Once you have a thriving contracting business, you’ll probably have a set of equipment that you use all the time, with other pieces that you don’t need quite as much. Since your financial success depends on you being able to maximize efficiency, you want to minimize downtime for all your equipment. Consider adding these practices … Read more
If you’re like a lot of people, you’ve spent years thinking about what it would be like to be your own boss. While it isn’t all sunshine and roses, there are certain advantages to running your own contracting business. By keeping these benefits in mind, you’ll realize that there are a lot of incentives along … Read more
When you decide to run a business, you’ll need to determine how many different kinds of services you intend to offer. Some people try to spread out their offering so that they can take advantage of demand in different areas. Other business owners prefer to stick to one or two services only. Here’s how to … Read more
It takes a fair bit of work to get ready for the contractor licensing exam. But once you’ve got everything you need to take it, you may open up a world of future opportunities for yourself. Here’s how to know that you have checked all the boxes and are set up to take the exam … Read more
You know it could be coming, and it might even happen within the week. When whole states are shutting down construction projects to try to slow the spread of COVID-19, it may not take long before your contracting business is affected. There are times throughout your career that you will need to suspend work on … Read more
Running a business requires you to be an expert in sales, marketing, accounting and more. Of course, you must have the skills to become a licensed contractor, but that’s usually not enough. You may not think much about it when you’re figuring out which field to choose or what services you want to offer. But … Read more
Scheduling work far out in advance is a good way of protecting your cash flow. But what happens when the flow of new projects dries up? The pandemic has changed the demand for construction significantly, although some areas are affected more than others. If you’ve been relying on a backlog to ensure that you always … Read more
In order to run a successful business, you have to keep an eye on your money. This is particularly true in the first few years, if you have to do your own accounting. There are lots of reasons to hire a professional to handle your bills and income, but it’s still wise to keep your … Read more
As the owner of a contracting business, your work might require you to take certain precautions related to environmental regulations. There are quite a few of them, and the ones you’ll work with depend on the jobs you do. Here are a few of the most common you can expect to encounter while you’re on … Read more
For the moment, social distancing seems to be the order of the day. While you can still do work, your contracting business needs to be accomplishing as much as possible. But trying to do that while you stay six feet apart from everyone else and avoid touching things feels impossible. Here are five things you … Read more