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Initial advice

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  • Initial advice

    Hi all,

    My name is Nik and I am 27 yo. I am a professional working as a consultant within the construction industry, so I have some (quite specialised) knowledge of the construction process (predominantly new-built). Long term i am looking to set up a construction business (I have a specific niche in mind), however I thought that in the short-mid term i would like to start with a few property development projects. I think that this would be a good way to learn about the industry, meet some useful people and potentially generate some income whilst still working full time. In terms of finance, I have some equity behind me and could also have some input initially from family.

    I understand that running a business requires a lot of hard work, knowledge and some more hard work and experience on top of that to succeed. So I want to get myself off to a good start by doing my homework and being as prepared as I can possibly be before I commit any money to this.

    I would really appreciate some advice from the experienced developers in terms of what information i should be looking for initially, how to approach market research in the most efficient way, how to find the appropriate advice/contractors/professionals, perhaps some useful courses/literature that I should look at, etc.

    I am looking to get my first project completed within the next 12-18 months, but again I do not want to rush into it unless I have a well worked out strategy and business plan. I appreciate the fact that I will probably not make a substantial profit initially, but I am willing to put in the work to gain the right knowledge and experience that will hopefully pay off in the future.

    Thanks for reading this lengthy post and i appreciate everyone's time and advice in advance.



  • #2
    Re: Initial advice

    For starters, you are doing good participating in forums such as this to gain more knowledge for your future projects. I must say good luck and hopefully you will be successful with this.


    • #3
      Re: Initial advice

      Goodluck nik, hopefully you will be successful someday. Thank you for sharing plans in life.


      • #4
        Re: Initial advice

        Nik have a look on youtube and google as well as there are lots there
        to build your knowledge up

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