Need Info. On Starting Own Business

small business

Hello everyone. I presently work for Abstract Creations we do various jobs from Founditions and additions to drywall and painting. I want to start my own small business but need info.

N.E.Bldg&Rest.LLC

SBA

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"Man is a tool-using animal. Without tools he is nothing, with tools he is all."

Thomas Carlyle (1795-1881)

Tom R

Get insurance, - - get a license, - - get a permit, - - get to work.

Glasshousebltr

The only cool thing about being in biz for yourself is every so often, ya get to say it.

Bob

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Bob

slickshift

SCORE too

Also read The Idiot's Guide to Starting Your Own Business
(actually a decent over-view primer of starting your own biz)
Also read the E-Myth Contractor

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Signature Quote

Quote:

Originally Posted by ModernStyle I have never used this crap before and I pray to the paint gods that I never have to use it again, I would rather use Behr

Disturbed Elect

unless you can deal with not getting paid and having to chase your money don't bother.

Disturbed Elect

I have been a Licensed Electrical Contractor For 10 Years in New Jersey and have had as many as 25 employees....My Advise, go back to work for a stable company. Unless of course you don't mind the following. Chasing after your money, dealing with people who sometimes own major companys who will screw you and go home to sleep like a baby, homeowners who can be a major pain in the ass,
trying to be honest and trustworthy when most around you are not, trying to pay your bills to suppliers when you haven't collected all your money yet, trying to pay your bills in general,and last but not least my favorite...Retainage, so you know also General contractors very rarely lay out there own money, most of there contracts have pay when get paid clauses. Which basicly means they don't front money and as soon as they collect they deduct right away there overhead,profit and general conditions, this is after usually getting a deposit from the owner that they rarely foward to subs. They are very smart and clever. Be carfull. I know of one GC that did 25 Million in sales and was compleatly debt free at the end of the year.He did not spend a dime of his profits to operate his buisness like us measly little Subs Do.

Mike Finley

Since you have cut and pasted and posted this in multiple places here perhaps it's time to acknowledge that you aren't cut out to be self-employed and start filling out some job applications?

DaveH

Word up Mike!
Word up!

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A buck a foot is not an estimate! It's a crap shoot!

ProWallGuy

Sounds like somebody pulled up a booth at Cafe Bitter.

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Wallpaper Hanger St. Louis
Digital Murals Installation

dirt diggler

personally, in a sick way, i like doing collections

maybe i just haven't been stiffed well enough yet ...

linkster01

????

slickshift

I'm sure there's a few boys slightly east of me in P-Town that could take care of that for ya

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Signature Quote

Quote:

Originally Posted by ModernStyle I have never used this crap before and I pray to the paint gods that I never have to use it again, I would rather use Behr

Disturbed Elect

Why Mike Finley? Does what I said hit home to hard? I was in a bad mood that day, but all I said is true and you probably know it. By the way I am Successful.

www.executechelectric.com[/URL]

dirt diggler

HAHA --- hey, I'll letcha know when I need em

karma_carpentry

Hey small_business,

I recommend checking out Dave Gerstel's book "Running a Successful Construction Company". Lots of good info in there to season your enthusiasm with some reality checking.

Like the timeline for starting up is almost a year long preparation for getting all your ducks in a row before setting out.

Or like the importance of knowing your numbers, knowing what everything costs you including labor for specific tasks, and all your overhead expenses.

These are basic concepts you'd probably figure out after a while, but better to get a heads up on the early, and this book is a good summary in my estimation.

KentWhitten

I was told a long time ago by a great businessman, "specialize in one thing" and he mentioned McDonalds for an example. Pretty damn good example if you ask me. Don't get caught up doing a little of this, a little of that. Start small and always watch your back.

Tom Rohland

Key Factors for Business Success:

1. Motivation

2. Know the business

3. Promotion

4. Give it time to work

5. Stay with it


Tom Rohland, Jr.
Ranger Painting & Pressure Cleaning, Inc.
Lake Mary, Florida

karma_carpentry

Thanks for the good words, Tom. Heartening to me today while I had a couple jobs that I thought were in the bag got turned down. Still trying to make it really take off. Need to remember that Rome wasn't built in a day. Start small, know your stuff, and stick with it.

Troy

I highly recomend contacting your local chapter of SCORE ( Service corp of retired executives ) they'll give you all the help you need for free. It's a great service!!! Good Luck

PS Your own Bus. is great but get ready it's ALOT of work and not cut out for all.