In either case, the next step is to obtain a contractor's license in your state. A prospective contractor must have at least 18 years of age and two to four years' experience. Your financial statements must show your business' financial solvency. Other requirements may vary depending on the state. These include a written examination, criminal check and a bond. Keep in mind that licenses need to be renewed each year.
Once you have obtained the required qualifications, you can begin to take the necessary steps to get your concrete contracting business started.
The business plan will describe the structure of your business and how you intend to perform certain jobs. Is your focus going to be on mixed concrete? Are you going to be a residential, commercial, industrial or commercial contractor? What are your plans to serve in the region? This is especially important for small businesses as you want to avoid attempting to reach too many people at once.
Your pricing structure is also an important consideration. You need to decide whether you will charge fixed fees per job or if you will be charging an hourly rate. To figure out how many jobs you need, you should also know how much profit is required each year to make ends meet.
Your own individual contractor license was discussed previously. However, any contracting firm will need to apply for a license from the county government, the city government, or the state. The following insurance types are required before you start operating:
For a concrete company to be successful, you'll need to have a lot more equipment and materials. It includes equipment to haul your equipment around on each job and office supplies, such as a computer. Although you can buy smaller quantities of concrete bags for small jobs, it is possible to save money by buying larger amounts. You may also want to invest in a mixer.
Although it's important to master the foundations of starting a company, it is equally important to start exploring ways to improve your business. Logistics is an area that many people struggle with. It can be challenging to keep track all the jobs and deliverables of a busy business, especially given the distance between the jobsite and the main office. Particularly in cases such as commercial construction or public works, it can prove even more difficult. There are typically more parties involved in the end result, and the jobs are often larger than residential work.