...Mini Business Plan for a Construction Company Francis Marino Everglades University Online June 25, 2013 ABSTRACT This case study assignment is about creating a mini business plan for a proposed construction company. By researching all aspects of what a business plan is, the contents/information that goes into a business plan and how to properly form a business plan, will allow me to create the mini business plan that this case study requires. This business plan with include information on the company description, executive summary, market analysis, business structure and the last section with be about the financials of the proposed company. PROPOSED BUSINESS PLAN Company Description & Executive Summary: FJM Enterprises, LLC is a small construction company located in Magnolia, NJ. The company is in the startup phase and is considered a commercial construction & mechanical contractor. The company is self-certified as a Service Disabled Veteran Owned Small Business (SDVOSB) and is currently in the process of obtaining certification with Veteran Affairs in order to conduct business with that organization. The primary focus of work and bidding will be on H.V.A.C., boilers, cooling towers, and all aspects of construction relating to federal, state, and set aside contracts (Business Plan Executive Summary, SBA.gov, 2013). FJM Enterprises offers wide-ranging services intended to allow the company to do anything and everything it takes to complete a project...
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...development of a plan for a marketing flyer which outlines the key offerings at XYZ Construction INC. This flyer will be used to educate potential customers on the services offered by the firm. Who is XYZ Construction XYZ Construction, Inc. is a privately owned company founded in the 1950s. The owners have decided to transform the business from one of private ownership to public ownership and plans for its Initial Public Offering (IPO) to be in 12 months. XYZ Construction, Inc. performs horizontal construction work including roads, airfields, and bridges. The company’s headquarters is in Denver Colorado and has 16 field offices located in 11 states (Silver, 2012). Products and Services XYZ Construction, INC provides horizontal construction work including roads, airfields, and bridges. The company has a workforce which includes heavy and light equipment operators, civil engineers, and project managers along with an administrative staff in the headquarters facility with support staff in each of the 16 field offices (Silver, 2012). Marketing Strategy Construction companies market themselves effectively differentiate their services from the competition and stand a much better chance of driving qualified new business (Hernandez, 2008). The result should be an increase growth in a field that suits your company’s specific sales goals and identity (Hernandez, 2008). In short, the flyer should outline the marketing strategies for XYZ Construction Company and how they...
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...Business Plan Carlos Islas Jesica Islas Partners Islas 314 Inc 73 Jackson St Suite 3N Yonkers, NY 10701 347-645-9001 914-751-8342 Islas314inc@hotmail.com I. Table of Contents I. Table of Contents 2 II. Executive Summary 3 III. General Company Description 4 IV. Products and Services 6 V. Marketing Plan 7 VI. Management and Organization 10 VII.Personal Financial Statement 11 VIII.Startup Expenses and Capitalization 13 IX. Appendices 15 II. Executive Summary Islas 314 Inc is a construction company. Our product or service will be remodeling houses or business, fixing small damages in apartments or elsewhere, and constructing houses or apartments from scratch. Our customers will basically be all homeowners, or business owners or even landlords. In a near future we are planning to apply to get into the city system, so we could be one of their construction contacts, and have periodical jobs with the public business. This will help us to maintain a good reputation among other private clients. The owners are Mr. Carlos Islas and his daughter Ms. Jesica Islas, the both share the same amount of responsibilities in different aspects of the business. Due to the seniority the one that has more power in the company is Mr. Carlos Islas, but he is not able to take financial decisions without having Ms. Islas approval. Every year the numbers of small construction companies are declining...
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...Introduction A small-scale enterprise is a business that employs a small number of workers and does not have a high volume of sales. Such enterprises are generally privately owned and operated sole proprietorships, corporations or partnerships. The legal definition of a small-scale enterprise varies by industry and country. Rope Tech is an operation specifically formed to provide rope access to industry throughout Sri Lanka. Established in 2006 and currently working under a British qualified Rope Access technician. The company mainly has disposal teams of technicians who are highly skilled in the art of rope access in addition to expertise in many other disciplines. This enables the Rope Tech Access Solution Company, not only access extreme locations but to carry out the required task when we get there. The company has successfully operated in the Sri Lanka for the past ten years working on both small and large scale construction, repair, and alteration projects focusing on residential contracting. With the business boom that is occurring in the local area and the desire to improve overall profit margins, the company is planning to increase its number of employees and machineries mainly to increase its sales and profit as well as the management is planning to shift its target market from residential clients to the larger commercial customers. This business plan will lay out the company goals and tasks to make this transition successful and create enough market shares...
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...My Business Management Some important questions that I as the owner ask are exactly the same issues covered in the mission statement: Who are my customers? Where are they? What do they want? When do they want it? Why should they buy it from me? How do I get it to them? This essay describes my concrete experience of running and managing a construction company. Pricing, for the Construction Company, relates to how well the project is estimated. After the contractor estimates the cost of the project they must add a fair profit. At this point it is important to know your competition and to determine construction “profit margins” for your locale. The better you know your competitors the more competitive you will be. The success of the firm can very well be determined by the skill of the estimator. [pic] In the competitive bidding market the lowest reasonable bid most often get the contract. Promoting is the art of selling and can be accomplished in a number of different ways, such as advertising, brochures, direct mailings, and personal contacts. Your decision on the best way to promote your construction company will depend on the type of contract you are competing for and your market. In the construction business competing for the jobs in your market area is done with bids. The two different types of contracts are public bids, or negotiated bids. For public competitive bids pricing is the primary marketing emphasis, and for negotiated bids contacts are most important. Az űrlap...
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...for failure of a business? In my case, intimately. I partnered with my husband Dave for five years as a general contractor in our business Affordable Dream Homes. We became a statistic, one of the fifty-five percent of businesses that fail before their fifth anniversary (Hatten, 2009, p. 17). In the years that have passed since our business failed, I’ve mulled over why and have wrestled with what we could have done differently. Businesses fail for many reasons. Our case was classic. We failed in the long run first and foremost due to poor management. We also lacked capital, expert advice, marketing know-how, and we were pricing our product incorrectly. Off to a Great Start We started the business with great prospects, however. My husband Dave and I had dreamed of opening our own business for over ten years. Both of us craved the independence afforded us of working for ourselves, but between the two of us, we didn’t possess much in the way of small business management experience. I worked as an accounting and administrative clerk. Dave had a degree in construction management. He had managed a Winchell’s donut shop for two and a half years fresh out of college and then worked in residential construction as a construction manager and finish carpenter for five years. We became homebuilders in March of 1992. Our goal was to build beautiful, affordable new homes for clients and we named our company Affordable Dream Homes. We started the business with the tools Dave...
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...Week Four Learning Team Reflection Week Four Learning Team Reflection In any business, a strategic performance management plan is a critical planning document that guides the business regimen. The plan should address six key areas: alignment of the performance management framework to the organizational business strategy, organizational performance philosophy, job analysis process to identify skills needed by employees, methods used for measuring the employee’s skills, process for addressing skill gaps, and approaches for delivering effective performance feedback. We have included the principles and strategies used in the performance management plan for the small and medium businesses. Small Business – Landslide Limousine To ensure the alignment of the performance management framework to the organizational business strategy, employees must understand what their individual objectives are and how they are associated with the business. This will encourage the employee to become more involved. Employees that are aware of how their efforts directly contribute to company achievement, they commit to finding ways to work more effectively and efficiently. To support the organizational performance philosophy, the small business must operate reflective of their core values and beliefs, which is identified in the mission and vision statements. Organizational performance philosophies will address the performance expected from all employees...
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...Introduction Fosse Commercial Contractors LLC is a small construction company formed from the merger of Fosse Painting & General Construction and West General Contractors. The company has successfully operated in the Houston area for the past ten years working on both small and large scale construction, repair, and alteration projects focusing on residential contracting. With the business boom that is occurring in our local area and the desire to improve overall profit margins, the company is planning to shift its target market from residential clients to the larger commercial customers. This business plan will lay out our goals and tasks to make this transition successful and create enough market shares to succeed in this highly competitive market. The Company Houston based Fosse Commercial Contractors; LLC began in 1985 when Mr. Robert Fosse began his own company, Fosse Painting and General Construction. In 1993 the original company was merged with another small scale local company, West General Contractors and the company began to bid successfully for larger scale projects. As part of its growth and altered focus, FCC is planning on changing its charter from a limited liability company to a class C corporation registered in Texas. This will allow FCC greater access to investment funds to fuel its growth. Services Fosse offers comprehensive services designed allow the company to do whatever it takes to finish a project. Some of these...
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...Performance Management Plan Taylor HRM/531 May 19, 2014 Performance Management Plan Performance Management Plan Performance Management Plan For Commercial Construction Business Located in Detroit Michigan, relocating to Arizona Employees 650 but will increase by 20% Company revenue is 10,000,000 Commercial Construction is planning on opening a new location in Arizona, creating a performance management plan would be the best thing for the company to do since they are opening a new office in a new city. For this plan I will I will mention the success of the company and some of the key components that made the organization successful. The HR department will provides some of the keys parts for the managers to understand the business and policies and procedures that will be enforced with their help. The managers for the company will also be responsible for the performance feedback, employee aptitude levels and all other parts that involve the organization when dealing with the customers. With commercial construction the performance management plan will be used and a key reference that will be used as a key guideline for all of their system support and the success of the business. Commercial Construction will deliver the service that's the Arizona community has been missing. The company has a revenue of 10,000,000 with a turnover ratio of 20%, with these type of numbers the company has a good chance to survive in the market of Arizona. And bring some good jobs to...
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...Performance Management Plan Based in Detroit, Michigan, Clapton Commercial Company, LLC is a commercial construction company which has been successfully operating in the Detroit metropolitan area for over many years. Clapton Commercial Construction, LLC began as a small family business specializing in small scale construction repair and structural improvement projects, focusing primarily on residential structures. As growth and expansion occurred within the company, Clapton began to successfully bid and obtain larger scale construction projects including more intrusive alterations and repairs to existing structures. During this period, there was increasing demand for construction projects due to the automotive industry, thereby increasing profits for Clapton Construction. However, due to the decline and possible bankruptcy of the economy for the city of Detroit, it is having a huge impact on all types of commercial and residential construction. Fortunately, in recent times, the economy of Detroit has improved as the automobile companies are bringing back more jobs, once again increasing the need for commercial and residential construction jobs to occur, but the damage has been done. The bottom line has resulted in a huge turnover rate and decreased profits over the last couple of years. Therefore, management has decided to attempt to expand the business in an area where profits many be met. Phoenix, Arizona seems to be very receptive for the expansion...
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...development of a plan for a marketing flyer which outlines the key offerings at XYZ Construction INC. This flyer will be used to educate potential customers on the services offered by the firm. Who is XYZ Construction XYZ Construction, Inc. is a privately owned company founded in the 1950s. The owners have decided to transform the business from one of private ownership to public ownership and plans for its Initial Public Offering (IPO) to be in 12 months. XYZ Construction, Inc. performs horizontal construction work including roads, airfields, and bridges. The company’s headquarters is in Denver Colorado and has 16 field offices located in 11 states (Silver, 2012). Products and Services XYZ Construction, INC provides horizontal construction work including roads, airfields, and bridges. The company has a workforce which includes heavy and light equipment operators, civil engineers, and project managers along with an administrative staff in the headquarters facility with support staff in each of the 16 field offices (Silver, 2012). Marketing Strategy Construction companies market themselves effectively differentiate their services from the competition and stand a much better chance of driving qualified new business (Hernandez, 2008). The result should be an increase growth in a field that suits your company’s specific sales goals and identity (Hernandez, 2008). In short, the flyer should outline the marketing strategies for XYZ Construction Company and how they...
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...Strategic Plan Part One: Eco Living Construction The following is part one of the strategic plan for EcoLiving Construction. In the first part of the strategic plan I will define my business, the services provided, and the customers to be served with my mission statement. I will create a vision for my business to demonstrate what I want my business to become. I will define the guiding values of my business taking into consideration culture, social responsibility, and ethics. I will determine how the vision, mission, and values will guide my strategic decisions as well as assessing how the business will address the customer’s needs and attain a competitive advantage (University of Phoenix, 2009). Mission Statement According to Pearce and Robinson, “The mission of a company is the unique purpose that sets it apart from other companies of its type and identifies the scope of its operations,” (2009, p. 11). The mission statement is usually defined by the owners of the company, or it the company is large enough it will be discussed by the board of directors. Of course most businesses start our small and if they do well enough can become large corporations. Throughout this time and as the business grows they will need to update the mission statement to reflect the company at the present time. The mission statement will usually answer question such as why the business exits, who the clients are that the business serves, what are the services or products they provide and how the...
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...effective manager one must possess four basic characteristics. He or she must be able to plan, be organized, have good leadership skills, and have control of their work environment. Management is explained by Robbins & Coulter (2007), as someone who coordinates and oversees the work activities of others so that their activities are completed efficiently and effectively. I will explain each areas function and there importance in the managerial process. I will conclude with an example of how a manager would use each function in the workplace. According to Robbins & Coulter (2007), they state that, “during the early part of the twentieth century, Henri Fayol, a French industrialist, first proposed that all managers performed five functions: planning, organizing, commanding, coordinating, and controlling” (p.8). Today these functions have been revised to planning, organizing, leading and controlling. The planning function, involves defining the goals of the company, researching and collecting data to help support those goals. Once you have gathered your information the manager must make decisions on what should be done. After evaluating the information, a good manager begins to organize the people and resources available. Organizing involves arranging and structuring work to accomplish the organization’s goals stated by, (Robbins & Coulter, .p 9). Leading involves implementing the plans and helping employees work effectively toward accomplishing the organizational goals...
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...Business Entities, Laws, and Regulations Paper University Of Phoenix Business Entities, Laws, and Regulations Paper Successful management of a business entity is dependent on understanding industry structure, taxation, laws, regulations, risks, motivation, and a business plan. The business structure will affect profits, business liability, and taxes. A sole proprietorship, an LLC, or corporation, requires research and planning to determine which structure is right for a business. Equally important is development of a good business plan. The business plan will provide industry insight to important aspects of a business. Understanding local, state, and federal business laws and regulations will assist in identifying risks and provide information to protect or minimize the outcome of litigation or failure. Lou and Jose are planning to open a sports bar and restaurant but they lack the startup cash to do so. A wealthy investor named Miriam, has agreed to provide working capital to fund the startup and establishment of the business. In return for investing her money into the business, she wants a percentage of the company. The structure that is appropriate for the business is a member-managed LLC with Lou and Jose as the designated manager and Miriam as the non-manager. Lou and Jose will manage day-to-day business, whereas, Miriam has no control, unless otherwise provided in the operating agreement (Cheeseman, 2010). An LLC (limited Liability Company) is a tax chameleon, which...
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...for Clapton Commercial Construction, the Atwood and Allen Consulting firm will research multiple factors, and provide a comprehensive recommendation proposal to the firm. The proposal includes the development of clear job descriptions and employee performance plans, a local market evaluation, market position, performance incentives, and laws pertaining to Arizona compensation, as the construction company is expanding the operation in the near future. The Clapton Company requests the recommendations allow the company to remain comparable to other Arizona construction firms and meet the parameters of their annual net revenue of $10,000,000. The primary goal of the package is to provide a fair yet competitive pay structure to employees while maintaining the financial standing of the firm. Market Evaluation With more than 35 billion dollars in post-bid commercial construction projects currently underway in Arizona, the construction market is likely to continue to remain quite competitive (Reed Construction Data, 2013). “Nationwide, the construction industry stood at 5.83 million workers in October, up 3.3 percent year-over-year. That also was up by 11,000 from September, marking the fifth consecutive month of job gains, making the industry competitive at best” (Hansen, 2013, p. 1). Although the market is robust in the state, Arizona offers one of the lowest costs of business operation in the nation. The low operating costs, related to low taxes and a small state government, make...
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