The construction industry gives ample opportunities and pushes business-minded people to start new ventures. 2021 is filled with lots of epic and fantastic construction business ideas, and below, you can check out the details about them. These ideas can embraced by civil, structural, and other engineering field professionals.

Globally, the construction industry looks exceptionally lucrative. It gives immense business opportunities to all entrepreneurs out there. In addition, it demands minimum initial capital investment, and you are good to go! If you have planned to start a business in real estate construction, you can either make your way to a residential site or a commercial site. Besides, you can venture into infrastructure road building projects or make an entry into industrial construction.

Set up a Cement Manufacturing Plant

It looks like one of the lucrative and quite profitable business ideas that you can go for. Setting up a cement production plant needs huge capital! But you will not have any problem selling the cement because a massive market is out there to buy cement from your plant. Thus, have a solid capital base and try considering opening up a cement manufacturing plant. And make sure to consult reliable construction takeoffs companies so that they better give you a clear picture of how much does it cost to set up a plant!

Set up blocks and bricks manufacturing plant

How about setting up blocks and brick manufacturing plants? You can opt for this idea indeed. This respective business idea needs minimum start-up capital. The catchy part is that as long as the construction industry is successfully thriving, it means that this respective niche will also thrive and never give a loss to you.

Business of offering Bricklayer Services

If you wish to make money out of the construction industry, you can try out the business idea of offering bricklayer services. It is a good business plan for all aspiring entrepreneurs out there. Most importantly, you have to undergo some training if you intend to offer such services.

Become a Real Estate Broker

It might turn out to be fruitful if you plan to become a real estate broker. Indeed, it has become one of the profitable professions linked with the construction niche. This respective business demands making solid connections with buyers and sellers! In other words, you act as a third-party person between a buyer and seller and get a hefty commission in return.

Offer landscaping services

One of the worthy and money-spinning business ideas we have for you is to start offering landscaping services. Here you grab contracts and deliver the services on a residential and commercial scale. Your primary job will be to maintain the gardens and lawns.

Offering House Repair Services

Old houses constantly demand repairing and a lot of maintenance. In this regard, professionals offering house repairing and remodeling services are contacted. You can surely start this business idea because you make ample profits here and never face a financial loss.

Set up a Manufacturing plant of Marbles and Tiles

The 21^st century has seen the massive trend of using marbles and tiles installed in homes and offices. It will surely not be a bad idea to set up a manufacturing plan for marbles and tiles. People love flooring ideas that are packed with eye-catching marbles and interesting-looking tile designs. There is a massive market that seems ready to buy this stuff from you! You can also start a business about fixing tiles, marbles, and interlocking slabs, and paving stones.

Building Wiring Business

Try considering the Electrical Wiring Business idea! We all know that any building does not look complete if it does not have a proper and thorough electrical wiring system installed. If you have studied engineering and are thinking of initiating a business in the construction industry, we suggest you opt for this venture. It has been marked as one of the thriving business ideas that you can go into. Moreover, if you know the tactics to network and market your services, you can do exceptionally great in this business.

Set up a manufacturing plant for Doors and Gates

The trend of setting up a manufacturing plant for doors and gates is going sky-rocket high. Such an idea has to turn out to become a supplementary construction-related business venture. No building seems to look complete without having doors and gates. So, the idea of setting up this respective plant will go in your favor on the financial terms.

Conclusion

So, which construction business do you want to start now! We know that there is a pool of other ideas and plans, but we have shortlisted some of the best and profitable projects with you. Stay tuned with us, and we will regularly update you on what other ventures and business schemes have become limelight of the construction industry.

Pharma companies produce chemical-based vaccines and medicines, while biotech companies manufacture medicines and other products using live organisms. Companies like Pfizer, Johnson & Johnson are top companies that excel in both fields.

Pharmaceutical companies take time during the research and development phase and need massive investment. But once the drug becomes a hit, it will also provide a high return on investment for the company. However, small and medium pharma may not recover from heavy losses if the development is unsuccessful.  The medical society may not support the use of your medicines or vaccines. It can be a hit-or-miss effort.

On the other hand, large pharma companies seem to cope with this situation since they already have various existing medicines and vaccines out in the market. They can simultaneously do research and development for new products and improve the current ones. Investors for pharma companies are willing to take high risks in return for high returns for their investments.

When assessing the financial feasibility of your pharma company, there are critical factors to consider. Let’s discuss these key points below.

1.  Sources of Revenue

Sources of revenue for pharma companies will vary from product sales, licensing, and milestone payments. Product sales have higher returns than licensing, but you also need to incur costs for the selling, promotions, and logistics. When you opt for licensing, distributors will do the logistics and distribution for you. Your return is lower but also means minimal workloads and staffing on your part. Milestone payments are from buyers you sign a contract with to deliver the products in the agreed time. Payments can be in tranches, and the buyers will pay in full upon final delivery.

2.  Portfolio of Products

Since investing in a pharma company is riskier than other business ventures, you should have a portfolio of products instead of focusing on one or a few products. These will diversify the risks if one or some of the products are a failure.

3.  Success Probability

A company may spend years developing the products, but there is no assurance whether a drug or vaccine will succeed. Also, a drug may be successfully made, but the medical community and society may find it controversial. To be more conservative in your projections, putting a success probability rate per product will help you evaluate how it affects the company’s overall revenue. Products in early phases have a lower probability, 100% for those already out in the market.

4.  Research and Development (R&D)

R&D is the significant cost incurred for a pharma company. It takes years to develop a drug or vaccine and go through different phases and approvals before it is out in the market. R&D can either be capitalized or accounted as an outright expense. Capitalized R&D will be amortized for several years. So, when we say that the costs will be capitalized for ten years, the costs are divided into ten years, and only a portion is recorded per year until the end of the amortization period. When it is accounted as an outright expense, it is recorded when incurred. Recording as an outright expense may result in a loss in your Income Statement, especially if the business is only starting. It will also mean no taxes to be paid on that losing year. The capitalization approach will spread the amount, thus minimizing the recorded expenses annually.

5.  Patents or Generics

Whether you will produce patent medicines or generic will depend on the direction you want your company to take. Patent medicines and vaccines command higher prices than generic drugs. Producing patent products will require more investments for the R&D, but once it becomes successful, it will also have a higher return. Usually, the patent period is 20 years. Once patents expire, the prices of the products will drop since you don’t already have the exclusive rights to produce.

On the other hand, producing generic drugs does not need a lot of investment, and you can produce similar products out in the market with no patents. Due to steep competition for generic drugs, prices are generally lower.

Presented above are the critical factors to consider when planning to start or expand a pharma company. Financial planning for a pharma company is more complicated. Utilizing a financial model template will be helpful, especially those financial models with well-thought structures and critical metrics for financial planning tasks.

You can check eFinancialModels, a leading website providing financial model templates. It offers a pharma biotech financial model template that is easy to use and fully editable for your project evaluation.

As the country’s leading provider of renewable energy and energy-efficient solutions for low-to-moderate-income property owners, PosiGen has seen a lot of growth and development over the last few years. At the top is leadership from PosiGen CEO, Thomas Neyhart who also is the co-founder of the company. The company is set to help more people than ever get into the solar energy solutions that are sure to create energy savings and financial support for those who need it.

 What Is Thomas Neyhart Creating?

PosiGen offers a unique way for property owners to gain access to renewable energy that is not only good for the environment but is also a good way to cut costs. A good example of the work the company is doing came after Hurricane Katrina struck the south. When many people worked to rebuild New Orleans, they choose energy-efficient and solar programs to help them rebuild more efficiently. The problem is that many low- to middle-income families didn’t have that type of access. Quite often, they lacked the necessary FICO score or household income to qualify for programs that could help them get these solutions in place.

That’s when Thomas Neyhart decided to create a new solution, one that allows for access to renewable energy options that are clean and good for the environment but also within reach of those who have a lower income threshold. The move to provide solutions to this sector of the market was an effort by Neyhart, who easily saw that this was a segment of the population that had been overlooked. The result was significant growth of the company.

What Makes PosiGen So Different?

There are a number of factors that make Thomas Neyhart and his plan so different? What the company offers is much different than the competition. First, there is no FICO score required for property owners. There is also no minimum income required to obtain solar energy. The company also does not look at the debt to income ratio. All of these are limitations and barriers to accessing green, clean energy for homeowners.

Instead, the company requires that those who utilize the company’s solutions be a homeowner and be current on their electricity bill. With those qualifications, property owners may be able to get a fixed monthly bill for the entire 20 years they are with the company.

PosiGen is the only company to guarantee savings – something that is virtually unheard of in this segment. The company not only guarantees production, but it also guaranteed savings. The company is recognized as the only for-profit solar company that focuses on helping this specific segment of the population. It specifically aims to support low- to moderate-income property owners and communities of color.

At last check, PosiGen and Thomas Neyhart are achieving those goals. They state that 75 percent of the 18,000 solar systems and energy-efficient upgrades they have made have been in this segment of the housing population. It goes further as well. The company is diverse and inclusive with over 65 percent of those on the team being a person of color and/or female.

What Does PosiGen Have to Offer?

The company’s framework seems solid, but the question is, what are they providing to customers? PosiGen offers a combination of efficient energy with solar technology. It works with each property owner to create an individualized solar power solution that fits their needs and meets their financial goals. That type of flexibility is also rather unique in the industry.

The process is easy – the company’s system uses solar panels to take in sunlight. It then transforms that light into usable, renewable energy for the home to use. It is kinder to the environment and far less expensive than traditional electricity, creating a win-win scenario.

Thomas Neyhart on the Company’s Changes

Over the last year, PosiGen has seen a significant amount of change and updates, many of which are creating opportunities for the company to further its goals and reach more people.

In April of 221, the company landed support from Mizzen Capital, LP, a private credit fund. Mizzen made an investment in PosiGen. Mizzen led the financing in the company, providing $8 million of a $24 million term loan to serve as working capital for PosiGen. The goal of the fund was to help accelerate its growth in its efforts to connect more low and moderate-income homeowners with energy-efficient upgrades and solar power. Other investors included Stonehenge Capital and Reinvestment Fund, each providing $8 million to do the same.

At the time of the investment, Thomas Neyhart said, “PosiGen is a company devoted to creating good jobs in underserved communities, to enable equitable access to clean energy, and to make a meaningful difference in the lives of the families we serve. We couldn’t be more pleased to have these three organizations help us advance those goals in a sustainable and scalable fashion now and well into the future.”

Later the same month, PosiGen announced the second close of its Series D growth equity financing. The effort led to the addition of a $27 million investment from leading private equity investors. Among those investors were Kayne Anderson, Activate Capital, and SJF Ventures. This second closing of the fund brings the total round to $60 million.

At that point, Thomas Neyhart stated, “PosiGen couldn’t be more pleased to complete our Series D equity raise with these seasoned investors joining the company as true partners.” He continued, “Each brings deep experience to the table, not just in the renewable energy sector but also with respect to helping high-growth companies reach their potential. At this inflection point in PosiGen’s own growth story, I am confident we have now assembled an investor group that can help us fulfill our mission to our customers across the national footprint we are seeking to achieve.”

Leadership Changes from the Top Down from Thomas Neyhart

In May of 2021, the company announced that Josh Storrusten would take the position of Vice President of Operations for the company. Storrusten has a long history in solar energy that he brings to the table to support the efforts being made by PosiGen.

Most notably, he served as the operations leader of a renewable energy corporation that provided residential and commercial properties with solar, storage, and energy-efficient products. Neyhart said of the change in leadership, “His leadership and experience prepping companies for scalability will be invaluable as PosiGen experiences rapid growth into new markets. Under Josh’s leadership, PosiGen will truly be building the next generation of green energy professionals.”

Also important is the company’s announcement in November of a change in the chief legal officer. PosiGen announced that it was adding Dan Black to the company to serve as Chief Legal Officer. There is no doubt of his qualifications having worked as a general counsel with extensive experience in the energy sector specifically. His history includes work at one of the largest residential solar companies in the country, where he served as Chief Legal Officer, Executive Vice President, and Secretary.

Speaking of the move, Thomas Neyhart stated, “As PosiGen continues to experience significant growth into new markets, our priority is to continue to add strong team members who understand and support our mission to make solar available to everyone.” He continued, “Dan’s past experience with solar combined with his legal expertise make him the perfect fit for our team.”

 Get to Know Thomas Neyhart

Behind the growth and change at PosiGen is its co-founder and CEO, Thomas Neyhart. He founded the company in 2011 with the specific goal of making a positive financial impact on the lives of the customers he served by providing them with access to green energy solutions. From the start, the company’s focus on low to moderate-income families was the goal. And, it has helped more than 10,000 people in the New York, Florida, Connecticut, and Louisiana area achieve these goals.

Since the company’s founding, Neyhart has helped the company see numerous changes, including becoming the fastest-growing energy company in the country in 2014. It was awarded the Patriotic Employer Award by the Office of the Secretary of Defense and a Blue Ribbon Award from the U.S. Chamber of Commerce the same year.

The company continues to have a very specific focus – in serving those who would otherwise not have access to the cost-savings opportunities that come from solar energy and energy efficiency in general. Today more than ever, those who are looking for a way to access energy-efficient solutions can gain access thanks to the work of this company and its investors in providing access to solar. The company continues to see a significant amount of interest from investors, especially those who are also pursuing ways of supporting access to green energy in low- to moderate-income homes and communities throughout the U.S. There is no doubt this company will likely continue to expand with confidence.

For the second time in as many years, the government has cited low productivity as a problem in the UK. And, the statistics suggest this could be true, with productivity growth showing a downturn since the 2008 crisis. While the UK is far from alone in this decline, the shortfall is twice as bad here as in other economies. But what is the cause of this downward spiral of productivity and what can be done to combat it? 

The causes of the issue

The UK’s ability to improve its standard of living and build up the economy comes from its ability to boost productivity of its workers. But the growth of productivity has stalled for several reasons, and the events of the past few years have created further problems in this regard, from Brexit and the pandemic to the shift in the skills young people are leaving education with. 

Skills shortages

One issue that has posed a problem for businesses is the skills shortage which has impacted a number of industries in the UK, making it hard for companies to expand and develop. In fact, on a broad scale, over 16% of adults of working age in the UK are estimated to have very poor literacy skills, something that could cost workers 20 months worth of lost earnings over the course of their lifetime. And in specific industries such as construction, there’s the issue that young people aren’t gaining the skills to fill roles left behind by an ageing workforce. 

Studies have found that businesses, recruitment agencies and public sector organisations stated barriers to filling vacancies include applicants lacking the technical skills and knowledge for the role, work experience and industry knowledge. This is particularly prominent when it comes to AI and digital skills. But the likes of commercial awareness and communication skills are also lacking in many applicants. Industry-specific skills are also in short supply, as the recent shortage of HGV drivers and tradespeople has proven. 

Staff morale and health

Something that’s often overlooked when it comes to productivity is morale and worker health. The link between health and economic growth can’t be overlooked. Employee stress plays into this, and it’s an issue that connects closely with long working hours and demanding roles. With the UK guilty of some of the longest work hours per worker in Europe, it’s a problem that has a big impact. Improving work conditions and providing resources for staff to combat workplace stress and anxiety are essential to boosting productivity and happiness in the workplace. 

Brexit and immigration

Politically-speaking, there’s also been the challenge of Brexit, with many industries losing workers due to the change in immigration ruling, and the fact that wages have remained low in the post-crisis period. Businesses have been keen to invest in recruitment rather than their business processes, resulting in more cheap labour being taken on to fulfil workloads rather than companies spending money on the tools to enhance productivity in the long run. So, what can be done to tackle the problem?

Invest in training

Training staff for available jobs to ensure that the workforce has the necessary skills is essential to productivity, not only for individual businesses but the UK as a whole. The government has been pressing ahead with investments in skills and infrastructure to make it easier for people to gain the skills required for different jobs. But it’s also something that businesses can adopt for themselves by providing an incentive for applicants through bespoke training programmes to build up skill sets across the team. Focusing on boosting skills and retraining applicants can help to alleviate some of the burden placed on businesses who have lost workers due to Brexit, as well as aid career progression for existing employees. 

Re-optimise processes

The shock of the pandemic could well provide a much-needed boost to businesses. Not only has the past year given businesses time to reflect and either pivot in a new direction entirely, or it’s provided a chance to reconsider how to operate in a more effective and productive way. The time spent closed for business, for many business owners, was a positive in the sense that upon reopening, companies have had the opportunity to re-optimise and improve in areas where they may have been lacking before. The burst of innovation and adaptability, whether out of necessity or a change of heart, could support productivity in the future. 

R&D to drive innovation

One area where the UK is letting itself down is on research and development, which is a big driver for innovation and productivity in businesses. In fact, the UK spends considerably less on R&D than many of the world’s largest economies. Economists are in firm agreement that the root of growth is innovation, so there’s every chance that a partial cause of the UK’s struggling productivity rates is the lack of research and development investment in both public and private sectors. 

In summary

The productivity dip isn’t exclusive to the UK – it’s a global problem that’s been exacerbated by the pandemic and other challenges. But skills, processes and technology are at the core of resolving this problem, and are connected to one another. The skills are necessary to meet the demands of evolving technology, which in turn will improve processes and drive productivity. There’s no simple answer to this problem, but lifting the UK out of this issue can be achieved with the right investments.