Business Plans For Construction Companies

Business Plans For Construction Companies-75
Complete a balance sheet, income statement and cash flow statement for the construction business.

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Include the number of workers your business will need, along with the hourly pay of the worker.

Ascertain if your employees will be union or nonunion laborers.

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Identify the terms of the bond insurance and the base fee that will apply to those policies.

Identify if your business will use employees, contractors or a combination of both.Define the strategies that your construction business will use to capture and maintain your customers.Include your selected advertisement methods and costs, along with retention strategies, such as quality, exclusive designs and competitive prices.List the costs and delivery methods for each item, as well as the names and contact information for those businesses.Show the steps and costs that your business will incur to obtain permits and licenses that are needed for each contract.Provide information on any applicable warranties or insurance policies that will cover potential damages or maintenance requirements.Complete a personal financial statement for each owner of your business.Identify your construction business’ major competitors. Explain the steps and strategies that your business will use to compete with these businesses and overcome the strengths of those businesses.Focus on products and services, as opposed to prices as price wars can be costly and risky.Make a list of the tools and equipment that your construction will require to complete its contracts.Identify whether the equipment is rented, leased or purchased and include the costs for each item.

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