Date Added: Jan 2010
A construction business is heavily influenced by market trends but your business plan must balance research into these with long-term thinking about the need for your services. Economic trends, such as the boom and bust cycle of the nation, region, or specific locale you are in, drive a lot of the investment activity which leads to construction, whether it is homes, commercial, roads, bridges and tunnels. For example, government investment and subsidy of construction can lead individuals and companies to start new homes and buildings, keeping many companies afloat during otherwise hard times. However, when starting a business, keep in mind the time frame between the writing of your plan and your launch.