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When you first enter a jobsite, one of the first things you have to confirm is its security. The construction jobsite can be a major target for theft, vandalism or even terrorism, if it is not properly secured. Your equipment and materials could be at risk, if the site does not have adequate security features and regular monitoring. These technological …
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You’ve got a monthly outgo of money for equipment, supplies, rentals and pay for you and your employees. However, your income might not be nearly as regular. Here are a few tips to maintain your cash flow, so you can keep paying the bills while you work on paying projects. 1. Maximize Income Regularity When you work as a contractor, …
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Did you know that what you don’t do at a jobsite may be as important as what you do? Clean-up before, during and after a project isn’t just a good business practice. This guide identifies some of the regulations you have to follow for proper site preparation and clean-up. Soil and Environmental Testing Before you start to dig at a …
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When the days are short, the nights are long and the weather is inconsistent, it can be more difficult to make progress with your education. If you want to make 2018 the year you become a licensed contractor, you can use these tips to increase your studying success, no matter what the temperature is like outside. Keep a Comfortable Temperature …
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You’ve been building your business credibility and finally landed a contract on your first really big construction job. This is a win, but also a huge responsibility that you want to get right on the first try. These tips show you how to keep the project’s size and scope from running away with your time and money.     1. …
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If you prepared to start your business under tax rules that ended in 2017, you should know that a lot of factors are about to change, especially for businesses. From tax rates on businesses to the kinds of deductions homeowners are allowed to claim, tax reform has the potential to influence the way you run your business, as well as …
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Sole proprietorship, S corp, or LLC. What does it all mean for you? Choosing how you structure your business may be one of the most important decisions you make when starting out as a contractor. Here’s what you need to know. Sole Proprietorship When people start to work for themselves, a sole proprietorship is basically the default. Contractors who operate under …
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You’ve heard the old adage that you can’t teach an old dog new tricks. The trick, as it turns out, is never to become an old dog. When you take opportunities to keep your construction education fresh, you will maintain your relevance in the industry and expand your influence. Maintain Existing Licenses and Skills Working as a contractor is not …
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Some parts of the country, like Southern California, can keep running outdoor construction all year long. Others have to take a break due to snow and cold weather. With these tips, you can keep your revenue stream flowing during the slow season. 1. Move Indoors If the weather outside is absolutely miserable, one of the easiest transitions you may be …
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Starting a business is both timeless and very, very current. You might walk into a bank for a loan, or you could rely on more innovative sources of funding to back your new career as a contractor. Although you will need to consult a financial expert for advice on the best ways to fund your business, it helps to have …
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For many, social media is simply a way to interact with the world. For the budding entrepreneur, it is a gateway to big business opportunities. With these seven social media tips, you can extend your online reach and get people talking about what your company has to offer. Know Your Target Demographic Almost seven in 10 people spend at least …
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These days, it seems that 3D printers can create almost anything, from fire arms to prosthetic body parts. They are rapidly changing the way that manufacturers create useful goods, and pose many interesting questions for the future of the construction industry. Here’s how you can get on board, to use 3D printers or incorporate them into your contracting business. What …
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Starting a career path that begins with a thorough education is both exciting and a little daunting. If you have been out of the school scene for many years, or if you are new to the idea of online education, you may need a little help to ease the transition. With these tips, you can make studying easier and more …
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When you start to bid on jobs for clients, you may realize immediately that communication is key. If you ask questions in the right way, you will get better answers. Here are a few tips to help your clients communicate what they expect from the project. Start With Goals for the Project As you start talking to customers, you will …
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When you start your contracting business, you have to make some practical decisions about purchasing or renting equipment. With these tips, you can make a useful long-term investment for your business. What Is the Cost to Rent vs Buy? The first aspect you want to determine is cost, since what you pay matters a great deal for your bottom line. …
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Construction is a competitive field with an amazing amount of growth potential. The United States Bureau of Labor Statistics estimates that construction jobs will increase in number about 5-10 percent by 2024. This means that the industry is growing faster than the average, with average pay about 17 percent higher than the national average. Licensed workers in some positions are …
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Working on an existing building requires extra care, to avoid damaging anything that is already there or may be brought onto the property. Insurance is key to keeping everything in the project moving smoothly, even when you literally hit an obstacle. With these tips, you can inform your clients about the practical uses of builder’s risk insurance, and whether or …
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Busy contractors spend most of their day out in the field where they work more with tools than with people. In a busy day, customer communications can easily fall by the wayside, leading to poor client relationships and customer disputes. These tips will help you avoid disputes with customers and develop productive relationships with your clients. Talk First, Email Second …
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Many people turn to the contracting industry because they want to be their own boss, instead of work for someone else. Contracting is a great way to earn a living while improving people’s lives and experiencing something different every day. Try these 10 tips to grow your contracting business and find success in the long term. 1. Join a Professional …
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In the construction business, change is a constant. Construction is impacted by the economy, the real estate market, home design, and much more. You’ll weather the market shifts with less stress if you have one or more niches in which you specialize. Learn why niches are key and how to choose your niche. Why Every Contractor Needs a Niche There …
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