Thinking About Starting Your Own Construction Business?

May 13, 2009

Nick B. Ganaway

With the economy beginning to look like it may have bottomed out, many valuable construction men and women who have found themselves out of a job through no fault of their own may be thinking about starting their own construction firm.

This may be a good move for you, but you will want to go into this—or any business venture—with your eyes wide open. Most general contracting firms start out small—formed by smart and ambitious people who have proven themselves in another construction firm. But accomplished as they may be at what they’ve been doing, they may not be prepared to take on the range of responsibilities forced on them in managing the business of construction in its entirety. I …

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