Tag Archives: industry

Building a Construction Company – Startup Checklist

ConstructionStarting a company is never an easy task. Apart from needing the courage to take the plunge, you also have to be sure that what you want to offer will be interesting to customers and that you won’t make any mistake that might prove too costly.

Needless to say, the whole process is quite overwhelming, especially if you’re planning to make a breakthrough in the field of construction industry.

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Unlike many other startups, a new construction company can’t start with a makeshift office above your garage and an old laptop, which is just one of the problems every aspiring entrepreneur has to take into account.

In order to ensure that no major issues have been overlooked, many experts have been compiling various checklists for up-and-coming colleagues. The fact that most of the tips are generally accepted among seasoned professionals means that a young entrepreneur should most definitely pay attention to them.

So, let’s take a look at some of the things that are most commonly found on such checklists.

  1. Make sure you have sufficient funds. You can’t start a company, particularly a construction one if you don’t have enough financial resources. Whether you use your own money or borrow it, not being able to pay for everything you need from the very start would definitely jeopardize the whole project.
  2. Get all the papers you need. Apart from registration documents, you are bound to need various licenses to do business. Requirements differ, depending on where you live, but you should definitely have all of them ready on day 1. If in doubt, consult a legal expert about what you actually need and how to obtain it.
  3. Sort out financial and insurance matters. Choose a bank to open an account with and have a look at what various insurance companies Again, it might be useful to consult an expert if you’re not quite sure what the best option for you is.
  4. Create a team. This doesn’t refer only to experts in construction business, to also to your account, lawyer, banker, insurance agent and all other people who contribute to the daily operations of your company.
  5. Create a website. It’s vital that you have a professionally designed website where you can present your offer and later showcase your results. Having a good website is the best possible catalogue of your achievements you can have.
  6. Buying vs hiring. Make sure you know exactly what equipment you need to buy and what you can hire and try to find the most cost-efficient way of working. While you might need to invest in buying your own crane, for instance, you might be better off renting a scissor lift.
  7. Design business stationery. You really need to give your new company a professional look from the very beginning, which is why you need smartly designed letterhead, business cards and other stationery.
  8. Social media presence. A great deal of interaction in today’s world is happening on social media platforms, which is a good enough reason for your startup to be present there as well. Respect the norms and standards of social networks and you might create an extremely powerful marketing tool.
  9. Double-check your business plan, with a particular focus on its financial component. In case you’ve made a single mistake, you might not be able to get a realistic picture of your performance. Again, if you feel insecure for any reason, asks someone with experience to go through the plan with you and revise it.

As you can see, this checklist contains the most commonly mentioned advice related to starting a construction business. Needless to say, there are many more things one should take into account before starting a construction company, and many of them are very specific and depend on the circumstances. Still, if you follow this simple checklist, the chances of missing something really important are minimized.

3 Tips for Maximizing Your Warehouse Business in 2017

Warehouse BusinessGetting into the warehouse business isn’t something lots of kids dream of nowadays. They all want to be entertainers, IT experts, astronauts and firefighters, and that’s quite all right, but the truth is that the world doesn’t need that many singers and dancers. What it does, however, need are trustworthy and responsible managers in all sorts of fields and one of the most sought-for career these days is in the warehouse management industry. If you’re an owner of an empty warehouse ready to be moved in with thousands of boxes placed neatly on shelves or looking for a new spacious warehouse that will accommodate all needs of your company, there are a few things you need to know. So, here are three important tips for maximizing your warehouse business this year and making some money in the process.

Organize, organize, organize

This might not seem like the most important thing in the world with a number of other industries, but it’s definitely paramount when it comes to warehouse management. Organization is at the core of this business and you mustn’t get into it unless you can handle organizing items in a strict order and in accordance with several rules.

Finally, if your warehouse isn’t neatly organized, your incoming packages won’t be placed in the right spot, while the outgoing ones won’t leave the premise nor arrive at their destination in time. Your employees will be confused and disoriented and, in short, the entire business will go down in flames quite quickly. There are lots of ways to organize your warehouse, but the most important thing to do is to keep the popular products near the entrance – if they’re moving fast, they need to be able to get in and out in the smallest amount of time.

Make a system

Even before organizing and setting up your warehouse, it’s important to come up with a system of placing, stacking and storing your items. No matter how spacious your warehouse is, you have to make sure the products can be easily accessed and moved around. This way, you’ll minimize the waiting period and become much more efficient, which will, consequently, bring you more and more work and boost your income. You can even use a warehouse management system software and maximize your productivity without having to come up with any special system on your own.

Applying a certain logic to the entire system is essential – depending on whether you generally deal with a smaller number of large products or vice versa, you can either focus on the number of products you get in and out or their size. In other words, your warehouse has to be able to accommodate a bigger number in small packages in the same amount of time as the smaller number of huge packages. And that’s exactly how you should store them – big products in the back, smaller ones in the front. This way, your pickers will always know where everything is and how to find a certain order in no time.

Use proper shelves

The main problem with warehouses today is that their owners are generally looking for a way to make some money quickly and rarely pay enough attention to the quality of the services they offer. And this is where they make a crucial mistake – yes, they’ll probably be able to make a few bucks in the first few months, but potential clients will soon find out how inefficient they are and simply find a better alternative. That’s why you shouldn’t cut corners, especially when it comes to shelves.

Being able to stock a large number of products at the same time is impossible unless you have proper shelves. They are literally the backbone of your warehouse and something that will make or break you in the long run. That’s why you need to look into reliable shelving solutions and opt for those that can guarantee longevity and quality. Keep in mind that poor shelves are bad for your business and stay far away from them.

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Other tips

Some of the other warehouse management trends you should look into are exploring various cluster-picking strategies, working during the holidays, delivering packages via drones and opting for all-purpose facilities that can be coordinated easily.