How to start an Infrastructure Business in the US

Introduction

The infrastructure business sector has a significant impact on the US economy, contributing over $35 billion in revenue each year. This industry also has a large number of potential customers who are looking for new products and services to improve their facilities. If you want to start an infrastructure business in the US, there are many factors you’ll need to consider before diving into your new venture. From legal requirements to finding funding sources, this guide will help you get started on building your own company within the infrastructure business sector of America’s economy.

Business Plan

The business plan is the backbone of your infrastructure business. It’s what you use to convince investors or lenders that you have a solid plan for success, and that you know how to achieve it. In other words, it’s what makes them confident enough in your company to lend money or invest in it.

A good business plan includes:

• A summary of your company goals and objectives — where do you want to be in five years? What kind of impact can this project make on society? How big do you want the company to grow?
• An outline of the business model itself — how will customers use our product/service? Who are our competitors (and what makes us different)? What marketing methods will we use?
• Financial forecasts and projections — how much money will this project make over time? How much do we need upfront investment dollars before opening up shop?

Legal Requirements

While you may be able to start an infrastructure business without legal counsel, it is highly recommended that you hire an attorney who specializes in this area of law. The reason is that many of the legal requirements applicable to infrastructure businesses are complex and can have far-reaching consequences if they are not followed correctly.

Your lawyer will help ensure that all of your business activities comply with federal, state, and local laws and regulations (including those concerning taxes). He or she will also help ensure that any contracts entered into by your company are fair and enforceable by law. This includes leases for your office space as well as contracts between you and outside companies from whom you buy products or services like water treatment chemicals or construction materials used in building roads or bridges for example.*

Permits, Licenses, Registrations

In general, you will need a building permit for any renovation, remodeling or construction project that you undertake. You may also need other permits depending on your location. For example, if you plan to do any work above a certain height (say 100 feet), you may need an elevator permit from the local fire department. Additionally, there are various federal and state programs that require special licenses or registrations before they will allow businesses to operate at all—or they may require specific licensing in order for one type of business activity to be permitted at all.

Insurance for the Business

Insurance is an important part of any business, but the type and amount of insurance you need depends on your business. For instance, if your business is a trucking company or construction company, you might be required to have workers compensation coverage for your employees. If you own property that can be damaged by storms or other natural disasters like floods, hurricanes and earthquakes then it may be necessary to purchase flood insurance from private carriers such as Allstate or State Farm.

Human Resource Requirements

The next step is to determine how many staff members you need to hire. The type of work that needs to be done, the size and scope of your business, and whether or not you will outsource any tasks all play into this decision. For example, if you are starting from scratch with no company history or reputation, it might make sense for you to hire more employees than if your infrastructure business was already established and working on larger projects.

You should also consider what skills will be needed for each position in your organization: project managers who understand how to organize a team; engineers who can navigate their way through complicated technical drawings.

Equipment or Technology Required for the Business

The equipment or technology required for the business will depend on the field of your interest. If you are interested in installing IT systems and networks, the equipment you need is a laptop computer, a router and cable modem, an ethernet switch and some power strips. If you have an IT background, then getting started with this business will be simple for you. However, if this is not your forte and don’t know where to start from or how much it will cost then let us guide you through this process as well.

Takeaway:

Here are the key takeaways from this article:

• If you want to start an infrastructure business, start small.
• Seek out opportunities where you can leverage your skills and experience.
• Start an infrastructure business by starting a consulting firm or freelance company that specializes in infrastructure projects.

Conclusion

There are many different ways to start an infrastructure business. From the initial research phase through to launch, there are a number of steps you’ll want to follow. This guide will provide a brief overview of those steps and give you some helpful tips on how best to approach each one so that your new venture is successful from day one!