Civil Engineer Responsible for preparing bids for tenders, and reporting to clients, public agencies and planning bodies Ensures that sites meet legal guidelines, and health and safety requirements Assesses the environment impact and risks connected to projects Responsible for judging whether projects are workable by assessing materials, costs and time requirements Draws up blueprints, using Computer Aided Design CAD packages Discussing requirements with the client and other professionals e. We know that it will be a bit difficult to compete with already established construction companies in the United States especially because we are new in the industry.
Courtesy Company Nabil Kassam founded Noble Iron, a company that rents and sells heavy equipment for the construction industry, in Just out of Stanford business school, he was faced with an uncertain market, but came construction equipment hire business plan with a business plan that upended traditional sales channels in the heavy construction industry.
Today Noble Iron is thriving, with employees in the U.
I sat down with Nabil to find out how he updated a very closed and traditional sector. The following is an edited version of our conversation.
So you're taking the Amazon and Netflix model and applying it to renting construction equipment. Yes everything we do at Noble Iron is either online or via call center fulfillment.
What that does is really drive down overhead, which lets us come in at about a 30 percent lower price point than our competitors.
This allows us to continuously improve the Noble Iron experience. What made you realize an idea like that was transferrable to heavy equipment?
Books and movies are one thing. But renting earth movers and cranes online?
This is my third venture in construction and industrial equipment. However, we were purely an amalgamator with Rent On The Dot. Rental companies provided inventory and customers rented it.
With Noble Iron, we are a platform that owns inventory for rent; sells equipment; offers ERP software applications to our customers and other rental, dealership and construction companies; and is also an equipment marketplace.
Social media was really on the rise and I saw things such as Yelp and Open Table coming to the forefront. That opened my eyes to the possibility that the Open Table model could be brought into the construction equipment world. I consider us a forward company. Everyone needs to embrace innovation and technology as a fundamental way of doing business.
If you look at Amazon, they probably own more brick and mortar infrastructure than most of their traditional retail competitors. During the early part of your career, you were doing turnarounds.
What brought about the shift to being more purely entrepreneurial? And during most of the time I was in business school, I thought I would go back into turnarounds when I graduated. Tell me about starting a business in ?
Not a great time to be starting a capital-intensive business. We had an idea, a business plan, and a team.
But banks were very skittish and unwilling to lend. Fortunately, Texas was the one state in the country with a budget infrastructure surplus at the time.
Construction and industrial activity was still going strong here. So we moved to Houston and began building a sort of pilot prototype for Noble Iron.
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Some people on our team were from Houston and happy to be moving back home for our launch.Bring it together in a business plan for your rental business – a rental business plan. A business plan is essential for the success of your business.
Remember the old proverb – failing to plan is planning to fail. Sep 28, · The equipment rental industry is growing, and if you're scouring for business opportunities, this might be your chance to get in on a lucrative one.
Just out of Stanford business school, he was faced with an uncertain market, but came up with a business plan that upended traditional sales channels in the heavy construction industry. Construction Equipment Rental Business Plan – Executive Summary Tack Rentals (TR) is a standard and the exclusive go-to equipment rental business based in Atlanta – Georgia, USA and intends to rent its equipment to individuals and businesses.
Construction Equipment Rental Business Plan – Publicity and Advertising Strategy Publicity and advertising is a very important aspect for any business that intends to play an active role in generating revenue whilst also creating the necessary awareness it needs for its brand.
Global Business Plan of Construction Machinery Solutions 93 TrANSFOrMATION OF BUSINESS MODEL The Go Together medium-term management plan .