In order to start a scaffolding business, you must first decide which types of scaffolding you will specialize in. If additional scaffolding training or certification is needed, be sure to complete such before beginning a new venture. Also, decide which type of business entity you will form, and gather information on tax laws that will likely apply to your business. As you gather this information, create a business plan to help outline how your scaffolding business will operate. After accomplishing all of these steps, legally file your business and insure it according to the laws governing your jurisdiction.
Among the different types of scaffolding you may choose to specialize in are industrial scaffolding, home scaffolding, wooden scaffolding, metal scaffolding and construction scaffolding. You may choose to specialize in only one or two of these types when first opening your scaffolding business, so be sure to start with the ones you have the most experience in. If you are already a scaffolding contractor, you may want to consider additional training in other types of scaffolding that you do not have experience in. If you are a new scaffolding worker, you will definitely want to acquire a bit more experience and training, as well as make sure you hire a qualified scaffolding supervisor to help you grow your business and assure that all scaffolding safety standards are met.
The type of business entity that you choose to form for your new business is important. Your company’s legal status will have a lot to do with how your scaffolding business is structured and taxed. Depending on where you live, your choices will likely include a sole proprietorship, a corporation, a limited partnership or a limited liability company. Study what each of these entities are, how they differ from one another and select one that you believe will best fit your scaffolding business model.
With an idea of what type of scaffolding business you intend to operate, you can begin to compose a business plan. Your business plan should include information pertaining to your company’s long- and short-term goals, how many employees you intend to have, what kind of insurance you will purchase, how you will compete with similar companies, how you will attract new customers and how you will finance your business efforts. The plan should be as detailed as possible and include market research concerning the price of scaffolding, how you intend to make a profit, and whether you plan on renting scaffolding equipment or purchasing new or used scaffolding equipment.
All of this information will be an important blueprint for starting your new business. It will also be necessary when courting investors to help you acquire used or new scaffolding supplies and equipment. Upon creating a firm plan for your scaffolding business and acquiring any additional skills or certifications, begin the process of legally filing your business so it can be recognized as its own entity and taxed accordingly by your government.
