Content provided by a guest contributor.
Being your own boss is the dream for many of us. But it can be difficult to know exactly where to start for.. Well… your start-up. In the construction industry, you will need to look at aspects such as acquiring permits, investing in mobile cranes, or a hydraulic crane, depending on your project types and staff training needed.
If you are looking into hiring a mobile crane you should know which one to choose. For example, there are options such as the truck-mounted crane, rough terrain crane, as well as mobile cranes. Crane hire for a construction start-up is vital, as it can save you money and ensure you are always up-to-date with equipment. But there are other steps in the process of starting a construction business to consider, so keep reading.
Build up a business plan
Working in construction means that you always have a plan to follow. And the same can be said of starting your own business. You will need to build up a business plan, not only for yourself but for any financing you might be taking out. Your business plan will give clear guidelines about your budget, monthly costs as well as an outline of what you will be doing as a business.
A business plan should start out with a budget and should include any and all heavy construction equipment you might be purchasing. You should also clearly outline how you will be repaying the loan as well as what you plan to do if you have to wait for projects to come in. By starting with a business plan, you can refer back to it and continue to work from this to ensure your success.
Register for the right permits
Once you have built up your business plan, you will need to work on getting the right permits in place for your business. One of the steps you will need to take includes registering your start-up with the Companies and Intellectual Property Commission (CIPC). This will ensure that nobody else can use your business name, logo, or branding.
You will also need to register with SARS for VAT and income tax, as well as registering with the Department of Labour for Unemployment Insurance and for the Compensation for the Occupational Injuries and Diseases Act (COIDA). This will allow you to get the right permits in place and make your business a legal entity.
Find business premises
Now, you might be fine working from home for the first few months, but once you start growing and acquiring more construction equipment like mobile cranes you will need to have larger premises for your business. You should look for a building or property that has adequate office space as well as enough storage space for your equipment.
Your property should be located in an easy-to-find area where clients can see your branding and where you can go easily to and from projects. There should also be ample parking space for both employees and clients. Having professional business premises will legitimise your business in the eyes of your clients and will help you to build your business from the ground up. It will also improve the morale of your employees if they have a pleasant workplace to go to every day.
Hire your equipment
Once you have found the perfect location for your business, you will need to look into hiring construction equipment. One of the first pieces of equipment that you should hire is a mobile crane. This is because they are often only used on a per project basis and can become expensive to own if you are not using it every day.
You can hire other pieces of construction equipment, such as graders, articulated dump trucks, and diggers. By choosing to hire the equipment, you will be saving money on maintenance and service fees as well as storage space. You can use this money on other important aspects of your business, such as marketing to clients and training your staff in new equipment. Hiring equipment also ensures the safety of your employees, as the machines will be professionally maintained at all times.
Start the business of your dreams
A construction business can become highly lucrative if it starts off on the right foot, and if you have all of your ducks in a row from the get-go. Start by building a business plan and registering for the right permits and legal issues. You should look for business premises that are easily accessible to the public and ensure that you hire the right equipment for the job. Soon enough you will find your business booming.
The content in this article was provided by Rogerwilco – a South African marketing agency based in Cape Town.