Opening a Business
Opening a Building & Home Construction Business
We've collected some good advice that is ideal for those of you who plan on opening a building and home construction business. Read this article before you start!
Thinking about opening a building and home construction business? We tell you what you need to know to get started.
Writing Tips for a Building & Home Construction Company Business Plan
We know - writing a business plan can be a daunting task for a new entrepreneur.
But here's the good news: With a few tips, any entrepreneur can create a successful plan for their business. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
When you compose a business plan, you formally document the rationale behind your entrepreneurial vision. The information in your plan (and your rationale) are essential for lenders, investors and other people who have a stake in your company.
Before you begin, we recommend reviewing a few sample business plans.
Take a Look at Competitors
Prior to opening a building and home construction business in your town, it's a good idea to see what the competition looks like. We've provided the link below to help you find competitors near you. Just enter your city, state and zip code to get a list of building and home construction businesses in your community.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
If you are seriously contemplating launching a building and home construction business, it's a wise move to have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
On the other hand, an individual who has a building and home construction business in a location that is not competitive to you will be much more likely to talk with you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.
How do you find an entrepreneur who is running a building and home construction business in a different locale who can assist you?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Purchasing a Building & Home Construction Business
So you're seriously considering buying a building and home construction business rather than starting one from scratch. Smart move. But as a building and home construction business buyer, you'll quickly discover that a business purchase isn't completely hassle-free.
As you would expect, there are a number of steps in buying a business. To stay on track, you'll need to enlist the services of a business broker.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Is Franchising the Right Option?
If done right, a small business startup takes months and months of preparations just to lay the groundwork for the first day of business.
That makes franchising an attractive alternative to traditional business startups. Today's franchises make it easy for young business owners to start their companies on solid footing and include a broad range of opportunities that can be found in our construction franchising directory (see link below).
Entrepreneur Interviews
These interviews should be of interest to you.
- Interview with Julie Eaton, Founder of Eaton Realty Advisors, Inc.
- Interview with Ann McGuire, Founder of Ann McGuire & Associates
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These additional resources regarding starting a business may be of interest to you.
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