Being self-employed brings people a sense of freedom not commonly found in businesses run by others. When you run a company, you can set when you work, how much you make, and who you work with. If you’re good with your hands, you may have considered becoming a contractor. Here are 5 tips to keep in mind if this happens to be the case.
Obtain a Local License
First things first, when you start the process of becoming a contractor, you’ll need to complete the proper training. If you live in Missouri for example, you must obtain a Missouri contractors license. Each state has different requirements, however, for the most part you’ll have to go through the required courses and then take a final exam.
Once you have the license you can start organizing the rest of your business. If you don’t have the licensing in place, you can have everything else set up but be unable to start work.
Get the Equipment You Need
With a license under your belt, you’re ready to start setting up your business. Finding the right equipment is essential. Without the proper tools like a hammer, screwdriver, or utility vehicles (think bulldozers), your business will have a hard time getting off the ground. Now, you can either buy or rent the equipment, depending on your initial funding and your goals.
When gathering equipment, make sure that you don’t overbuy. Only buy the tools that you need. With time, as you expand your services, you’ll also be able to expand on the tools and equipment you buy.
Hire Loyal Team Members
When you become a contractor, you can start work by yourself. However, as you gain popularity and take on larger projects, you’ll want to hire team members. Having a loyal group of workers who can help you is essential if you want to continue to grow your business.
The hiring process can be tedious and overwhelming, however, take your time with it to ensure you have the best employees on board. When you have a dedicated team, you can do more work, hence earn larger profits.
Build a Consistent Company Image
A company image is what will draw potential clients to you and differentiate you from your competition. As a contractor, first choose the kinds of projects that you want to focus on. You should already have an idea since you bought equipment and trained/hired team members. Now, you need to build an image around the work you’re doing.
It’s essential, in the day of the internet, to get online. Build a website that shows off your services and team. If possible, start social media accounts that highlight the work you’re doing. With consistent messaging both online and in your storefront, the community will know what your business is about.
Gain Loyal Clients
Finally, you won’t be able to start a contractor business without having a client base. Now, gaining loyal followers will take time so don’t rush this step. Start by reaching out in your neighborhood, to other local businesses, and getting a feel of the help that the market requires. Doing initial research is important so that you can tailor your company to help.
Once you’ve completed a few successful jobs, you’ll start to become a household name. You can even offer incentive programs for referrals.
Congratulations on Becoming a Licensed Contractor!
A contractor gains all the freedom of being self-employed while also building strong ties to the community. If you want to be a contractor, follow the necessary steps above. You can also do further research for specific niches. Don’t be afraid to dive in and get started.