The construction industry in the United States is one of the largest in the world. It’s worth over $1 trillion and employs nearly 7 million people. The sector is also growing, with construction spending increasing by 4% in 2020.
Despite the pandemic, the construction sector is doing well and offers plenty of opportunities for entrepreneurs. If you’re thinking of starting a business in this industry, here are five easy-to-start businesses in the construction sector.
Home renovation and remodeling increased when the pandemic hit. This is because people are spending more time at home and want to make improvements. It has become an essential service in the sector. Home improvement businesses can be started with little capital and offer a wide range of services such as painting, flooring, carpentry, and more.
To start a home improvement business, you must be familiar with the construction process and have some essential tools. Working with existing home improvement companies as a subcontractor can also find plenty of business opportunities. You also need a variety of equipment.
If you want to do some metalwork, you will need a welder. You’ll also need a robust cleaning brush for welders. This cleaning brush is unlike no other. It’s designed to remove slag quickly, easily, and efficiently. Another thing you’ll need is an air compressor.
If you want to do some woodwork, you will need a variety of saws like a jigsaw, circular saw, and miter saw. You’ll also need hand tools like hammers, screwdrivers, and levels. These are just some essential tools for starting a home improvement business.
Construction Cleanup Services
Every construction site needs to be cleaned up when the job is finished. This is where construction cleanup businesses come in. They offer various services such as sweeping, power washing, and removing debris. Construction cleanup businesses can be started with little capital and don’t require any special equipment.
To start a construction cleanup business, you need to be familiar with the construction process and have a truck or van to transport the debris. You also need insurance to protect yourself and your employees from accidents.
If you want to market yourself, concentrate on B2B marketing. Many construction firms might need your services. You can also join construction associations and attend trade shows to market your business.
Construction Equipment Rental
Construction equipment rental businesses rent out many tools and equipment to construction companies. This includes excavators, bulldozers, cranes, and more.
To start a construction equipment rental business, you need to have a good selection of equipment and a place to store it. You also need to have insurance to protect your business from accidents. However, remember that you’ll need a huge capital to start this business. You need to buy all sorts of construction equipment, which is quite expensive.
For example, the average cost of an excavator is around $100,000. If you want a fleet of heavy equipment, you might need close to a million dollars to afford them. So make sure to have a lot of capital before starting this business. However, the best part of starting such a business is that you don’t need to do hard construction work to gain a profit. It’s easy to start and manage once you have the money.
Construction recycling is a great way to give back to the environment while making a profit. Construction materials such as wood, metal, and concrete can all be recycled and reused in new construction projects. This business is perfect for those who are passionate about environmental sustainability.
However, starting this kind of business requires a lot of knowledge about construction materials and their recycling process. In addition, when starting this kind of business, you’ll need a place to store the construction materials and the equipment to recycle them.
Construction Waste Management
Every construction project produces a certain amount of waste. Construction waste management businesses collect and dispose of this waste in an eco-friendly way. This is a great business idea for those who want to help the environment and construction companies reduce their carbon footprint.
To start this kind of business, you need to have a strong understanding of environmental regulations and waste disposal methods. You will also need to invest in heavy-duty equipment, such as trucks and trailers.
As you can see, there are many easy-to-start businesses in the construction sector. All you need is knowledge about the construction process and the right tools. So if you’re thinking of starting a business in this sector, don’t hesitate. Many opportunities are waiting for you.