Business plan for a general contractor business & how to start a general contractor business

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In this video tutorial I explain what is a general contractor, how to become a general contractor, how to get clients for this business, and how to write a business plan for a general contractor business. That is quite a bit of information. Let’s start with the basics by taking a look at what this type of business entails.

A general contractor is the company or individual hired to oversee an entire construction or home improvement project. That means that this individual or company is responsible for managing every skill and task needed, managing the budget, and making sure that everything is completed on time. This sounds pretty stressful, doesn’t it? Do you still want to start this business after hearing that you will be responsible for all those tasks?

It sounds complicated, and this is why this kind of a business is something you should grow into as you gain experience in this industry. You can grow into this type of business by completing smaller projects. As you complete smaller projects, you will also grow your business relationships within your industry. That will help you in the future when you will need recommendations for good services, and to leverage those relationships when you look into hiring different companies and individuals to complete parts of the projects on which you will be working on.

A part of the business plan for a general contractor business should explain how you will do marketing and get clients. It should also explain the size of projects you want to target, and your financial structure. The financial structure would involve your cash flow statement and your balance sheet. For other kinds of businesses I don’t always urge to focus on finances immediately because their finances may be quite simple. But for this business you will need to be very careful and detail oriented when it comes to figuring out how much to charge for various contracts and how to manage your own cost structure.

If you are already a general contractor, please comment in the comments of this video and post your experiences so that we can all learn from you and carry the discussion of how to start a general contractor forward.

Check Out My Book And Video On How To Start A Business

Here is my full book on how to start a business, and here is the video on how to start a business:

Here is the book on how to start a business on Amazon.

Additionally, here is my full course on how to start a business with a big discount.

Business And Entrepreneurship Psychology

To start and successfully run a business, you must have a strong mindset, be determined to succeed, and never give up. There will be many challenges along the way, and some of those challenges will be psychological. You will have to deal with issues like anxiety, fear, trust and mistrust, learning to let go of things like your ego, and learning to be humble. To prepare you for that experience, here is an article on business psychology.

And here is a tutorial on how to become a good and successful entrepreneur.

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