When you're bootstrapping (and doing a lot of the operations yourself), things are cheaper but if you can't operate the business yourself, the trade-off is a lot of startup capital and very strong management. If you go this route, plan to have a good bit of startup cash, as you'll need to bring in all the people who will manage your business for you before you actually get any clients.
Know everything about your business fastlane forum how to#
Know how to vet and hire people who DO know the construction business and can run operations for you. Know how to start, build, operate and scale a business Ģ.
Most people aren't good at these things, which is why most business owners don't do well.Īs for not knowing about construction, you don't need to be a contractor to start a construction business. You have to be good at hiring, managing employees, marketing, sales, customer service, operations, scheduling, budgeting, cashflow management, etc. But, just like any business, you need to know how to scale. But that doesn't mean there aren't lots of great contractors out there as well - they just charge a lot of money and most people would rather bargain shop.and end up stuck with the bad ones.Īs for a construction business being scalable - absolutely. There are absolutely a lot of bad contractors out there, but that's simply because it's a low-barrier-to-entry business, and people tend to congregate towards these types of industries. And the reason that investors have trouble finding good contractors is because investors don't like to pay the prices that good contractors command these days - if you aren't willing to pay for good quality, you're likely not going to get it. Good contractors are booked out because there is a lot of demand for good contractors. And just because investors are having trouble finding good contractors doesn't mean they don't exist. Just because contractors are booked out a couple months doesn't mean they don't work hard. The truth lies somewhere between your personal experience and what you learn from these sources.You make a lot of (incorrect) assumptions in this post. In application you will see that common knowledge is often time not the truth. Picking side is how people sell you stuff you would not buy under sane conditions(a faulty belief system) while dividing and conquer, your mind and bank account. They consider it with their own truths and don’t pick sides.
They don’t cling on to a specific preacher or way of thinking. That being said, great people have something in common. Anything more than enough may become a crutch because you may feel overwhelmed or develop imaginary problems. Enough means you have the bottom minimum to create some momentum in whatever you want to build. It’s enough when you choose to create your own truth and look to verify the knowledge you acquire through applications. Only a short sighted fool who is above it all will say there is nothing left to learn.īut of course, when is it enough? What does enough even mean? Not to mention this forum.Īgain, there is no problem with learning and gaining new insights. It’s liberating to know I don’t have to learn from these so called university experts when I have Google and endless books from amazing authors. It’s a little game that I play by myself when I put 1 and 1 together without anyone physically teaching me. You give them hope because what if they do what you do? Perhaps they can get the results too… People love a person who fights with grit and sweat to get good at something because they can see themselves(potential self) in your struggles. There’s also a novelty in being a noob and looking at references and role models for inspiration. In fact I love it because it makes me feel that I’m not dumb enough to think I’m above it all.
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