Monday, July 16, 2018

3. TIPS FOR FRESHER ENGINEERS- BUSINESS IN CONSTRUCTION INDUSTRY

TIPS FOR FRESHER ENGINEERS

BUSINESS IN CONSTRUCTION INDUSTRY


                 In last two blogs we had discussed about current situation of construction industry and How to grab the job in such competition. but in other way we need to discuss on start the business in construction industry. who want to start his business please this articles.

HOW TO START BUSINESS IN CONSTRUCTION INDUSTRY?

             If you want to start your business in construction industry, you need to find your expertise in this field, Like in Following Things,
1. Shuttering, 
2.Reinforcement, 
3. Concreting, 
4. RCC, 
5. BBM, 
6. Plaster, 
7. Flooring, 
8. Waterproofing,
9. Plumbing
10. Painting
11. Electrification
12. Fabrication
13. Heavy Structures in Industrial Construction
14. Roads
15. Dams
15. Culverts
16. Irregation
17. Commercial Construction
18. Residential
19. Industrial Construction
20. Bridges
21. Flyovers
22. Foot over Bridges
23. Railways Construction
24. River Embankments
25. KT Wares
26. Nallah Widening
27. Piling
28. Lock and Key Construction
29. Govt. Contractor
30. Privet Contractor.
31. Banglow Projects etc.
  In above list may be miss some points but as per my experience you need to final your priority in such field, 


DETAILED KNOWLEDGE OF YOUR FIELD.

you need to know this field detailed knowledge but if are start with basic knowledge it will be very risky to sustain the business. If you are business minded then you need to to all point as well as little things and planning of work, for that you can hire employees, but what about your basic about to gain the experience of such field where ever you can start your business. as per my opinion you need to do job in privet company for just your experience and to gain detailed knowledge of your field.
        If you are plan to build the big organization then you need to spend some money on infrastructure of your company as per rule of MORE PLANNING MORE ACHIEVEMENT you need to Plan everything.

TRY TO STAND WITH INFRASTRUCTURE.

Yes. Infrastructure is most important thing to build the big organization, when you start the planning the infrastructure of your organization will play most important role. If you got any work first You need to hire some employees to complete the project, don't try to do all work you own, circulate responsibilities to all employees, but don't disclose important point to any employee, keep some point secrets from your employees like profit and loss, new tenders information, etc. To focus on buy the required machinery, and shuttering material and MS materials Don't hire such materials because such material have lot of repeat uses so after purchasing the MS Material and machinery you will be free from such tensions. don't waste money on buy the office before you earn the good profit.


KEEP WATCH ON EXPENSES.

Always focus on expenses, plan each and every month expenses details and track it as per actual expenses, there may be some variations due to maintenance of machines and equipment so don't panic about it. You need to keep machines update and keep maintain, Also Keep watch on monthly target and achievement and expenses, Prepare monthly expected expenses to plan the financial management. 

KEEP WATCHING ON REQUIREMENT AND WASTAGE.

In some situation you will face issue of balance unused materials to aware of that you need to watch daily requirements which need to track as per theoretical requirement and actual requirement, but keep 5% wastage in Transportation, Labour handling and as per design wastage. but try to use waste material before place next material.

DELIVER BEST PRODUCT FROM YOU.

    if you got a project as a owner of company you need to stay focused on quality also, because for quality work you doesn't need extra money. you need to just stay focused, don't tolerate about quality, give proper training to your staff and senior employees, they should know to work properly with quality and time, 
      Some employees are not work permanently with your company, but your relation with your client will be keep permanent. so keep focus on that. and completed projects are present your organization status.

MAINTAIN BUSINESS RELATION WITH CLIENT

When you are working with some client you need to keep the business relation with them also you need to sign proper agreement or work order with him, in this agreement or work order mention all terms and condition clearly which is helpful to keep healthy relations with client. always submit proper documentation like RA Bill, Minutes of Meeting, Requirements, Pending Points, and Don't forget to take signature when client changes the decision when visit the site. this will keep clear communication in client and you.


If you Like this blog please comment with your suggestions we are going to know in brief knowledge of How to start the business with minimum investment.

Team 
CBEC India.








2 comments:

  1. Extremely useful information which you have shared here about Business in Construction Industry. This is a great way to enhance knowledge for us, and also beneficial for us. Thank you for sharing an article like this. pile driving

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