Did you know there are over 36,000 contractors in the United States? These individuals coordinate and oversee construction projects from start to finish, including the materials, personnel, and day-to-day activities.
One of the reasons so many people choose to offer general contractor services is that they can easily start their own business without attending college or with expensive upfront costs. And in many areas, there is a demand for qualified workers who can lead home remodels or construction projects.
If you’re thinking of starting a business as a general contractor, keep reading! We’ll give you all the essential information, including becoming qualified and generating leads!
Develop the Necessary Skills
Before you become a contractor, you need to acquire skills through courses or hands-on work. For a successful business, you should learn how to:
- Make a budget and track expenses
- Bid on projects
- Get a permit
- Comply with building codes
- Manage customers’ expectations
- Schedule subcontractors
One of the best ways to learn these skills is by working for a construction company for a few years. This experience will allow you to observe the ins and outs of the industry while getting paid!
Pass the Contractors Exam
Once you feel prepared to venture out on your own, you should begin preparing for the contractor’s exam. You’ll need to do this before getting licensed and bonded, requirements for contractors.
However, the test varies from state to state. So be sure to study the material for your state’s test!
Draft a Business Plan
Your business plan will help you direct your efforts sensibly to start making a profit sooner. You should include factors like:
- Types of projects you’ll work on
- Finances you have to start your business
- Cash flow estimate for the first year
After putting your ideas on paper, you can determine whether you need to get financing from a bank. And you can brainstorm other ideas that will help you become more profitable!
Build Your Reputation
One of the best ways to build your reputation (and your business) is networking. So keep in touch with other professionals in your area who may pass on leads when they’re too busy to take jobs on. You can also join the chamber of commerce in your area or the Better Business Bureau.
Of course, your reputation largely depends on the quality of work you provide, so develop a good work ethic and problem-solving skills.
Market Your General Contractor Services
Marketing your general contracting services will let potential customers learn about the great work you do.
One great way to do so is by building a website that lists the services you offer and samples of your past work. You can also employ SEO tactics on your website through blog posts and social media.
Another great way to advertise your services is by starting a YouTube channel that teaches people how to do simple home repairs or DIY projects. But if you aren’t too tech-savvy, click here for more help with lead generation.
Make Your Contractor Business a Success!
There’s a lot involved in offering general contractor services. But, by taking the time to learn the trade and develop a smart business plan and marketing tactics, you can triumph as your own boss in the construction field!
Would you like more tips that can help you start a company? If so, browse more of our business-related content!