KEY CONSIDERATION FOR
YOUR CONSTRUCTION BUSINESS PLAN
When the economy becomes challenging, even
successful industries like construction need to re-think how to acquire
financing. More and more, formal business plan presentations are
needed at every level of funding.
STRONGEST ADVANTAGE TO A
CONSTRUCTION BUSINESS PROPOSAL
If you've made it this far in the
construction business, you are doing something right. And if you can
add a strong presentation to everything else that you've done right, you are
on your way. And, unlike many businesses, lenders will have real
equity in your project, even if that equity fluctuates.
STRONGEST DISADVANTAGE
It's just a tough
market. It's tough for raising money of any kind. It's even
tougher for raising big money for big projects.
But with a strong
background and strong presentation, the money is there. Lenders
haven't stopped lending. They are just getting more selective.
FOR ADDITIONAL INFORMATION
FOR YOUR CONSTRUCTION BUSINESS PLAN
AND FOR A MARKETING PLAN FOR A CONSTRUCTION BUSINESS
There are two types of statistical
information that you will need for your construction industry business plan: one set detailing the growth of
the industry as a whole, and one set detailing the client base in your
geographical
area.
It is important to know this information
before approaching a lender because this is the information the lender
will look at. Even if the numbers aren't good, know what they are.
Both sets of stats can come from one source.
For statistical information for your
construction business marketing plan, go to BizMiner.
In the menu bar on the left look for
"Industry Group drilldown", then select "Construction" from the list at
the bottom of the page. From there you will have a wide choice of
topics, such as:
Construction Materials
Aggregates, Concrete & Cement
| Limestone and marble
|
Calcareous tufa |
Dimension stone |
| Dolomite |
Granite |
Gneiss |
| Greenstone |
Igneus |
Trap Rock |
| Argillite |
Bluestone |
Flagstone |
| Mica schist |
Quartzite |
Rubble mining |
| Tanks |
Septic tanks |
battery wells |
| Garbage boxes |
Grease traps |
Incinerators |
| Meter boxes |
Silo staves |
Bathtubs |
| Burial vaults |
Floor slabs and tiles |
Fountains |
| Furniture |
Roofing slabs |
Steps |
| Threshholds |
Tombstones |
Wall base |
| Wash foundations |
Fireplace materials |
Mantels |
| Door frames |
Window sills |
Pipes |
| Wallboard |
Plaster |
Benches |
| Bathroom fixtures |
Brick |
Stucco |
... and many more.
Lumber, Wood Production & Timber
Operations
| Timber |
Tree farms |
Forest products |
| Bolts |
Poles |
Saw mills |
| Siding |
Doors |
Shutters |
| Mantels |
Panels |
Ladders |
... and many more.
Plumbing & HVAC Equipment
| Furnace contractors |
Heating systems |
Plumbing contractors |
| Solar energy contractor |
Bathroom fixtures |
Fawcets |
| Heaters |
Water softeners |
Refrigeration equipment |
... and many more.
Construction, Home Improvement & Design
Services
Architectural and Engineering
Services
Commercial & Heavy Construction
Home Improvement aand Specialty
Contracting
Manufactured Buildings
Residential Construction
... with literally hundreds of sub
topics for you to choose from.
Basically, if you are in the
construction industry, BizMiner has stats on your corner of the
industry.
For demographic information for your
area, be
sure to check in the left hand navigation bar of BizMiner for "LOCAL
MARKET VITALITY PROFILES". This will likely provide the statistics you
need to prove that your market is there.
ONE STEP FURTHER IN YOUR
CONSTRUCTION BUSINESS PLAN
 |
The 7-Step Business Plan for the
Construction Industry will ensure that all key components are
present in your proposal. Whether you've written dozens of
plans previously, or none, this will walk you through the process,
step by step, in no time at all. Templates, samples, financials,
etc.
Click on
the book cover for more information.
|
YOUR LIKELY
LENDER/INVESTOR
Angel investors
and/or private
investors are probably your best bet, although industrial
lenders/investors are not out of the question. And larger banks are
still lending in the construction area.
Also, if you are
purchasing much equipment, seriously consider leasing this equipment
rather than buying it.
.
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Construction Business Plan
