Sage Advice US

How to start a construction business

I once heard a successful contractor describe how he started his company with just a pickup truck and his dog. On the surface, launching a construction company can seem pretty simple. In fact, construction is one of the most popular segments for startups. But for anyone venturing into this challenging and rewarding business, there are some basics you need before setting up shop as a construction contractor:

When starting a construction business you don’t have to go it alone. Locally you’ll find chapters of helpful organizations such as the National Association of Home Builders (NAHB), Associated General Contractors of America (AGC), Construction Financial Management Association (CFMA), and other groups that provide great networking opportunities and expert advice specific to construction. There are also special programs available for businesses owned by minorities, women, and veterans. And finally, it’s always a good idea to get professional advice from an accountant who specializes in construction to assure your business sits on a strong financial foundation.

Need information on construction software for your business? Sage offers applications for estimating, job cost accounting, project management, and more.