Thursday, February 7, Construction Business As the Philippine property boom gathers pace, many foreign investors like Donald Trumph, Japanese and Korean investors are investing in construction business in the Philippines. There are plenty of constructions everywhere like the high rise condominiums, townhouses and commercial establishments around the Philippines.
Starting an equipment rental business? Here is our advice! Are you thinking about starting a rental business? Get off to a great start with these tips! Study your market Starting the exact same business in two locations mere miles apart can lead to radically different results.
A bike rental downtown will have different customers than one by the beach, and they will have different needs. So before you get started make sure that you know what your customers are looking for!
The best way to do this is quite simple — talk to them. If you want to rent out construction equipment, talk to local construction companies. Kayaks and canoes, talk to tourists, etc.
Some questions you can ask: What kind of equipment are you looking for? Which brands or specific items are most and least popular?
How much are you willing to pay? Instead of pulling a number out of a hat, get at least a rough estimate of how much your customers are able and willing to pay. Do you need more than rentals?
Are there other services you can offer to become a one-stop shop for your customers? Professional market research can quickly become expensive, but you can do a lot yourself! Avoid idle inventory at all costs — it only takes up space and money that you could use to grow your business!
Once you get started, buy more of the equipment that is most popular and lucrative. It is cheaper and easier to buy more equipment later than to get rid of excess unwanted equipment.
Your equipment is likely to be one of your biggest investments so make sure that you invest your money wisely. Instead of blowing all of your money on the newest and best equipment you can find, consider your alternatives.
What are your customers looking for? Will they will be twice as happy if you spend twice as much? Can you buy used equipment? This can save you a massive amount of money, allowing you to buy more equipment or invest in other areas.
Interested in more advice on buying equipment? Get your paperwork in order Not the sexiest of topics, but an important one! The work you need to do depends on where you are based here is an overview for starting a new business in the US Besides the formalities of starting any business, a rental business has extra insurance liabilities.
Your entire business depends on non-employees interacting with your equipment. So while you want to make sure you have good insurance for your equipment, your customers are your biggest risk. Even with no-liability waivers, make sure you have the right insurance.
Stake your claim online The good news first:Presented in this post is the best list of small business ideas in the Philippines you can start even at the comfort of your home.
The best time to start a business is 8 years ago.. The second best time to put up your business is NOW. The fact that you’re here reading this . It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means Owners, developers, construction managers, general contractors, and concrete subcontractors have realized substantial savings in labor and.
In February , the government launched the Philippines Development Plan –, with an aim to make the Philippines an upper-middle-income country by Consequently, it plans to reduce unemployment from % in to % by It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means Owners, developers, construction managers, general contractors, and concrete subcontractors have realized substantial savings in labor and.
Starting a Hardware and Construction Supplies Business About the Seminar Overview. The seminar discusses the background of the industry of the hardware retail stores, its potential markets, construction products and hardware supplies, investments needed and .
Construction business plan sample prepared by Cayenne Consulting, including pitch deck and financial forecast. Come see how we can help you get funded! Construction business plan sample prepared by Cayenne Consulting, including pitch deck and financial forecast.
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