Are You Ready to Do This?

When you decide to start your own construction company, you will be accepting the responsibility of managing a business as well as building a project.

This survey will help you identify your business management strengths as well as pinpoint some areas in which you need to become stronger.

Once again, brutal honesty is the best policy — especially for the last question.

Take the Survey

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ARE YOU READY?

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FIRST THINGS FIRST

Why do you want to own a construction business?

ASSESS YOUR STRENGTHS AND WEAKNESSES

Be truthful. Your answers are for your own benefit.

Which BUSINESS management task(s) are you strongest at?

Operations Marketing Estimating & Sales People management Financial management

Which BUSINESS management task(s) do you stink at?

Operations Marketing Estimating & Sales People management Financial management

Which BUSINESS management task(s) are you going to have to hire for or outsource?

Operations Marketing Estimating & Sales People management Financial management

Have you identified who is going to fulfill the responsibilities you wish to hire for or outsource?

Operations

Yes No Not Applicable

Hire or outsource to

Marketing

Yes No Not Applicable

Hire or outsource to

Estimating and Sales

Yes No Not Applicable

Hire or outsource to

People Management

Yes No Not Applicable

Hire or outsource to

Financial Management

Yes No Not Applicable

Hire or outsource to

Note

DESCRIBE YOUR PERSONAL GOALS FOR THE BUSINESS

Do you expect the construction business to make you wealthy?

Are you building the business to be sold?

Do you expect to develop a legacy construction business to hand off to someone?

Note

ASSESS YOUR FINANCIAL RESOURCES

"Available" means that you have money in savings or investments or that you can borrow what is needed. Borrowing your start-up capital is not recommended because of the strain it will place on your cash flow, but sometimes it is the only way to get started.

Do you have enough money available to buy the tools, equipment and supplies you need?

Yes No I don't know

What do you expect to spend to get your construction business up and running?

$0 - $2,000 $2,001 - $5,000 $5,001 - $10,000 $10,001 - $20,000 More than $20,000

Do you have enough money available to meet your personal needs for six months while your business is getting started?

Yes No I don't know

Note

THE BIG QUESTION

The answer to this question is critical to your decision to go into business. Given everything that you know about yourself, do you believe you have the right combination of mindset, experience, willingness to learn, flexibility to adapt and resources to make a construction business a success?

Would you hire yourself to run your construction business?

Yes No

Why? or Why not?

Confirm that you have entered an email address above. Click on the button to receive a copy of this form in your email. Keep the surveys in this course together in a physical or digital file so you can refer to them as the course progresses.