Do you fancy a new career? Think you’ve had enough of the industry that you’ve been in for the past few years? Well, a change would do you a world of good as it gives you the chance to refresh things in your life and start again. Now you just have to think about which industry you want to work in. If your main focus is to make quite a bit of cash, you might want to focus on the construction sector. Even though this industry saw a huge wobble back in 2007 when the worldwide financial crisis took hold, it has bounced back remarkably well over the past few years.
It can be quite a difficult industry to get into, though. But if you use these next few tips, you should find that you can get started with a brand new construction company without too many issues.
Find An Experienced Mentor
One of the first things you should do is try to find an experienced mentor who can help you find your feet in this industry. Ideally, this should be an individual who has had their own company in this sector. They will be able to give you useful pieces of advice and should also be able to connect you to other professionals in the industry.
Get Plenty Of Insurance
Next, it is necessary to get plenty of insurance for your company. There are numerous things that can go wrong in construction, and you will need insurance to keep you financially protected. It could be worth getting CIS registration for your company as this will come with lots of insurance perks. If you decide to insure yourself, you just need to remember to take out legal insurance as well as a complete liability policy. It’s also worth insuring all of your employees as well.
Don’t Start Operating Without A License
Make sure that you have the correct license or permit in place before you start operating and accepting projects from clients. You will need the generic business license needed to set up a company, but you will also require a construction license as well. If you also offer other trade services, such as plumbing and HVAC maintenance, then these will need to be licensed as well.
Develop A Health And Safety Plan
You should also work on a health and safety plan for your company. This will ensure that all your employees are working in a safe and secure environment in which hazards and risks are dealt with safely and swiftly. Once the plan has been written up, you will need to publicize it so that all of your employees are familiar with it.
Recruit Highly Qualified Labor
When trying to hire new employees, it’s always best to use specialist construction recruitment firms as these will know exactly where to get highly qualified labor for your company. Look on more generic jobs boards, and you might attract applications from candidates who aren’t particularly suitable.
Good luck with your new construction business!