Starting your own pool construction business is a task worth undertaking if you have a construction background. It's making the business successful that is a challenge. The keys to starting a successful business are to follow all the required rules and regulations for your state, plan your business carefully and spend money wisely. You will want to know the ins and outs of the pool construction business and be aware of your competition, especially in terms of the services they provide and what they charge.
Name your business. You need a name that describes what your pool construction business is about and one that is not too complex. Check online with the Secretary of State's office where you live for a list of all registered business names to avoid choosing a name that is already taken.
Register your business with your Secretary of State's office. You will have to register as a corporation, a limited liability corporation or a sole proprietorship. If you are not sure how to register, seek advice from an attorney. You will have to pay a small fee to register.
Write a business plan. Your plan should include the specifics of your business such as: the services your pool construction business provide, the number of employees you will start with, the way you will track your finances, pricing and contracts.
Open a bank account specifically for your pool construction business. Use this account only for business expenses and revenue.
Advertise your business. Create a pool construction logo and business card design along with a website. There are many free website services you can use to create a website for free if you can't afford to hire a web site developer.
Pass out your business cards to everyone you know and consider offering a reward for anyone referring a client to you who purchases your services.
Purchase workers compensation insurance for your employees and develop an employee agreement and job descriptions. You will also need to purchase unemployment insurance, liability insurance and any health benefits you wish to offer.
Consider meeting with an attorney after you have many of your business details planned, but before you actually register your business. An attorney can guide you to ensure you follow all the required steps for your specific state.
Be sure you have a good understanding of the rules and regulations for your state. You need to understand insurance requirement, payroll deductions and wage requirements to ensure you are following all the required regulations.
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