If your small company had say 20k - 30k to invest in diversifying away from the construction / engineering sector what areas and industries would you look at for short to medium term returns.
As I was told recently... Diversification is where companies fail.
Stick to what you know. Buy into another business in your field?
Porn
or buy a helicopter
Currently the grass is not greener... although plenty of people / companies believe it is.
If your looking to diversify, look at similar business and decide if that's an area you want to get into, then buy into that space.
You can only grow business in 2 ways, either organic growth (new customers/new contracts) or acquisition.
If you'd like I'd be happy to take you through a day's business consultancy for a small fee 😀
Diversify only within what you know - you are not Warren Buffet..!
My suggesiton would be to look at the genuinely green side of your industry. Green leases are a key factor on new real estate developments now, so consider what you would need to do in terms of accreditaiton, etc. to get towards that type of construciton/engineering.
With the exception of martyns's suggestions, (which have been discussed at length over a beer or two and require much more start up capital than currently available), you seem to be echoing my thoughts by recommending closely related associated services to those I already provide. - My fear is the 'all the eggs in the 1 construction / development basket'
20-30K is not going to get you very far if you want to be well prepared.