Tips everyone should know before starting construction work

Starting a business is not an easy task. It takes time, energy, dedication, and an unlimited amount of patience.

When that business is a construction company, things may seem a little more complicated. There are countless things you need to consider before starting work – many of these considerations may not have been addressed yet.

Fortunately, we know a thing or two about contracting companies. Check out the following eight tips you should keep in mind before starting your own construction business.

Sign up for Lead Generation Services

As a new construction company, you want to find clients and you want to do it quickly. Before your company is up and running, you should have planned how to generate leads.

A sure way to find these projects is through lead generation services. Here at I AM Builders, we offer that help. With clients nationwide, we can conduct the research necessary to find potential clients for your new construction business.

Along with potential clients, you should be prepared to provide estimates for projects. Clients need to get an estimate, so they can choose the right construction company for their project.

The more accurate your estimate, the better your future. However, when the opposite is true, you will suffer the consequences.

If you overestimate, you may find it difficult to win a bid on a project in a competitive field. Underestimating costs can cause financial hardship for your business and your client.

By letting I AM Builders perform your estimates, you get assurance that you’ve got experienced estimators who can come up with estimates within 1% of the final construction cost. Estimating is one of the most important parts of running a construction company.

2. Correct all your legal issues (permits, certificates, licenses)

As your construction business prepares to begin, you want to create an atmosphere of professionalism and organization. To do this, you must be well aware of all the regulations and laws that must be followed.

You must remain prepared at all times with the appropriate certifications, permits, licenses and registrations. Since all of these regulations change by city and state, you need to be on top of everything from the beginning.

Hence, you will be well prepared for any project when it comes along.

3. Decide whether you want contractors or employees

Once you become a business owner, it means you become a business owner. Who will you hire? Do you want full-time employees, contractors, or even freelancers?

Each method has different advantages and disadvantages. Being a full-time employee means that you are always ready for a job, but it also means that you have set salaries that can impact your company’s profits.

Hiring freelancers may seem attractive because you only pay for the amount of work that is completed. However, it can be difficult to keep up with work hours and stay in compliance with laws directed by the Department of Labor.

Likewise, contract workers can prove useful because you only have them on the books when you need them. The downside is relying on having a good supply of contract workers for each project.

4. Create a marketing budget

Running a business requires advertising and marketing. You’ll need tags, a logo, a website, and maybe even social media accounts. On top of that, you’ll likely need to create business cards, brochures, and even physical portfolios.

All of this costs money and takes time. This is something that should be established right from the beginning – ideally with marketing professionals.

Running a business requires advertising and marketing. You’ll need tags, a logo, a website, and maybe even social media accounts. On top of that, you’ll likely need to create business cards, brochures, and even physical portfolios.

All of this costs money and takes time. This is something that should be established right from the beginning – ideally with marketing professionals.

5. Choose a construction management software system

When your business finally launches, you will have to use software in all of your projects. Using construction management software allows your business to run smoothly with as few unexpected hiccups as possible. While there may be many options, you should take the time to dive into each option.

Without a thorough understanding of the software, you will encounter headaches along the way.

Take the time to choose the right software for your business, and train yourself and any full-time employees you have.

6. Choose a business model that matches your strengths (build your niche to stand out)

Comprehensive business models are the key to any successful business. The same applies to construction work. For example, perhaps your business plan is to target construction projects in real estate developments, office buildings, etc.

Your business plan details your goals and includes steps toward achieving those goals. The more comprehensive your plan is, the better.

7. Don’t underestimate the importance of top-notch customer service

As you start working on projects, successful completion is not the only thing you need to focus on. You want your customers to have a good experience working with you. With the right customer service skills, you can build a reputation you can be proud of.

Furthermore, with this high-quality customer service, your brand will naturally spread through word of mouth.

Focus on excellent customer service, and you’ll reap the benefits.

8. Brand awareness network to generate leads, find vendors, attract talent,

And more!

A successful business is one that has an extensive network. Your construction business must have connections in all the right places to thrive.

Open accounts with suppliers and get to know other contractors, you never know when you’ll need some last-minute help. You should also be aware of other professionals such as building inspectors.

The wider your network, the better off you are. You’ll have more opportunities to find projects, hire talent, and much more.

conclusion

When you start your construction business, be diligent and methodical in all your planning. The more you dig into the weeds of all the nuances of construction, the more you will find what you need to do.

If you want more help with your construction business, sign up here to receive a free proposal form with precise details that can help you get started on growing your business.