How will you start your construction company?
For starters, let’s break down what it means to be a construction company.
You can build a construction company that is as big and broad or as narrow and specialized as you want. Typically, the industry is considered to have three main sectors:
Buildings: residential and non-residential (including institutional and commercial)
Infrastructure: also known as heavy engineering, heavy/highway, or heavy civil, and usually encompasses large-scale public works projects, highways, roads, bridges, dams, utilities, and water/wastewater systems
Industrial: typically includes mills, power generation, refineries, chemical plants, and manufacturing facilities
Factors to consider:
Here are factors you’ll need to consider when deciding the scope and niche of your construction company. Throughout this startup guide, we’ll discuss each in more detail.
What are your skills, and what field do you want to go into?
What is the current construction company landscape in your area? Who are the major players?
Where are there opportunities for a new business to grow and succeed?
Who are your customers? Who will you be marketing to, and who will be paying you for your services?
How will you finance your company?
What legal, trade, and regulatory requirements will you need to meet and adhere to?
Where will you set up shop? How much space will you need for equipment, meetings, and office personnel?
What vehicles, small equipment, and heavy equipment will you need to rent or buy? What tools or other materials will you need?
What will you do yourself, and what tasks or site labor will your hire or subcontract for?
What will you need in your business plan?
For starters, let’s break down what it means to be a construction company.
You can build a construction company that is as big and broad or as narrow and specialized as you want. Typically, the industry is considered to have three main sectors:
Buildings: residential and non-residential (including institutional and commercial)
Infrastructure: also known as heavy engineering, heavy/highway, or heavy civil, and usually encompasses large-scale public works projects, highways, roads, bridges, dams, utilities, and water/wastewater systems
Industrial: typically includes mills, power generation, refineries, chemical plants, and manufacturing facilities
Factors to consider:
Here are factors you’ll need to consider when deciding the scope and niche of your construction company. Throughout this startup guide, we’ll discuss each in more detail.
What are your skills, and what field do you want to go into?
What is the current construction company landscape in your area? Who are the major players?
Where are there opportunities for a new business to grow and succeed?
Who are your customers? Who will you be marketing to, and who will be paying you for your services?
How will you finance your company?
What legal, trade, and regulatory requirements will you need to meet and adhere to?
Where will you set up shop? How much space will you need for equipment, meetings, and office personnel?
What vehicles, small equipment, and heavy equipment will you need to rent or buy? What tools or other materials will you need?
What will you do yourself, and what tasks or site labor will your hire or subcontract for?
What will you need in your business plan?
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