Good luck to you. But your goal should be to pay $100 a day in taxes, not earn.

 

How many hours do you plan to work, for getting $100 per day?

Bonding may be different in Texas than it is here. I couldn't answer that for you.

Work comp insurance? Keep in mind that some of your customers will be other construction companies. You will need work comp ins. Unless things are different in Texas.

Good luck and Welcome. I've learned alot from this site. I'm sure you will too.

The first may be that you aren't setting your goals very high.

 

I thought I only needed workers comp if I had employees but I'll look more into it thanks.

 

"Everyone" has a sharp attention to detail in their mind. That won't make you any different. It would need to be something like same day repairs or two day projects, something different.

If you only want to make $100 a day, work for someone else. No reason to have that much responsibility and make $100 a day. I recently took a two month "vacation" from my business to try out a regular job. My take home after taxes was about $230 a day. I re-opened the company because I could do triple or quadruple that a day and it was a hard adjustment.

If you don't want to become a millionaire, self employment probably isn't for you. You should at least have the drive to be a millionaire even if you may never reach it.

 

Starting A One Man Drywall Business, Feedback And Advice Appreciated

Or you can wake up and do what you enjoy doing and make a nice living. Being millionaire dosnt even make my top 20goals in life but nothing wrong with setting goals at all.


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100 dollars a day will keep my doors open, but that's about it. That's what, 2,000 dollars a month. 24,000 dollars a year or so. Take out taxes, insurance, tools, rig expenses, advertising, lunch and you are starving.

Realistically, you need to look at 200 a day to keep going.

It costs me 200 a day just to have one worker.

 

If you are going to build, grow & support a business and yourself you need to shoot for more like $400 per day.

Good Luck.

 

Okay so the $100 a day line wasn't that well thought out. I said that because that's double what I'm making now, though it's not in construction. I'd like to be a millionaire, one day, but from the reading I've done on this forum, people love to complain about how there's no money in starting a drywall business so I wanted to prevent those comments but I left myself open to other criticism. It's cool though.

 

$400 a day is not that hard to achieve in a sole proprietorship. Keep in mind that should be after expenses, and your personal labor and business profit have to come out of that $400.

Don't short change your self right out of the gate. If you are in an upscale neighbourhood and are willing to do repair and patch work as well as new construction, figure out a trip charge rate and an hourly rate on top of that. Small jobs can be the cream off the top or the chain around your neck. It's up to you too determine which. If you start by working smart, working hard pays off. If you start by working hard you'll still make money but it's easy to end up spinning your wheels.

Be willing to learn from your own mistakes but try to learn from observing others mistakes as well.

 

Don't forget that if you used to work for someone and they paid you $15 an hour, they may have charged the client $60 for your time and still just broken even.

 

For your logo promotional stuff I would go to designcrowd.com. I used them at a roofing company and got lots of options for realatively cheap.

You really should be looking to pay yourself better than 100 a day. You are going to find out that ownership is not worth the headache for 100 a day.

I'm starting my own company and my plan is to pay myself 750 a week. I won't get rich at that pace but I won't starve.

 

There are lots of good threads here about how to determine your price. Read them. I work by myself a lot of the year and get a crew together for the busy season. I try to have $1,000 a day left over after material and other direct expenses as many days as possible. I am not even at a spot where I am hitting it 50% yet, but by shooting for it I am getting there way faster than I otherwise wood.

If you told me that I would be thinking about that when I got started I wouldn't have seen how it was possible but it definitely is. Here is how.

-Bid work rather than t&m as much as possible

-Pay very close attention to which jobs you do best at. Once you identify the jobs where you make the most money, move towards those jobs as quickly as possible

-Make money off of your sales/volume weather it be material, subs or in house labor. If you only intend to profit from your personal labor, a good paying job is a better answer.

-Get a little jaded. Learn to say no and to disappoint. At first it's hard to tell someone you don't want the project or that the job they thought would be $500 is $1,500 but you have to.

-Be worth it. As you read the thread you will see countless stories of people working for to cheap getting in terrible circumstances. Charge like a professional and build like a professional.

The bad news is you have to work for cheaper for a while to get the phone ringing. It a balance between selling enough work and increasing prices. Just don't start thinking you can make it at $35 an hour for the long haul or you will be spinning your wheals and struggling to keep up.

 

Framing and sheet rock in high end neighborhoods is kind of a weird niche. Might I suggest kitchen and bath? Preferably one or the other so you can really specialize.

 

I hate to burst your bubble, but you may be choosing a poor niche for a one man crew.

Usually, sheetrock work is wanted fast. You, as a one man crew, won't be fast.

Even high end work rates sheetrock low on the list. There is an excuse for slow cabinet/trim work. Even for slow painting.. (perfection, etc..) Sheetrock usually doesn't command that type of commitment.

I think you will have a hard time pulling jobs where a crew can hang and tape in one day, while you would take three.

 

What will set me apart from others is that I have a very sharp attention to detail and I'm skilled with my tools.

No offence, but you have some work to do here...

That is not a unique selling point at all. Pretty much everyone in the world claims the exact same thing.

 

Just wondering how a one man operation is going to hang 12 foot sheets on a ceiling and be profitable/productive.

 

A lift. I've done 16' alone.