hi I’m Evan Carmichael welcome to
another edition of ask Evan in today’s
video I’m going to answer questions from
what am i readers Franklin who was asked
about how to get started in the
construction business so your writing
thank you for your amazing tips I’m a 23
year old student just finished my degree
thinking of starting a construction
company the problem is they don’t have
enough capital please advise Franklin so
Franklin a couple ideas here for you the
first if you’re trying to get capital
the most logical ways to go find an
investor who has the money partner up
with your expertise and you start the
business the challenge is if you’re only
23 and you just graduated and you don’t
have a lot of experience in the
construction field it’ll be hard to
convince an investor to want to put
money with you so my suggestion would be
start by working for somebody else so
look at the construction business find
somebody who you respect you want a
model we want to learn from work for
them you’re earning money coming into
you but you also learn the business so
you’re making mistakes in the business
while still getting paid from somebody
else you start making some connections
in the industry and you learn about what
it is that you really want to do and
what you’re good at so it’s best to do
that when you’re learning on somebody
else’s dollar than spending your own
dollars once you kind of have a feel for
things the next thing we’ll do is try to
serve a service based business so maybe
you can consult to the construction
industry it was other services you can
provide that don’t require a lot of
capital because it’s just your time so
you’re you’re sweating it out you’re
constantly hustling you’re making a lot
of sales but you don’t listen need a lot
of capital to start this type of
business once you’ve built up some
credibility to have experience I would
start talking to the banks and as soon
as possible start building a good
relationship with them because they will
be a good friend to you hopefully as you
try to build this construction business
asset based businesses often have to
work with the banks to get financing the
proof so as soon as you can
try to start building a good
relationship with the bank so they know
you they know you pay on time they think
you’re a good business person you don’t
want to wait till you know you’re about
to launch and you don’t know anybody
there who can kind of help you out so I
build up that credibility recognition
you started your own kind of service
based business you’ve built up some
contacts through working at a job and
you built up some credibility with your
banks then you’ll have all the resources
you need to go up and start that
construction business and I might take a
little bit time to get there but the
chances of you being able to launch
would be successful go up dramatically
so I hope that helps if you guys liked
the video please give it a thumbs up I’d
also love to hear what you guys have to
say if you want to leave a comment below
the video and stay tuned for the next
episode
another edition of ask Evan in today’s
video I’m going to answer questions from
what am i readers Franklin who was asked
about how to get started in the
construction business so your writing
thank you for your amazing tips I’m a 23
year old student just finished my degree
thinking of starting a construction
company the problem is they don’t have
enough capital please advise Franklin so
Franklin a couple ideas here for you the
first if you’re trying to get capital
the most logical ways to go find an
investor who has the money partner up
with your expertise and you start the
business the challenge is if you’re only
23 and you just graduated and you don’t
have a lot of experience in the
construction field it’ll be hard to
convince an investor to want to put
money with you so my suggestion would be
start by working for somebody else so
look at the construction business find
somebody who you respect you want a
model we want to learn from work for
them you’re earning money coming into
you but you also learn the business so
you’re making mistakes in the business
while still getting paid from somebody
else you start making some connections
in the industry and you learn about what
it is that you really want to do and
what you’re good at so it’s best to do
that when you’re learning on somebody
else’s dollar than spending your own
dollars once you kind of have a feel for
things the next thing we’ll do is try to
serve a service based business so maybe
you can consult to the construction
industry it was other services you can
provide that don’t require a lot of
capital because it’s just your time so
you’re you’re sweating it out you’re
constantly hustling you’re making a lot
of sales but you don’t listen need a lot
of capital to start this type of
business once you’ve built up some
credibility to have experience I would
start talking to the banks and as soon
as possible start building a good
relationship with them because they will
be a good friend to you hopefully as you
try to build this construction business
asset based businesses often have to
work with the banks to get financing the
proof so as soon as you can
try to start building a good
relationship with the bank so they know
you they know you pay on time they think
you’re a good business person you don’t
want to wait till you know you’re about
to launch and you don’t know anybody
there who can kind of help you out so I
build up that credibility recognition
you started your own kind of service
based business you’ve built up some
contacts through working at a job and
you built up some credibility with your
banks then you’ll have all the resources
you need to go up and start that
construction business and I might take a
little bit time to get there but the
chances of you being able to launch
would be successful go up dramatically
so I hope that helps if you guys liked
the video please give it a thumbs up I’d
also love to hear what you guys have to
say if you want to leave a comment below
the video and stay tuned for the next
episode
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