You’ve made the decision to start a business in the construction industry. This is an important first step. Now it’s time to move into the next phase.
Being a concrete contractor is a profitable role in the construction industry. There is a wide array of opportunities in this field. Jobs can range from pouring driveways to working on multi-million-dollar construction projects.
The heights of your success are determined by the goals you set for your business. Keep reading to learn more about how to set-up a concrete business.
Get a Concrete Contractor License
Each state has its own licensing requirements. Next, you will need to check with your local city and county municipality to determine what guidelines you’ll need to follow in their districts.
In most instances, a state contractor’s license is required. This will include passing a series of tests covering the application and safety requirements for working with concrete.
Obtain the Proper Insurance
Owning a business of any kind means having the right insurance to protect your business and your customers. Concrete contractors must have liability insurance and workers comp for their employees.
There are companies that sell combined policies for all insurance requirements. Do your due diligence, shop around to find an affordable policy that serves your needs.
Incorporate Your Business
Incorporating your business has its benefits. You can legitimize your business standing in the community. Build credit for your business making it easier to finance equipment, materials, and other job costs.
There are some business partners that will only provide services if you have a valid LLC. Plus, when it comes to building a business brand, you want to have all of your paperwork in order.
Open a Business Bank Account
A business cannot open a business checking account without being incorporated and having a federal tax identification number. With a business bank account, concrete contractors can receive check payments in their name.
Banks will also offer business products to make it easier to receive online payments and credit card payments.
Hire Qualified Workers
With the legalities out of the way, it’s time to find qualified workers. Small job concrete contractors may be able to handle most jobs with the help of a day laborer or two. As your business grows it will become important to bring on regular staff.
Commercial concrete contractors build a strong team of employees. Choosing skilled workers in every aspect of a concrete installation is a key factor.
Market Your Business
People need to know your business exists. In the beginning, you can rely on recommendations by family, friends, and satisfied customers. As you grow, you’ll need to invest in a website, social media, and various content marketing.
Joining referral sites like Home Advisors is also recommended.
It’s Time to Pour the Concrete
You’re now a legitimate concrete contractor. With these tips, you can get your business moving into full gear and build a successful career.
Do you want more information about starting a business? Follow our business section for more great information.