venture concept 1

               The construction business in this day in age is booming across the entire state of Florida and even all over the country. Buildings and houses are being built left and right, and this type of business is never going anywhere unless something major happens. General contractors across the country are begging for sub contractors to do the work, and that is where my opportunity will come into play. My business will be a masonry contractor company that will complete jobs that require block and brick work on high rises across the state of Florida. With the upcoming amount of work across the state, I truly expect my company to have great success.

               The opportunity comes from the owners of these buildings to the general contractors that are going to hire me to do the work. These two groups of people are always in desperate needs of sub-contractors to do the work they are providing. From the geographic standpoint, the market is wide open because you can do any type of work you want across the whole country. My business is strictly going to do work in Florida because that is where the most amount of work is. Once I start to expand the business, my company will move into states such as Texas and Georgia to get more work. The opportunity is pretty big since the construction industry is booming the way it is. The more amount of work there is, the better it is for me because I can get that many more projects at one time. The window of opportunity is pretty wide open in my opinion. The amount of work isn’t going to shrink, so there is plenty of time to set a plan into place with my company.

               My innovation is to provide a company that can build these buildings as fast as I can, but with great quality of work. The quality of work is the key ingredient because it is what will bring me back to work for projects in the near future. I will meet the needs of the opportunity that is set into place. My company will be one of the best masonry corporation around the state of Florida and it won’t settle for anything less. There isn’t a set price that each project will cost, but projects will usually cost around 10 to 12 dollars per block that is being put into the building. I will have to hire an estimator to estimate the amount of work that each building has, and that is how my company will come up with the price for the work. There will be major competitors that have already established relationships within my market so I will have to be on top of my game when it comes to getting my companies name out to different contractors. These customers are going to have to try out new players when it comes to construction because of the amount of work. Right now is the right time to build the business because these contractors need people to complete the work. After I get on with a couple of general contractors, it will be hard for other competitors to do the type of work that I will do. The main component will be the fact that my company will demand to complete the job on time and per the schedule in the contract. Most of these jobs aren’t completed on time due to the company not doing the work fast enough or right the first time. MY company will demand excellence from all employees and will be completed on time. Another component will be the quality of work that will be produced on my jobs. There will absolutely be no tolerance for inefficient work done on any of the jobs. With good quality of work, contractors will either recommend or have my company back on future jobs.

               The next thing I would add to my company is a labor crew to provide to the general contractors for site maintenance and cleaning. A key aspect to a construction site is keeping the area clean so there are no safety hazards across the job. My labor crew would be provided to the contractor to keep up with the site and take care of all safety hazards that come up on the job. My company would profit money on a weekly basis while helping the contractor out on a daily basis. This new innovation would be added maybe a year or two after my company gets started because I couldn’t afford to pay all the employees from the start.

               Five years after my company starts, I want to be sufficient and have multiple jobs across the state of Florida. I also want to have built multiple relationships with different contractors that are worldwide so when I expand, I have the contacts from different companies.