feedback from previous jobs.
You don’t need to take on hundreds of clients in the first few months of your start-up. In fact, it can be even more lucrative to start small and not spend too much money on equipment and materials. So, instead of focusing on building your client list quickly, focus on delivering a high-quality service every single time. The growth will naturally follow!
Getting started is the hardest part. Once you have a solid construction business with a talented team, you can then focus on growing the company even further.
Once your business is established, you may want to get your own project underway and buy or build a home for yourself. Getting a mortgage when you are self-employed may be daunting, but lenders can assess your income in different ways even after 1 year of trading, so seek specialist help from a broker familiar with company director mortgages.
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