Hello all, I have been browsing this site for months and have finally registered. I believe I filled out all the required data and info, If I missed something please let me know.
A little about me: I have been doing carpentry and remodeling all my (working) life. I started as a laborer for a window and door company and caught the bug! Anyway, many years later, after working for many other contractors, and a carpentry trade school, I've decided to start working towards going out on my own. I have been doing a tremendous amount of research regarding licensing, insurance, marketing, budgeting, etc. mainly on this site. I plan on saving up atleast 6mos. living expenses and 6mos. of working capital (overhead costs) before going out on my own full time.
The one area I can't really get my head wrapped around is how to project, or estimate my first years sales in order to figure out my overhead percentage to add to each job. I want to estimate and budget correctly, not just throw numbers at jobs. The only thing I could really come up with is calling local contractors, remodelers, etc. and asking them what a realistic range would be for my first years sales. However, I don't know how willing they will be to help out. I have no problem doing that, the worst they can do is hang up on me. I was wondering if any of you would be able to give me any suggestions, or methods of figuring this out. I am in the Baltimore area. I'm basically planning on doing general contracting, from 1/2 baths to additions. I am skilled to handle most of the work and will sub out what I need to. If any other info is needed to answer my questions let me know, or PM me. Thanks guys.