Thursday, January 2, 2020

EXPANDING BUSINESS IDEAS IN THE CONSTRUCTION BUSINESS

Construction is a very wide and versatile industry with lots of potentials. I will discuss five Expanding business ideas in the construction business that anyone thinking of venturing into this industry can consider.

1. ELECTRONIC AND DIGITAL  SECURITY 

Standard security guards are not enough for security checks anymore, the trend is. Now the use of electronic and digital  Surveillance security system in both commercial and residential properties. CCTV is now a major requirement for people who can afford it even in private homes.  The business associated with surveillance security is supplying and installing security items such as CCTV cameras, biometric and finger print access control systems, etc. It is a highly profitable business idea for anyone thinking of how to grow their construction business However, it requires you to learn the trade and the technical expertise even if you have to employ it contract the job out to handy men. 





2. ALTERNATIVE POWER SUPPLY 

An example of alternative power supply is Solar, Nigeria has a very high demand for APS. There is unstable supply of the main power supply in the country and people spend a lot on fuels to power generators. A lot of money could be saved on fuel if a house is  installed Solar. This is an expanding business idea and the opportunities are limitless in the construction business. 



 3.  CONSTRUCTION EQUIPMENT RENTALS 

Construction equipment rent is another lucrative  and profitable business in the construction business. Construction equipment such as tractors, cranes, concrete mixers, gathers, ladders, scalfoldings even headpans and shovels  etc are need in construction sites hence there is a market for whoever decides to consider this. However location and visibility is a major factor to consider when trying to expand into this business idea in Nigeria.



4. HOUSE PAINTING

House painting has always been a very lucrative business idea in Nigeria since lots if house construction is everywhere in the country. 8 out of 10 houses constructed will require painting. The technical know-how is required before you venture into this construction business. You might also need to acquire the skills from a vocational training centre.  if you are smart and intelligent enough , you can also learn on the trade. 
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5. INTERIOR DECORATION 

An interior decoration business is an home improvement business idea. Interior decoration is giving homes, offices and building facelifts. interior decors work closely with homeowners, architects and builders on building projects.
Job description for an interior decorator includes color selections,  lightning selections, window treatment selections, furniture selection and interior arrangements amongst some other things that are needed to enhance a building aesthetically.  This business requires training and certification from a reputable Vocational training institute. Whichever course one studied in the  secondary tertiary institution has little or no role to play when venturing into this aspect of construction business, all it requires is passion and dedication.



Construction business ideas are not limited to this five, these are just the ones i chose to write on, drop your comments and thank you for reading.
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