The economy is in an upward trajectory, as a result of which the construction industry is back with a bang. Be it Boston’s skylines being redefined or the numerous luxury apartment complexes that are dotting the map of Minneapolis, people looking to start a small business should really take a close look at construction. And no, you need not always raise a seven or eight figure capital to get started and sign your life away in the process. There are numerous ancillary functions that serve the construction industry, many of which require a very modest amount of startup capital. Keep reading to get some ideas.
Elevator installation and maintenance: The potential growth opportunities in the elevator service industry is huge —about 25 percent between 2015 to 2022. Elevators are not generally what pop to mind when people think of innovation. But consider the ThyssenKrupp, the German behemoth in the works that would enable you to move sideways in addition to up and down. This is almost like science-fiction coming to life. Careful planning may allow you getting a first mover’s advantage in an established industry. Even if you do not want to bet big on something so drastic, the current construction boom allows you to move in and offer competitive pricing on traditional elevator installation and maintenance service in all the major American cities.
Project Management: Are you a natural leader who has a special knack for getting things done on time and on budget. Then running a construction project management firm might be the gig you have been born to do. You get to partner up with your local government, private individuals or construction companies to ensure that quality is maintained and projects are executed according to specifications. Getting started might prove to be a bit of a challenge though, so it’s a good idea to seek out a mentor who has some insider knowledge of the industry. However, once you are in, you would get to wear a hard hat without ever having to do any of the heavy lifting.
Electricity and Lighting Specialists: You don’t need a degree in electrical engineering to be an electrical and lighting specialist. You need specialized education and training (look at your local community college or trade school). There is a wide variety of work you could do in this niche, such as installing electrical fittings in new buildings, maintaining electrical facilities and working in the residential sector. This kind of job lets you work with your hands and make a very decent living at the same time.
Interior design: You need not be all brawn and muscle to be part of the construction industry. If you have more of a creative bent, then you can always start an interior design firm. No one wants to buy or live in an ugly building. This is where you can come in. Get some education and work experience in this field, invest on a website and a social media strategy, offer a few freebies to build a client list and you should be well on your way.
Roofing Services: All buildings need a roof and older buildings need their roofs repaired. The work is grueling but doesn’t require a high skill set. It shouldn’t be difficult to train the workers you need to build your business. Provided you make a small investment to market yourself, you could potentially earn a nice living providing quality roofing services.
Clearly the construction industry has something for everyone to tap into. Do some research, find your calling and get started right away.