Q&A for How to Start a Construction Company

In most places, all you really need is a contractor's license and insurance.

Plan ahead before you get started! Put together a business plan where you flesh out your vision and develop an operating budget to figure out your expected expenses for the first year.

Yes if you have the brains and patience in reviewing each contract, then you're golden. You obviously already have the muscle but also don't forget to familiarize with the tools and people of you desired hire you might learn a few things from them.

No. But in order to put your business on websites, you'll need proof that you're competent. People will leave bad feedback if you're not and word gets around online and by mouth.

You have to do something different from another construction company, like advertisements through newspapers, TV, etc. You can also do marketing through grand openings, etc.

Hire a experienced construction laborer to work for you. Work alongside him so you can learn the trade as well. Later on maybe you can become the full-time supervisor of your company, or you can just invest in a company and hire employees.

Accent what makes your company better than the other ones out there.

Not exactly. You make money by delivering the project as agreed at a lower cost to your company than you get paid by your customer. (You do need to have skills, but don't get caught up thinking you need every tool available up front).

Start out small by picking up odd jobs in the off hours of your normal job, simple things you can get done in a day or two. Keep all the money you make on these side projects separate from your normal income and use that as a starter fund for your business.

Think about every detail of your business, including legal fees, equipment and paying employees.

Yes you can, if you have enough money for buying land and starting your construction site.

Post ads online and in the newspaper. State what you're looking for in an employee - required skills, experience, etc. Wait for people to respond to the ads and conduct interviews with the applicants.

No, you do not have to be 21 as long as you have the necessary qualifications.

Its very easy. There are so many scripts available on the internet. Just browse and find the appropriate script.

Through a terms agreement such as 1/3 down, 1/3 on delivery, and 1/3 on finish of project.

No, but you should be able to perform the work and be licensed, bonded and insured in your state.

Learn the construction trade first. This can be done by working for a small construction firm so you learn while you work. Start your business only when you are confident that you know how to correctly bid, contract and deliver a construction project. You can start earning money when you bid and win your first project.

Consult with a bank. Banks can give you a loan to help you start off or to buy the equipment you need, and once you're making a profit, you can start paying it back.