If you are thinking of starting your own Liverpool builders business there are a number of points that you need to consider. By looking at these points you can ensure that you are starting your business correctly and determining if this is the right course of action for you.
Have A Business Plan
One of the first steps that you need to take is to create a business plan. This is a written document that maps out what you are going to be doing in your business, your business goals and the methods you are going to use to achieve the goals. It is also important that you have a section in your plan for the financing of your business, how you intend to get clients, the equipment you require and your general expenses. You will need to have the business plan printed out and have any supporting documentation ready to get financing.
Getting The Financing
Most people do not have the capital on hand to start a business and will need to look at a business loan. You should either contact your current bank or a financial adviser to look at your options. You will need to take a copy of your business plan and supporting documents with you. The business plan will help the lender determine whether or not they should provide a loan and what conditions they may stipulate for the loan.
When looking at the loan you will have to consider all the options in terms of interest rates and loan terms. This is one of the reasons why you should look at hiring a financial adviser. An independent adviser will be able to look at all loan options on the market to find the one that is right for your Liverpool builders business.
Check The Regulations
Before you can start offering your services you need to ensure that you adhere to all of the current regulations. You will need to be licensed to work in certain areas and you will need to have qualifications showing that you can complete the work. You will also need to look at the insurance that you have to get. You should have public and product liability insurance and if you hire additional employees then you will need to have worker’s compensation insurance.
Get The Tools And Equipment
Once you have all the legal requirements sorted out you will need to look at the tools and equipment you have to have. This will include the vehicle that you use for the business as well as tools like ladders, levels, drills and bits. All of these tools will need to be purchased before you start offering your services.
The last step in setting up your Liverpool builders business is to advertise your services. It is recommended that you consider a website where people can find out about all of the services you offer and get an estimate for their projects. You should also look at listing your business in local directories both in print and online.