Apartment and condominium contractors are seeing a surge in business as modest but steady economic recovery combines with tight credit conditions, says market research giant IBISWorld. Consumers find themselves able to take on higher payments but unable to get loans to buy homes, creating lucrative opportunities in the rental arena. But as with any other venture, success as a contractor requires careful planning.
Las Vegas, Nevada (PRWEB) December 17, 2013
"Too often new business owners rush into a burgeoning market without creating a gameplan," said Joseph Ferriolo, president of industry leader Wise Business Plans, which creates custom plans for companies of all sizes around the world. "You wouldn't enter into a rental agreement without a carefully drawn up lease -- why risk your livelihood without a fully developed business plan?"
IBISWorld says, apartment and condominium construction expanded more than 18 percent in 2012 and is expected to continue growing throughout 2013. This creates opportunities for savvy investors who are in turn seeking contracting companies they can rely upon.
"We help newly formed and expanding contracting companies showcase their best qualities and skill sets, making them attractive to those hoping to work with someone they can trust," Ferriolo said. "A good plan puts your best qualities front and center while making your staffing and financial information clear and easily accessible."
As the market for construction contractors grows, Ferriolo said, so too will the competition.
"You really have to work to stand out these days, and a growing industry is a crowded industry. But a strong, professional business plan makes a first impression that can't be beat."
"We can put you in a position to wow investors and potential clients from the very beginning and then maintain that momentum -- and that's the foundation to true success."
Wise Business Plans (http://www.wisebusinessplans.com), staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.
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