Business Plan For A Construction Company Easiest Book Report
Depending on your location you will need to comply with local codes, The International Building Code or other alternatives.
In general, there are four types of labor in the construction industry: full-time employees, labor brokers, subcontractors, and independent contractors.
This will help you secure funding for your business.
Construction companies require a substantial capital investment to get things off the ground.
The business plan and financial forecast along with the market research will help you lower risk when asking for a loan from banks, VCs, angel investors, and money lenders.
Insurance – The type of construction work you do will determine the manner of insurance policies you need to take out.
As you move through the steps make sure to put it all on paper and move down the list until you secure your first contract.
It will be your actionable checklist that from A to Z, and into the construction industry.
It should contain target goals you want to achieve at a monthly, quarterly and annual level and the milestones that will help you reach them.
Additionally, you should determine costs (overhead, one-time, and variable), and profit goals/expectations, and include them into your financial forecast.