4 Things Your Construction Business Must Have

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There are four things, in particular, that construction businesses and owners must do and have in place to succeed. Put these ideas into practice and you’ll be on your way to building a stable company that will thrive now and well into the future.

As a new small business owner and entrepreneur, you likely have a lot of questions and thoughts floating around in your mind. While it’s good to be curious, it’s also wise to focus your time, energy, and resources on a few areas that matter the most. These ideas and suggestions will help you know what you should be doing and what your business must have to succeed.

1. Access to the Right Tools & Equipment

Since you’re in the business of construction and building then you’re going to need access to the right tools and equipment. For instance, if you’re installing new roofs then it’ll help to have a waterjet mixing tube in place that will allow you to use your water jet cutter to cut your roofing materials as you need them. There are certain tools and equipment you can lease and use as needed and others you’ll want to buy and have onsite and ready to go for your workers.

2. Satisfied Clients

If you’re going to succeed in the construction business then you need satisfied clients and customers. Word will spread quickly in this business if you make a lot of mistakes and errors. You need people to be pleased with your work so that they spread the word about your business to their friends and family. Encourage those who are happy with your projects and work to leave positive reviews and recommendations for you online so others can see what it’s like doing business with you.

3. Open & Honest Communication

You may encounter surprises or setbacks when working in the construction business. You must be open and honest in your communication and not hide any information or delays from your clients. Be proactive and address issues and challenges as they arise before they snowball into larger problems. Your clients and workers will appreciate you not trying to hide information from them and being honest about where each project stands and when it will be complete. It’s in your best interest to document details about each project and get your customers to sign off on a contract and agreement so you can do your best to stick to the timeline.

4. A Plan or Future Growth

Another thing your construction business must have is a plan for future growth. You need to be prepared to be successful and be able to take on new and more clients as you find them. It’s possible that you’ll perform so well that you’ll have an influx of new jobs come your way and you’ll want to be staffed appropriately and have enough equipment to go around. Follow a business plan and include details for growing the business and what you’ll do when it comes time to take on more work.  

Lisa
Lisa Besserman, Founder and CEO of Startup Buenos Aires, has been named as Business Insider’s “Top 100 Most Influential Women in Tech”, and the 2014 “Business Innovator of Latin America” by the Council of the Americas.
Lisa moved to Buenos Aires from New York City to create Startup Buenos Aires, the organization that represents the startup, tech and entrepreneurial community of Buenos Aires, Argentina.
Startup Buenos Aires has been one of the main catalysts for strengthening the tech ecosystem in Latin America, by bringing global startup initiatives, development projects and investment opportunities to the region.
Under Lisa’s leadership Startup Buenos Aires has been credited as “Top 3 Growing Startup Cities” by CNBC and “5 Emerging Global Tech Hubs” by Entrepreneur Magazine.

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