How to Start a Construction Company without Experience

Do you want to get into contracting business? Do you want to start a construction company that will be successful in the future? Then you’re right where you need to be. Here you’ll find out every little thing about starting a construction business without experience.

Starting your own company is never easy, but being your own boss is incredibly satisfying. If you’re handy with tools and you know how to build many things, then starting a construction company is a step in the right direction for you. Keep in mind that starting your own business requires a lot of planning, groundwork, and organization. Don’t expect to become successful overnight and you’ll do fine. Let’s take a look at some important steps involved in setting up a small construction company.

Business plan

You simply need to make a business plan. A good business plan for starting a construction company should include timeframes, budget, and other inputs essential for setting up the business. Once you have a solid business plan and you know in which direction you want to take your future company, you can start your business.

Location

Finding a good base for your construction company is an absolute must. Keep in mind that you’ll need ample storage space for storing your tools, equipment, and vehicles. You’ll also need office space for your key staff.

Your office and storage space doesn't necessarily have to be in the same place. Set up your storage space in an industrial zone and your offices somewhere where potential clients will see your company’s name while walking down the street.

If you don’t have a lot of money, consider starting a business in your home. When your business starts growing, move it to a proper office space.

Rules

Every business has rules and the construction industry is not different. Learning the rules and regulations is one of the most important steps. Find out every little thing about laws in your city, state or country and always work according to them.

Get yourself an attorney and let them contact appropriate agencies to find out about the rules. Also, find an accountant right now to find out everything about tax requirements. Doing everything by the book will make you feel much more comfortable at all times.

Equipment

Your equipment is your business, so make sure that it’s in mint condition and that it’s able to deliver good work. Purchase tools such as drills, ladders and saws because you’ll need them for basic tasks, but don’t purchase big machines just yet.

You never know what might happen in the future, and saving money at the beginning of your adventure is incredibly important. You can hire scissor lift, crane and a platform from specialized companies like Preston Hire instead of buying your own.

People

Hiring that first employee is a step in the right direction. In the construction business, you’ll want to hire experienced and skilled individuals who want to work with you and who believe in you. Don’t hire someone you don’t need just because you have a feeling about that person. You must ensure that your employees are able to deliver high-quality work at all times.

Sometimes you’ll even need to hire sub-contractors if a project is too big for you to handle. Make sure that those contractors are as experienced as your workers because any bad results will be attributed to you and not them.

Marketing

Marketing plays a vital role in business. You simply cannot expect to have many clients if you don’t put your company’s name out there. Make a great website that’ll show to any potential customers what exactly your company offers and offer discounts to the first few customers to get your business going.

You cannot build a company on a cracked foundation. Start small but start strong. Obtain all legal permits, get your tools and machines ready, hire people you can trust and don’t expect overnight success. Do your job properly and let your company grow naturally!