188 - How To Start Your Construction Business In 2024

Dec 28, 2023

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Ready to kick off your construction biz in 2024? Join Martin & Khalil in this episode for some practical tips on starting your own construction business. They spill the beans on what works, what doesn't, and how to dodge the common pitfalls. Whether you're a construction pro or just dipping your toes, this episode’s got the lowdown to get your construction venture off the ground. Don't miss out – hit play!

Time Stamps

00:47 - Martin's Holiday Party
02:29 - Starting a New Construction Business in 2024
03:37 - Go Do a Job
05:11 - Build In Margin
05:52 - Pay Attention to What You're Doing
06:46 - Understanding Customer Needs and Asking for Feedback
07:50 - Define the Scope of the Project & Stick to It
08:31 - Pay Attention to What You Enjoy Doing
09:15 - Avoid Buying Things You Do Not Need
11:09 - Don't Take a Loan Out
11:52 - Secure a Deposit Before Getting Started
12:30 - Don't Take a Draw in the Job
13:57 - Don't Overpromise
14:22 - Track the Customer's Funds
15:22 - Final Thoughts and Advice for Aspiring Entrepreneurs
17:25 - Episode Outro

Quotable Moments from the Show

"Go get a job. Go pour a patio. Go build a pergola. Go get it done. And then you start to understand where all the things that you hadn't really thought about rear their ugly head." - Martin Holland
"Some things happen gradually. Don't try to speed through time and fast forward. Do it step by step." - Khalil Benalioulhaj
"If you're gonna go do that job, charge more than you probably think initially." - Khalil Benalioulhaj
"Don't wind up coming out the other end and not have learned anything." - Martin Holland
"You don't add any value. You add cost. Your customer either determines there's value there or not." - Martin Holland

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