Starting a marine construction business can be a rewarding venture, however it is not without risks. Before you take the plunge, it’s important to consider all the potential pros and cons. Here are some things to think about:
• Potential for high profits: Depending on the job, marine construction can be highly lucrative.
• Variety of projects: From dock installations to boat lifts and more, marine construction often involves interesting and complex tasks that come with a range of challenges.
• Ability to work outdoors: If you love the water and don’t mind getting your hands dirty, marine construction is a great way to spend your days in the sun and fresh air.
• Expensive start-up costs: Marine construction requires specialized equipment that can be expensive to purchase or rent.
• Inclement weather: If you’re located in an area prone to severe weather, this could affect your ability to complete projects on time.
• Liability issues: Construction projects come with risks, and marine construction is no different. You must be aware of safety regulations and other liabilities that may arise during the course of a job.