3 essential tips for starting your own construction business
- 1 min read
With a staggering 194,000 construction companies trading in the UK, it’s fair to say that it is a pretty normal premise, starting your own enterprise if you have the right industry skills and knowledge.
Even if you are considering a small construction venture you will need to be organised in order to succeed financially and keep your customers happy.
There will be a reason why you wish to be self-employed, and even on the surface level, the money you could earn from being a sole-contractor to start with will be considerably more attractive than working within a larger outfit.
However, you will need to have a solid, robust business plan outlining each part of your new enterprise and the road map of where it should go.
This should be a document that you spend a lot of time on creating and should be a constant point of reference as you launch your company, and through your first few years of operation.
Forming your own business comes with a range of financial challenges that prove too challenging for most business owners – hence why they invest in hiring a trustworthy financial adviser.
How can you find a person with the right skills who you can trust? Well the internet is pretty reliable these days for finding someone local who you can meet with and get a feel for. But beyond that, why not ask some of the contacts that you’ve established in the construction industry throughout your career? Asking them who they use? If anything they will be flattered that you’ve shown trust in their judgement.
Being such a physical, tool-based role, it’s likely that you’re going to have a large inventory of equipment. Avoid having to replace left behind or misplaced items by organising your kit into a checklist. Before every site visit – check out all of the tools that you have taken with you, before checking them back in when you get back home or back to your office.