This is the fastest growing segment of commercial clients requiring our services. The Total Fee for incorporating the Business in New York: $750. We know how to get them to hire our services which is why we have decided to adopt some of the winning formula that construction giants utilize to win major construction contracts. We will be concentrating on the customers that will provide us with the greatest margin, in other words those clients desiring office building construction. The fact that they have infrastructure deficit means that the government must be up and doing in terms of road constructions, bridge construction, public facility construction (hospitals, schools, office facilities and estates et al) and dams constructions. Shannon Berg Construction Company is fully aware that starting a construction business requires huge capital base, which is why we have perfected plans for steady flow of cash from private investors who are interested in working with us. So let’s proceed to the business planning section. We are prepared to inject new capital to support losses for most of this first year. 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. 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. The area is expanding rapidly and they need a company that can provide high quality work and materials to build the spaces that were needed. We are quite aware that there are major players in the construction industry in the United Stated of America who are not interested in small business deals and that is why we have positioned Shannon Berg Construction Company to take on such contracts. Shannon Berg Construction Company is an international construction company that has its headquarters in Grand Rapids, Michigan – USA. Grow Your Business. Calculate the startup costs for your small business so you can request funding, attract investors, and estimate when you’ll turn a profit. For this next year we intend to significantly increase overall revenues to close to $900K, from $572K this past year. The … Generate part of the startup … Fosse maintains the highest standards of service in the commercial construction industry. Shannon Berg Construction Company will adopt the following marketing and sales strategies; We have been able to work with our consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. Responsible for preparing bids for tenders, and reporting to clients, public agencies and planning bodies, Ensures that sites meet legal guidelines, and health and safety requirements, Assesses the environment impact and risks connected to projects, Responsible for judging whether projects are workable by assessing materials, costs and time requirements, Draws up blueprints, using Computer Aided Design (CAD) packages, Discussing requirements with the client and other professionals (e.g. Are you about starting a construction company? 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. How to Write a Business Plan for a SaaS Company. A business plan will help you increase your management skills. After a war, the construction industry is one of the major stakeholders that contribute in the rebuilding of a country. Over and above, the success of a construction company to a larger extent depends on their relationship with the biggest clients in the industry; the government of any country. Below is a list of the people and organizations that we have specifically designed our services for; We are quite aware that there are big – time investors and construction companies who are well recognized in the construction industry, and we maybe have to compete with them when it is time to bid for juicy government contracts. A business plan allows you to lay down the blueprint for your company … We will start with the local market, people, organizations and the government in Michigan, but we hope to spread our nets to clients from other states in the US and thereafter other countries of the world. We can turn a profit for years 2 and 3. We have the market, the people, and the capabilities. If you are starting a construction company, you need a construction business plan. Shannon Berg Construction Company is a construction company that is set to undertake both small construction projects and massive construction projects for governments, private sectors and for individuals which is why we do not intend to place limitations of the scope of the projects we handle and what we do. 85 Startup Resources You Should Know About, Free SBA Course on Writing a Business Plan, Using Your Elevator Pitch To Build Your Business Strategy, From The Trenches - Real Stories, Real Pitches. With that, we will be able to map out strategies that will not only help us to survive in the industry but also to build a global construction brand. Business Plan for a Startup Business The business plan consists of a narrative and several financial worksheets. Twin Brothers Construction is a start-up provider of construction and renovation services for commercial properties. Okay, so we have considered all the requirements for starting a construction business. Our guide on starting a construction contractor business covers all the essential information to help you decide if this business is a good match for you. Shannon Berg Construction Company is fully aware of the bureaucracy and horse trading that exists in bidding for construction contracts from the government and even the organized private sector, which is why we were able to put protocols in place to hire some of the best business developer to handle our sales and marketing. 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. Start your own business plan. Our payment policy in Shannon Berg Construction Company is all inclusive because we are quite aware that different people prefer different payment options as it suits them, but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions. 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. We also took it further by analyzing and drafting a sample construction marketing plan template backed up by actionable guerrilla marketing ideas for construction businesses. If YES, here’s a complete sample construction business plan template & feasibility report you can use for FREE. Our business concept, our mission and vision puts us at an advantage in the industry. 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. For example; there are requirements a construction company would hate to meet before they can be awarded a government contract. 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. 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. The government gets what they want and the construction company and contractors get good returns for delivering the projects. It might be challenging competing as a newbie in the construction industry, especially in a highly organized market like that of the United States of America, which is why we were deliberate in choosing our board members. Test Your Idea First, How to Come up with Hundreds of Business Ideas. A construction business plan is a blueprint for how a construction company runs their operations. 5. These are the threats that we are likely going to face as a newbie construction company in Grand Rapids, Michigan. They offer the security of an established company combined with the growth potential of a new business … 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. It’s time to grow. It explains your business goals and your strategy for reaching them. We are an international construction company and we work for our clients (governments and private sectors) in any part of the world. Fosse has only a small amount of debt and intends to stay that way. Responsible for developing and managing financial systems and policies, Ensures compliance with taxation legislation, Handles all financial transactions for the company, Serves as internal auditor for the company, Receives Visitors/clients on behalf of the organization, Receives parcels/documents for the company, Handles enquiries via e-mail and phone calls for the organization, Handles any other duties as assigned the line manager, Organized private sector (Corporate organizations), Foreign investors who are interested in owning properties in the United States of America, The government of the United States of America (Government contracts), The governments of other nations of the world. Promote our business on satellite TV stations and radio stations. Start planning. It is now obvious that construction giants leverage on their brands to win contracts and in some cases after they have won the contract, they will go ahead to sublet the contract to smaller construction company that they trust can deliver to execute the project at an agreed fee that will be good enough for both parties to make profits. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Renting of Office Facility in New York City: Generating capital from the CEO and Business Partners: Drafting of Contract Documents (Tenancy Agreements et al), and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed furniture, office equipment, electronic appliances and facility facelift: Acquiring of heavy duty construction equipment: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with key players in the industry (networking and membership of relevant construction bodies). With this edge the company can underbid its rivals and achieve a low cost leadership role. In other words, all the edifices, bridges, dams, roads, estates, campuses, shopping malls, office complexes, skyscrapers and massive structures that you see around are all products of the construction industry. Secure the Proper Financing. They decided to restrict the sourcing of the startup capital for the business to just three major sources. A business plan provides a snapshot of your construction business as it stands today, and lays out your growth plan for the next five years. … How to Write a Business Plan for a SaaS Company. Here you’ll find all the resources you need to plan your business and get it off the ground. Give you business the best chance for success with a top-notch business plan. Get Your Legal Ducks in a Row. Below are the platforms we intend to leverage on to promote and advertise our property development business; Part of business strategy is to ensure that we work within the budget of our clients to deliver excellent and world class construction projects. Introduce our business by sending introductory letters alongside our brochure to all the corporate organizations and government offices in Grand Rapids, Michigan and other States in the US. We expect to see increased profits from our market shift efforts by the end of Year 2. Easily write a business plan, secure funding, and gain insights. Sustainability and Expansion Strategy, How Non Profit Organizations Benefit the Society/Community, Public facility construction (hospitals, schools, shopping malls, office complexes and industrial facilities et al), Construction Consultancy and Advisory Services. Shannon Berg Construction Company was established with the aim of building a company that will outlive the founders and partners; a construction company that will have active presence in major cities in the world. Shannon Berg will generate 20 percent of the start – up capital from his personal savings and sale of his stocks, 30% of the capital will be generated from key partners (Nani David, Lois Scotland and Christopher Parkston), 50% of the capital will be sourced from banks. It contains information about the company itself and the construction services it provides. This makes for a very attractive market for Fosse Commercial Contractors. As a matter of fact, we are going to be known for delivering world class structures all over the globe. Responsible for applying for planning permission and advice from governmental new building and legal department. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Check out our free construction and engineering sample business plans, follow our checklists and starting … Our marketing team will continue to get the needed support and encouragement that they need to be able to deliver on set goals and targets for the organization, and we will continue to improve our processes and structure to meet up with the changing trend in the construction industry. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Customers in the Houston area are in need of beautiful office buildings, warehouses, public works etc. Price lists alongside the service descriptions … We can confidently say that we have a robust financial standing and we are ready to take on any construction project that comes our way, as long as the project is duly commissioned by the required authority. 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