With the economy recovering slowly yet steadily, many cities across the nation are seeing a rebound in the housing market. As land and lots get bought and built on, there is also a rise in demand for commercial, office, and industrial and warehouse properties. All of this means that there are strong demands on the construction industry, further compounded by the fact that many older specialists are retiring and not getting replaced by younger workers. All in all, the time is great for starting a construction company in london, and so many entrepreneurs are considering it. However, some of them get stumped by their personal or professional lack of experience, and they wind up wondering if actual construction experience is necessary for starting up a construction company?
In truth, the fact of the matter is that it is very possible to start and even run a construction company without actually knowing how to do construction yourself. Unless you plan on being such a hands-on type business owner or employee manager that you want to be on-site, then it is perfectly possible for you to take on the administrative and management role.
In this capacity, you would not be working with hammers and nails or hanging drywall, but instead managing payroll, hiring and firing, and doing the accounting. You would also of course be responsible for setting up and maintaining the overall business plan, as well as creating the company website, business cards, phone lines, and other forms of advertising. You would likely also oversee a search engine optimization campaign, attend chamber of commerce meetings, and do local networking to help the community know your business exists and what it can do for you. You might even personally handle incoming phone calls and emails scheduling consultations with prospects.
Having said all this, someone in your business will have to be the head of the actual construction crews, work, and projects, and your personal and professional relationship with this person will possibly the most essential element to the success of failure of the construction company in London that you start. There are two ways you can go about this. First, you can find someone experienced to be your primary construction supervisor that handles all the specific matters you know nothing about and then just own the company, with him or being your lead employee. Second, you can partner up with a construction supervisor and work as a pair, where you handle the business administration and money matters and let the lead contractor or supervisor handle the construction side of things.
The second approach can honestly make the most sense, because even if your lead employee is a construction supervisor, your own lack of knowledge and expertise in the field might turn off customers and not inspire the most loyalty from employees. However, there are many construction workers who would love to start up a business, but do not know how to handle the business administration side of things. Two people with complementary skill-sets partnering up as co-owners can make a dream team that covers all needs of a budding enterprise.