4 Steps to Launch Your Construction Training Program Business

Companies in construction need to impart good skills to their employees and retain them. But they don't always have the resources to offer this training - which is where you come in!

If you're thinking of starting a business that offers training schemes to constructions workers that lead to a certificate or qualification, there are 4 steps to follow:

The first step in launching a construction training business is to get the right trainer licenses and memberships. It is essential to also know that no company will consult with a construction training business without the right license and membership.

Every industry has its own certification courses that recruiters seek. For example, in the construction sector, IRATA audits organizations that impart training to rope technicians. So if you are in the rope access training industry, an IRATA membership can establish your credibility among learners.

You can also opt-in to IOSH to become a trainer and obtain a membership by following the steps listed by the organization. For your construction training business, you also need to get other things like an ISO certification for credibility.

Getting certified means that your training business has high-quality management systems, data security, risk aversion strategies, and standardized business practices.

The cost involved in getting your license or membership as a construction training business may range from $250 to $500. Hence, it is vital that you look for the right institute to get your certification and memberships so as to stand out among the rest.

Setting up a training center will help your business grow. Creating as many as possible can help more construction companies to get access to your business.

It is important to also know that you have to ensure that your training center has the right personnel. It must also have the right facilities to attract more clients to your business.

Setting up a training center may cost $5,000 to $50,000. If you can’t raise such funds for your startup, you may either seek loans or have a revenue share agreement with a business that owns the space.

However, if you seek loans, it is essential that you have a business plan already set to show that you will be able to repay your loans at the stipulated time. You can make use of a Schedule Calculator to help you see the amount and payment schedule of your loan.

As an entrepreneur, a Schedule Calculator will ease interest calculations of the loans you have collected.

Creating a scalable training solution is one of the best ways to boost your business. Having your training courses segmented into a soft and hard training scheme can help the scalability of your business.

The soft training scheme for your clients can be actualized through books and learning materials. On the other hand, your hard training scheme can be achieved by creating a physical (on-the-ground) training for people that seek construction skills.

For your soft training scheme, you may make use of modern training tools like AR/VR to create high-quality materials that can be reused. The need for practical training solutions is essential, instead of forcing teams through endless lectures and PowerPoint slides.

Most clients in the construction sector that seek thorough training look for practical solutions that will engage them in what they are learning.

You also need to know that clients remember what they learned longer, and they use it more frequently once they are at the job.

Fatalities do occur during construction; hence the importance of training construction workers.

You need to always keep in mind that construction training can cause a lot of injuries to either your staff or trainees. Hence, it is highly essential that you have the right construction insurance in place to cover any form of liability.

There are different forms of insurance that can cover all aspects of your business, including:

• General Liability
• Workers Compensation
• Business Owners Policy (BOP)
• Commercial Property
• Professional Liability
• Commercial Auto
• Umbrella Insurance
• Errors & Omissions (E&O)

Insurance is aimed at protecting your business against unforeseen accidents. For example, Workers Compensation is often used when a worker gets injured while working and requires medical treatment.

Commercial Property Insurance is the type of insurance that protects the physical assets of your business such as computers.

Professional liability, on the other hand, is the best choice for a business that offers advice to clients. It covers a business from being liable in case of an error or omission that leads to a financial loss for the customer.

The construction sector is one of the most indispensable sectors in the world today. More buildings are erected every day and the demand for highly skilled workers is on the rise; this is one reason why training centers and businesses need to be equipped.

Setting up a construction training business needs a plan. Hence, it is necessary to follow the vital tips and plan stated in this article to create a world-class construction training business for your clients.