How to Start a Building Business
Building companies work with clients from the early stages of drafting blueprints for various types of construction projects to building the finish product. If you are starting a building company, you must first write a business and marketing plan, secure financing and set up an office and website. Be knowledge about your state's requirements for running a construction business. Determine if you would like to build commercial, residential or custom buildings and create your business around that vision.
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Instructions
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Develop a business plan. The plan should outline your company's goals, corporate structure and how you will secure financing.
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Obtain the necessary permits and licenses from your state professional licensing committee or board. Most states require you to register for a license with a builder number.
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Secure financing. Obtain capital from cash, personal savings, credit cards or loans. Choose a real estate agent, title and abstract company along with a bank in which you can do transactions with regularly. Open three business checking accounts to start your business; one for interim funds, one for operation expenses and one for tax holding.
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Join builder associations in your state. Typically, this is not required to start your business, but it does provide you with ample marketing and networking opportunities to heighten your client prospects and credibility.
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Purchase land to build model homes, so that investors and customers can see your product and services.
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Create a website for your building business. Advertise your new business on your website, in local newspapers and on TV and radio commercials. Advertise your company's ability to do custom builds, if applicable.
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Tips & Warnings
Business regulations and laws vary from state to state. Hire a business attorney to assist you.
