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How to Start a Concrete Business in 12 Steps

If you have a background in construction with a passion for business, you might be ready to venture into the world of owning your own business. There’s no doubt that the construction industry is continually growing, meaning the concrete industry is growing, too.

It’s a big undertaking to become a business owner, but with the right resources, planning and a great business plan, you can start a successful business. Here’s our 12-step guide on how to start a concrete business either on your own or with a business partner.

1. Do Your Research

• 2. Start With a Name and Business Plan

3. Choose Your Legal Structure

4. register your business, 5. secure funding, 6. apply for licenses and permits, 7. open a business bank account and credit card.

• 8. Insure Your Business

9. Build Your Team

10. develop marketing materials, 11. rent or purchase concrete equipment, 12. launch your concrete business.

• How To Start a Concrete Business FAQ
• Rent Concrete and Other Construction Equipment

Before starting any business, do comprehensive research to ensure that your idea is a viable business that will bring in a steady cash flow. Your research should include market trends, future competitors and the risk involved in starting a concrete business.

Take some time to think about what challenges you might face and how you plan to overcome them. After all, you wouldn’t want to invest your time and money into a business that doesn’t have the research and data to back it up.

Here are just a few questions to consider before moving forward:

• How large is your service area?
• Who is your target market?
• What needs are you fulfilling for your potential customers?
• Who are your competitors and how much of the market share do they own?
• Is there a significant amount of available market share you could own?
• What does the concrete industry look like now and in the future?
• What are the risks involved in starting a concrete company?

Start With a Name and Business Plan

Make sure you pick a business name early on so you can register your business, secure permits and buy your website’s domain name. Here are some tips for choosing the right name for your business:

• Make your name website-friendly
• Choose a name that’s easy to pronounce
• Pick a name that tells your customers what you do
• Follow your state laws and guidelines for naming a business
• Make it short enough to fit into a logo
• Avoid using a name that’s too close to a competitor or another business

With your business and market research in hand, you’re ready to devise a business plan. A business plan is a document that gives an overview of your business and its potential. All companies, especially startups, should have a business plan because it can prove that your business idea is viable.

A well-thought-out business plan is essential as a startup as it can help you secure funding in future steps. If this is your first time writing a business plan, dozens of websites can help you build out a plan — or you opt to create the plan from scratch.

No matter your method, these are the most essential elements to include in your business plan:

• Executive summary: An overview of your entire business plan in a couple of paragraphs. While this is the first component of your business plan, write it last so you can summarize it in its entirety.
• Business description: An overarching description of your business, the product or service it provides, your target customer base and details about the concrete industry.
• Market analysis: A summary of your market research. It will give details about your target audience, like their geographic location, demographics, needs and how your service will fill their needs.
• Sales plan and marketing: Covers how you will reach your audience and convince them to hire your concrete business over the competition. This section should include your company’s unique selling proposition and how you plan to market your business and secure sales.
• Competitor analysis: A list of your competitors, both direct and indirect. This section is a comparison of your business against your competition and your plan to beat them out.
• Management and organizational structure: Details about management’s qualifications and experience. You may also provide an organizational chart to show the structure of your business, the different positions and who reports to who.
• Products and services: This section gives you the chance to list out every service you offer as a concrete company. Think about every detail of your service, all the way down to associated costs and suppliers to give your best and most accurate description.
• Funding request: If you’re just starting your company, you’ll likely need an investor or a loan to back you. This section is all about the amount you need to borrow and how you’ll use it.
• Projections: This section breaks down your expected earnings in the first year to five years in the market. These projections will come from your market research and the data you gather. You can also provide a plan for how you plan to pay back loans.

A business legal structure, otherwise known as a business entity, will define how the government regulates certain aspects of your business, like liabilities and taxation. Let’s break down the different types of legal structures.

• Sole proprietorship: The simplest legal structure where one person is responsible for the business’s finances and liabilities. This means there is no separation between business and personal assets so it doesn’t protect the owner’s assets in the event of an accident or lawsuit.
• Partnership: A partnership is a legal structure in which two or more people are equal owners in the business. They operate similarly to a sole proprietorship or they can open a limited liability partnership (LLP), where each partner limits their personal liability and protects their assets.
• Limited liability company (LLC): LLCs provide owners with liability protection (similar to that of a corporation) while the company’s earnings and losses can be claimed on the owner’s personal tax returns.
• Corporation: Corporations are legal entities that are separate from the company owners. That means the company takes on all the liabilities in case of accidents and lawsuits while protecting the assets of the owners.

Types of Corporations

There are various types of corporations, each coming with its own set of regulations and benefits.

• C corporations: C corps are owned by shareholders and taxed as a separate entity. They can have an unlimited amount of investors.
• S corporations: S corps are popular for small businesses for tax reasons. Each employee’s salary is subject to FICA tax, while additional distributions of profits are not subject to further federal income tax liability.
• B corporations: B corps are benefit corporations. While it is a for-profit company, time and resources are dedicated to creating a positive impact on environmental and social responsibilities. B-corps must be certified by B Lab by meeting their requirements.
• Closed corporations: A closed corporation is owned by only a few shareholders and doesn’t publicly trade its shares.
• Open corporations: An open corporation publicly trades shares, meaning anyone can invest in the company.
• Nonprofit corporations: Nonprofit organizations exist to use their profits to benefit a group of people in need or other charitable contributions. In exchange, nonprofit organizations receive a generous tax exemption.

Construction sites can be home to the occasional accident. In the case of faulty business and unsafe practices, construction jobs could lead to lawsuits. For this reason, business owners should choose a business entity that will limit their liability, such as an LLC or corporation.

Registering your business is probably the most important step, as it is what makes your business official. Most business owners opt to register their businesses in the state in which they already reside; however, if you plan to serve more than one state, you may need to register the business in other states. Check your state’s rules and regulations before filing to make sure that you have everything you need to file.

Most businesses aren’t required to register at a federal level, but they do need an Employer Identification Number (EIN), which allows your company to pay taxes. You can file for an EIN online through the IRS . It may be helpful to consult an accountant at this step so you ensure you meet all the requirements and set up your taxes correctly.

There are plenty of options when funding your business. Many small businesses apply for funding through a bank for personal business loans or a business line of credit, which is a flexible spending account. That said, banks won’t take the risk to fund a loan if you can’t present a solid business plan.

Here are some other ways you can get funding for your business:

• SBA-guaranteed loans: A business loan issued by a bank or online lender that is partially guaranteed by the United States Small Business Administration ( SBA ).
• Crowdfunding: These websites allow people to donate to a fund that you can use to start and grow your business.
• Investors: Anyone could be an investor, including friends and family. Investors loan the company money in exchange for an agreed-upon share of the company.
• Personal: You can opt to use your personal finances to fund the business and pay yourself back as the company turns over a profit.

Even if someone has years of experience working with concrete, when that person becomes a business owner, licenses and permits ensure they operate within state and local regulations. Every state is different for legally operating as a concrete contractor, so it’s best to start with individualized research that pertains to your service area.

In general, concrete contractors may need the following:

• State-provided concrete license or commercial contractor’s license
• City-provided concrete or masonry license
• State sales tax permit
• Resale certificate
• Certificate of occupancy

You may benefit from consulting with a local small business lawyer who can offer guidance and assistance in obtaining the licenses, permits and certificates required in your service area.

All businesses should have their own bank account and credit card to keep their finances separate from the business owner’s personal bank account. Doing this makes it easier to track the company’s income and expenses. Even if the business is run as a sole proprietorship, having separate financial accounts can make the business owner’s life easier.

A company can also opt to get a credit card for business-related spending. This can make tracking expenses even easier and often comes at a better interest rate than a personal credit card.

Opening a business account or applying for a company card is fairly similar to opening a personal account. If the business owner knows who they would like to bank with, they can bring their legal documents to their bank and open the account on the same day.

Always call ahead before going into the bank to ensure you gathered all the necessary information. Legal documents that you need to bring to the bank may include an Employer Identification Number and documents proving the business is registered as a legal entity.

8. Insure your Business

When first starting, many businesses may overlook getting business insurance. However, it’s truly the best way to protect a business in the event that something unfortunate takes place at work.

While there are many insurance policies that a business could purchase, general liability insurance is the most comprehensive policy that acts as coverage for all business situations and protects everything from injury to property damage. If you’re looking for more individualized policies, you might want to consider the following insurance:

• Business property: Coverage for the equipment owned by the company.
• Equipment breakdown insurance: Breakdown insurance offers coverage that can help with the cost of repairing and replacing equipment that has run into mechanical issues.
• Worker’s compensation: If an employee is injured on the job, a worker’s compensation policy helps the employee receive payment while they can’t work.
• Property insurance: If the business owns a physical lot, building or workspace, property insurance covers it.
• Commercial auto: Insurance that covers any vehicle the company owns.
• Professional liability: This coverage protects the business and the owner against clients who claim negligence or malpractice against the business.

Now that legalities and insurance are in place, it’s time to build a reliable team of employees. Concrete companies take a lot of work, and in many cases, require more than one person. From marketing to management to labor there are multiple parts of the business that may need hiring out.

Here are some positions to consider hiring:

• General manager: A general manager is someone who can handle all aspects of the business while others report to them. A general manager may take on the responsibilities of scheduling, staff management, accounting, job estimation and more.
• Accountant: An in-house account is helpful if the company has a considerable amount of cash flow. If the company is small enough, a general manager can do the basic bookkeeping while a certified public accountant on retainer can handle the other larger accounting tasks, like filing taxes.
• Concrete foreman: The foreman is the head of each project and takes on the supervision of the concrete laborers that get assigned to the job.
• Laborers: These are the concrete specialists on the job site to assist in and complete the projects from start to finish.
• Marketing manager or coordinator: A marketing manager or coordinator creates, maintains and oversees the making of marketing materials such as a website, social media pages and physical marketing materials.

A business may not need to fill every one of the above positions while it’s in its startup phase. Instead, you can use this as a reference as the team grows.

As the company launch gets closer, get your name out there and start securing clients. Marketing is all about advertising a business and bringing in brand awareness through different channels. From a website to social media and billboards, here are some of the most common marketing materials to create while starting a concrete business.

• A logo: A logo should be unique yet easy to recognize. Make sure it’s not too close to another brand’s logo or it might cause confusion.
• A website : A website is essential for practically any business. This is where you can list your services, show off your work and list contact information. A project quote page or calculator may also be a helpful resource for potential clients.
• Social media: Instagram and Facebook are the two most popular social platforms for businesses. While you can use social media to generate organic leads, you might also consider using ads to promote the business.
• Emails: As the business grows, you can collect email addresses to which you can send promotional emails and newsletters. During the startup phase, decide on the email service that works best for the company and start collecting email addresses.
• Blog: Many businesses add blogs to their websites to boost their search engine optimization and position themselves as experts in their field.
• Physical marketing materials: While digital marketing is an effective method to grow your brand awareness, you may want to consider using handheld materials like business cards, flyers and brochures that you can hand out at networking events.

With funding secured and a team to back the business, it’s time to get your hands on the right equipment. Regarding equipment, you have three options: renting, leasing or buying.

For equipment that the company will use every day, it may make sense to purchase, but don’t overlook the option to rent. Renting construction equipment is often a money-saving solution for jobs that require specialized equipment that employees won’t use daily. Renting equipment can also save the company time since you aren’t in charge of transporting and storing it.

Whether you decide to rent or purchase equipment, here’s a brief list of the equipment you may need to start a concrete business:

• A portable concrete mixer
• Wheelbarrow
• Concrete truck
• Groove cutter and edge saw
• Laser level
• Hand sprayer
• Concrete grinder 
• Concrete vibrator

Not all concrete businesses are built the same, so you may not need all the equipment listed above—sometimes you may need more. Now is the time to consider all the equipment you’ll need to complete even the most complex jobs and decide on what to purchase or rent.

After all this preparation, you’re likely feeling both excited and anxious about officially starting your concrete business, but there is still plenty of work to do. As you open your business, start bidding on and securing projects for the company.

Whether the company focuses on pouring concrete for residential or commercial projects, you are now part of a $76 billion and growing industry. Here’s to a lucrative business as a new entrepreneur!

Starting a Concrete Business FAQ

Now that you know the basics of starting a concrete business, you might have a few questions. Here are the answers to the most commonly asked questions about starting a concrete company.

Is a Concrete Business Profitable?

As with many businesses, owning and operating a concrete company can be profitable as long as you plan accordingly and use correct business practices. While there is no guarantee that starting a concrete business will turn a quick profit, research shows that there is considerable growth potential in the industry.

The only way to determine if your concrete business can be profitable is to research, analyze and plan. Look at your competitors, target audience and the cost of starting and operating a business. With this information, you can determine if there’s a need for a new and improved concrete business.

How do I Advertise my Concrete Work?

A large part of owning and operating a concrete business is attracting new clients. That is where advertising and marketing come in handy. Here’s how you can advertise your business:

• Social media ads
• Email marketing
• Billboard advertising
• Yard signs in front of completed projects
• Logos on employee wearables
• Networking with non-competing contractors
• Create a Google Business Profile
• Post completed work on social media
• Encourage satisfied customers to leave reviews on Yelp or Google Business
• Boost your website’s search engine optimization

What Makes a Good Concrete Contractor?

The number one thing people look for in a contractor is proven experience. Even if the business is new, you can reflect on the past experience you and your team gained before starting the business.

One way potential customers can see your proven experience is through customer testimonials and reviews. If you have a well-satisfied customer, ask them for a testimonial that you can publish on your website. And it never hurts to ask past customers to recommend your business to their friends and family for future projects.

A good concrete contractor is dependable and follows through with set deadlines. If you cannot complete a project by the predetermined deadline, clear communication is essential. Kindly explain to the project owner the difficulties you’re experiencing and ask what you can do to set it right.

How do you Bid on a Big Concrete Job?

If you’re in the concrete business, there’s a high likelihood that bidding on jobs will become a regular part of life. A construction bid is when a contractor — in this case, a concrete company — submits a proposal to a potential client to “win” the project over other contractors.

The bidding process helps the potential client compare and contrast each contractor and what they can contribute to the project. All bids should include the estimated cost, scope and schedule of a concrete project. A well-written bid can give you a leg-up against other contractors since it shows that you’ve already put a significant amount of thought into the project before winning it.

Here are the elements that you must place in a bid:

• Contact information: Place the names and contact information of the concrete company and the potential customer at the top of the document. You can also list the name and address of the project here.
• Project scope: The scope is a written summary of the bid, it should include the grade of the work, the schedule, materials, costs and anything your team may need to complete the project.
• Existing conditions: A contractor should always perform a site assessment before preparing a bid. It can show any documentation of the existing conditions at the worksite and what must be done to remedy any pre-existing issues.
• Estimated costs: This section gives the project owner an estimated cost for all the materials and labor the project will require.
• Payment terms: Set out your payment expectations, including how and when your company expects payment.
• Relevant documents: This is where you’d add any necessary permits you may need and information about other teams that may have a hand in the project.
• Work schedule: The construction schedule is more than the start and end date — it should also list various milestones along the way.
• Formal bid and signature: The end of the bid document must include a formal statement of intent to provide services along with a signature from all owners of the concrete company.

Get the Equipment You Need

Now that you know how to start a concrete business, it’s important that you have all the right tools and equipment to get you started. When you’re first starting out, purchasing equipment can be expensive and leave you with large monthly payments. Instead, consider renting equipment to save your business money and time.

With service areas in all 50 states, BigRentz is readily available with specialized equipment for all kinds of construction projects.

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Concrete Business

Back to All Business Ideas

Building a Foundation: Starting a Concrete Business

Written by: Carolyn Young

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on January 13, 2022 Updated on July 2, 2024

Investment range

$10,750 - $19,400

Revenue potential

$400,000 - $1,500,000 p.a.

Time to build

1 – 3 months

Profit potential

$200,000 - $300,000 p.a.

Industry trend

Here are the most essential factors to consider when starting your concrete business:

• Processing equipment — To get started, you will need concrete mixers such as portable mixers ( Kushlan and YARDMAX ), drum mixers ( Multiquip and Klutch ), and planetary concrete mixers ( Sicoma and MEKA ). Additionally concrete vibrators, molds and forms, screeds, trowels, wheelbarrows, and safety equipment. 
• Storage solutions — You will need to store both raw materials and finished products so invest in silos, aggregate bins, and material racks. 
• Niche — The most profitable concrete businesses are those that provide ready-mix concrete and construction services. You can also offer decorative concrete, green concrete, high-performance, lightweight, or precast concrete.
• Licenses and permits — Most regions require a contractor’s license for construction-related businesses, including concrete installation. Because concrete production can impact the environment, you may need specific permits related to air quality, water discharge, and waste management.
• Register your business — A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple. Form your business immediately using ZenBusiness LLC formation service or hire one of the best LLC services on the market.
• Legal business aspects — Register for taxes, open a business bank account, and get an EIN .
• Partnerships — Build strong relationships with reputable construction companies, real estate developers, architects, landscaping companies, material suppliers, and local governments and municipalities.

Interactive Checklist at your fingertips—begin your concrete business today!

You May Also Wonder:

Is concrete leveling business profitable?

Yes, concrete services can be quite pricy, so you can make a good profit. You just need to market your services to acquire clients.

How do I manage and maintain customer relationships?

To maintain customer relationships, you need to stay in touch with people. You can send regular emails or even an email newsletter.

How do I handle customer complaints and warranty claims?

You need to address complaints immediately and honor your warranties. If you don’t, you risk negative online reviews that could impact your business.

How do I ensure the quality of my concrete products and services?

You need to seek suppliers that offer high-quality products. You also need to hire workers with plenty of experience. 

Step 1: Decide if the Business Is Right for You

Pros and cons.

Starting a concrete business has pros and cons, which you should consider before deciding if it’s the right path for you.

• Excellent profit potential — Customers pay high prices for concrete services
• In-demand services — Concrete is widely used but needs periodic replacement
• Good hours — Generally you won’t work at night
• Labor intensive — Laborers to help with jobs will be necessary
• Much equipment needed — Specialized tools do not come cheap

Concrete Industry Trends

New home construction boosts the concrete industry, as does rising income and economic stability.

Industry Size and Growth

• Industry size and past growth — The US concrete contractors industry is valued at $78.5 billion, which reflects an increase of 1% in 2024. It has posted steady growth, except for a dip in 2020 due to the pandemic.(( https://www.ibisworld.com/united-states/market-research-reports/concrete-contractors-industry/#IndustryStatisticsAndTrends ))  
• Growth forecast — Pent-up demand in both residential and nonresidential construction presents growth opportunities for the concrete contractors’ industry over the next five years.
• Number of businesses — There are about 100,000 concrete contractors in the US.
• Number of people employed — The industry has around 324,000 employees.

Trends and Challenges

• New home builds are hitting pre-pandemic levels.(( https://www.realtor.com/research/2024-national-housing-forecast/ ))
• Self-mending concrete will be in demand, so it’s important for small concrete businesses to offer this option. Self-mending concrete is coated in bacteria that grows and pulls the materials around it together, increasing the durability of the concrete.
• Skilled labor shortages exist in the concrete industry and are expected to continue, which may make it difficult for small concrete businesses to find help.
• Concrete is the second-largest carbon dioxide emitter on earth, so alternative materials are in development that may threaten the concrete industry.

What Kind of People Work in Concrete Businesses?

• Gender — 97% of concrete workers are male, while 3% are female.(( https://www.zippia.com/concrete-worker-jobs/demographics/#gender-statistics ))
• Average level of education — 57% of concrete workers are high school graduates.(( https://www.zippia.com/concrete-worker-jobs/education/ ))
• Average age — The average age of a concrete worker is 39.7 years old.(( https://www.zippia.com/concrete-worker-jobs/demographics/#age-statistics ))

How Much Does It Cost to Start a Concrete Business?

Startup costs for a concrete business range from $11,000 to nearly $20,000. The largest expenses are for a van or truck and tools, including a portable concrete mixer. If you need to learn to do concrete work, you can take classes for about $300 through the American Concrete Institute or other educational providers.

If you later want to get your own concrete mixer truck, you could pay $25,000 to upwards of $100,000.

You’ll need a handful of items to successfully launch your concrete business. Here’s a list to get you started:

• Safety gear
• Wheelbarrows
• Shovels and buckets
• Laser level and floats
• Groove cutters and edgers
• Plate compactor
• Power hammers and drills

How Much Can You Earn From a Concrete Business?

Driveways, sidewalks, porches, and patios will probably be your most common jobs as a small business. The average price per project should be at least $1,500. After paying for labor, your profit margin should be about 50% if you run your business from home.

In your first year or two, you could work from home and do five jobs per week, bringing in nearly $400,000 in annual revenue. This would mean almost $200,000 in profit, assuming that 50% margin. As your brand gains recognition, sales could climb to 20 jobs per week. At this stage, you would rent a commercial space and hire additional staff, reducing your profit margin to around 20%. With an expected annual revenue of over $1.5 million, you would make over $300,000.

What Barriers to Entry Are There?

• You need to have skills with concrete and know how to mix and pour it
• Purchasing a truck or van and tools is expensive

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Step 2: hone your idea.

Now that you know what’s involved in starting a concrete business, it’s a good idea to hone your concept in preparation to enter a competitive market. 

Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important because it can help you understand your customers better, who your competitors are, and your business landscape.

Why? Identify an Opportunity

Research concrete businesses in your area to examine their services, price points, and customer reviews. You’re looking for a market gap to fill. For instance, maybe the local market is missing a decorative concrete mason.

You might consider targeting a niche market by specializing in a certain aspect of your industry such as patios.

This could jumpstart your word-of-mouth marketing and attract clients right away. 

What? Determine Your Services

You should make a list of what services you want to offer. You can do things like:

• Garage floors
• Concrete repairs
• Decorative concrete

How Much Should You Charge for Concrete Services?

The average price of labor to pour concrete is about $5 per square foot. When you quote prices you’ll include labor plus concrete and other materials. Your costs will include labor, marketing, and fuel until you rent a physical space. In the beginning, you should aim for a profit margin of about 50%. Once you rent a space, it will be closer to 20%.

Once you know your costs, you can use our profit margin calculator to determine your markup and final price point. Remember, the price you use at launch should be subject to change if warranted by the market.

Who? Identify Your Target Market

Your target market will be homeowners who tend to be more established, professional people with families. You can also partner with other types of contractors or remodelers to get work as a subcontractor. 

Where? Choose Your Business Premises

In the early stages, you may want to run your business from home to keep costs low, but as your business grows, you’ll likely need to hire workers for various roles and may need to rent out an office. Find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

• Central location accessible via public transport
• Ventilated and spacious, with good natural light
• Flexible lease that can be extended as your business grows
• Ready-to-use space with no major renovations or repairs needed

Step 3: Brainstorm a Concrete Company Name

Here are some ideas for brainstorming your business name:

• Short, unique, and catchy names tend to stand out
• Names that are easy to say and spell tend to do better 
• Name should be relevant to your product or service offerings
• Ask around — family, friends, colleagues, social media — for suggestions
• Including keywords, such as “concrete” or “concrete pourer,” boosts SEO
• Name should allow for expansion: “Innovative Concrete Works” over “Concrete Cutting and Drilling Services”
• A location-based name can help establish a strong connection with your local community and help with the SEO, but might hinder future expansion

Discover over 340 unique concrete business name ideas here . If you want your business name to include specific keywords, you can also use our concrete business name generator. Just type in a few keywords, hit Generate, and you’ll have dozens of suggestions at your fingertips.

Once you’ve got a list of potential names, visit the US Patent and Trademark Office website to make sure those names are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

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Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that sets your business apart. Once you pick your company name and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.

Step 4: Create a Concrete Business Plan

Here are the key components of a business plan:

• Executive summary — A concise overview of your business plan, summarizing key elements and goals
• Business overview — Detailed information about your business, including its mission, vision, and the problem it aims to solve
• Product and services — Clear description of the offerings your business provides, highlighting unique selling points
• Market analysis — Examination of the target market, including demographics, trends, and potential opportunities
• Competitive analysis — Evaluation of competitors, their strengths, weaknesses, and how your business stands out
• Sales and marketing — Strategies for promoting and selling products or services, including target audience and marketing channels
• Management team — Introduction to key team members, emphasizing their skills and experience
• Operations plan — Details on how the business will operate, including production, logistics, and day-to-day activities
• Financial plan — Comprehensive financial projections, including income statements, balance sheets, and cash flow forecasts
• Appendix — Additional supporting documents or information, such as resumes, legal agreements, and market research data

If you’ve never created a business plan yourself before, it can be an intimidating task. Consider hiring an experienced business plan writer to create a professional business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose Where to Register Your Company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you’re planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to concrete businesses. 

If you’re willing to move, you could really maximize your business! Keep in mind that it’s relatively easy to transfer your business to another state. 

Choose Your Business Structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your concrete business will shape your taxes, personal liability, and business registration requirements, so choose wisely. 

Here are the main options:

• Sole proprietorship   — The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
• General partnership  — Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
• Limited Liability Company (LLC) — Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.
• C Corporation  — Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.
• S Corporation  — This refers to the tax classification of the business but is not a business entity. Either a corporation or an LLC can elect to be an S Corp for tax status. Here, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have.

Form Your LLC

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Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number or EIN. You can file for your EIN online or by mail/fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you’re completing them correctly.

Step 7: Fund Your Business

Securing financing is your next step, and there are plenty of ways to raise capital:

• Bank loans — This is the most common method, but getting approved requires a rock-solid business plan and a strong credit history.
• SBA-guaranteed loans — The Small Business Administration can act as a guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
• Government grants — A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
• Friends and family — Reach out to friends and family to provide a business loan or investment in your concept. It’s a good idea to have legal advice when doing so because SEC regulations apply.
• Crowdfunding — Websites like Kickstarter and Indiegogo offer increasingly popular low-risk options in which donors fund your vision. Entrepreneurial crowdfunding sites like Fundable and WeFunder enable multiple investors to fund your business.
• Personal — Self-fund your business via your savings or the sale of property or other assets.

Bank loans or SBA loans may be your best bet to finance your business, or friends and family financing is also a good option.

Step 8: Apply for Concrete Business Licenses and Permits

Starting a concrete business requires obtaining a number of licenses and permits from local, state, and federal governments. Many states require you to be a licensed contractor. Check with your state government for requirements.

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health license and permit from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level licenses and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. You could also check this SBA guide for your state’s requirements. 

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

For peace of mind and to save time, we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state, and provide them to you to make sure you’re fully compliant.

Step 9: Open a Business Bank Account

Before you start making money, you’ll need a place to keep it, and that requires opening a bank account . Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your concrete business as a sole proprietorship. 

Opening a business bank account is quite simple and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account. 

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked, yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

• General liability — The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
• Business property — Provides coverage for your equipment and supplies.
• Equipment breakdown insurance — Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
• Worker’s compensation — Provides compensation to employees injured on the job.
• Property — Covers your physical space, whether it is a cart, storefront, or office.
• Commercial auto — Protection for your company-owned vehicle.
• Professional liability — Protects against claims from clients who say they suffered a loss due to an error or omission in your work.
• Business owner’s policy (BOP) — This is an insurance plan that acts as an all-in-one insurance policy, a combination of any of the above insurance types.

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential Software and Tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks. 

You can use industry-specific software, such as JobNimbus , True , or Procore , to manage your estimates, projects, financials, scheduling, and analytics.

• Popular web-based accounting programs for smaller businesses include Quickbooks , FreshBooks , and Xero . 
• If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences of filing incorrect tax documents can be harsh, so accuracy is crucial.

Develop Your Website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism.

You can create your own website using website builders . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech savvy, you can hire a web designer or developer to create a custom website for your business.

However, people are unlikely to find your website unless you follow Search Engine Optimization ( SEO ) practices. These are steps that help pages rank higher in the results of top search engines like Google. 

Here are some powerful marketing strategies for your future business:

• Website — Develop a comprehensive website that showcases your past projects, services, and customer testimonials.
• Local SEO — Optimize your website with SEO best practices for search terms related to concrete services and local contracting to enhance visibility. Regularly update your Google My Business and Yelp profiles to strengthen your local search presence.
• Professional branding — Ensure your branding reflects strength, reliability, and professionalism across all mediums, including your logo, business cards, and company vehicles.
• Social media engagement — Utilize LinkedIn for B2B networking and platforms like Instagram to showcase decorative or innovative concrete projects.
• Educational blog and video content — Share blog posts and videos about concrete maintenance, construction benefits, and project processes.
• Partnerships with local suppliers — Build relationships with local suppliers and construction-related businesses for mutual referrals.
• Community projects — Get involved in local projects or sponsor events to increase brand visibility and community engagement.
• Referral programs — Offer rewards to clients who refer new business, encouraging word-of-mouth marketing.
• Targeted local advertising — Advertise in local newspapers, trade magazines, and relevant online platforms to reach a targeted local audience.
• Email marketing — Send regular newsletters to past and potential clients with updates on projects, new services, and promotions.

Focus on USPs

Unique selling propositions, or USPs, are the characteristics of a product or service that set it apart from the competition. Today’s customers are inundated with buying options, so you’ll have a real advantage if they can quickly grasp how your concrete business meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your concrete business could be: 

• Durable driveways poured in one day
• Concrete patios for a durable outdoor space
• Decorative concrete porches and patios

You may not like to network or use personal connections for business gain, but your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a concrete business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in concrete for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in concrete. You’ll probably generate new customers or find companies with which you could establish a partnership. 

Step 12: Build Your Team

If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for a concrete business would include:

• Concrete laborers — assisting with concrete jobs
• General manager — job scheduling, estimates, staff management, accounting
• Marketing lead — SEO strategies, social media marketing, other marketing

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Run a Concrete Business — Start Making Money!

Concrete is hard, honest work and a valuable service for homeowners. It also makes for big business, with the industry worth over $78 billion in the US alone. With your own concrete business, you can create jobs, help homeowners, and make a pretty penny all at the same time. 

Concrete services are not cheap, so there is definitely money to be made. With a foundation of knowledge, you’re off to a great start, and you’re now ready to be an entrepreneur with your own lucrative concrete business! 

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• Decide if the Business Is Right for You
• Hone Your Idea
• Brainstorm a Concrete Company Name
• Create a Concrete Business Plan
• Register Your Business
• Register for Taxes
• Fund Your Business
• Apply for Concrete Business Licenses and Permits
• Open a Business Bank Account
• Get Business Insurance
• Prepare to Launch
• Build Your Team
• Run a Concrete Business — Start Making Money!

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How To Write a Winning Concrete Construction Business Plan + Template

Creating a business plan is essential for any business, but it can be especially helpful for concrete construction businesses who want to improve their strategy and/or raise funding.

A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you are going to accomplish it. In order to create an effective business plan, you must first understand the components that are essential to its success.

This article provides an overview of the key elements that every concrete construction business owner should include in their business plan.

Download the Ultimate Construction Business Plan Template

What is a concrete construction business plan.

A concrete construction business plan is a formal written document that describes your company’s business strategy and its feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Concrete Construction Business Plan?

A concrete construction business plan is required for banks and investors. The document is a clear and concise guide of your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Concrete Construction Business Plan

The following are the key components of a successful concrete construction business plan:

Executive Summary

The executive summary of a concrete construction business plan is a one to two page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

• Start with a one-line description of your concrete construction company
• Provide a short summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started, and provide a timeline of milestones your company has achieved.

If you are just starting your concrete construction business, you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your concrete construction firm, mention this.

Industry Analysis

The industry or market analysis is an important component of a concrete construction business plan. Conduct thorough market research to determine industry trends and document the size of your market. 

Questions to answer include:

• What part of the concrete construction industry are you targeting?
• How big is the market?
• What trends are happening in the industry right now (and if applicable, how do these trends support your company’s success)?

You should also include sources for the information you provide, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, a concrete construction business’ customers may include:

• Building contractors
• Commercial property developers

If you are targeting multiple customer segments, be sure to include information about how your company plans to market to each group.

You can include information about how your customers decide to buy from you as well as what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or concrete construction services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will be different from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation or advantage; that is, in what ways are you different from and ideally better than your competitors.

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be laid out, including the following 4 Ps.

• Product/Service : Detail your product/service offerings here. Document their features and benefits.
• Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
• Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
• Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, launch a direct mail campaign. Or you may promote your concrete construction business via a combination of these marketing channels.  

Operations Plan

This part of your concrete construction business plan should include the following information:

• How will you deliver your product/service to customers? For example, will you do it in person or over the phone only?
• What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

The operations plan is where you also need to include your company’s business policies. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, in your Operations Plan, you will lay out the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a concrete construction business include reaching $X in sales. Other examples include hiring X number of new employees, or adding X new clients each month.

Management Team

List your team members here including their names and titles, as well as their expertise and experience relevant to your specific concrete construction industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.

Financial Plan

Here you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix). 

This includes the following three financial statements:

Income Statement

Your income statement should include:

• Revenue : how much revenue you generate.
• Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
• Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Concrete Construction Company

Balance Sheet

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

• Assets : All of the things you own (including cash).
• Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
• Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Concrete Construction Company

Cash Flow Statement

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:

• Cash Flow From Operations
• Cash Flow From Investments
• Cash Flow From Financing

Below is a sample of a projected cash flow statement for a startup concrete construction business.

Sample Cash Flow Statement for a Startup Concrete Construction Company

Finally,  include an appendix section which will include:

• Your complete financial projections
• A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
• Any other documentation which supports what you included in the body of your business plan.

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your concrete construction company. It not only outlines your business vision but also provides a step-by-step process of how you will accomplish it.

A well-written business plan is an essential tool for any concrete construction company. The tips we’ve provided in this article should help you write a winning business plan for your concrete construction company.  

Finish Your Concrete Construction Business Plan in 1 Day!

Wish there was a faster, easier way to finish your concrete construction business plan?

With our Ultimate Construction Business Plan Template you can finish your plan in just 8 hours or less!

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How to Start a Concrete Business in 14 Steps (In-Depth Guide)

Updated:   February 13, 2024

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The global concrete industry is rapidly growing. With a projection of a compound annual growth rate (CAGR) of 6% from 2022 to 2032 , now is a great time to start your own concrete business. At this rate of growth, concrete could reach a value of $218.79 billion by 2032.

This guide will walk you through the steps on how to start a concrete business. Topics include sourcing equipment for the construction industry, market research for your business plan, opening a business bank account, obtaining general liability insurance, competitive analysis, registering an EIN, and more. Read on for everything you need to become a business owner.

1. Conduct Concrete Market Research

Market research is essential to starting a small concrete business. To develop a concrete business plan, you need to know about your target market, local market saturation, trends in successful concrete business services, and more.

Some of the details you’ll learn as you develop an entire business plan for your concrete business include:

• The residential and commercial building sectors account for over 70% of concrete demand in the US.
• Single-family home construction utilizes significant concrete for foundations and flatwork.
• Commercial builds require concrete for structures, parking lots, and landscaping features.
• For entrepreneurs, the concrete contractors industry presents a $55 billion market opportunity just within the United States.
• Over 70,000 businesses provide concrete services from mixing and pouring to finishing and installation.
• The largest firms earn over $1 billion annually, while small operators can thrive locally.
• Profit margins for concrete contractors average over 9%, with demand spread across public infrastructure projects, residential builds, and commercial developments.
• Most firms are small, privately-held businesses serving a local area.
• Barriers to entry remain low, making the concrete service sector accessible for new startups.
• Key factors for success include efficient fleet management, quality mix designs, experienced crews, and strong project management.
• Building a reputation for consistent, timely work and standing behind warranties is critical.
• Many contractors expand into adjacent services like masonry, drainage, and paving to provide full-service options.
• While major infrastructure bills and rising construction activity create growth, concrete contractors face challenges from fluctuating material costs and labor shortages.

In summary, the massive scale and steady growth of the global concrete industry provide an attractive and durable market for entrepreneurs to launch construction-related businesses. With careful planning, quality execution, and sound business practices, new concrete contractors can succeed.

2. Analyze the Competition

Thorough competitive analysis is crucial when starting a concrete business. Locally, identify who the major concrete contractors are by reviewing industry lists, permit data, and commercial projects in the area.

Some ways to learn more about the competition include:

• Research the pricing and services of competitors by requesting quotes as a prospective customer.
• Analyze the estimates to see how they position and price projects. Gather intel on their production capacity and fleet size as indicators of their scale.
• Look for home builder reviews on sites like Yelp and Angi to assess reputation and feedback on local concrete contractors.
• Positive reviews and ratings suggest quality and care in work.
• Evaluate the digital presence and marketing of rivals through websites, social media, and advertising platforms.
• Consider alternative services such as concrete painting or other specific situations where concrete might be used (to block off annoying pests , make a new driveway, etc.)
• Modern contractors rely heavily on digital promotion to analyze SEO health, website conversions, email marketing, and social engagement.
• Use Google Trends to assess web search volume and traffic for competitors.
• Identify highly rated firms with strong web visibility to understand what success looks like online in your market.

In the end, synthesize research to determine market leaders, rising players, struggling contractors, potential partners, and opportunities to compete on service, specialty projects, sustainability, or technology.

3. Costs to Start a Concrete Business

Launching a concrete company requires significant upfront capital investment in equipment, facilities, and operating expenses. Total start-up costs often range from $500,000 to over $1 million.

Start-up Costs

• Concrete trucks – $150,000 to $200,000 per truck for a new mixer truck. Many new companies buy used trucks for $75,000 to $100,000 each initially. A fleet of 3-5 trucks is recommended to handle multiple jobs.
• Forms – Forms for pour-in-place concrete can cost $10,000 to $30,000. Form rentals minimize initial costs.
• Finishing equipment – Concrete finishers, trowels, jointers, and screeds cost $3,000 to $10,000 each. A basic package runs around $25,000.
• Miscellaneous equipment – Shovels, rakes, hand tools, wheelbarrows, and generators add another $5,000-$10,000.
• Office – Basic office setup with computers, phones, furniture, and supplies will be $15,000 minimum.
• Yard/warehouse – A 1-2 acre concrete yard with batch plant, aggregate bins, and workshop will cost at least $200,000 to purchase or construct. Renting an existing facility helps lower initial investment.
• Insurance – General liability and commercial vehicle insurance averages $20,000 annually. Workers’ comp adds additional costs.
• Licensing – Business licenses, commercial driver’s licenses, and permits add up to thousands in fees.
• Staff – Estimators, managers, foremen, and equipment operators will require at least $250,000 in annual payroll expenses.

Ongoing Costs

Payroll, insurance, maintenance, and fuel can exceed $100,000. Annual costs for equipment repair, truck replacement, and facility upkeep can surpass $200,000. Rough estimates for recurring costs:

• Payroll – $15,000 to $30,000+ per month depending on staff size
• Equipment/truck repairs – $5,000 per month per truck
• Fuel – $8,000 to $12,000 monthly
• Insurance – $1,500 to $3,000 per month
• Office and utilities – $2,000 to $4,000 monthly
• Parts/supplies – $5,000 monthly

Major annual expenses:

• Truck replacement – $75,000 to $100,000 per truck
• Equipment maintenance – $10,000+ annually
• Facility maintenance – $15,000+ per year
• Business insurance – $20,000+ depending on coverage
• Licensing fees – $2,000+

Getting financing and managing cash flow is crucial when launching a capital-intensive concrete company. Careful cost control and accurate job estimates help minimize losses and keep the business sustainable.

4. Form a Legal Business Entity

When starting a concrete business, choosing the right legal structure is key. The four main options each have pros and cons:

Sole Proprietorship

A sole proprietorship is the simplest structure. There is no legal separation between the business and the owner. The owner reports all income and expenses on their tax return. This offers easy setup and total control, but the owner has unlimited personal liability for debts and legal issues. For hazardous work like concrete construction, this liability is too risky.

Partnership

A general partnership shares control and liability among partners. Income passes through to personal tax returns. However, each partner is jointly liable for all partnership debts and liabilities. One partner’s negligence on a job site could impose legal judgments on all. Still too much liability risk.

Corporation

A corporation provides limited liability for shareholders but results in double taxation. Profits are taxed at the corporate level then again as personal income when distributed to shareholders. There is extensive recordkeeping and paperwork. For small concrete firms just starting, the corporate structure is overly complex.

Limited Liability Company (LLC)

For most concrete contractors, forming a limited liability company (LLC) offers the best protections. LLC owners have limited personal liability and face fewer regulations than a corporation. Profits pass through to the owner’s tax return, avoiding double taxation.

Starting an LLC only requires a simple operating agreement between members. It provides flexibility to admit new co-owners or issue employee stock incentives. LLCs can elect S corporation status with the IRS for certain tax advantages.

5. Register Your Business For Taxes

Before hiring employees or opening business bank accounts, concrete companies must obtain an Employer Identification Number (EIN) from the IRS.

An EIN is essentially a social security number for your business. It identifies your company for key tax and reporting purposes.

While sole proprietors can use their SSNs, having an EIN adds legitimacy and privacy separation between personal and business affairs. It also positions the company to add employees or partners down the road.

Applying for an EIN is free and straightforward using the IRS online application .

To obtain an EIN:

• Gather key information – official business name, address, ownership details, start date
• Designate a responsible party – someone authorized to handle EIN duties
• Navigate to the EIN Assistant and select “View Additional Types”
• Choose “View Additional Types” again on the next page
• Select “Sole Proprietorship” or your appropriate business type
• Provide requested business details and responsible party info
• Print or save the issued EIN confirmation notice

The entire online process only takes a few minutes. The EIN is issued immediately upon completion.

In addition to the federal EIN, concrete businesses should register with their state to collect sales tax and comply with local requirements. State registration portals are accessible online.

6. Setup Your Accounting

Running the finances of a concrete business requires diligent accounting right from the start. With large equipment investments, fluctuating job expenses, payroll, and taxes, getting the numbers right is crucial.

Accounting Software

Implementing QuickBooks or comparable construction accounting software provides concrete contractors with critical financial tracking and reporting capabilities. Integrations with bank accounts, credit cards, and billing systems enable automated categorization of transactions, and centralized management of cash flow.

Hire an Accountant

While accounting software empowers concrete business owners with financial visibility, partnering with an accountant is highly recommended. A qualified accountant provides bookkeeping services to reconcile accounts and ensure accuracy.

They advise on taxes, prepare and file quarterly payroll returns and annual tax documents, and provide ongoing compliance guidance. Expect to invest at least $200-$300 per month for basic bookkeeping and $1,000-$2,000 for annual tax preparation.

Open a Business Bank Account

Keeping personal and business finances completely separate is essential. Maintain separate personal and business bank accounts and credit cards. Never co-mingle funds or pay personal expenses from the business account. Using accounting software and a dedicated business account simplifies separation.

Apply for a Business Credit Card

Applying for a business credit card in the company’s name only helps track concrete business expenditures. Issuers will require the company’s information including EIN and financial details. Credit limits are lower than personal cards but fit business needs.

7. Obtain Licenses and Permits

Before a concrete contractor can begin work, securing proper licensing and permits is crucial to operate legally and avoid hefty fines. Find details for federal license requirements through the U.S. Small Business Administration . The SBA also has a local search tool for state requirements.

• Contractor’s License – General contractor or specialty concrete license allowing commercial work over a certain dollar amount set by each state (often $1,000+ per job). Requires proven experience, insurance, bonding, and passing trade exams.
• Vehicle & Equipment Registration – Registration for all trucks, trailers, and heavy equipment over certain GVWRs. Ensures compliance with DOT regulations for commercial vehicles operating on public roads.
• Commercial Driver’s License (CDL) – CDL for any driver operating a vehicle over 26,000 lbs. GVWR or transporting quantities of hazardous materials. Concrete mixer drivers must obtain a CDL.
• Operating Authority – Motor carrier authority through FMCSA for interstate concrete work. Requires USDOT number, insurance, and process agent.
• Professional Certifications – Optional but valued concrete credentials through groups like ACI, NRMCA, and NCCER for quality control, project management, etc.

At the local level, common permits needed include:

• Building Permits – Permits from local building departments are required to pour concrete for residential or commercial projects to ensure code compliance.
• Excavation Permits – Allows concrete demolition, digging, trenching, or grading work near underground utilities or on public property. Protects against unsafe digging and infrastructure damage.
• Traffic Control Permits – For work zones impeding traffic on local roads. Requires approved traffic control plans to manage public safety and mobility.

Failing to properly license trucks, drivers, and contractors or neglecting to secure required permits for concrete jobs can lead to shutdowns, revoked ability to operate, and stiff fines that threaten business viability. Working with local regulators and following all rules is imperative for smooth legal operations.

8. Get Business Insurance

Carrying proper business insurance is crucial for concrete contractors to mitigate risk and safeguard their company. Without coverage, a single incident could lead to massive expenses and financial ruin.

Key risks include:

• An employee getting injured on the job opens up the company to expensive workers’ comp claims and medical bills.
• A concrete truck being involved in an accident and causing property damage, injuries, or fatalities without adequate auto liability limits.
• Shoddy concrete work on a project led to a lawsuit from an angry customer over cracking or disintegrating concrete.

To apply for insurance, concrete contractors should inventory their risks and get quotes from leading providers like Progressive and State Farm .

Common policies include:

• General liability – Protects against third-party property damage and bodily injury claims.
• Commercial auto – Covers vehicles and drivers for accidents or injuries.
• Workers’ compensation – Pays out benefits for employees injured on the job.
• Umbrella – Provides additional liability limits beyond underlying policies.

Following these steps helps ensure concrete contractors have adequate, affordable coverage specific to their operations and risks. With the right protection, they gain peace of mind knowing the business is shielded from financial havoc.

9. Create an Office Space

Having a professional office space lends legitimacy and provides a centralized hub for concrete contractors to meet with clients, manage staff, and run the administrative side of the business.

Home Office

A home office in a spare room or basement keeps costs low. For $100-$200 in basic supplies, solo operators can set up a workspace for making calls, preparing estimates, and managing digital tasks. However, home offices lack separation and a professional atmosphere for sales meetings and interviews.

Coworking Office

Coworking spaces like WeWork offer convenient shared offices on flexible terms starting at around $300 per month. They provide modern amenities and networking while allowing concrete contractors mobility. However, equipment parking and storage pose challenges.

Retail Office

Retail office spaces in plazas near population centers offer accessibility for sales and client meetings. Small offices lease for approximately $1,000 – $1,500 monthly. Retail sites allow branding but lack industrial space for inventory.

Commercial Office

Renting commercial warehouse space combines offices with the operational side. 1,000 – 3,000 square foot spaces lease for $2,000 – $4,000 monthly. The ability to store equipment and inventory onsite improves efficiency but leasing full buildings has high overheads.

10. Source Your Equipment

Launching a concrete company requires acquiring essential equipment like mixer trucks, pumps, forms, finishers, and hand tools. For quality and reliability, buying new is ideal but requires major capital. More affordable options include buying used, renting, or leasing equipment.

Purchasing new trucks, mixers, forms, finishing tools, etc. from manufacturers or dealers ensures optimal condition and warranty coverage. However, costs can exceed $750,000 for a basic package. Financing new equipment leads to high-interest payments.

Buying used equipment through auctions, dealers, or private sellers reduces the upfront cash needed. Mixer trucks, pumps, generators, forms, and finishing tools can be purchased for 40-60% off retail if in good shape. Check equipment history reports when possible.

Online marketplaces like Facebook , eBay , and Craigslist enable searching for deals on used concrete equipment locally. Compare conditions and pricing across platforms.

Renting equipment as needed for projects limits capital outlay. Big retailers like Home Depot offer reasonable daily and weekly rental rates for common tools and forms. For mixer trucks, specialized rental companies exist in most regions.

Leasing equipment through financing companies spreads costs over time with fixed monthly payments and the opportunity to upgrade later. Leasing deals often have buyout options. But repairs and excess wear-and-tear add hidden fees.

11. Establish Your Brand Assets

Developing a strong brand identity is crucial for concrete contractors to attract clients and stand out. A polished brand conveys professionalism and quality.

Get a Business Phone Number

Getting a unique local phone number via a service like RingCentral adds legitimacy and convenience to customer calls. Choose a number with the business name or keywords to boost search visibility.

Design a Logo

Create a company logo that instantly communicates the brand identity. Options like Looka provides affordable, high-quality logo design services starting at $20. Choose simple concrete-inspired imagery like colored squares or layered lines to project solidity.

Print Business Cards

Print professional business cards, job site signs, and vehicle magnets using Vistaprint . Include the logo, phone, website, and memorable tagline like “Rock-Solid Concrete Solutions”. Quality cards get handed out at conferences, networking events, and sales meetings.

Buy a Domain Name

Purchase a domain name incorporating the concrete company name or locality. Options like Namecheap make registering .com domains affordable at around $15 annually. Choose short, simple domains that are easy to remember and spell.

Design a Website

Building a website on platforms like Wix lets concrete contractors showcase past projects, highlight services, and publish contact info for lead generation. For $10-$30 per month, handy templates create professional sites without coding.

Alternatively, hiring web developers on Fiverr starts at around $200. Experts craft customized sites aligned to brand style for a turnkey solution. However, the lack of DIY control raises long-term costs.

12. Join Associations and Groups

Joining local and national concrete industry groups provides invaluable connections and growth opportunities for new contractors.

Local Associations

Seeking out regional industry associations like the Nebraska Concrete & Aggregates Association offers access to training, networking events, mentoring programs, and bid opportunities. Annual dues range from $250-$750.

Local Meetups

Attending area meetups and trade shows expands professional networks and showcases services. Sites like Meetup list frequent local construction networking events to mingle with fellow contractors, suppliers, developers, and more.

Facebook Groups

Industry online groups on Facebook allow chatting with concrete pros across the world. Top options include:

• Concrete Foundations and Form Work
• USA Concrete Pumping
• Decorative Concrete Contractors USA

Surrounding yourself with seasoned veterans provides guidance and keeps skills sharp. Memberships also boost professional credibility and job bidding networks. Joining supportive concrete communities is invaluable for newcomers.

13. How to Market a Concrete Business

Implementing an effective marketing strategy is essential for concrete contractors to continually generate new business. While referrals from happy customers provide an excellent start, additional outreach secures leads.

Personal Networking

Leveraging one’s professional network should come first. Reach out to friends in construction, development, architecture, and related fields. Offer free estimates or discounted introductory pricing to incentivize referrals. Provide thank-you gifts to show appreciation.

Digital Marketing

• Launch Google Ads campaigns targeting searches like “concrete contractors [city]” to appear at the top of results.
• Run Facebook and Instagram ads showcasing past projects to reach local homeowners planning renovations.
• Create a YouTube channel with tutorials on pouring techniques or project walkthroughs to demonstrate expertise.
• Start an email newsletter with concrete tips, company news, and promotional offers sent to prospects.
• Host a booth or sponsor events at regional home shows to make in-person connections.
• Blog about decorative concrete applications and link to the company site to improve SEO.

Traditional Marketing

• Design professional mailers with free estimate offers and mail to local households.
• Place listings in regional home improvement magazines and directories.
• Distribute flyers and menus of services to area real estate offices, interior designers, architects, and contractors.
• Sponsor a local youth sports team and offer a discount on team members’ concrete work.
• Advertise on small billboards along high-traffic routes through town.
• Run occasional radio spots highlighting current promotions.

With a balanced digital and traditional marketing plan, concrete contractors can keep the pipeline full of new clients and communication flowing with existing customers. This ongoing brand exposure cements the business as a trusted local leader.

14. Focus on the Customer

Providing exemplary customer service is crucial for concrete contractors to gain referrals and repeat business in a competitive market.

Some ways to improve customer focus for construction companies include:

• Small touches make a big difference – following up after estimating to ensure needs are met, answering questions promptly, and keeping clients updated on project timelines and next steps.
• Exceeding expectations also wins loyalty. For example, taking extra time to create decorative finishes on a front walkway or sealing concrete to protect against staining shows clients their satisfaction matters.
• Following each job, sending thank you notes and asking for reviews on sites like Google and Yelp makes customers feel valued.
• Responding professionally to any less-than-perfect feedback resolves issues and improves future work.
• Concrete construction is messy and disruptive. Crews should keep work areas tidy and contained while on site.
• Providing drop cloths or tarps to protect belongings reduces stress. Finishing cleanup thoroughly each day maintains positive relations.
• Taking these steps earns referrals as customers recommend the contractor to friends and neighbors.
• Half of the new business can stem from word-of-mouth if customers have outstanding experiences.

By training staff on exemplary service and monitoring satisfaction, concrete companies gain an excellent reputation that fuels growth. In a commodity business, a focus on the customer relationship makes the difference between sinking and rising to the top.

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Step by Step Guide on How to Start A Concrete Business

Thinking of starting a concrete business? Have confidence that you made a smart choice. Starting a new business can be immensely profitable with proper planning, execution, and effort. However, in order to be successful, it’s essential that you first learn how to start a concrete business properly!

The advantage of running your own construction business includes having total control of scheduling, salary, and clientele decisions. In the construction industry, starting a concrete business is a popular option because learning the fundamentals of concrete work takes only a few months.

Grow Your Concrete Business with Field Promax. Sign Up Now.

Understanding a specific business and its operations may help you grasp all the requirements to start one on your own. We’ve put together this blog with 11 easy steps explaining how to start a concrete business successfully.

Table of Contents

How Profitable is Concrete Contractor Business

A concrete company is essentially a construction company that specializes in concrete work. This may involve mixing, pouring, and forming concrete into residential and commercial structures. Concrete contractors typically begin their careers as concrete laborers, where they learn how to mix, pour, and shape concrete and how the material functions.

The concrete business, essential in construction and infrastructure development, presents a vast scope for profit with the right strategies and execution. As global urbanization increases, concrete demand remains consistently high, creating an invaluable market for businesses operating within this field. One primary factor contributing to its lucrativeness lies within the construction industry; whether residential, commercial, or industrial projects are involved, concrete is an essential component. Such constant demand ensures customers ranging from individual contractors up to large-scale construction firms.

Recently, the concrete industry has experienced rapid expansion. By 2022, its global market size had reached USD 363.67 billion; by 2030 it is projected to have grown from USD 405.99 billion (in 2023) to an anticipated figure of 544.55 billion – showing compound annual growth rates of 4.3% during its predicted timeline. Evidently, it is a rapidly growing industry with immense potential. And naturally, the scope of making profits with this business also looks rather promising.

Furthermore, experts point out that the rising adoption of green cement to construct eco-friendly and sustainable buildings will promote market growth. As part of an effort to reduce the threat posed by emissions, the manufacturing process can be modified to reduce emissions substantially. This product uses a carbon-negative manufacturing technique that minimizes pollution during unit operations. It is a sustainable solution that addresses serious environmental concerns by reducing the carbon footprint during production. Therefore, if any concrete business owner decides to try and expand their business with green cement, they are more likely to leverage a better profit margin.

How to Start A Concrete Business

Typically, to start a concrete business, you need at least some experience in the concrete or construction industry, as well as business savvy, to help you organize your company effectively and manage daily operations. In today’s age of digital transformation, however, that task has become way easier than it was ever before. You can easily streamline your processes using a digital business tool such as a concrete business management software solution, also known as concrete software. No matter the convenience of doing business online these days, starting up one requires knowing some basics on how to start up one’s own enterprise first. There are technicalities and regulations you must abide by, as well as basic management strategies you should utilize when starting off your venture.

If this seems challenging, don’t panic – you can find everything that you require to start your own business here. Just follow these steps, and you will be ready to start a concrete business.

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to establish a competitive edge for your business. Utilizing the research results, determine what specific line of concrete business you would like to start before creating your plan and hiring contractors for installation and setup services. Residential and commercial concrete construction share many similarities but also differ in a few key areas. Residential concrete work often involves smaller projects and less liability, which can mean fewer permits or licenses. Depending on your skill level and comfort working with concrete, residential work might be a good starting point. Research each option to determine startup costs, what kind of labor each kind of concrete work requires, and what materials and equipment you might need.

As soon as you identify your niche or market, create your business plan. A business plan outlines your organization’s structure, functions, and operational details – both long-term goals for the venture as well as short-term considerations such as loans or investments needed for startup costs. A professional and organized plan may even help secure loans or investments necessary to get things underway! If it’s your first attempt, consulting an attorney might prove invaluable for crafting the perfect document! Your business plan must encompass these sections:

• Executive Summary – This section should summarize your entire business plan so readers can quickly understand the key details of your concrete business.
• Company Overview – This section tells the reader about the history of your concrete business and what type of concrete business you operate. For example, are you a concrete pumping, concrete cutting, concrete grinding, shotcrete, or precast concrete business?
• Industry Analysis Here you will document key information about the concrete industry. Conduct market research and document how big the industry is and what trends are affecting it.
• Customer Analysis In this section, you will document who your ideal or target market is and their demographics. For example, how old are they? Where do they live? What do they find important when purchasing products or services like the ones you will offer?
• Competitive Analysis Here you will document the key direct and indirect competitors you will face and how you will build a competitive advantage.
• Marketing Plan Your marketing plan should address the 4Ps: product, price, promotion, and place.
• What start-up costs will you incur?
• How will your concrete business make money?
• What are your projected sales and expenses over the next five years?
• Is additional funding required to launch your business?

The first step to starting a concrete business is to choose your business name.

This is a very important choice since your company name is your brand and will last for the lifetime of your business. Assuming you want your name to be meaningful and memorable, here are a few suggestions on selecting one:

• Make sure the name is available: Check your desired name against trademark databases and your state’s list of registered business names to see if it’s available. Also, check to see if a suitable domain name is available.
• Keep it simple: The best names are usually ones that are easy to remember, pronounce, and spell.
• Think about marketing: Think of a name that accurately represents your desired brand or focus of business.

Next, you need to choose a legal business structure for your new concrete business and register it and your business name with the Secretary of State in each state where you operate your business.

You may choose from the four standard business structures:

• Sole proprietorship
• Partnership
• Limited liability company
• Corporation

Once you’ve picked the perfect business name and structure, it’s time to make it legal and protect your brand. If you’re doing business under a name other than your own, you’ll need to register with the federal government and maybe your state government, too.

Certain state permits and licenses may be needed to operate a concrete business. Here are the general permits necessary for starting up any operations:

• Register Your Business Name: To do this, work through the Small Business Association (SBA). They offer registration services which you can utilize in order to officially register your company name with them.
• Get your EIN: Your EIN is your Employer Identification Number. It’s like a Social Security Number (SSN) for your business. Your EIN provides you with multiple benefits, so get yours right away.
• Get your business license: Check with your state to secure your business license
• Achieve Occupational Safety and Health Administration (OSHA) compliance: Review OSHA’s specific training requirements and ensure that you have fulfilled them all to maintain compliance.

Using dedicated business banking and credit accounts is essential for personal asset protection. When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as “piercing your corporate veil.” Additionally, learning how to build business credit can help you get credit cards and other financing in your business’s name (instead of yours), better interest rates, higher lines of credit, and more.

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business insurance protects your company’s financial well-being in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with general liability insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business. Another notable insurance policy that many businesses need is workers’ compensation insurance. If your business will have employees, there’s a good chance that your state will require you to carry Workers’ Compensation coverage.

Marketing materials will be required to attract and retain customers to your concrete business. The key marketing materials you will need are as follows;

• Logo: Spend some time developing a good logo for your concrete business. Your logo will be printed on company stationery, business cards, marketing materials and so forth. The right logo can increase customer trust and awareness of your brand.
• Website: Likewise, a professional concrete business website provides potential customers with information about the products and/or services you offer, your company’s history, and contact information. Importantly, remember that the look and feel of your website will affect how customers perceive you.
• Social Media Accounts: Establish social media accounts in your company’s name. Accounts on Facebook, Twitter, LinkedIn and/or other social media networks will help customers and others find and interact with your concrete business

To start a concrete business, you’ll need a few essential pieces of equipment. A mixer is necessary to blend the cement, sand, and water together. You’ll also need a wheelbarrow or a concrete truck to pour the concrete mixture into molds. Finally, you’ll need a saw to cut the concrete products to size.

Additional equipment that can be helpful includes a trowel for smoothing the concrete, a broom for cleaning up, and a wet saw for cutting precise angles. With the right equipment, you’ll be able to produce high-quality concrete products for your customers.

Just as essential as physical equipment is digital tools to facilitate business operations. And the single most useful asset you have available to your enterprise today -concrete management software solutions – should not be underestimated as part of this mix.

Simply stated, automation tools automate business processes to help streamline operations and increase efficiency in tasks such as scheduling and dispatching employees to appointments, monitoring time, time tracking activities for business analysis reports, and billing and invoicing tasks, among others. They even offer advanced features like GPS tracking of employees in real-time; cloud storage to manage databases remotely from anywhere; QuickBooks integration capabilities, etc. It can also serve as your concrete estimating software, thanks to its superior estimating features.

Concrete dispatching software will significantly boost productivity and profitability while streamlining workflow so you can focus on more important tasks – like expanding your business or finding new customers.

Going through the detailed discussion above, we hope you have gained a clear understanding of the various steps of starting a concrete business.

But when things start to roll and you need to act on your feet, it could be a little difficult to refer to an elaborate document and make sure you are doing everything right.

To help you further, here is a brief checklist that guides you through starting your new venture. You may keep it handy to check from time to time and even download it to share with your partners and stakeholders if need be.

Checklist for Starting a Concrete Business

• Conduct thorough market research to understand the local demand for concrete services.
• Develop a comprehensive business plan outlining your goals, target market, and financial projections.
• Register your business and obtain the necessary licenses and permits.
• Comply with local building codes and regulations.
• Acquire insurance coverage for your concrete business, including liability and worker’s compensation insurance.
• Identify and purchase the necessary equipment for mixing, transporting, and pouring concrete.
• Establish relationships with suppliers for concrete and other construction materials.
• Hire experienced concrete professionals, including mixers, finishers, and drivers.
• Ensure that your team is trained in safety protocols and best practices.
• Set up a robust accounting system to track expenses, revenue, and profits.
• Establish relationships with banks and financial institutions for business loans or lines of credit if needed.
• Develop a strong brand identity for your concrete business.
• Create a marketing strategy to reach potential clients through online and traditional channels.
• Network with local contractors, builders, and construction companies.
• Offer competitive pricing and promotions to attract initial clients.
• Implement stringent safety protocols for your workforce and adhere to industry safety standards.
• Research and select a suitable field service management software tailored for construction and concrete businesses.
• Sign up for the chosen software to streamline scheduling, dispatching, and overall project management.
• Provide training to your team on how to use the field service management software effectively.
• Ensure that everyone is proficient in utilizing the software for tasks such as job tracking, inventory management, and invoicing.
• Establish quality control measures to ensure that your concrete meets industry standards.
• Regularly inspect and maintain your equipment to prevent downtime and maintain quality.
• Stay informed about eco-friendly concrete options to meet the growing demand for sustainable construction materials.
• Implement environmentally responsible practices in your operations.
• Collect feedback from clients to continually improve your services.
• Adapt to market trends and technological advancements to stay competitive.
• Plan for the future growth and expansion of your concrete business.
• Consider diversifying your services or entering new geographic markets.

By following this step-by-step checklist, you can lay a solid foundation for your concrete business, from legal compliance and equipment acquisition to effective management through field service management software.

Today, automation is essential if you wish to run your business efficiently and productively. In today’s digital era, maximizing resources requires investing in some digital tools – automate or perish! In today’s market, you will have plenty of software solutions and mobile apps to achieve this goal. This includes accounting software, concrete estimate software, ERP software, measuring apps, planners, and so on. But the best software you can invest in for your concrete business is Field Promax. It provides all of the features on one single platform at the most affordable rate.

A little pro-tip here, start using concrete management software from the get-go if you want to make the most of your resources.

So, wait no more. Sign up for Field Promax Concrete Software today!

For more information contact Field Promax today .

Author Name :

My world is made up of codes. It is the central element that drives my universe. I am a self-taught, process-driven programmer with a creative bent of mind. Since I was an engineering student, I dreamt of creating something unique. To satiate my creative appetite, I took to coding. Blessed with abundant support and generous scholarships from my employers, I simultaneously worked full-time and pursued my dream. My passion and high productivity helped me in my journey as well. Finally, I created Field Promax to follow my drive of coding and streamlining processes; and do more of what I know best—coding.

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How to Start a Concrete Business [The Ultimate Guide]

Embark on a solid entrepreneurial journey with our ultimate guide on starting a concrete business, packed with expert tips for a strong foundation.

Embarking on the journey of starting a concrete business requires a solid grasp of the industry's current state and an eye on its future developments. The concrete business landscape is as enduring as the material itself, with a robust foundation in construction and an ever-expanding scope that touches upon residential, commercial, and industrial projects. Aspiring entrepreneurs must navigate this terrain with a keen understanding of operational nuances, market demands, and the role of concrete in modern construction.

With technology's forward march, the concrete sector is not left behind. Emerging trends are shaping the way concrete businesses operate, from advancements in mixing and curing to green technologies that reduce environmental impact. These innovations open up new opportunities for differentiation and efficiency in a competitive market. Staying abreast of these trends isn't just beneficial; it's essential for anyone looking to cement their place in the concrete industry and pour the foundation for a successful enterprise.

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Creating a Concrete Business Plan

Embarking on a concrete business venture begins with a robust business plan, a blueprint that maps out the path from foundational steps to industry dominance. A well-structured plan not only guides the business through the initial startup phase but also provides direction for scaling operations and adapting to market changes. It outlines the business's core objectives, sharpens the focus on the target market, and paves the way for sustained growth. By setting clear goals and identifying the ideal customer base, the plan becomes a powerful tool for steering the business toward long-term success.

Defining Business Objectives

Your concrete business's success hinges on clear and achievable objectives. These should outline what the business intends to accomplish in its initial years, including market penetration, revenue milestones, and specific business achievements. Objectives should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. They'll serve as checkpoints that help you evaluate progress and make necessary adjustments to your business strategy.

Identifying Your Target Market

Understanding who needs your concrete services is pivotal. Will you focus on residential clients, commercial contracts, or niche markets requiring specialized concrete work? Identifying your target market involves researching who the buyers are, what drives their purchasing decisions, and how best to reach them. It may involve demographic analysis, market surveys, and a review of competitors to clearly define the most lucrative and accessible segments.

Planning for Long-Term Growth

Sustainable growth in the concrete industry requires forward-thinking and flexibility. This aspect of your business plan should outline potential future services, expansion into new markets, and the adoption of technological advancements. It's about anticipating how you'll meet increasing demands, scale your operations effectively, and adapt to changes in the construction industry while maintaining profitability.

Crafting a Business Future

Your concrete business plan is a living document, one that should evolve as your business grows and the market landscape shifts. The conclusion of this plan should reaffirm the commitment to your business's core objectives, underscore the importance of knowing your market, and emphasize the need for adaptability in pursuit of long-term growth. It's a testament to a future built on solid ground, with the foresight to navigate the ever-changing tides of the construction industry. With a comprehensive plan in hand, you are well-equipped to lay the foundations of a thriving concrete business that stands the test of time and the weight of competition.

Legal and Regulatory Considerations

When launching a concrete business, navigating the legal and regulatory landscape is as foundational as the concrete you'll pour. This part of your journey involves critical decisions about the legal structure of your business, as well as a thorough understanding of the regulations you'll need to comply with. A firm grasp of these legalities not only ensures your business operates within the law but also positions it to minimize risk and maximize protection. From choosing the right business structure to staying on top of local and federal regulations, these steps are crucial in building a business that’s structured to last.

Selecting the Appropriate Business Structure

The choice of business structure affects everything from your liability to how you file taxes. Common structures for a concrete business include sole proprietorship, partnership, limited liability company (LLC), and corporation. Each has its own advantages and implications for personal liability and tax obligations. An LLC, for example, can offer flexibility and protect personal assets, while a corporation could be beneficial for larger businesses that need to raise capital.

Compliance with Local and Federal Regulations

Concrete businesses must adhere to a variety of regulations, including building codes, environmental laws, and safety standards. It’s essential to understand the specifics that apply to your location and area of expertise. This might involve permits for certain types of construction projects, adherence to the Occupational Safety and Health Administration (OSHA) standards, and environmental regulations concerning material use and waste management. Staying compliant not only avoids legal troubles but also builds your reputation as a reliable and trustworthy contractor.

Solidifying Your Business’s Legal Foundation

The legal and regulatory section underscores the significance of laying a proper legal foundation for your concrete business. This groundwork involves choosing a business structure that aligns with your growth ambitions and ensures rigorous compliance with the laws and regulations that govern your operations. As the concrete industry continues to evolve, so too should your approach to these legal aspects, always aiming to safeguard your business against risks and establish a reputation for reliability and integrity in a competitive market. Your commitment to legal diligence is as critical to your business’s structure as the quality of concrete is to your projects.

Financial Planning

Embarking on a concrete business venture requires a comprehensive financial strategy that begins with a clear understanding of startup and operating expenses. Effective financial planning is the bedrock of any successful business, providing a clear roadmap for managing costs, securing funding, and ensuring long-term financial health. It's imperative to anticipate the costs of equipment, materials, labor, and other overheads, as well as to plan for the ebbs and flows of cash that come with the cyclical nature of the construction industry. With a solid financial plan, your concrete business will be well-positioned to lay a strong foundation for growth and profitability.

Estimating Startup and Operating Costs

To get your concrete business off the ground, a detailed estimate of startup costs is crucial. This includes initial investments in heavy-duty equipment, cost of materials, hiring labor, securing a workspace, and other essentials like insurance and marketing. Operating costs also need careful consideration; they will encompass ongoing expenses such as salaries, maintenance, utilities, and raw materials. It's important to factor in the variable costs that can fluctuate based on market prices and the fixed costs that remain constant regardless of business volume.

Securing Funding and Managing Finances

Securing adequate funding is a pivotal step in transforming your concrete business plan into reality. Options range from small business loans and investor funding to bootstrapping and crowdfunding, depending on your business model and financial needs. Effective management of these finances through diligent bookkeeping, mindful budgeting, and strategic investment back into the business is critical for fostering steady growth and navigating the financial complexities of the construction industry.

Cementing Financial Stability

The financial health of your concrete business is dependent on meticulous planning and diligent management. Accurate estimation of costs sets the stage for operational success, while securing the right kind of funding propels growth. Keeping a pulse on your financial state ensures not just survival but the ability to thrive even in challenging economic climates. By making informed financial decisions and planning strategically for the future, your concrete business can solidify its place in the market and build towards a prosperous future.

Setting Up Your Concrete Plant

Starting a concrete business involves more than just a concept; it requires a physical base of operations. Setting up your concrete plant is a pivotal step in establishing a thriving business. The location and equipment of your plant will significantly impact your ability to deliver products efficiently and meet client demands effectively. By selecting an optimal location and investing in the essential machinery, you will create a robust foundation for your business operations, ensuring that your concrete services stand strong against the competition and the rigorous demands of the construction industry.

Choosing the Right Location

The importance of choosing the right location for your concrete plant cannot be overstressed. The site should be accessible to trucks for easy delivery and distribution of concrete, and it should be close enough to your target market to ensure timely delivery while keeping transportation costs down. Additionally, it's essential to consider zoning laws and environmental regulations which may affect your operations. An ideal location is one that balances cost-efficiency with strategic positioning to optimize logistics and customer service.

Equipment and Machinery Essentials

Once the location is set, equipping your plant with the necessary machinery is the next critical step. Your concrete business will require a variety of machinery, from mixers and batchers to conveyors and control systems. Investment in high-quality, durable equipment will reduce maintenance issues and downtime, ensuring a steady flow of product. Furthermore, technology integration can enhance precision in concrete mixes, leading to superior product quality that can distinguish your business in the marketplace.

Solidifying Your Operational Groundwork

In summary, the operational backbone of a concrete business lies in the strategic selection of a location paired with investment in high-quality equipment and machinery. The right location ensures logistical efficiency and compliance with regulations, while state-of-the-art machinery fosters operational excellence and product quality. By solidifying these fundamental aspects, your concrete business is poised to not only meet industry standards but exceed customer expectations, paving the way for growth and success in the competitive construction landscape.

Sourcing Materials and Supplies

In the journey of how to start a concrete business, sourcing the right materials and supplies is a critical step that ensures the delivery of quality products and services. For a business that prides itself on the strength and durability of its offerings, the materials used in production are not just components; they're the building blocks of customer trust and business reputation. Establishing reliable supplier relationships and implementing stringent quality control measures are non-negotiable aspects that concrete business owners must navigate to lay a strong foundation for their enterprise.

Building Relationships with Suppliers

A successful concrete business is underpinned by strong, collaborative relationships with suppliers. Securing a network of dependable suppliers ensures a steady flow of high-quality materials while potentially offering cost advantages through bulk purchasing or long-term agreements. Building rapport with suppliers can also lead to better service, priority treatment, and insights into innovations in material technology. The aim should be to create a win-win situation where your business benefits from reliable sourcing and suppliers are invested in your business success.

Quality Control of Concrete Materials

Quality control of concrete materials is not a place to cut corners. It is a vital process that directly impacts the integrity of the finished product. Establishing rigorous quality control protocols ensures that every batch of concrete meets or exceeds industry standards. By doing so, your business will cultivate a reputation for reliability and quality, which can significantly influence customer loyalty and competitive advantage. The goal is to ensure that from the sand and aggregates to the admixtures and reinforcements, every material reflects the quality your business stands for.

Cementing Business Integrity with Quality and Reliability

The procurement of materials and supplies for a concrete business is about much more than the transactional exchange of goods. It is about cementing relationships that ensure reliability, and instituting quality control measures that guarantee integrity. Aspiring concrete entrepreneurs must prioritize these areas to set their operations on a course of continual quality and reliability. Doing so not only solidifies the business's market position but also builds the trust that is essential for long-term success in the concrete industry.

Hiring a Skilled Workforce

As you navigate the foundational steps of starting a concrete business, assembling a team of skilled professionals is paramount. A skilled workforce is the backbone of any construction-related business, and in concrete services, the expertise and proficiency of your employees can significantly differentiate your offerings in a competitive market. Recruiting the right talent and investing in their training and certification is not just about filling positions; it's about building a strong, competent team that upholds the business's standards of quality and efficiency.

Recruitment Strategies

Implementing effective recruitment strategies is crucial in attracting skilled professionals to your concrete business. It's essential to identify the specific skills and experience needed for various roles within the company and to tailor your recruitment approach accordingly. Utilize job platforms that specialize in the construction industry, engage with trade schools, and consider apprenticeship programs to source candidates who are equipped with the necessary skills or show potential for growth. Clear communication of job expectations, along with the prospects for professional development and growth within your business, can attract top talent.

Training and Certification for Employees

The importance of training and certification in the concrete industry cannot be overstated. Structured training programs ensure that your workforce is knowledgeable about the latest techniques, safety regulations, and industry standards, which are critical for delivering superior service and maintaining a competitive edge. Encouraging and facilitating certification for your employees not only enhances their skill set but also boosts the credibility of your business. An investment in employee development is an investment in the company’s future, fostering a knowledgeable team committed to quality and excellence.

Cultivating Expertise for Industry Leadership

The strategic hiring and development of a skilled workforce are fundamental elements for the success of a concrete business. By employing targeted recruitment strategies and committing to the continuous training and certification of your employees, your business is positioned to deliver exceptional service with a team that exemplifies expertise and dedication. This approach not only strengthens the business's operational capabilities but also elevates its reputation in the marketplace, paving the way towards becoming a leader in the concrete industry.

Marketing and Sales Strategies

In the journey of establishing a thriving concrete business, effective marketing and sales strategies are essential to attract and retain clients. A strong brand presence, robust digital marketing efforts, and strategic bidding on contracts and projects can set the stage for a successful venture in the competitive concrete industry. With these elements in place, your business can effectively communicate its value proposition, reach potential customers where they are most active, and secure profitable projects that contribute to long-term growth and stability.

Branding Your Concrete Business

Branding is more than just a memorable logo; it's about creating a distinct identity for your concrete business that resonates with your target audience. It's essential to convey the quality, reliability, and uniqueness of your services through every facet of your brand. This means having a consistent theme and message across all marketing materials, from business cards to your company's website. A strong brand will help differentiate your business from competitors and build trust with your customers.

Digital Marketing and Social Media Presence

Digital marketing and social media are powerful tools to amplify your concrete business's visibility and engage with customers. A well-designed website optimized for search engines can attract organic traffic, while informative blog posts and whitepapers can showcase your expertise. Social media platforms provide opportunities to create a community around your brand, display your latest projects, and interact directly with both potential and existing customers. Leveraging these digital avenues effectively can lead to increased leads and sales conversions.

Bidding on Contracts and Projects

The ability to successfully bid on contracts and projects is crucial for securing a steady stream of work. This requires a clear understanding of how to prepare competitive yet profitable bids that reflect the value and quality of your work. Utilize market research, understand your costs thoroughly, and keep abreast of industry rates to ensure your bids are compelling. Effective bidding strategies combined with a strong sales process can help your business win projects and maintain a healthy project pipeline.

Cementing Your Market Position

To wrap up, establishing and executing a multifaceted marketing and sales strategy is vital for the growth of a concrete business. From solid branding that echoes the quality of your work to leveraging digital platforms for broader reach and strategic project bidding, these steps are critical in building a strong market presence. By focusing on these core areas, your concrete business will not only attract a loyal customer base but also lay the groundwork for sustainable success and a formidable reputation in the industry.

Operational Management

Operational management is a cornerstone for the success of any concrete business, ensuring that production processes are efficient and that the end product meets the highest quality standards. A well-oiled operational framework combines streamlined production with stringent quality assurance and control, forming the backbone of a reliable and trustworthy business. Understanding and implementing these operational strategies is critical in delivering projects on time, maintaining cost-effectiveness, and guaranteeing customer satisfaction, all of which are pivotal for the long-term sustainability and growth of your concrete enterprise.

Streamlining Production Processes

Efficiency in production processes is vital for keeping your concrete business competitive. Streamlining involves evaluating and refining each step, from material sourcing to the final pour, to eliminate waste and reduce downtime. By adopting lean manufacturing principles, you can ensure that your operation is as efficient as possible, which not only boosts productivity but also enhances employee satisfaction and reduces costs. Employing the right mix of skilled labor and automation, and staying abreast of the latest construction technology can significantly impact the smooth operation of your business.

Quality Assurance and Control

Quality assurance and control are essential components of operational management in the concrete industry. A rigorous quality assurance program starts with the selection of high-quality raw materials and extends to every aspect of the production and delivery process. Implementing regular quality checks and adhering to industry standards helps in preventing errors and ensuring that every batch of concrete meets both company and regulatory standards. This attention to detail helps in building a reputation for reliability and quality in your business, which is invaluable for customer retention and attracting new clients.

Cementing Operational Excellence

The heart of a successful concrete business lies in its operational management. Streamlining production processes for efficiency and enforcing stringent quality assurance and control measures are non-negotiable in ensuring excellence. These practices not only enhance your business's operational effectiveness but also elevate the overall brand in the eyes of your clients. A concrete business that operates like a well-mixed batch—consistent, strong, and reliable—sets itself up as a leader in the field, ready to meet the demands of an evolving construction industry.

Building a Portfolio

For entrepreneurs wondering how to start a concrete business, building a robust portfolio is an invaluable tool that showcases your company's capabilities, craftsmanship, and commitment to quality. A compelling portfolio not only highlights your best work but also serves as a visual proof of your experience, helping potential clients to envision what you can do for them. By carefully documenting completed projects and gathering testimonials and referrals, you can establish credibility and trust in the competitive concrete industry, paving the way for increased visibility and business growth.

Documenting Completed Projects

In the concrete business, the adage "show, don't tell" holds significant weight. Documenting completed projects with high-quality images and detailed descriptions provides prospective clients with tangible evidence of your work's quality and diversity. This visual documentation should cover a range of projects, highlighting different techniques and finishes that demonstrate your team's expertise. Well-presented case studies of significant projects can serve as powerful components of your portfolio, demonstrating your ability to deliver on projects of various scales and complexities.

Testimonials and Referrals

Testimonials and referrals are the cornerstones of trust and reputation in the concrete business. Positive feedback from satisfied customers serves as a vote of confidence for potential clients. Encouraging clients to share their experiences working with your business can give your portfolio a voice, adding a personal touch that resonates with prospective customers. Referrals can also be incentivized through discounts or recognition programs, turning satisfied customers into advocates for your brand and services.

Solid Foundations for Success

In wrapping up this section, remember that a concrete business thrives on the solid foundations of a well-crafted portfolio. Documenting completed projects with precision and curating customer testimonials and referrals are practices that collectively build a strong business reputation. By leveraging a portfolio that reflects quality work and satisfied clients, your concrete business stands to gain the trust and interest of potential customers, laying down the concrete slabs for a prosperous future in the industry.

Growth and Expansion

In the lifecycle of a thriving concrete business, growth and expansion are pivotal stages that can determine long-term success. Embarking on this journey requires a strategic approach to exploring new markets and innovating services. The adaptability to embrace new trends and the foresight to diversify your service offerings can transform a fledgling concrete business into an industry leader. This section delves into the importance of identifying untapped markets and incorporating service innovations, ensuring your concrete business is well-positioned to scale new heights and expand its operational footprint.

Exploring New Markets

Expanding into new markets is a key driver for growth in the concrete industry. This involves researching and identifying potential areas that are underserved or emerging with new construction projects. By understanding the unique needs and competition in these markets, your business can tailor its approach to offer compelling services that meet local demands. Whether it's residential, commercial, or specialized concrete work, being the first to plant your flag in a new area can give your business a significant competitive advantage.

Innovations and Diversification in Services

The concrete industry is continuously evolving, and staying abreast of the latest innovations is crucial for long-term success. Integrating new technologies and techniques into your service offerings can increase efficiency, reduce costs, and improve quality, setting your business apart. Diversifying your services to include new concrete applications, such as decorative or green concrete, can also appeal to a broader client base and open up additional revenue streams. The ability to innovate and diversify reflects a dynamic business that is responsive to industry trends and customer needs.

Solidifying Your Market Position

Growth and expansion in the concrete business are not just about increasing the volume of work but also about strategic positioning and service evolution. Exploring new markets requires a keen eye for opportunity and a deep understanding of customer needs, while innovation and diversification in services demonstrate a commitment to excellence and adaptation. By focusing on these elements, your concrete business can build a durable foundation for expansion, ensuring that it remains competitive and profitable in an ever-changing industry landscape.

Safety and Environmental Compliance

Ensuring safety and environmental compliance is a critical aspect of running a successful concrete business. It’s essential not only for the well-being of your employees but also for the sustainability of the community and environment. A company that prioritizes these areas can also benefit from a positive reputation and potentially lower insurance costs. This segment of the guide emphasizes the need for robust safety protocols and the adoption of sustainable practices, both of which are crucial for a modern concrete business that aims to be responsible and competitive in today’s market.

Implementing Safety Protocols

Implementing rigorous safety protocols is paramount in the physically demanding concrete industry. This involves establishing clear guidelines for operation, providing comprehensive training to employees, and ensuring that all safety equipment is both available and routinely used. Regular safety meetings and drills can help maintain high safety standards. Furthermore, staying up-to-date with Occupational Safety and Health Administration (OSHA) regulations and industry best practices can mitigate risks and protect both workers and the business from the legal and financial consequences of workplace accidents.

Sustainable Practices and Green Initiatives

Adopting sustainable practices and green initiatives is not only beneficial for the environment but also aligns with the growing demand for eco-friendly construction. This can include using recycled materials, optimizing the use of resources to reduce waste, and employing green technologies to lower emissions. By doing so, a concrete business can reduce its environmental footprint and meet the expectations of clients who value sustainability. Moreover, these practices can lead to cost savings over time and improve the long-term viability of the business.

Prioritizing Safety and Sustainability

Integrating safety protocols and sustainable practices into the operations of your concrete business is an investment in the future. A steadfast commitment to safety ensures the protection and morale of your workforce, while environmental compliance positions your business as a forward-thinking and responsible member of the industry. Together, these commitments help secure the longevity of your enterprise, fostering trust and respect from customers, employees, and the community at large. As the concrete industry continues to evolve, businesses that prioritize these areas are likely to stand out and achieve lasting success.

Scaling Your Business

When it comes to scaling a concrete business, efficiency and strategic operations are key to sustainable growth. This section of the guide addresses how to scale your business effectively, emphasizing the importance of leveraging modern technology and adopting scalable strategies. It is essential for business owners to recognize the value of investing in technological solutions that streamline operations and to develop a clear approach for expanding their business's capabilities. By doing so, entrepreneurs can position their concrete business for steady growth and increased market share, ensuring that they are well-prepared to meet the demands of an expanding customer base.

Leveraging Technology for Efficiency

In the digital era, leveraging technology is a cornerstone for any business looking to scale. For a concrete business, this could mean investing in software that enhances project management, improves customer relationship management, or automates supply chain logistics. Technology can significantly cut down on time-consuming tasks and reduce human error, allowing your team to focus on more strategic initiatives. Embracing innovations in concrete mixing and delivery can also result in more efficient operations, directly impacting the bottom line.

Strategies for Scaling Operations

Strategies for scaling operations involve careful planning and the willingness to adapt to change. This might include diversifying service offerings, expanding into new geographical areas, or scaling up workforce and facilities in a phased approach. It is crucial to maintain quality and customer satisfaction while scaling, as they are the bedrock of your business's reputation. Adopting a modular approach to expansion can also help manage risks associated with scaling, ensuring that growth is both manageable and sustainable.

Cementing the Foundation for Growth

The path to scaling a concrete business is paved with the adoption of cutting-edge technology and well-planned operational strategies. By leveraging technology, businesses can improve efficiency and free up resources to focus on expansion efforts. Furthermore, employing deliberate and measured strategies for scaling ensures that growth does not compromise the business's core values or service quality. As a concrete business owner, these principles will help you build a strong, scalable foundation, setting the stage for long-term success and a robust presence in the concrete industry.

Customer Relations and Retention

The cornerstone of any successful concrete business is not just the quality of the concrete poured but also the strength of the customer relationships formed. In this essential section, we delve into the intricacies of customer relations and retention strategies, highlighting the importance of delivering exceptional service and nurturing lasting client relationships. As the industry becomes increasingly competitive, the ability to retain customers through superior service and relationship building is a key differentiator that can set your business apart and ensure a steady stream of repeat and referral business.

Delivering Exceptional Customer Service

Delivering exceptional customer service in the concrete business goes beyond meeting project deadlines and includes the attentiveness and care shown throughout the customer journey. It involves clear communication, understanding client needs, and exceeding expectations at every turn. By ensuring that every interaction is positive and every concrete delivery is flawless, you solidify your reputation in the market. Exceptional service also means being responsive to client inquiries and proactive in addressing potential issues, fostering a sense of trust and reliability.

Building Lasting Client Relationships

Building lasting client relationships is about creating a bond that extends beyond a single project. This can be achieved by consistently providing personalized experiences, actively seeking feedback, and showing genuine appreciation for their business. Regular follow-ups and check-ins can make clients feel valued and keep your business top-of-mind for future projects. Offering loyalty discounts or referral programs can also incentivize clients to return and recommend your services to others, thereby nurturing a long-term partnership.

Cultivating Concrete Commitments

Customer relations and retention are pivotal for the growth of a concrete business. Delivering exceptional customer service is the bedrock of client satisfaction, leading to repeat business and referrals. Meanwhile, building lasting client relationships requires a sustained effort to engage with customers beyond the completion of a project. These practices ensure that your concrete business is not just a one-time service provider but a trusted partner in the construction industry. By committing to these principles, you lay a strong foundation for a robust customer base, vital for the long-term sustainability and success of your enterprise.

Maintaining Industry Standards

In the rapidly evolving concrete industry, maintaining high standards is not just a necessity but a commitment to excellence. This segment focuses on the importance of continuous education and adherence to best practices as the twin pillars of upholding industry standards. For entrepreneurs venturing into the concrete business, it's crucial to stay informed about the latest techniques, regulations, and innovations. Doing so ensures the delivery of top-notch services, reinforces safety measures, and solidifies your reputation as a quality-driven business. Understanding and implementing industry standards is a significant step towards achieving longevity and success in the competitive concrete sector.

Continuing Education and Training

The field of concrete services is one that demands constant learning and skill enhancement. For a business in this niche, investing in continuing education and training is essential. This commitment to learning helps keep your team adept with the latest industry developments, safety protocols, and construction techniques. It’s not just about onboarding new talents but also about fostering an environment where ongoing professional development is encouraged. Education is an investment in the company's intellectual capital and a promise of quality to your customers.

Adhering to Best Practices in Concrete Services

Adherence to best practices is what separates industry leaders from the rest. It encompasses a wide range of operational, environmental, and ethical standards that govern the delivery of concrete services. Staying updated with the best methods in mixing, handling, and applying concrete ensures that each project is not only completed to the highest standards but also contributes to the overall advancement of the industry. It's about setting benchmarks for quality and efficiency that resonate with clients and set the stage for operational excellence.

Cementing Quality with Standards

In wrapping up, the path to a successful concrete business is paved with the commitment to uphold industry standards through continuous education and unwavering adherence to best practices. These elements are essential to differentiate your business, enhance its credibility, and ensure its growth. By fostering a culture of learning and excellence, you can assure clients of your dedication to delivering concrete services that meet the highest standards of quality and safety. This commitment is the foundation of a reputable and resilient concrete business.

Solidifying Your Concrete Venture

As we look towards the future of concrete business, it is evident that the ability to anticipate industry changes will be paramount. Entrepreneurs who stay ahead of the curve, constantly updating their business models and strategies in line with emerging trends, will carve out a leading position in the marketplace. Preparing for technological advancements is not merely an option but a necessity to thrive in this field. The concrete business of tomorrow will be defined by innovative practices, sustainable solutions, and a proactive approach to the evolving construction landscape.

The groundwork for a successful concrete business involves more than just understanding the current market—it's about envisioning where the market is headed and positioning your business to meet future demands. This foresight is a powerful tool, enabling business owners to adapt to new technologies and industry shifts seamlessly. By laying this strategic foundation today, entrepreneurs ensure that their concrete businesses are robust enough to not only withstand future challenges but also to lead the charge in innovation and efficiency. The future is bright for those who are ready to build it with solid plans and visionary goals.

FAQ's - When Starting Your Own Concrete Business

Dive into our quick concrete FAQ section that cover some of the most popular questions that concrete layers just like you asked prior to starting their own concrete business.

What initial steps are crucial when starting a concrete business?

To start a concrete business, you should first conduct market research to understand the demand in your area. Following that, develop a solid business plan outlining your vision, objectives, and strategies. Ensure you have the necessary licenses and insurance, and invest in reliable concrete equipment and materials. Additionally, building a strong network of suppliers and understanding your competitive edge are essential initial steps.

How much capital do I need to launch a concrete business?

The capital required to launch a concrete business can vary greatly depending on the scale of operations. A small startup can begin with around $10,000 to $50,000, which would cover basic equipment, materials, and operational costs. For a larger-scale operation with more sophisticated equipment and a larger crew, the capital requirement can exceed $100,000.

Do I need any specific certifications or licenses to operate a concrete business?

Yes, most localities require business owners to obtain specific licenses to legally operate a concrete business. This often includes a general business license, a contractor's license, and sometimes special certifications if you handle specific types of projects. It's important to check with your local and state government to ensure you meet all legal requirements.

What are the key components of a concrete business plan?

A comprehensive concrete business plan should include an executive summary, company description, market analysis, organizational structure, detailed service offerings, marketing and sales strategies, funding requests, financial projections, and an appendix with additional supporting documents.

How do I ensure quality control in my concrete services?

Quality control in concrete services begins with sourcing high-quality materials from reputable suppliers. It’s also crucial to implement standard operating procedures for mixing and laying concrete, regularly maintain equipment, train employees on best practices, and stay updated with industry standards and new technologies to ensure top-notch service delivery.

Can a concrete business be profitable?

Yes, a concrete business can be quite profitable, especially if it's managed efficiently and caters to a steady demand for construction projects. Profitability can be increased by maintaining high work standards, expanding service offerings, optimizing operations, and building strong relationships with clients for repeat business.

What strategies can I use to attract clients to my new concrete business?

Building a strong local presence through networking events and partnerships with related businesses can attract clients. Invest in a professional website and utilize social media to showcase your work. Offering competitive pricing, exceptional customer service, and ensuring your workmanship stands out are key strategies. Additionally, asking satisfied customers for referrals and reviews can significantly help in attracting new business.

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How to Start a Concrete Business: 5 Tips For Success

Posted on July 23, 2020 |

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Statistics show that there are over 50,000 concrete businesses in the U.S. This includes massive contractors and smaller ones, ready-mix concrete businesses and mixed-concrete businesses, and everything in-between. 

Don’t balk at the number of potential competitors out there, either. There are plenty of ways for a small concrete business to etch out a place for itself in the market. The key is starting with a good foundation, and having the foresight to apply the best practices as you move forward from that foundation. 

With that in mind, here are some key tips on how to start a concrete business:

Establish an effective business plan

You can’t learn about how to start a concrete business without starting with a business plan . This is going to cover the layout of your business strategy and operations, as well as other essential information. 

For example, what types of customers are you going to try and focus on: residential or commercial? That would be included in the plan. This is not only going to serve as a reference plan for your different business teams, but also for potential investors and lenders. 

If you’re struggling with how to put together an effective business plan, there are a lot of templates out there for construction businesses to help you get started. However, you’re going to want to make sure that you customize it as needed to fit the world of concrete.

Think about starting small (but don’t let that hold you back too much)

Offering as many services as possible is a great way to draw in more customers, but you need to be reasonable as a new business. Certain tasks like concrete pours may require expensive equipment to implement, more than you can feasibly afford in the moment. It’s best to make sure that your business plan has a few set services that you are going to specialize in early on. Are you going to focus on concrete floors? Make sure that you have all the tools, equipment, and expertise to provide the best concrete floors possible. 

With this said, you don’t want to stay overspecialized for too long. This will put an effective cap on how many customers you can service. When you are expanding your list of possible services, think strategically. What single piece of equipment can you buy that will open up your potential services by the largest amount? Are there services that complement what you already offer? Also, you want to be proactive, but measured when it comes to hiring new staff. If they don’t work out or you don’t have enough work to keep them on, you’re essentially losing money twice.

Learn how to bid effectively

The art of the bid is one that you need to learn in order to get jobs as a concrete contractor. There’s a balance you need to strike; bid too high and no one will hire you, bid too low and you may get a job, but make no profit. To make sure you’re not stuck, you need to have a solid estimate on how much time and money a given project will take. Estimation software is going to be a great asset here (more on that later). If possible, research what your competitors have been paid for past jobs as well. 

Always focus on safety and compliance

Nothing can sink the reputation of a young construction business faster than a high-profile accident or compliance violation. Plans to get licenses and insurance should always be a part of your basic business plan. However, in the event that you decide to expand into a new area or offer new services, you may need to update this information. Make sure you do your research well ahead of time to avoid violating any rules.

On a site, it’s also important that you keep all your workers safe. This starts with having plenty of supplies, materials and protective equipment on hand, as well as a spare stockpile. Equally important is making sure that you take the time to establish best practices universally. This will minimize the chance of people getting hurt while working.  

Be ready to implement technology into your business

Tech matters in any industry, but for a new small business, it’s arguably one of the best ways for you to close the gap on your larger competitors and general contractors. How can you do this? 

First, make sure that you are using tech on the job site to make things easier for your customers. Something as simple as using e-readers so they can use credit cards can improve their experience. This is especially important if you are focusing on smaller jobs, like residential spaces, where customers may only have one or two methods of payment.

We can’t ignore the role of technology in marketing as well. Yes, conventional radio and television ads still have their use, but you’ll get a lot more ROI if you focus on social media and content marketing instead. You can opt to either create the content on your own or enlist an outside agency. The profile of your ideal customer on your business plan will be essential in either event.

Perhaps one of the most important tools that you should think about implementing is some form of concrete contractor software. A lot of the time, there are efficiency failures that end up costing you money, but you’re not able to notice them at first glance. Management software for the construction industry makes it possible to fully understand your labor productivity.

For the best offerings in this niche, consider eSUB . We can help you chart how long certain tasks take, provide communication with notes from the field to the office, and share project files to make sure that everyone is working on the same page. This can be key to learning how to start a concrete business, and helping a concrete contractor grow. 

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How To Start A Concrete Business

September 21, 2023

Table of Contents

Starting a cementing/concrete business requires planning, commitment, and hard work. Here are the steps you need to take to get your business off the ground.

1. Create a Business Plan – A business plan will help you develop your business goals and objectives, identify your target market, and describe your business model. Make sure to include a marketing strategy and financial projections.

2. Secure Funding – Apply for a business loan or line of credit from a bank or financial institution to finance your business.

3. Obtain Necessary Licenses and Permits – Depending on your state, you may need to obtain various licenses and permits. This includes a contractor’s license, a business license, and a general liability insurance policy.

4. Consider Physical Needs – If you plan on mixing cement from home, you will need to make sure you have an appropriate space for doing so. If you plan to work out of an office, you will need to rent one.

5. Purchase Equipment – You will need to purchase pieces of equipment such as concrete mixers, concrete pump trucks, vibrators, and concrete setting tools.

6. Hire Employees & Contractors – As your business grows, you will need to hire employees, subcontractors, and associated professionals who will help fulfill your business’s needs.

7. Market Your Business – Promote your business both online and offline, such as through direct mail campaigns, newspaper and radio ads, and social media postings.

Follow these steps to start a successful concrete business.

How to Develop a Business Plan for a Concrete Business

Creating a business plan is essential to starting a successful concrete (cementing) business. Your business plan should include your business objectives, target market, business model, marketing strategy, and financial projections. Additionally, you should also include information on obtaining necessary licenses and permits, purchasing equipment, and hiring employees and subcontractors. Additionally, make sure to include a plan to market your business, both online and offline. With this comprehensive plan, you’ll be in a great position to get your concrete business off the ground.

How to Secure Start-Up Funding for Your Concrete Business

To secure start-up funding for your concrete business, you will need to draft a comprehensive business plan that outlines your business objectives, target market, business model, marketing strategy, and financial projections. Once you have a plan in place, seek out assistance from banks, private investors, or venture capital firms. Additionally, you can apply for business loans or lines of credit from these financial institutions. Make sure to provide all necessary documentation to support your request for start-up funding. With a strong business plan and access to the right funding sources, you’ll have the resources you need to get your concrete business off the ground.

How to Obtain Necessary Licenses and Permits

To obtain the necessary licenses and permits for your concrete business, you will need to contact your state’s local government for instructions. Depending on the laws in your state, you may need to obtain a contractor’s license, a business license, and a general liability insurance policy. Once you have secured the licenses and permits, you will be able to operate your concrete business legally and lawfully.

What Physical Needs to Consider When Starting a Concrete Business

When starting a concrete business, it is important to consider the physical needs to be successful. If you plan to mix cement from home, you will need an appropriate space to do so. If you plan to operate out of an office, you will need to rent a space. Additionally, you will need to purchase pieces of equipment such as concrete mixers, concrete pump trucks, vibrators, and concrete setting tools. Finally, to comply with legal requirements, you may need to obtain various licenses and permits. By considering your physical needs ahead of time, you can ensure that your concrete business is properly set up to be successful.

What Materials and Equipment Is Needed to Start a Concrete Business

To start a concrete business (cementing), you will need several materials and equipment. This will include a business plan outlining your objectives, target market, business model, marketing strategy, and financial projections. Additionally, you will need to obtain the necessary licenses and permits in your state. Once you have this setup, you will need to purchase or rent a space for mixing concrete, depending on your business model. Finally, you will need to purchase concrete mixers, concrete pump trucks, vibrators, and concrete setting tools to perform the necessary jobs for your business. With adequate materials and equipment, you can successfully start a concrete business.

Hiring Employees and Contractors for a Concrete Business

When starting a concrete business, it is important to hire the right employees and contractors. This includes securing the necessary licenses and permits, purchasing equipment, and recruiting staff with the appropriate skill set. When looking for employees and contractors, thoroughly research the candidates’ backgrounds and ensure that each one has the necessary qualifications to perform the jobs required. Additionally, offer competitive compensation and benefits and make sure to communicate expectations and job roles to employees and contractors. By hiring the right staff, you can ensure that your concrete business is successful.

Creative Strategies for Marketing a Concrete Business

To ensure your concrete business’ success, effective marketing is essential. To reach your target audience, it is crucial to offer creative strategies and develop a comprehensive marketing plan. This plan should include both online and offline tactics, as well as a combination of paid advertisements and organic content. Additionally, look into using direct mail campaigns, radio and newspaper ads, and social media postings to promote your business. Additionally, set up an online presence and take advantage of SEO and local search marketing to maximize visibility. With calculated and strategic marketing tactics, you can spread awareness about your business and reach new customers.

Developing Networking Opportunities for a Concrete Business

Networking is key to developing and sustaining a successful concrete business. It helps you connect with potential customers and other professionals in the industry who can help you grow your business. To gain the most out of networking opportunities, join relevant industry associations, attend workshops and seminars, and participate in community events. Additionally, make use of digital platforms such as LinkedIn, Facebook, and Twitter, as well as other online forums to build relationships and generate more business leads. Finally, taking on internships and apprenticeships is a great way to gain valuable experience and grow your network. With ample networking opportunities, you can take your concrete business to the next level.

Setting Goals for Your Concrete Business

Setting clear and attainable objectives is key to running a successful concrete business. To ensure all tasks are completed efficiently, determine the overall goals you want to reach and break them down into smaller, more attainable goals. Identify any milestones, develop a timeline, and create achievable objectives. Additionally, set realistic company metrics and KPIs that are measurable and track them regularly. Finally, have accountability measures in place for employees to ensure they are meeting the goals and objectives. With realistic, attainable goals, you and your team can work towards achieving success for your concrete business.

Tips for Deciding on a Location for a Concrete Business

When starting a concrete business, selecting a proper location is key to success. To ensure you make the right decision, there are important factors to consider. First, consider the types of clients your business will serve, and consider areas where they live or where they often travel to. Additionally, assess the competition in the area and whether there is room for your business to thrive. When it comes to the actual building or site, find a space that suits the size of your business, including enough room for equipment and materials. Finally, research zoning regulations to make sure you are using the space legally. With the right location and research, you can ensure the success of your concrete business.

Key Takeaways

Starting a concrete business requires careful planning and thorough research. You’ll need to create a business plan and secure appropriate funding, as well as obtain the necessary licenses and permits. Additionally, consider the physical needs and purchase equipment for your business, and hire qualified employees and contractors. To build your business, you must market and promote it, both online and off. Be sure to also develop networking opportunities, set attainable goals, and choose an appropriate location. With a comprehensive approach, you can ensure a successful start for your concrete business.

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How to Start a Concrete Business

Starting a concrete business can be very profitable. With proper planning, execution and hard work, you can enjoy great success. Below you will learn the keys to launching a successful concrete business.

Importantly, a critical step in starting a concrete business is to complete your business plan. To help you out, you should download Growthink’s Ultimate Business Plan Template here .

Download our Ultimate Business Plan Template here

14 Steps To Start a Concrete Business :

• Choose the Name for Your Concrete Business
• Develop Your Concrete Business Plan
• Choose the Legal Structure for Your Concrete Business
• Secure Startup Funding for Your Concrete Business (If Needed)
• Secure a Location for Your Business
• Register Your Concrete Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Concrete Business
• Buy or Lease the Right Concrete Business Equipment
• Develop Your Concrete Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Concrete Business
• Open for Business

1. Choose the Name for Your Concrete Business

The first step to starting a concrete business is to choose your business’ name.  

This is a very important choice since your company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable. Here are some tips for choosing a name for your own concrete business:

• Make sure the name is available . Check your desired name against trademark databases and your state’s list of registered business names to see if it’s available. Also check to see if a suitable domain name is available.
• Keep it simple . The best names are usually ones that are easy to remember, pronounce and spell.
• Think about marketing . Come up with a name that reflects the desired brand and/or focus of your concrete business.

2. Develop Your Concrete Business Plan

One of the most important steps in starting a concrete company is to develop your business plan. The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business.

Your business plan should include the following sections:

• Executive Summary – this section should summarize your entire business plan so readers can quickly understand the key details of your concrete business.
• Company Overview – this section tells the reader about the history of your concrete business and what type of concrete business you operate. For example, are you a concrete pumping, concrete cutting, concrete grinding, shotcrete, or a precast concrete business?
• Industry Analysis – here you will document key information about the concrete industry. Conduct market research and document how big the industry is and what trends are affecting it.
• Customer Analysis – in this section, you will document who your ideal or target market are and their demographics. For example, how old are they? Where do they live? What do they find important when purchasing products or services like the ones you will offer?
• Competitive Analysis – here you will document the key direct and indirect competitors you will face and how you will build competitive advantage.
• Marketing Plan – your marketing plan should address the 4Ps: Product, Price, Promotions and Place.
• Product : Determine and document what products/services you will offer 
• Prices : Document the prices of your products/services
• Place : Where will your business be located and how will that location help you increase sales?
• Promotions : What promotional methods will you use to attract customers to your concrete business? For example, you might decide to use pay-per-click advertising, public relations, search engine optimization and/or social media marketing.
• Operations Plan – here you will determine the key processes you will need to run your day-to-day operations. You will also determine your staffing needs. Finally, in this section of your plan, you will create a projected growth timeline showing the milestones you hope to achieve in the coming years.
• Management Team – this section details the background of your company’s management team.
• Financial Plan – finally, the financial plan answers questions including the following:
• What start-up costs will you incur?
• How will your concrete business make money?
• What are your projected sales and expenses for the next five years?
• Do you need to raise funding to launch your business?

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3. choose the legal structure for your concrete business.

Next you need to choose a legal business structure for your new concrete business and register it and your business name with the Secretary of State in each state where you operate your business.

Below are the five most common legal structures:

1) Sole proprietorship

A sole proprietorship is a business entity in which the new business owner and the business are the same legal person. The owner of a sole proprietorship is responsible for all debts and obligations of the business. There are no formalities required to establish a sole proprietorship, and it is easy to set up and operate. The main advantage of a sole proprietorship is that it is simple and inexpensive to establish. The main disadvantage is that the owner is liable for all debts and obligations of the business.

2) Partnerships

A partnership is a legal structure that is popular among small businesses. It is an agreement between two or more people who want to start a concrete business together. The partners share in the profits and losses of the business. 

The advantages of a partnership are that it is easy to set up, and the partners share in the profits and losses of the business. The disadvantages of a partnership are that the partners are jointly liable for the debts of the business, and disagreements between partners can be difficult to resolve.

3) Limited Liability Company (LLC)

A limited liability company, or LLC, is a type of business entity that provides limited liability to its owners. This means that the owners of an LLC are not personally responsible for the debts and liabilities of the business. The advantages of an LLC for a concrete business include flexibility in management, pass-through taxation (avoids double taxation as explained below), and limited personal liability. The disadvantages of an LLC include lack of availability in some states and self-employment taxes.

4) C Corporation

A C Corporation is a business entity that is separate from its owners. It has its own tax ID and can have shareholders. The main advantage of a C Corporation for a concrete business is that it offers limited liability to its owners. This means that the owners are not personally responsible for the debts and liabilities of the business. The disadvantage is that C Corporations are subject to double taxation. This means that the corporation pays taxes on its profits, and the shareholders also pay taxes on their dividends.

5) S Corporation

An S Corporation is a type of corporation that provides its owners with limited liability protection and allows them to pass their business income through to their personal income tax returns, thus avoiding double taxation. There are several limitations on S Corporations including the number of shareholders they can have among others.

Once you register your concrete business, your state will send you your official “Articles of Incorporation.” You will need this among other documentation when establishing your banking account (see below). We recommend that you consult an attorney in determining which legal structure is best suited for your company.

4. Secure Startup Funding for Your Concrete Business (If Needed)

In developing your concrete business plan, you might have determined that you need to raise funding to launch your new business. 

If so, the main sources of funding for a concrete business to consider are personal savings, family and friends, credit card financing, bank loans, crowdfunding and angel investors. Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a concrete business that they believe has high potential for growth.

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5. Secure a Location for Your Business

When choosing a location for your concrete business, you’ll want to consider a few things. First, you’ll need to find a place with enough room to store supplies and equipment. You’ll also want to choose a location that is close to your customers, so that you can easily deliver concrete products. Finally, you’ll need to find a place that is affordable with good infrastructure.

6. Register Your Concrete Business with the IRS

Next, you need to register your business with the Internal Revenue Service (IRS) which will result in the IRS issuing you an Employer Identification Number (EIN).

Most banks will require you to have an EIN in order to open up an account. In addition, in order to hire employees, you will need an EIN since that is how the IRS tracks your payroll tax payments.

Note that if you are a sole proprietor without employees, you generally do not need to get an EIN. Rather, you would use your social security number (instead of your EIN) as your taxpayer identification number.

7. Open a Business Bank Account

It is important to establish a bank account in your concrete business’ name. This process is fairly simple and involves the following steps:

• Identify and contact the bank you want to use
• Gather and present the required documents (generally include your company’s Articles of Incorporation, driver’s license or passport, and proof of address)
• Complete the bank’s application form and provide all relevant information
• Meet with a banker to discuss your business needs and establish a relationship with them

8. Get a Business Credit Card

You should get a business credit card for your concrete business to help you separate personal and business expenses.

You can either apply for a business credit card through your bank or apply for one through a credit card company.

When you’re applying for a business credit card, you’ll need to provide some information about your business. This includes the name of your business, the address of your business, and the type of business you’re running. You’ll also need to provide some information about yourself, including your name, Social Security number, and date of birth.

Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build your credit history which could be very important in securing loans and getting credit lines for your business in the future.

9. Get the Required Business Licenses and Permits

To start a concrete business, you will need a business license and a permit to operate. You will also need to meet any other requirements that your state or municipality may have. For more information, contact your local licensing or permitting agency.

10. Get Business Insurance for Your Concrete Business

The type of insurance you need to operate a concrete will depend on the type of business.

Some business insurance policies you should consider for your concrete business include:

• General liability insurance : This covers accidents and injuries that occur on your property. It also covers damages caused by your employees or products.
• Auto insurance : If a vehicle is used in your business, this type of insurance will cover if a vehicle is damaged or stolen.
• Workers’ compensation insurance : If you have employees, this type of policy works with your general liability policy to protect against workplace injuries and accidents. It also covers medical expenses and lost wages.
• Commercial property insurance : This covers damage to your property caused by fire, theft, or vandalism.
• Business interruption insurance : This covers lost income and expenses if your business is forced to close due to a covered event.
• Professional liability insurance : This protects your business against claims of professional negligence.

Find an insurance agent, tell them about your business and its needs, and they will recommend policies that fit those needs. 

11. Buy or Lease the Right Concrete Business Equipment

To start a concrete business, you’ll need a few essential pieces of equipment. A mixer is necessary to blend the cement, sand, and water together. You’ll also need a wheelbarrow or a concrete truck to pour the concrete mixture into molds. Finally, you’ll need a saw to cut the concrete products to size.

Additional equipment that can be helpful includes a trowel for smoothing the concrete, a broom for cleaning up, and a wet saw for cutting precise angles. With the right equipment, you’ll be able to produce high-quality concrete products for your customers.

12. Develop Your Concrete Business Marketing Materials

Marketing materials will be required to attract and retain customers to your concrete business.

The key marketing materials you will need are as follows:

• Logo : Spend some time developing a good logo for your concrete business. Your logo will be printed on company stationery, business cards, marketing materials and so forth. The right logo can increase customer trust and awareness of your brand.
• Website : Likewise, a professional concrete business website provides potential customers with information about the products and/or services you offer, your company’s history, and contact information. Importantly, remember that the look and feel of your website will affect how customers perceive you.
• Social Media Accounts : establish social media accounts in your company’s name. Accounts on Facebook, Twitter, LinkedIn and/or other social media networks will help customers and others find and interact with your concrete business.

13. Purchase and Setup the Software Needed to Run Your Concrete Business

You’ll need some essential software to run your concrete business. You may want to invest in some concrete estimating software to help you calculate your material and labor costs, as well as some construction project management software to help you keep track of your projects and customers. There are several software packages available for concrete businesses, so do some research on the different options to find the one that will suit your needs. 

14. Open for Business

You are now ready to open your concrete business. If you followed the steps above, you should be in a great position to build a successful business and know everything you need about how to start a concrete company. Below are answers to frequently asked questions that might further help you.

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How to Start a Concrete Business FAQs

Is it hard to start a concrete business.

There is no one-size-fits-all answer to this question, as the ease or difficulty of starting a concrete business will vary depending on your skills, experience, and resources. 

However, if you follow the steps above, you should be able to start your concrete business without too much difficulty.

How can I start a concrete business with no experience?

There are a few ways to start a concrete business with no experience. One way is to find a business partner familiar with the industry to help you. Another way is to attend workshops and seminars to learn about what's involved in starting your own concrete business. Finally, research online to find helpful information on starting a concrete company. Regardless of how you gain the knowledge, it is important that you are passionate about this type of business and have a clear vision for what you want to achieve.

What type of concrete business is most profitable?

The most profitable concrete businesses are those that provide ready-mix concrete and construction services. The demand for these concrete services is consistently high within the construction industry. Businesses that offer concrete pumping services are also profitable due to high demand from construction companies. Lastly, businesses that manufacture and sell concrete products such as blocks, bricks, and pavers are also quite profitable.

How much does it cost to start a concrete business?

Generally, starting a small concrete business will cost between $5,000 and $10,000. This includes purchasing equipment and materials, as well as setting up a workspace. However, the exact cost will vary depending on the size and scope of your business.

What are the ongoing expenses for a concrete business?

A concrete business will have many ongoing expenses, including the cost of the concrete, the cost of transportation, and the cost of labor. The concrete itself will be the largest expense, and the price of concrete can vary depending on the location. The cost of transportation will depend on how far the concrete needs to be transported, and the cost of labor will depend on how many people are needed to pour the concrete.

Other ongoing expenses for a concrete business include insurance, permits, and licenses, office supplies, and advertising.

How does a concrete business make money?

Concrete businesses make money by selling concrete products and services to customers. Concrete businesses can also make money by providing consulting services to other businesses or governments. Additionally, some concrete businesses generate income through the sale of concrete-related products and equipment. Finally, some businesses may earn revenue through the licensing of their concrete technologies or processes.

Is owning a concrete business profitable?

There are a couple of reasons owning a concrete business can be profitable. First, the demand for concrete is high and is expected to grow as the construction of new homes and commercial buildings increases. Second, concrete is a relatively cheap material to produce, so businesses can make a good profit margin on sales.

Why do concrete businesses fail?

One reason that concrete businesses may fail is because the market for concrete may be saturated in some areas, which can lead to decreased demand and failure for new businesses. Additionally, regulations governing the production and use of concrete may be stringent, and failing to comply with these regulations can result in hefty fines or even shutdowns. Finally, weather conditions can impact the ability to produce concrete, and extreme weather conditions can lead to a decrease in demand or even complete cessation of operations.

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Table of contents, how to kickstart your own successful concrete business.

• 10 May, 2024

Establishing a Concrete Business

Starting a concrete business can be a lucrative venture, especially considering the constant demand for concrete in construction and infrastructure development. However, it’s important to conduct thorough research to ensure the viability of the business and understand market trends, competitors, and potential risks. Crafting a solid business plan is also essential as it can help secure funding and guide your business towards success.

Researching Market Viability

Before diving into the concrete business, it’s crucial to conduct comprehensive research to assess the viability of the market. Understanding market trends, identifying potential competitors, and evaluating the growth potential of the industry are key steps to ensure your business’s success. By analyzing the demand for concrete, construction projects in your target area, and the local competitive landscape, you can gain insights that will inform your business strategy.

Crafting a Solid Business Plan

A well-thought-out business plan is the roadmap for your concrete business. It outlines your goals, strategies, and financial projections, providing a clear direction for your operations. A comprehensive business plan should include:

Executive Summary: A brief overview of your business, its objectives, and the market opportunity.

Company Description: Describe your concrete business, including its legal structure, location, and any unique selling points.

Market Analysis: Provide an in-depth analysis of the concrete market, including trends, target customers, and potential competitors.

Organization and Management: Outline the structure of your business and the roles and responsibilities of key personnel.

Products and Services: Detail the types of concrete services you will offer and any additional services or specializations.

Sales and Marketing Strategy: Explain how you will attract and retain customers, including your pricing strategy and marketing channels.

Financial Projections: Include a comprehensive financial forecast, including startup costs, revenue projections, and a break-even analysis.

Funding Request: If you require funding to start your concrete business, clearly outline the amount you need and how the funds will be used.

Appendix: Include any supporting documents, such as permits, licenses, and industry certifications.

By developing a well-crafted business plan, you can demonstrate the feasibility of your concrete business to potential investors or lenders. It will also serve as a valuable reference document as you navigate the challenges and opportunities of the industry.

As the construction industry continues to grow, the demand for concrete is expected to rise as well, making it an opportune time to establish a concrete business ( source ). With proper planning, execution, and effort, your concrete business can thrive in this dynamic and profitable industry.

Legal Considerations

When starting a concrete business, it is essential to address the legal considerations to ensure compliance with regulations and protect the business. This section will discuss two crucial aspects: choosing the right legal structure and obtaining the necessary licenses and permits.

Choosing the Right Legal Structure

Choosing the appropriate legal structure is a critical decision that can impact the liability and tax implications of the concrete business. Several options are available, including sole proprietorship, partnership, limited liability company (LLC), and corporation.

A sole proprietorship is the simplest form of legal structure, where the business and the owner are considered one entity. However, this structure offers no separation between personal and business liabilities. A partnership is similar but involves two or more individuals sharing ownership and responsibilities.

On the other hand, forming an LLC or corporation provides a higher level of liability protection. These structures separate personal and business liabilities, limiting the owner’s personal liability for business debts and legal obligations. Consulting with a business attorney or accountant can help determine the most suitable legal structure for the concrete business.

Obtaining Licenses and Permits

To operate a concrete business legally, it is crucial to obtain the necessary licenses and permits required by state and local regulations. The specific licenses and permits may vary depending on the service area and the nature of the business. Consulting with a local small business lawyer can provide valuable guidance on the licenses, permits, and certificates required for the concrete business.

Common licenses and permits for concrete businesses include general business licenses, contractor licenses, environmental permits, and health and safety certifications. These licenses and permits ensure compliance with regulations and demonstrate the business’s commitment to safety and quality standards.

It is important to research the specific licensing requirements for the concrete business’s service area. Each state may have different regulations and government agencies responsible for issuing licenses and permits. Being well-informed and proactive in obtaining the necessary licenses and permits is essential to avoid legal issues and maintain a reputable standing in the industry.

By choosing the right legal structure and obtaining the required licenses and permits, a concrete business can establish a strong legal foundation. These steps contribute to the business’s credibility, protect against liabilities, and ensure compliance with regulations. For more comprehensive guidance on starting a concrete business, including creating a concrete business plan and securing concrete business insurance , refer to our related articles.

Financial Management

When starting a concrete business, proper financial management is essential for long-term success. This includes securing funding and effectively managing ongoing expenses.

Securing Funding

To kickstart your concrete business, you’ll need to secure adequate funding. The amount required can vary depending on the scale of your operations and the specific services you plan to offer. Generally, starting a small concrete business will cost between $5,000 and $10,000, which includes purchasing equipment, materials, and setting up a workspace.

Consider exploring various funding options such as personal savings, bank loans, or seeking investors. Developing a comprehensive business plan that outlines your goals, projected revenue, and financial forecasts can greatly assist in securing funding. To learn more about creating a concrete business plan, visit our article on concrete business plan .

Managing Ongoing Expenses

Running a concrete business entails managing various ongoing expenses. It’s important to ensure that you have a clear understanding of these expenses to maintain financial stability and profitability.

Common ongoing expenses for a concrete business include the cost of concrete, transportation, labor, insurance, permits and licenses, office supplies, and advertising ( Growthink ). Keeping track of these expenses through effective financial management practices is crucial.

Consider developing a budget that accounts for these expenses and regularly monitor your financial statements to track cash flow. Implementing an accounting system to track income and expenses will help you stay organized and make informed financial decisions. Additionally, consider consulting with an accountant or financial advisor to ensure compliance with tax regulations and to optimize your financial management strategies.

By securing funding and effectively managing ongoing expenses, you can establish a solid financial foundation for your concrete business. This will enable you to focus on delivering quality services and products to your customers. Remember to regularly review and adjust your financial strategies as your business grows and evolves.

Operational Strategies

Operating a successful concrete business requires effective operational strategies. Two key aspects to consider are building strong supplier relationships and overcoming common challenges.

Building Supplier Relationships

Building strong relationships with concrete suppliers is essential for the success of your business. Cultivating trust, loyalty, and open communication with suppliers can lead to several benefits, including preferential pricing and improved service. By fostering a positive relationship, you may be able to negotiate discounts, gain priority access to materials, and receive enhanced customer support.

Consider the following strategies when building supplier relationships:

• Effective Planning: Anticipate project needs in advance, including volume, timeline, and specifications of required concrete. This proactive approach allows you to negotiate more favorable prices and ensure availability ( PlanHub ).
• Bulk Purchases: If your project requires a significant amount of concrete, consider buying in bulk. Bulk purchases often come with discounted prices or special rates, leading to cost savings and improved pricing arrangements with suppliers ( PlanHub ).
• Alternative Concrete Mixes: Discuss with suppliers the possibility of using alternative concrete mixes, such as recycled or lightweight concrete. These mixes can offer cost savings without compromising quality. Collaborating with suppliers to find the most suitable mix for the project within budgetary constraints is essential ( PlanHub ).
• Negotiation: Transparent and professional negotiation is key to securing concrete at a good price. Clearly communicate budget constraints and project requirements to suppliers, emphasizing the importance of competitive pricing.

Overcoming Common Challenges

Concrete businesses often face common challenges that can impact their operations. By identifying and addressing these challenges, you can ensure smoother operations and maintain profitability. Some common challenges include:

• Lack of Capital: Concrete subcontractors may face challenges related to lack of capital, as construction billing and building cycles can be slow. To manage this challenge effectively, subcontractors may consider obtaining loans or lines of credit to ensure sufficient funds are available at the beginning of a project ( eSUB ).
• Cash Flow Management: Varying payment schedules in contracts can impact cash flow for subcontractors. To maintain steady cash flow, utilizing project management and document control software can help organize paperwork and ensure timely payments ( eSUB ).
• Inadequate Planning: Thorough planning is crucial to avoid potential challenges. Subcontractors should understand their workforce and equipment needs to prevent overcommitting and resource depletion ( eSUB ).
• Uncontrolled Growth: Uncontrolled growth can negatively impact customer service and quality. Setting limits on growth and monitoring customer feedback are important to avoid these issues.
• Maintenance and Repair Costs: To manage maintenance and repair costs, subcontractors can explore innovative solutions such as self-healing cement-like materials. These materials can help reduce expenses over time.

By focusing on building strong supplier relationships and addressing common operational challenges, you can position your concrete business for success. Implementing effective strategies and maintaining open lines of communication will contribute to the growth and profitability of your business.

Marketing and Growth

To ensure the success and growth of your concrete business, effective marketing strategies and sustainable growth plans are essential. In this section, we will explore market research strategies and strategies for sustainable growth.

Market Research Strategies

Market research plays a crucial role in the construction industry, allowing businesses to gather information about client needs and preferences, evaluate offerings, and make informed decisions. By understanding industry trends, economic factors, and competitors, you can tailor your marketing strategies to effectively reach your target audience and maximize profitability.

To conduct market research for your concrete business, consider the following strategies:

Analyze Client Needs : Understand the specific needs and preferences of your target market, whether it’s homeowners or businesses. This will help you align your offerings and services to meet those needs effectively.

Stay Updated on Technologies and Materials : Construction is an ever-evolving industry, with new technologies and materials constantly emerging. Stay informed about the latest advancements to adapt your business and offer innovative solutions to clients.

Monitor Competitive Landscapes : Keep a close eye on your competitors and their strategies. Analyze their strengths and weaknesses to identify opportunities for differentiation and improvement in your own business.

Understand Industry Regulations : Stay up-to-date with industry regulations and compliance requirements. Complying with regulations demonstrates professionalism and reliability, which can give your business a competitive edge.

Accessing important stakeholders in the construction industry, such as contractors, facility managers, and vendors, is crucial for market research. Their insights and feedback can provide valuable information to guide your business decisions ( BuilderTrend ).

Strategies for Sustainable Growth

Sustainable growth is vital for the long-term success of your concrete business. Consider implementing the following strategies to ensure steady and stable growth:

Set Clear Goals : Define specific and measurable goals for your business, such as product development studies, competitor analysis, market profiling, and advertising strategies. Clear goals provide direction and focus for your growth efforts.

Invest in Marketing : Develop a robust marketing strategy to promote your concrete business. Utilize various channels, such as online platforms, social media, and industry publications, to reach your target audience effectively. Highlight your expertise, quality services, and competitive advantages to attract clients.

Build Strong Industry Relationships : Forge strong relationships with suppliers, contractors, and other relevant individuals in the construction industry. Collaborating with reliable partners can lead to referrals and new business opportunities.

Continuously Improve : Regularly evaluate your business processes, customer feedback, and industry trends to identify areas for improvement. Embrace innovation and adopt new technologies that can enhance efficiency, productivity, and customer satisfaction.

Remember, sustainable growth requires careful financial management, effective project management, and the ability to adapt to changing market conditions. By combining market research strategies with a focus on sustainable growth, you can position your concrete business for long-term success.

Industry Trends

As with any business, staying up-to-date with the latest industry trends is essential for the long-term success of your concrete business. Adapting to market changes and embracing innovation are two key aspects to consider.

Adapting to Market Changes

The concrete industry is subject to various market changes, which can impact profitability and business operations. For example, the cement industry is currently experiencing an unprecedented increase of 12% in 2022, with cement prices expected to rise by 5.9% worldwide (excluding China) and 7% in the United States.

To navigate these changes successfully, concrete businesses should explore strategies to manage rising cement costs. One approach is to optimize cement content by incorporating lower-cost Supplementary Cementitious Materials (SCMs) like slag and fly ash. These materials not only offer cost savings but also contribute to reduced carbon footprints, aligning with sustainability goals ( CarbonCure ).

Additionally, using different concrete mixes for specific applications can help maintain profitability despite rising cement costs. For example, incorporating technologies like CarbonCure, which reduces cement usage by 4-6% while maintaining strength and quality, can be a viable solution for cost optimization.

To further adapt to market changes, concrete businesses should regularly review their operations for bottlenecking and invest in concrete technologies that can reduce labor costs, improve efficiencies, and enhance safety. Updating standard operating procedures with a sustainability focus at the plant level can also contribute to long-term profitability.

Embracing Innovation for Profitability

Innovation plays a crucial role in the success of any business, including the concrete industry. By embracing innovation, concrete businesses can differentiate themselves from competitors, improve efficiency, and enhance profitability.

One area of innovation in the concrete industry is the development of advanced concrete technologies. These technologies offer improved performance, durability, and sustainability. For example, self-healing concrete, which can repair cracks autonomously, can reduce maintenance costs and increase the lifespan of structures. Exploring and implementing such innovations can position your concrete business as a leader in the industry.

Another aspect of innovation is adopting digital tools and software solutions to streamline operations, manage projects, and enhance communication. These tools can improve project management, reduce errors, and increase productivity. Additionally, utilizing technologies like Building Information Modeling (BIM) can facilitate collaboration and coordination among various stakeholders in construction projects.

By staying informed about the latest innovations in the concrete industry and actively integrating them into your business, you can drive profitability, improve operational efficiency, and stay ahead of the competition.

Keeping a close eye on industry trends and continuously adapting to market changes and embracing innovation will help your concrete business thrive in a dynamic and competitive environment. By staying agile and forward-thinking, you can position your business for long-term success.

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How to Start a Concrete Business: Ideas That Turn a Profit

By Concrete Craft

Cement. Pavement. Asphalt. These terms are frequently used to refer to surfaces made of concrete, even though they are not correct. So, what exactly is concrete?

Concrete is a material composed of cement, aggregate (materials like gravel, crushed stone, or sand), and water. When cement and water mix, a chemical reaction causes the cement to harden and bind the aggregates together. This process continues over time, making concrete stronger as it cures. The ratio of water to cement is critical, as it significantly affects the concrete's strength.

Concrete is known for its durability and versatility, making it a fundamental material in modern construction. The ability to mold it into different shapes makes it useful for applications such as buildings, bridges, roads, and dams. Once hardened, concrete can withstand enormous loads and resist environmental stresses, contributing to its popularity as a building material.

Concrete is the most widely used building material on Earth after water. The raw materials required to make concrete — cement, sand, aggregate, and water — are abundant and widely available, which contributes to its extensive use globally. According to a report by Allied Market Research , the global concrete industry generated $617.2 billion in 2020 and is anticipated to generate $972.04 billion by 2030, which reflects a compound annual growth rate (CAGR) of 4.7% from 2021 to 2030.

What You Need to Start Concrete Business

If you’re considering starting a concrete business, you’ll need a mix of construction training and experience, as well as the ability to run a business and manage employees. You must hire skilled workers, including drivers and machine operators, and ensure all staff are well-trained on safety procedures and equipment operation.

You’ll need to thoroughly research the market to understand the local demand for concrete services; identify potential clients such as contractors, developers, and homeowners; and analyze your competition. Once you understand the market landscape, you can choose which type of concrete business to start. The world of concrete is broader than you might think.

Here are some options to consider, depending on your interests and resources:

• Concrete contracting: This primary type of concrete business involves the hands-on aspect of laying and finishing concrete for various construction projects. Contractors handle tasks from pouring foundations for new buildings to laying concrete for driveways, sidewalks, and patios.
• Concrete mixing and supply: Businesses in this area produce ready-mix concrete that is delivered to construction sites. This service is crucial for clients who require large volumes of concrete that are ready to use on demand. This type of business requires a significant investment in machinery and equipment, such as cement mixers, trucks, and a batching plant.
• Concrete pumping: This service provides a solution for transporting concrete to sites that are inaccessible to conventional concrete trucks. It involves the use of specialized pumping vehicles and can be a lucrative niche in urban or developed areas where building spaces are confined.
• Concrete repair business: This area focuses on the longevity and upkeep of existing concrete structures. Services provided by concrete repair businesses include filling cracks, resurfacing old concrete, and applying protective coatings to extend the life of concrete surfaces.
• Concrete recycling: Focusing on sustainability, this business involves processing demolished concrete to make it reusable. It’s a growing field as more emphasis is placed on sustainable construction practices.
• Precast concrete: This type of business manufactures concrete products like blocks, pavers, and slabs. These products are then transported and installed at construction sites. This method is known for its speed and efficiency.
• Decorative and stamped concrete: For those with a creative streak, this niche involves using techniques like staining, polishing, and stamping to create aesthetically appealing concrete surfaces. This sector is popular in both residential and commercial markets for projects like decorative patios, floors, and countertops.

The Benefits of Opening a Decorative Concrete Business

By specializing in decorative concrete, you can set your business apart from general contractors. This specialization can be a strong selling point, making your business the preferred choice for clients looking for high-quality, decorative concrete work. Decorative concrete is versatile, suitable for new construction and municipal projects as well as home renovations. And since decorative concrete can resemble more expensive materials like stone, tile, brick, and even hardwood, it’s a popular choice for consumers trying to save money.

Decorative concrete techniques can be applied to floors, walls, patios, driveways, and more, offering versatile service options to clients. This versatility can help keep business opportunities plentiful.

Plus, if you have a creative streak, decorative concrete allows you to express this through your work.

Why Franchise with Concrete Craft

The processes involved in stamping, staining, and resurfacing concrete involve a lot of technical skill. If you have no experience in these techniques, decorative concrete can be a tough field to break into. That’s why, instead of starting a business from scratch, it’s wise to consider investing in a concrete franchise .

As a Concrete Craft franchisee, you don’t need any experience in concrete or construction, or even any artistic ability. We provide all our franchisees with intensive training — in both the classroom and the field. You’ll learn our proprietary stamping, staining, and resurfacing techniques, as well as how to efficiently run your business.

Concrete Craft is the largest decorative concrete franchise in North America. We’re backed by Home Franchise Concepts, a company that’s been in franchising for 30 years.

Get Started with Concrete Craft Today

Our proven business model and dedicated support structure simplify the startup process, allowing you to quickly launch and operate your business. If you’re ready to own a niche franchise in the profitable concrete industry, contact Concrete Craft today. We’ll show you how to make your mark in the dynamic world of decorative concrete.

Let’s Talk About Next Steps

One of our Franchise Consultants would love to tell you more about owning a Concrete Craft franchise. Simply fill out the form below and we’ll call, text, or email you with more information.

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The Step By Step Guide: How To Start Your Own Business

How To Start Your Own Concrete Business

What is a concrete business.

If you’re looking to create a steady stream of income that can one day replace your day job and achieve the coveted goal of financial freedom, creating a concrete business is a venture worth considering, particularly if you are interested in construction.

The concrete industry is a thriving sub-category of the construction sector. It has been growing consistently as real estate projects and construction needs continue to expand rapidly.

Concrete businesses provide various services, ranging from mixing ingredients to  foundation laying and excavation.   

Establishing a concrete company is potentially lucrative. It can be started with relatively small amounts of capital, and once proof of concept is established, it can take a quick turn into becoming a larger company. Not only that, but concrete businesses are sustainable and long-term as construction services are always in demand, and you won’t be experiencing the dreaded feast and famine found within other industries. 

If your curiosity sparked and you’re wondering what it takes to start and maintain a successful concrete business, then keep on reading!

How to Start a Concrete Company

Starting any business can feel overwhelming if you don’t have the relevant information to start taking action. If you’re at the point where you’re wondering how to start a concrete business, that shows the determination and motivation required that is a prerequisite to the following actions. When it comes to launching your concrete businesses, you need to take a few significant steps to get started.

The first step in most countries is to register your business as an entity with the government and get contractor liability insurance. The best precautions involve releasing yourself from any possible legal liability. In any business, there is always some risk, no matter how meticulous and cautious you are.

Contractor liability insurance  will reassure you that in the worst-case scenario. If one of your services ends up causing damage to a property, or if down the line you hire employees and one of them happens to get injured while doing their work, you are protected. This insurance is a must-have as it will cover your costs should you end up in a situation needing to pay for any damages.

Depending on your country and state, you may also need a contractor or concrete license before you begin performing projects for clients. To confirm this, do a quick Google search on concrete business licenses required in your area and cross-check to make sure you don’t miss any necessary paperwork.  

Lastly, some locations also require more specific certifications for performing concrete services, such as holding a contractor permit, testing fees, and renewal standards.

Choose Your Services

Once you’ve done all the necessary paperwork, it’s time to choose what services you will be offering. Some concrete businesses focus on one specific aspect of the process, but for the highest chance at success, it’s best to offer as many services as the clients may need.

Start with projects that you can perform yourself, and once your business expands and has a higher demand, you can hire employees to perform specialized services that you may not be able to do yourself.

Options to choose from include concrete paving, sidewalks, foundations & slabs, decorative concrete, and more!

Get Prepared 

After completing the necessary paperwork and choosing what services you’d like to offer, you need to set yourself up for success with a business plan. Your business plan will be your blueprint and guiding compass.

Your business plan should include the critical steps involved in building your business, from purchasing equipment to negotiating with suppliers for contracts, deciding whether you want to hire an employee if your budget allows, and ultimately the marketing plan. An essential aspect of designing your business is doing thorough research on the best equipment to deliver the best possible work to clients.

Essential Materials You Will Need

• Screeds to smooth and level wet concrete
• Protective gear such as eye, hearing, and breathing protection
• Rubber boots
• Wheelbarrows
• Portable mixer
• Curing compound 

You should consider these materials as the basis of your toolkit from which you will continue to build. In the future, you can invest in more specialty tools once you have a client base. It is worth looking into creating partnerships with local hardware and construction supply shops to see if you can purchase items in bulk at a discounted price; this will be more applicable once you hire employees and need duplicates of tools.

How Much Does it Cost to Start a Concrete Business

The startup costs for a concrete business depend on what services you choose to offer. If you choose to offer the basic services, your costs will be equipment expenses, labor (if you outsource), paperwork, and advertising expenses. You can get away with starting a concrete business for a couple of thousand dollars or even less; if you can borrow the equipment on an hourly basis to start with until you have sufficient funds to reinvest in your equipment.

What Should You Charge?

To figure out a reasonable price range for your service, a good rule of thumb is to take a look at competitors in your area and charge slightly less. Once you acquire a client base and gather testimonials, you can raise your prices to match your competition. After all, it's all about getting the biggest return on your investment .

How to Market Your New Business

If you’re lucky enough to have worked in construction and have connections within the industry, the best starting point is to leverage your existing network. Whether you decide to offer discounted prices in exchange for positive testimonials on your website or a referral commission to anyone who successfully sends a client your way, being resourceful and strategic in this early stage is key.

Once you have a few solid reviews and are confident in the quality of work you’re delivering, utilizing Google Ads to target potential local customers is one of the top ways to get a steady pipeline of clients. Google allows you to target your advertising to people within your service area and show up in the Google search results when they search for a particular term, such as “concrete services near me.”

If you’ve made it till the end, you’re likely a determined and motivated individual who has the willpower to make their concrete business a success. With diligent preparation and following your business plan, you will inevitably succeed.

The path to becoming a business owner is challenging but ever-rewarding. Best of luck!

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How to Build a Rock-Solid Concrete Business: A Practical Guide to Success

Learn the essential steps to build a successful concrete business from the ground up: developing a business plan, finding customers, hiring employees, and managing operations.

So you want to start your own concrete business? Great idea! The concrete industry is essential for construction and infrastructure, and the demand for concrete is steady. However, getting a new concrete business off the ground requires careful planning and hard work. In this guide, we'll walk you through the key steps to starting your own successful concrete company: •Developing a business plan to outline your strategy •Obtaining the necessary licenses and permits •Purchasing high-quality equipment like concrete mixers and trucks •Hiring and training qualified staff •Marketing your new business to potential customers •Managing costs, inventory, and scheduling efficiently If you follow these steps and provide high quality service, your concrete business can thrive. Let's get started!

The Concrete Business Market

The concrete industry provides an essential service to the construction sector. Nearly all building projects require concrete for foundations, floors, sidewalks, and infrastructure. The target audience for a concrete business includes: •General contractors - They subcontract concrete work for residential and commercial construction projects. •Homeowners - For smaller concrete needs like driveways, patios, and home foundations. •Government agencies - Require concrete for public infrastructure like roads, bridges, dams, etc. The concrete business can operate at a local, regional or even national scale. Many concrete companies start locally, then expand as their reputation and demand grows. The business model typically focuses on providing high-quality service at a competitive price to gain loyal, long-term customers. While concrete itself is a commodity, a concrete company can differentiate through strong customer service, reliability, and by developing a premium brand.

Your Concrete Products and Services

As a concrete business, your main product is ready-mix concrete that you produce and deliver to customers. However, you can also provide additional services to stand out: •Offer specialty concrete mixes for different applications like high-strength concrete, self-consolidating concrete, pervious concrete, colored concrete, etc. These premium mixes can command a higher price. •Provide concrete pumping for hard to reach pours. Many contractors rent concrete pumps, so offering pumping as a service can be a revenue generator. •Offer concrete finishing services like troweling, stamping, stenciling, and polishing. Finishing concrete requires skill and the proper equipment, so many customers will outsource it. •Provide concrete repair and restoration services to existing structures. Fixing cracks, holes, and resurfacing worn concrete can extend the life of infrastructure. •Develop a branded, premium concrete product for residential use. Homeowners will pay more for a concrete product they perceive as higher quality and design. Brand it, provide samples and marketing materials to promote it. The key is providing concrete and services that match what your target customers need and value. Start with a core offering of quality ready-mix concrete and pumping, then expand into other services over time as demand grows. Build a reputation for knowledge, reliability and customer service to keep clients coming back and referring others.

Economics and Finances of a Concrete Business

A concrete business requires significant capital to get started, but it can also be very profitable if run efficiently. The major costs include: •Concrete mixers - The large rotating drums that mix raw materials into concrete. Prices range from $50,000 up to $500,000 or more for large capacity mixers. •Concrete trucks - For delivering concrete to job sites. A single truck can cost $150,000-$250,000 or more. Most startups need a fleet of at least 2-3 trucks. •Raw materials - Cement, aggregates like sand and gravel, and water. Material costs can be $50-$100 per cubic yard of concrete or more. •Labor - Drivers, dispatchers, mechanics, and plant operators. Labor is a significant cost, especially with a unionized workforce. •Facilities - Space for an office, batch plant, maintenance shop, and vehicle parking. Renting or purchasing land and buildings can be expensive. To price your concrete competitively, determine your precise costs to produce each cubic yard. Then set prices at a level that generates a reasonable profit margin, typically 15-30% or more. Offer discounts for high-volume, long-term customers to keep them loyal. Charge premiums for specialty mixes and additional services like pumping and finishing to maximize revenue. Many new concrete businesses struggle in their first few years due to high costs and low sales volumes. It can take time to build up a large enough customer base to reach profitability. With persistence and good management, a concrete company can become very successful over the long run. Keep costs low, provide great service, and continue expanding into new, profitable areas of the business.

Marketing Your Concrete Business

Effective marketing is key to attracting new customers and growing your concrete company. Some recommended strategies include: •Search Engine Optimization (SEO) - Optimize your website content for search engines like Google to rank higher in results for terms like "concrete contractor" and "ready-mix concrete". SEO is a long-term strategy but can drive a lot of organic traffic and leads over time. •Social media - Create profiles for your business on sites like Facebook, Instagram, and LinkedIn. Post updates, photos of your work, and engage with followers. Promote your social media on your website, trucks, paperwork, and anywhere else. Social media is a great way to build brand awareness and connect with potential customers. •Direct mail - For targeting homeowners and contractors in your area. Send postcards, brochures or small gifts introducing your business and offerings. Include coupons or promotions to drive traffic to your website or sales calls. •Online ads - Use services like Google Ads, Facebook Ads or industry websites to place targeted ads promoting your concrete business. Drive traffic to your website or a landing page highlighting your services. Online ads allow you to reach a large audience at a lower cost per click or impression. •Referral programs - Offer discounts or rewards to current customers who refer new clients to your business. Satisfied customers are the best source of new leads and sales. Create a formal referral program to incentivize word-of-mouth marketing. •Networking - Join your local chamber of commerce and attend industry events to network. Meet general contractors, developers, architects and others who may need concrete services. Have business cards, flyers or small gifts to give out. Build genuine connections and look for partnership or subcontracting opportunities. A combination of online and offline marketing strategies will produce the best results for a concrete business. Focus on the methods that reach your target customers in an affordable, sustainable way. Track the results of different campaigns to optimize your marketing budget and efforts. With time and consistency, your marketing can help establish your brand and drive significant growth.

Sales Strategies for a Concrete Business

To win new customers and increase sales, focus on the following sales strategies: •Cold calling - Call general contractors, developers and homeowners in your area to introduce your business. Explain your services, experience and competitive advantages. Ask if they have any upcoming concrete needs and if they'd be interested in a quote. Cold calling takes time but can generate new leads and customers. •Estimating and bidding - Provide estimates and bids for new jobs. Visit work sites to fully understand the scope of the project. Develop an accurate price that covers costs and a reasonable profit margin. Submit professional-looking bids that convey your expertise and highlight the benefits of choosing your company. •Building relationships - Take contractors, developers and architects out for coffee or lunch. Get to know them, their business and their needs. Look for opportunities to build a long-term working relationship. Offer a discount or incentive to give you a chance on an initial project. If you do excellent work, they'll keep coming back and referring others. •Upselling - When meeting with customers about a concrete pour or project, look for opportunities to upsell them on additional services like pumping, finishing, coloring or stamping to increase the total sale. Explain the benefits of the premium services and how they can enhance the final results. Many customers will opt for upsells from a trusted concrete company with a proven track record of quality. •Customer service - Provide outstanding customer service to generate repeat customers and word-of-mouth referrals. Show up on time, communicate proactively, do clean and careful work, and check in with the customer regularly. Address any issues or concerns promptly and professionally. Satisfied customers will continue to hire you for future concrete needs and tell others about their positive experience. With persistence and consistency, these sales strategies can help to build your customer base and increase the revenue and profitability of your concrete business over the long run. Focus on high-quality work, building genuine relationships, and providing an amazing customer experience to keep clients coming back again and again.

Operations and Execution

To run a successful concrete business, you need to focus on efficient operations and flawless execution: •Batch planning - Plan concrete batches to match the specific needs of each job. Calculate the right amounts of raw materials and the proper mixing times to achieve the required concrete specifications. Poor planning leads to wasted materials, time, and money. •Scheduling - Schedule your crews and trucks to maximize productivity and ensure all jobs are completed on time. Proactively communicate with customers about timing and any changes. Careful scheduling is key to providing great service and controlling costs. •Maintenance - Perform regular maintenance on all equipment like concrete mixers, trucks, pumps, and finishing tools. Check and replace any worn or damaged parts to avoid breakdowns that disrupt your operations. Develop a comprehensive preventative maintenance schedule and checklist. •Safety - Make safety a top priority to avoid injuries and accidents that can be life-threatening and financially devastating. Provide proper safety gear and training for all employees. Enforce all safety procedures and policies on the job site without exception. •Quality control - Closely monitor the concrete at every stage from batching to pouring and finishing to ensure it meets the required specifications. Check slump, air content, and strength to confirm the proper ratios of materials were used. Take corrective action immediately if any issues are detected. High quality concrete is essential to customer satisfaction and a good reputation. •Continuous improvement - Review operational efficiency and key performance metrics regularly. Look for ways to reduce costs, minimize waste, improve safety, increase productivity and strengthen quality control. Make ongoing improvements to processes and procedures to optimize your operations over the long run. Operational excellence is key to the success and profitability of a concrete business. When you provide high quality service and value to customers through efficient, cost-effective operations, your company will thrive. Focus on planning, scheduling, maintenance, safety, quality and continuous improvement to strengthen your operations and better serve your clients.

Legal Considerations

Before starting a concrete business, be sure to research all applicable laws and regulations in your area. Requirements vary in different regions, so check with local authorities to determine: •Business licensing - You will likely need a general business license or permit to operate. Some areas require additional licensing for concrete contractors and trades. •Zoning laws - Regulations regarding where and how you can operate your business. Requirements for batch plants, vehicle parking, and other facilities. •Environmental regulations - Rules around stormwater management, waste disposal, air quality, and other environmental impacts of concrete production and delivery. Permits may be needed for certain activities. •Transportation laws - Regulations for operating heavy commercial vehicles on public roadways. Permits and licenses may be required for concrete trucks. •Building codes - Specifications for concrete used in construction. Your mixes must meet the strength and material requirements for their intended applications. •Employment laws - Regulations around hiring, compensation, workplace safety, and other employment practices. Some areas have additional rules for unionized workers. •Taxes - Requirements for collecting and remitting sales tax, income tax, payroll tax, and business taxes. Tax rates and filing procedures differ in each region. Failure to comply with applicable laws and regulations can result in legal issues, fines, project delays, reputational damage, or even forced closure of your business. Do thorough research upfront and consult experts as needed to understand all legal obligations before launching your concrete company. Remain up-to-date with any changes to ensure ongoing compliance.

Starting a concrete business requires significant investment and hard work, but by following the key steps outlined in this guide, you can build a successful company. Develop a comprehensive business plan, obtain necessary licenses, invest in high-quality equipment, and hire great staff. Provide excellent service by focusing on efficient operations, quality control, and safety. Market your business through social media, networking, and customer referrals. Build genuine relationships and trust in your community. If you lay a solid foundation, continue improving, and always put your customers first, your concrete business will stand the test of time.

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Concrete Business Plan Template & Guidebook

How to write a concrete business plan in 7 steps:, 1. describe the purpose of your concrete business..

It also helps to include a vision statement so that readers can understand what type of company you want to build.

2. Products & Services Offered by Your Concrete Business.

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your concrete business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

Target market

Customer base , product or service description, competitive analysis, marketing channels, form an llc in your state, 4. write your operational plan., what equipment, supplies, or permits are needed to run a concrete business, 5. management & organization of your concrete business., 6. concrete business startup expenses & captial needed..

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your concrete business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Frequently Asked Questions About Concrete Business Plans:

Why do you need a business plan for a concrete business.

A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and tactics that will be used to achieve those goals. It is important to have a business plan for your concrete business because it helps to focus the efforts of the company, communicate the business's goals and objectives to potential investors, and provide a roadmap for the business to follow. Additionally, a business plan can be used to help secure funding from investors or lenders, who will want to see that the business has a solid plan in place before they provide funding.

How to write a business plan for your concrete business?)

Can you write a concrete business plan yourself.

Yes, you can write a concrete business plan yourself. Writing a business plan is a valuable exercise that can help you clarify your business idea, identify potential challenges and opportunities, and develop a roadmap for success. While there are many resources and templates available to help you write a business plan, the process of creating one is ultimately up to you.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Starting a Concrete Business

7 Things To Consider When Starting Your Own Concrete Business.

Owning a business and being your own boss is still a key element of the American Dream. For many in the construction industry, starting your own subcontracting business is one way to realize this dream. With that in mind, many entrepreneurs have ventured into starting a concrete business, for good reason.

The concrete industry, a subset of the larger construction industry, accounts for an important piece of the world economy. In the  United States  alone, it’s a $47 billion sector, and it saw a 7% growth from 2012-2017, employing well over 250,000 people. These strong numbers, and the continuing rebound of the construction economy, makes a career change as a concrete contractor highly desirable

Starting your own concrete contracting company is largely an open-ended business endeavor. You may choose to focus on smaller residential concrete jobs or move all the way up to huge commercial concrete pours. Many starting a concrete business begin with smaller jobs and work their way up to larger concrete subcontracted work. Based on the size of the construction industry around the world, the opportunities are truly limitless.

As you begin to think about opening one of your own, consider these important pieces of the puzzle: 

1. Make a Business Plan:  A lot goes into  starting  any new venture, including a new concrete business. Understand your market and what opportunities are available to concrete contractors, then create a business plan that will guide you as you begin your new concrete contracting business. Then, find a way to fund this venture. As you think through these things, consider the best location for your contracting firm, what services you will offer, and how you will set your concrete company apart from others.

2. Take Care of the Paperwork:  Depending on where your business will be located, you will likely have to  register  your business entity with the government and get contractor liability  insurance.  If you are planning on operating in the United States, you will have to go through some level of permitting in order to bid for work. Rules vary state by state, but all contractors must have a version of a contractor or  concrete license  for each state in which work will be performed; some states require separate concrete-specific licenses, and others include concrete in a general builder or contractor permit. Each also has specific requirements in terms of testing, application fees, and renewal standards.

3. Set Your Services:  As you work through your business plan and model, consider what kind of jobs and job sizes are realistic for you and your business. It’s not wise to bite off more than you can chew, so start with small projects and work up to larger concrete jobs as you gain experience, equipment, and bandwidth. You will also need to determine your associated costs , and thus your bid practices and pricing structure.

4. Get Prepared:  After determining your concrete business’ scope of work and business plan, you’ll need a variety of tools and equipment to start. Spend time researching what supplies and equipment your business will need to satisfactorily complete jobs and whether it’s better to buy or lease. Depending on the size of your jobs, your needs will vary. You may invest in an  onsite volumetric concrete mixing truck  or find used work vehicles to help you transport supplies.

5. Safety Standards:  The concrete industry is no different from the larger construction sector, in that it can be dangerous. As many as 10% of concrete workers get hurt on the jobsite. Think through your  safety standards  and have a plan in place to ensure the safety of those working for and around your jobsites.

6. Work Your Networks:  If you’re considering starting a concrete business, you’ve likely spent time in the construction industry. Be sure to leverage your existing networks to find and bid jobs. Join the proper networking groups and begin to develop relationships with others in the industry. As they say, it’s often who you know, not just what you know.

7. Plan for Growth:  With any new business venture, you will likely need to  market  your business by identifying your target audience – who you want to work for – and the messages and channels appropriate to find these customers. By appropriately marketing your business, you can find new jobs, industry partners, and sustained growth.

Starting any new business venture is not something to be taken lightly. Do your homework and spend the time necessary to plan well; this will help ensure starting a concrete contractor business is successful. When done right, owning a concrete business can be a very successful career path.

Holcombe Mixers is proud to partner with new and existing concrete companies. Our trucks are specifically engineered to give you the flexibility to mix exactly what you need right on site, complete with the strength of freshly mixed concrete, no matter the size of the job. Don’t hesitate to  contact us  to learn how our mobile volumetric concrete mixers can help make your concrete business a successful venture.

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Concrete Business Plan Template

A successful concrete business is based on a solid business plan. To help you out, we've designed a business plan template specifically for concrete businesses.

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For help completing your concrete business plan, read our guide .

How can a concrete business plan help you?

• A solid business plan acts as your strategy guide for building a successful concrete business.
• Whether you're an existing concrete business or just starting out, a business plan helps you get organised.
• Use a business plan to help secure funding for your concrete business.

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3 Ways to Make Your Concrete Business More Profitable

The concrete industry is a great business to be in—but it’s not without its challenges. 

Rising material and labor costs are cutting into profit margins; increased competition from other building materials are eroding market share ; and social and political pressure is forcing concrete producers to invest in more sustainable production practices .

Despite these significant challenges, concrete producers remain resilient by taking action to ensure their businesses stay profitable and productive. This blog post outlines three places to start:

• Reduce concrete production costs by reducing cement quantities;
• Create process efficiencies by investing in technology and retaining talent;
• Adopt sustainable production methods to compete for market share.

For a deeper dive, download our eBook, Secrets to Boosting Your Concrete's Profitability .

1. Reduce concrete production costs by reducing cement quantities

Reducing production costs is one of the fastest ways to boost profitability. For concrete producers, this means reducing the use of their most expensive ingredient — cement. By replacing or reducing the quantity of cement required to produce quality concrete, producers can boost profitability significantly. 

A concrete producer’s reputation relies on the quality and durability of its product so there is some risk involved in altering production methods. Fortunately, there are ways to mitigate that risk by using tried-and-tested material technologies and mix designs. 

One way is to optimize mix designs with Supplementary Cementitious Materials (SCMs) like fly ash, a by-product of the coal industry that costs significantly less than cement but maintains the same quality. Studies have proven that SCMs actually increase the strength of concrete over time to levels greater than that of traditional concrete mixes.

Another way to reduce production costs is to adopt innovative carbon utilization technologies like CarbonCure, which injects recycled CO₂ into fresh concrete during mixing. Once injected, the CO₂ undergoes a chemical reaction where it transforms into a mineral, improving the compressive strength of the concrete. This leads to mix design adjustments to accommodate for the added CO₂ and increase in strength; cement content can be reduced while maintaining the concrete’s strength and performance.

2. Create process efficiencies by investing in technology and retaining talent

Concrete producers can boost the profitability of their businesses by using technology to improve delivery and quality control processes and by adopting strategies to attract and retain talent.

Many producers are already using dispatch and quality control software like Command Alkon or Jonel to unite data from the quotation phase to job scheduling, order entry, resource planning, material planning, mixing software, dispatch, and delivery. The intelligence garnered from these tools enable delivery and quality control process improvements that can significantly impact a producer’s bottom line and help reduce waste. 

Some producers are noting that the adoption of innovative technology and processes is having  a positive impact on hiring . These innovations are helping to reinvigorate the way people see the construction industry as a whole and can attract younger workers to a market that’s facing a severe labor shortage. Further, by adopting sustainable innovations, concrete producers can attract environmentally-conscious millennial and generation Z candidates. 

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3. Adopt sustainable production methods to compete for market share

Facing the challenges of rising costs, the public pressure for sustainable building materials, and changes to regulation favoring green building practices, the concrete industry is undergoing a transformation. 

Smart concrete producers are strategically planning for the future, looking to new innovations so they can effectively reclaim market share and position sustainability as a competitive advantage.

And it’s not a moment too soon. The mass timber construction (MTC) industry has already gained traction in many key building markets over the past few years — taking market share from concrete producers. There’s a perception in the market that wood’s inherent ability to store carbon makes it a more sustainable building choice. However, recent research proves only a small amount (around 15 percent ) of the carbon originally stored in a living, standing tree is sequestered in the final wood product. And while wood in buildings retains a small amount of carbon, wood in landfills actually emits methane which has a Global Warming Potential 28-36 times greater than CO₂ .

By training salespeople to handle sustainability objections, producers can reclaim market share lost to wood in recent times and promote how concrete is superior — it’s more resilient to natural disasters, it lasts longer, it’s local (most concrete is used within a small radius of where it is produced), and it can continuously sequester carbon throughout the lifetime of the structure.

Producers can also gain new market share by adopting technologies like the CarbonCure Technology to offer sustainable concrete products to a market that’s hungry for solutions. When concrete producers inject CO₂ into concrete using CarbonCure, CO₂ emissions that were once in the atmosphere are used to produce concrete that is more sustainable. The strength gain from the added CO₂ enables producers to reduce a percentage of cementitious content in select mix designs, while still maintaining strength requirements . 

Further, due to the chemical reaction that occurs between the CO₂ and the concrete mix, the CO₂ becomes a mineral and therefore is permanently embedded within the concrete, never to be re-released into the atmosphere. This CO₂ utilization in concrete is not only sustainable — it makes good business sense. Analysts say it has the potential to become a $400 billion global industry by the year 2030. 

Producers that are not thinking about developing sustainable concrete mixes will miss out on this business opportunity and lose significant market share to competitors, as more industry associations and government bodies set standards for carbon-reducing building practices. 

The concrete industry is one of the oldest industries in the world because it has continued to adapt and innovate to meet the demands of society throughout the centuries. 

The challenges it faces today are no greater than any it has faced in the past, yet the innovations are transformative and will help producers to remain profitable for generations to come.

Interested in learning more? Download our Secrets to Boosting Your Concrete's Profitability eBook.

Carbon Mineralization: An Easy-To-Adopt Solution for Sustainable Cement & Concrete

Concrete Mix Design Optimization Versus Adjustment

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How to Write a Business Plan: Your Step-by-Step Guide

So, you’ve got an idea and you want to start a business —great! Before you do anything else, like seek funding or build out a team, you'll need to know how to write a business plan. This plan will serve as the foundation of your company while also giving investors and future employees a clear idea of your purpose.

Below, Lauren Cobello, Founder and CEO of Leverage with Media PR , gives her best advice on how to make a business plan for your company.

Build your dream business with the help of a high-paying job—browse open jobs on The Muse »

What is a business plan, and when do you need one?

According to Cobello, a business plan is a document that contains the mission of the business and a brief overview of it, as well as the objectives, strategies, and financial plans of the founder. A business plan comes into play very early on in the process of starting a company—more or less before you do anything else.

“You should start a company with a business plan in mind—especially if you plan to get funding for the company,” Cobello says. “You’re going to need it.”

Whether that funding comes from a loan, an investor, or crowdsourcing, a business plan is imperative to secure the capital, says the U.S. Small Business Administration . Anyone who’s considering giving you money is going to want to review your business plan before doing so. That means before you head into any meeting, make sure you have physical copies of your business plan to share.

Different types of business plans

The four main types of business plans are:

Startup Business Plans

Internal business plans, strategic business plans, one-page business plans.

Let's break down each one:

If you're wondering how to write a business plan for a startup, Cobello has advice for you. Startup business plans are the most common type, she says, and they are a critical tool for new business ventures that want funding. A startup is defined as a company that’s in its first stages of operations, founded by an entrepreneur who has a product or service idea.

Most startups begin with very little money, so they need a strong business plan to convince family, friends, banks, and/or venture capitalists to invest in the new company.

Internal business plans “are for internal use only,” says Cobello. This kind of document is not public-facing, only company-facing, and it contains an outline of the company’s business strategy, financial goals and budgets, and performance data.

Internal business plans aren’t used to secure funding, but rather to set goals and get everyone working there tracking towards them.

As the name implies, strategic business plans are geared more towards strategy and they include an assessment of the current business landscape, notes Jérôme Côté, a Business Advisor at BDC Advisory Services .

Unlike a traditional business plan, Cobello adds, strategic plans include a SWOT analysis (which stands for strengths, weaknesses, opportunities, and threats) and an in-depth action plan for the next six to 12 months. Strategic plans are action-based and take into account the state of the company and the industry in which it exists.

Although a typical business plan falls between 15 to 30 pages, some companies opt for the much shorter One-Page Business Plan. A one-page business plan is a simplified version of the larger business plan, and it focuses on the problem your product or service is solving, the solution (your product), and your business model (how you’ll make money).

A one-page plan is hyper-direct and easy to read, making it an effective tool for businesses of all sizes, at any stage.

How to create a business plan in 7 steps

Every business plan is different, and the steps you take to complete yours will depend on what type and format you choose. That said, if you need a place to start and appreciate a roadmap, here’s what Cobello recommends:

1. Conduct your research

Before writing your business plan, you’ll want to do a thorough investigation of what’s out there. Who will be the competitors for your product or service? Who is included in the target market? What industry trends are you capitalizing on, or rebuking? You want to figure out where you sit in the market and what your company’s value propositions are. What makes you different—and better?

2. Define your purpose for the business plan

The purpose of your business plan will determine which kind of plan you choose to create. Are you trying to drum up funding, or get the company employees focused on specific goals? (For the former, you’d want a startup business plan, while an internal plan would satisfy the latter.) Also, consider your audience. An investment firm that sees hundreds of potential business plans a day may prefer to see a one-pager upfront and, if they’re interested, a longer plan later.

3. Write your company description

Every business plan needs a company description—aka a summary of the company’s purpose, what they do/offer, and what makes it unique. Company descriptions should be clear and concise, avoiding the use of jargon, Cobello says. Ideally, descriptions should be a few paragraphs at most.

4. Explain and show how the company will make money

A business plan should be centered around the company’s goals, and it should clearly explain how the company will generate revenue. To do this, Cobello recommends using actual numbers and details, as opposed to just projections.

For instance, if the company is already making money, show how much and at what cost (e.g. what was the net profit). If it hasn’t generated revenue yet, outline the plan for how it will—including what the product/service will cost to produce and how much it will cost the consumer.

5. Outline your marketing strategy

How will you promote the business? Through what channels will you be promoting it? How are you going to reach and appeal to your target market? The more specific and thorough you can be with your plans here, the better, Cobello says.

6. Explain how you’ll spend your funding

What will you do with the money you raise? What are the first steps you plan to take? As a founder, you want to instill confidence in your investors and show them that the instant you receive their money, you’ll be taking smart actions that grow the company.

7. Include supporting documents

Creating a business plan is in some ways akin to building a legal case, but for your business. “You want to tell a story, and to be as thorough as possible, while keeping your plan succinct, clear, interesting, and visually appealing,” Cobello says. “Supporting documents could include financial projects, a competitive analysis of the market you’re entering into, and even any licenses, patents, or permits you’ve secured.”

A business plan is an individualized document—it’s ultimately up to you what information to include and what story you tell. But above all, Cobello says, your business plan should have a clear focus and goal in mind, because everything else will build off this cornerstone.

“Many people don’t realize how important business plans are for the health of their company,” she says. “Set aside time to make this a priority for your business, and make sure to keep it updated as you grow.”

More From Forbes

5 chatgpt prompts to approach inspiring people with big requests.

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5 ChatGPT prompts to make bold requests (your winning outreach plan)

Nearly everyone around you is playing it safe. They’re turning up to their laptop, doing the same things they always have, being happy to just stay the same. But that’s not you. Where others want stability and comfort, you want growth and accolades. You want impact and opportunity and whole new levels of success. How do you get there? By asking for more. Bold requests can transform your business, so get good at making them today.

Follow these 5 steps to get in contact with audacious business asks that are more likely to be granted. Copy, paste and edit the square brackets in ChatGPT, and keep the same chat window open so the context carries through.

Transform your business with ChatGPT: ask the big questions with messages that resonate

Dream really big.

Imagine your business 10 times its size. What got you there? Think people, partnerships, processes. Work backwards to find your next move. You probably already know them. You might have thought of approaching certain people before. Get a concrete plan of what to do with the help of this prompt.

“I’m running a thought experiment to imagine my business ten times its size. My business is [describe your business] and it [describe the result you create] for [describe your dream customer]. At ten times its size, it looks like [give details on your business at this size.] Your task is to find out how this hypothetical 10x growth was achieved. One at a time, ask questions about the people, partnerships and processes I might have put in place to grow. The goal is to unlock areas of growth that I can focus on right now.”

Best High-Yield Savings Accounts Of 2024

Best 5% interest savings accounts of 2024, ask the right people.

Who has already achieved the success you dream of? Get familiar with their work, watch their interviews. Send them an email. Make it super personal, incredibly compelling and one-of-a-kind. Make your approach one their assistant flags to show them, instead of filing it away in the trash. (For this prompt, use internet-enabled ChatGPT).

“I’m looking for (real and alive) role models and mentors to inspire me on my journey to transforming my business. Given what you know about my company, how it makes an impact and for whom, name 5 role models with a similar journey, who are active today, and tell me something about their success story that will resonate. Conduct research and provide contact email addresses for these people.”

See it from their perspective

The other person has zero time for you. Your ask has to stand out and resonate. Pretend you are them and read your message through. Edit accordingly. Use ChatGPT to truly get in their shoes, fully empathize and make sure your message hits the right mark. Do not skip this step.

“I want to approach [name the person] with [describe the ask]. Your task is to suggest the information I should include in the message. Give bullet points to outline (a) how I open an email (b) what I include in the message and (c) a call to action, for them to respond. Ensure this sets up an email that will hit the right mark with them and not be ignored.”

Follow up the right way

Not everyone will respond the first time, but don’t follow up without thinking it through. Add value every time you reach out. Don’t send a chaser without a new angle, story, or something they will enjoy. Get ChatGPT’s help for how to do this.

“I don’t expect to receive a response from these people the first time I message. Your task is to outline the content for two follow ups to each person. Using what you know about their story and interests, and my synergy with them, suggest the angle for each follow up, and repeat for each person I will email.”

Choose yourself first

Curveball: When you focus on doing the work yourself, people come to you. Instead of asking, approaching and pushing, you can open your doors and see what comes in. Build your own house before you make bold requests, then apply a healthy balance of each method. Understand what you bring to the table with this prompt.

“Your task is to remind me what I bring to the table in a professional capacity, so I approach these bold requests from a place of completeness rather than lack. Using what you know about my professional journey, highlight my key strengths and gifts that I can mention where I deem it suitable. Become my cheerleader so I have the confidence to make these approaches.”

Bold requests open doors: ChatGPT prompts to make them today

Boldness moves mountains and bold requests open doors. Don’t fear rejection, move towards it. Dream really big and locate the right people for your mission. See your request from their perspective and follow up in the best way. Choose yourself so you meet them at their level. Ask the big questions, make the moves no one else is daring to, and secure the results that too few get. What audacious request will you make today?

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The last time we traveled as a family of 6, we spent $6000. I refuse to make the same mistake this summer.

• I'm a mom of four kids and my family hadn't been on a real vacation for years until last year. 
• For a five day vacation, we spent $6,000, and so this year we are staying local. 
• I'm finding ways to keep the kids entertained, from picking themes to getting season passes. 

Last summer, my family of six went on vacation to a Florida beach . We hadn't been on a "real vacation" since before the pandemic. Despite having free flights by using credit card rewards, between the rental car, food (most of which we prepared and ate at the rental), and condo costs, as well as limiting our vacation to five days instead of a week, we dropped close to $6000.

Summer has barely started, and my social media feed is flooded with friends and family members' vacation pics . Unlike them, we will not be going on vacation this year.

Instead, we've figured out how to vacation from or close to home. Here are my tips for the families, like mine, who can't travel this summer .

Take advantage of local, outdoor fun

Along with your kids, research local nature centers, hiking or biking trails, and cool parks (splash pad, anyone?) in neighboring towns.

Getting out in nature is almost always free, exposes everyone to fresh air and sunshine, and allows for new adventures. Don't have bikes? Rent them. Need binoculars? Borrow them. I know, for example, that our local library offers loanable fishing poles to patrons.

Plan a staycation

What's the closest major city to your family? Find a hotel (with a pool, of course), research restaurants and entertainment spots and you've got a low-budget staycation.

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One year, we staycationed in St. Louis. We rented a large, historical home (it had a ballroom!) for less than $250 a night. It had a kitchen, so we had breakfast and lunch "at home" every day, and enjoyed dinner out at St. Louis-famous restaurants at night. We took our kids to the ever-popular City Museum. To this day, our kids still say this was their favorite vacation.

Pick a theme

What's something your family enjoys? Mine loves ice cream. A theme can set the mood for the summer, such as finding and trying ice cream shops. Decide how often your crew would like to embark on your themed-adventure and get some dates and places on the calendar.

Other theme ideas include sports, music, animals, movies, or art. Then plan your activities accordingly, out and about or at home.

Put ideas in a bowl and draw a surprise

Have each family member come up with closer-to-home activities. With parent approval, place ideas in a bowl. Once a week, draw an activity and do it. Ideas include seeing a movie, going to brunch, visiting a bookstore, enjoying a walking trail, packing a picnic, volunteering, visiting a family member. This can also be tasks like gathering and donating clothing, toys, and books.

Head to a family or friend's house

You know that one family member who is always telling you to come and stay anytime? Now is the time. Take them up on their offer to house your crew, just don't overstay your welcome. See their local sights and enjoy local restaurants. Clean up after yourselves, offer to buy dinner one night, and take the host a gift that's special to your geographical location: wine from a local winery, for example.

Get season passes

Season passes to a nearby theme park or kid-friendly museum or activity center can save you substantial money. For example, a theme park that is within an hour of our home offers season passes that would be paid for if our family of six visits the park just once during the entire summer (between admission tickets and parking).

Frame your summer fun planning as a positive, not as what you could be doing if you had more money and time. You "get" to do these things, an incredible opportunity. Set the tone for a family-fun summer, enjoying the process while saving money.

Watch: Marriott International's Tina Edmundson tells Insider that the travel mindset has changed since the pandemic

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How to start an online store

In a nutshell

Starting an online store can be relatively simple. However, it can take some time before your store is operating well, and you should prepare thoroughly beforehand.

• Starting an online store can be quick, depending on your business and products.
• Try to make a business plan before opening your store.
• There may be some upfront costs, but they are usually less than opening a brick-and-mortar store.

7 steps to getting your store off the ground

Starting an online store can be a bit involved, especially for those who haven’t done it before. There are a few steps you should take to ensure your store is set up correctly for you and your business.

1. Craft a business plan

Before you put a listing online, you’ll need to know what type of product you’re selling. It might help to write a business plan . Take some time to look into competitors and how they’re marketing and selling the products in their online stores.

Use your research to help you figure out your product, a pricing strategy and guidelines. Think about how you’ll stand out from the competition — look at what they’re doing, and think about how you can improve.

Also, take some time to find out how much it’ll cost you to get started. For instance, do you need to buy certain software to start your online store? What about packaging, shipping and logistics? Do you need to get a business license or show proof of your business, even online? Regardless of where you start your store, make sure you answer these questions first.

2. Figure out your audience

In your research, identify who you want your audience to be. Think beyond the familiar audience demographics such as age or gender. While those are helpful, try to get more specific. This can mean considering your potential customers’ interests, occupations and lifestyles.

Even if you’re trying to reach an untapped market, it’s important to identify your audience before you get started. You’ll use these audience factors in your business plan and when you launch your online store. It’ll be a big part of the website and store marketing copy so you know you’re speaking to the right group of people. Your audience needs to trust you and your product, so you need to talk to them in the right way.

3. Choose a platform

Where you open your online store matters. Consider whether you want to focus on growing your own audience through your own website or use an existing marketplace.

Many folks are familiar with established marketplaces like Etsy, Amazon and eBay. You’ll set up a storefront on that site and when users visit those marketplaces and search for specific items, your products might show up in the results. You can tailor your products to make sure they match specific keywords, but you’re likely to be competing with others, especially if your product is similar to others on that platform.

You can also look into e-commerce websites, like Square, Shopify or Squarespace. You can use these to build and integrate a store on your own website, giving it a personalized touch that you wouldn’t get when using a marketplace. These sites include many customization options, but if you aren’t up for doing the design work, it could take more time than you’d like to get started.

It’s a good idea to consider how much time, effort, energy and money it’ll take to launch an e-commerce site or a marketplace. Both types of platforms have pros and cons, so research all your options before starting your online store.

4. Stock your inventory

Once you’ve chosen your platform, it’s time to start building out your online store. If you’ve got your product on hand, you can ship it yourself. But if not, you may want to try dropshipping. Rather than buying, selling and shipping your own products, you forward each order to a supplier. That supplier then ships the product to the buyer. Suppliers fulfill the order and you don’t have to figure out how to house your products. As a dropshipper, you’re the person in the middle, setting the price, managing the listing and handling the online store.

Dropshipping is best for those who plan to buy wholesale products at a discount and resell online. If this isn’t you or your business plan, that’s OK. Start building out your online store with your own products. Use keyword research and figure out what users are searching for to bring the most relevant attention to your store.

Stocking your inventory might be one of the most time-consuming parts of starting your store, but don’t rush. Give your store the attention it deserves to ensure you’re getting the most eyes and clicks on your products.

5. Get artistic

If you’re using an e-commerce website, you’ll have the chance to customize it. If you haven’t already done so in your business plan, create a logo and design your business identity.

Your brand assets — like your logo, colors, fonts and aesthetic — are all important in designing your online store. It’s a good idea for your branding to be consistent across all marketing outlets, including your social media channels.

6. Launch your store

Once you’ve set up your business plan and online store, you can launch. You may want to consider advertising your store on other websites or using services like Google Ads to appear in online search results.

Spend some time making social media posts and reaching out to your target audience through various online platforms. Depending on what you sell, you may want to use the digital tools that come with your e-commerce or marketplace setup. You can also explore online marketing opportunities through partnerships with other brands and content creators.

7. Tweak as necessary

Don’t feel like your store launch needs to follow the original plan. Instead, pivot and change your approach when it makes sense. For instance, in your research you may find that your target audience should be a different group of folks than you had originally envisioned. This could lead to changes in your marketing plan and the keywords you use in your product descriptions.

The AP Buyline roundup

Starting an online store can feel like a lot of work, but it can be relatively straightforward. As long as you are prepared, and take the time to work out a business plan, you can set up an online store in a few weeks. Remember that your goals don’t need to match what everyone else is doing; they need to match what works for you.

Frequently asked questions (FAQs)

How much does it cost to start an online store.

Every online store is different, depending on your needs, products and business plan. Think about where you’ll house your product, how it’ll get manufactured, fulfillment and shipping, website hosting and marketing. It might cost you a few dollars to get started or a few thousand dollars.

Can I start an online store with no money?

You might get away with starting an online store with very little money, but it might be difficult. You can use a website template rather than customizing your store, and you can create your own brand assets without hiring someone to do the artistry work for you. Look into ways to avoid paying upfront costs or try to get a business credit card to cover some costs until you start to make sales.

Can you sell products online without an LLC?

Depending on where you sell your products, a business entity might be required. Many people sell online without creating a business entity first. But having an LLC or another type of business formation, like an S-corp or C-corp, can help reduce the personal risk you’re taking on when you sell online. Before you sell a product online, research if you need to have certain licenses and permits.