Here’s How You Can Make Money In Construction

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A major sector that will likely never go away is the construction sector. If you know what you’re doing, you can prosper there. The following contributed post is entitled, Here’s How You Can Make Money In Construction.

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If you’re looking for a solid way to make money by changing from an existing career path to a new one, one option for you to consider is construction. It’s a multi-billion pound industry and it covers various disciplines from bricklaying to electrical wiring.

Construction might seem like a volatile way to make money. After all, you often read stories in the media about construction companies going bust due to a lack of customers. However, construction is one of the most recession-proof industries you could ever consider.

If you like the idea of joining the construction industry and forging a career in it, take a look at the following information on how you can make construction a lucrative industry for you:

Use An Accountant

The first thing you need to do before you even start looking for clients is to use an accountant. The thing about construction accountants is they will have the knowledge and skills to help you pay less tax and increase your overall profit.

What’s more, construction accountants will also make sure you don’t fall afoul of all relevant laws, such as those surrounding whether you should get taxed as an employee or not.

Maximise Your Profits

Next, you should look at ways to maximise your profits. You may decide to work in construction as a side hustle, or you might feel that it’s better to forge a full-time career into it.

You need to determine the best routes to maximise your profits in any event. For example, you could sub-contract everything for each project, so you don’t have to worry about staffing costs, pension payments, etc.

You simply pay invoices for services rendered, and there’s nothing more to think about.

Stick To A Specialism

The last thing you want to happen is for lucrative corporate clients to avoid using you because you’re a “Jack of all trades, master of none”, and that’s why it makes sense to stick to a particular specialism or discipline within construction.

For example, you might prefer to work on residential construction projects instead of commercial ones. Another specialism might relate to renovations and refurbishments, adding value to existing homes instead of constructing new-build properties.

Boost Your Cash Flow

If you don’t have any available funds in your construction business, how can you afford to keep it operational? As you might expect, all businesses need some money in the bank to pay for ad-hoc costs or cover employee purchases.

You’ll also need that money to pay for employees, contractors, and other people who are your enterprise’s backbone. Without them, you wouldn’t have much of a business to run, nor would corporate clients contact you.

Listen To Your Customers

Last but not least, you must listen to your customers and determine what they require the most. Take the time to understand their pain points, look for ways to assist with their problems, and ultimately provide an all-encompassing service.


By considering the above points, you’ll soon be on your way to making money in the construction industry.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.

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