Construction industry significantly contributes to the development of a nation. It constructs bridges that allow us to cross rivers, dams for agricultural water storage, roads for vehicle driving, homes for taking peaceful rest in etc. If you have the desire of starting a business in the construction, here are top 10 best and innovative construction related business ideas and opportunities:
1. Construction company
There is no doubt that a construction company is one of the popular businesses in the construction industry. However, opening a construction company involves high investment. One who plans it should also have a good knowledge about delivering standard construction projects. In addition, he should be able to create and nurture strong relationships with clients.
2. Cement production
Demand for cement as a binder will continue to prevail as long as we need to build homes, schools, hospitals etc. Hence, you may also be interested in starting a cement production plant. However, this initiative requires not only intensive capital for factory setup but also demands aggressive promotional expenditure.
3. Bricks making plant
Even today bricks find enormous utilization for many constructional structures such as walls, pavements etc. Bricks making business indeed is profitable but its setup process needs huge investment.
4. Hollow cement blocks making
Hollow cement blocks on basis of high tensile strength, lightweight and inexpensiveness find wide application over traditional bricks these days. Hollow cement blocks factory is not only cheaper to start but also largely untapped niche in the construction sector.
5. Wallpaper business
Wallpaper business arguably is one of the inexpensive businesses for one who is interested in starting a business in the construction industry. However, learning how to paste wallpapers decoratively is a must.
6. Nails production
Nails are required for affixing wood pieces with each other and it is not surprising that as long as we need home improvement projects, demand for nails will always be there. Hence you may also want to open a nails production business.
7. Marbles making
Marble given its glossy look and long-lasting features is considerably used for flooring purpose whether in homes, offices or places of worship. Capital required for a marble making startup isn’t too heavy. Hire two or three experienced stoneworkers.
8. POP Fixing
POP ( Plaster of Paris ) is one of the important constructional material used as a paste in ceilings and wall coatings. You should have POP fixing skills in order to offer POP fixing services to local residential and commercial clients.
9. Rent construction equipment
If you own construction equipment, you can earn passive income while making it available for rent to construction companies.
10. Plumbing services
If you have plumbing skills, you can start your own business that offers plumbing services. You may either focus on the residential market or commercial market or on both at the same time.