Currently we have three major competitors within the Houston area. They won’t lack construction contracts from both the government and the private sector. This is the fastest growing segment of commercial clients requiring our services. We can turn a profit for years 2 and 3. The Houston area is booming at this moment, business has grown in the area for the last few years and is expected to continue for at least the next four years. Construction Business Plan Fosse Commercial Contractors strives to offer the finest quality design, site preparation, cost estimates, construction, repair, and alteration to clients needing large scale construction … Before starting his own construction company, he was a senior project manager and consultant with one of the world’s largest construction company based in Germany. We are prepared to inject new capital to support losses for most of this first year. No doubt there is always enough construction contracts to go round as long as a construction company is competent and well positioned. If you are starting a construction company, you need a construction business plan. Start planning. It includes information about the business, the … A solid business plan can outline your assets, and … Shannon Berg Construction Company will be specialized in the constructions of skyscrapers, bridges, stadiums, roads, dams, Office complex, shopping malls, schools, campuses and estates et al. Mr. David West, FCC’s General Projects Manager, is the nephew of Charles Nunn, who owns McHoughton’s Lumber, one of the Midwest’s major construction material suppliers. The budget for Liability insurance, permits and license: $5,000. In order to achieve this vision, we just have to position our company for growth and ensure that we hire dedicated and highly competent employees at all levels. Your business plan can look as polished and professional as this sample plan… Despite the fact that the construction industry requires huge start – up capital, the industry is highly profitable, especially if you have the expertise and capacity to deliver quality jobs. Although we are a new construction company, but our president and board of trustee are respectable people in the United States of America who have served the US government in various capacity; we are a construction company that has the right network that is suitable for the kind of business we are into. Although our prices may not be outrageously lower than what is obtained in the industry, but we are hopefully that whatever price we bill our customer will be amongst the lowest they can get in the industry. As such, the development of any country or city can be said to be the handiwork of construction companies and other stake holders. As a matter of fact, we are going to be known for delivering world class structures all over the globe. Grow Your Business. Because of the diversification in the construction industry, you may be engaged in residential, commercial or industrial construction. We require huge financial base to be able to acquire some of the latest heavy duty construction equipment. How to Mitigate Risk With a Risk Burndown, 5 Online Business Courses to Consider Taking in 2021, See more articles in Managing a Business ». ... Start your own construction business plan. We estimate that we will be able to reduce marginal costs and increase overall profitability by Year 3 or Year 4 as we grow and take advantages of economies of scale. We have been able to clearly define our target market and have documented this in our construction marketing plan. It is our desire that all equity partners be limited partners. He is sure going to bring is experience, expertise and network (connections) to make Shannon Berg Construction Company one of the leading construction brand in Grand Rapids, Michigan and also active player in the global construction market. Can You Get a Business Loan With Bad Credit? Fosse maintains the highest standards of service in the commercial construction industry. Our target market cuts across governments at all levels and countries, the organized private sector and people of different class and from all walks of life. It is important to state that most of the heavy duty construction equipment that we will work with will be leased. We have relationship with major stake holders in the real estate and construction industry in Grand Rapids, Michigan and also in order states in the US and we are sure of getting key construction contracts to kick start of business. Shannon Berg, Nani David, Lois Scotland and Christopher Parkston will be the major financier of the company. The fact that we are based in the united states does not in any way restrict our scope of operations to the United States of America. Going by the report from our research and feasibility studies, we will need about $7,000,000 (7 US Million Dollars) to set up a construction company in Grand Rapids, Michigan. The … Identifies, prioritize, and reach out to new partners, and business opportunities et al, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develops, executes and evaluates new plans for expanding increase sales, Documents all customer contact and information (manage the company’s CRM system), Represents the company in strategic meetings with government agencies, private sectors and contractors, Helps increase sales and growth for the company, Responsible for preparing financial reports, budgets, and financial statements for the organization. Fosse has only a small amount of debt and intends to stay that way. Approximately $59,500 additional funding is needed. We expect to see increased profits from our market shift efforts by the end of Year 2. Starting a construction business is capital intensive simply because of the type of heavy duty equipment that is required to carry out a construction project and also the cost of managing a large workforce. Your business plan can look as polished and professional as this sample plan. However, growth is expensive. It is important that we know our strength, our weaknesses, and the opportunities that we can leverage on in the industry and the threats that we are likely going to be confronted with. How to Write a Business Plan in Under an Hour, This is How to Build Remote Work into Your Startup Business Plan, How to Write a Business Plan for a SaaS Company, See more articles in Writing a Business Plan », How to Make Your Business Plan Standout for Investors, How to Successfully Pitch Your Business Idea to Investors, The 11 Slides You Need to Have in Your Pitch Deck for 2020, See more articles in Pitching a Business », How Your Digital Marketing Strategy Can Help Your Business Get Funding, How to Build Credit 101 for Small Business Owners. Starting a construction company is an excellent way of enjoying long-term returns on investment. Lastly, we will not relent in taking calculated business risks when it comes to bidding for bigger government contracts and taking on new business challenges and new business frontiers. So let’s proceed to the business planning section. How to Write a Business Plan for a SaaS Company. For this next year we intend to significantly increase overall revenues to close to $900K, from $572K this past year. Follow these 9 steps from George Hedley to create a winning business plan. Our goal is to become one of the leading construction companies in Grand Rapids, Michigan and we know we can achieve this by ensuring that our sales and marketing team are delivering on set targets. From our calculations, we are likely going to make a minimum of 30 percent profits after task from executing key construction projects. For the plan to be successful, listed services must have enough variety, specialty, and depth. We recommend using LivePlan as the easiest way to create graphs for your own business plan. The narrative template is the body of the daily office activities plan to be able to some. Or purchase materials in bulk shannon Berg construction company is an excellent way of enjoying long-term returns investment. 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