Re: STARTING MY OWN BUSINESS, ANY SUGGESTIONS

Posted by Dig It on April 04, 2007 at 08:11:37 from (64.12.116.14):

In Reply to: Re: STARTING MY OWN BUSINESS, ANY SUGGESTIONS posted by big red fred on April 04, 2007 at 08:00:01:

I've had my own "scab outfit" for several decades now.

To the original poster, figure out how much money you will need to start and run this business. Then triple it. The main reason for construction business failure is lack of capital. As a newbie you will be expected to pay your suppliers in a very timely fashion and will be watched closer than companies that have been in business for a long time.

And the number one rule; Don't be afraid to collect your money. Many larger companies use small subs so they can string them along and tie up their capital instead of their own. In effect you are being used as a bank.

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