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How to Start Contractor Business

You can start contractor business in any industry. Today, we are telling you, how can you start contractor business specially construction of water tanks. Following are its main steps

1st Step : Estimation of construction overheads 

Prepare a report of your estimated overhead cost and then it should be approved with proper authority. After this, contractor should fill the tender.

2nd Step : Investment 

For construction of water tanks, he has to invest his money in machines, shattering, skilled labour capital and security.

3rd Step : Qualification 

Minimum 10+2 or B.A. is sufficient to start contractor business.

4th Step : Experience

Before taking any govt. contract, he should take small private contract and his satisfied work will become his plus point for taking govt. contract.

5th Step : Way of Work 

1. Material is supplied by owner. He will just do the work with the help of labors.

2. He will also supply all raw material.

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Following are main objectives of business environment:
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One of main objective of the study of business environment that it can provide all the information which is needed for taking good decisions. Suppose, you completed your internal business environment study. With this study, you can take decision relating to purchase, sale, salary and price because you know your competitor, you know your suppliers and you know your customers. 
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Following are main limitation of business environment analysis:

1. Unexpected and Unanticipated Events 

We can not tell unexpected and unanticipated events in business environment analysis. Sometime, business has to face unexpected happenings. So, there will no benefit of business environment in these cases.

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Business environment analyst does not give any guarantee whether all events will happen as per estimation in business environment.

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Sometime data may be incorrect. So, decisions on basis of these analysis may be risky for business.

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