{"id":589,"date":"2019-11-08T16:10:58","date_gmt":"2019-11-08T23:10:58","guid":{"rendered":"https:\/\/contractorslicensingschools.com\/blog\/?p=589"},"modified":"2019-11-08T16:10:58","modified_gmt":"2019-11-08T23:10:58","slug":"whos-your-contracting-business-team","status":"publish","type":"post","link":"https:\/\/contractorslicensingschools.com\/blog\/whos-your-contracting-business-team\/","title":{"rendered":"Who\u2019s Your Contracting Business Team?"},"content":{"rendered":"

\"\"<\/a>When you first start your contracting business, you might be going it alone. Yet, it\u2019s often impossible for people to do all the work to keep a business running on their own. You\u2019ll need a team, and sometimes it\u2019s hard to decide which jobs can be filled by you and which ones require support. Here\u2019s the basic components of the team you\u2019ll want to have for your contracting business.<\/span><\/p>\n

Marketing and Sales
\n<\/strong>To a certain extent, it\u2019s true that you can build a business based on word of mouth. In other words, pick up a few happy clients and they\u2019ll let other people know to hire you for their own projects. However, construction can be a competitive industry, with lots of small businesses you\u2019ve got to compete with to get a client\u2019s contract. This is where brand management comes in. Knowing how to find your target demographic and the best ways to secure their business takes experience that you might not have. A sales and marketing manager can handle leads, but also advertise your services in the right places.<\/span><\/p>\n

Cash Flow Management
\n<\/strong>Every business needs a person who can collect payments, handle the bills and maintain the budgets. When you first start your business, this person will often be you. However, in order to make that work, you\u2019ve got to be reasonably good with numbers. This is an administrative task that will bring your business crashing to a halt if you forget to take care of it, though. If you\u2019re too busy completing projects to make this a priority, you\u2019ll need an administrative support person to keep track of the general cash flow of the business.<\/span><\/p>\n

Accounting and Payroll
\n<\/strong>Although handling the finances for the business seems like it could easily be done by one person, this usually isn\u2019t true. There\u2019s a reason many businesses outsource their tax accounting and payroll work to a service or accountant. If you get it wrong, you may be held legally liable for mistakes. There are lots of rules you have to follow to pay your employees and take care of your taxes each year, and they can be tricky to understand or remember. Paying a service to handle it for you ensures that everyone gets paid on time, including you and the IRS.<\/span><\/p>\n

Skilled Workers
\n<\/strong>Contracting businesses that serve homeowners for relatively minor tasks may be able to get by with just one person doing the work. However, it\u2019s worth considering a second person, if you have enough work available and you can pay them reliably. When all the work depends on you, you\u2019re on the hook to get the job done around the clock and in any kind of condition. Failure to meet the terms of the project can make it harder for you to secure clients in the future. Adding a skilled worker who can duplicate most of the work you do can improve your efficiency and provide a cushion for when you need to focus on administrative tasks.<\/span><\/p>\n

Subcontractors
\n<\/strong>Although subcontractors aren\u2019t technically a part of your business, many of the projects you do wouldn\u2019t succeed without them. You\u2019ll hire subcontractors to do the jobs that require skills you don\u2019t have, or to fill roles that you cannot do simultaneously. There are rules for the way the state allows you to classify contractors compared to employees, so you want to make sure you\u2019re doing it correctly. A reliable subcontractor who does good work is worth their weight in gold. They make it easy to take on more-complicated projects, without you having to provide regular work for them.<\/span><\/p>\n

Being an independent contractor feels like a business of one, but it often takes a team to make it a success. Understanding the different roles your business needs will help you build a fulfilling career. To get started, visit CSLS today!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

When you first start your contracting business, you might be going it alone. Yet, it\u2019s often impossible for people to do all the work to keep a business running on their own. You\u2019ll need a team, and sometimes it\u2019s hard to decide which jobs can be filled by you and which ones require support. Here\u2019s … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220],"tags":[],"class_list":["post-589","post","type-post","status-publish","format-standard","hentry","category-contractor-business"],"_links":{"self":[{"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/posts\/589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/comments?post=589"}],"version-history":[{"count":0,"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/posts\/589\/revisions"}],"wp:attachment":[{"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/media?parent=589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/categories?post=589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/contractorslicensingschools.com\/blog\/wp-json\/wp\/v2\/tags?post=589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}