Become A General Contractor - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Becoming a general contractor requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell construction site oversighting, or selling construction site oversighting online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
Min Startup Costs | Max Startup Costs | |
---|---|---|
Employee & Freelancer Expenses |
$151 |
$252 |
Website Costs |
$223 |
$7,015 |
Business Formation Fees |
$600 |
$4,700 |
Vehicle Expenses |
$0 |
$10,000 |
Retail Business Expenses |
$1,250 |
$6,650 |
Advertising & Marketing Costs |
$75 |
$3,986 |
Software Expenses |
$162 |
$2,720 |
Office Space Expenses |
$0 |
$100 |
Specific Industry Expenses |
$0 |
$500 |
Total Startup Costs |
$2,461 |
$35,923 |
Case Studies
Successful Businesses
Business | URL | Rank | |
---|---|---|---|
Sweeten Blog |
sweeten.com |
245,909 |
|
General Contractor License Guide |
generalcontractorlicenseguide.com |
331,432 |
|
Contractor Training Center |
contractortrainingcenter.com |
360,440 |
|
Contractor Connection |
contractorconnection.com |
404,628 |
|
Hensel Phelps |
henselphelps.com |
461,072 |
|
FUJITSU GENERAL America, Inc. |
fujitsugeneral.com |
521,240 |
|
NC Licensing Board for General Contractors |
nclbgc.org |
566,684 |
|
General Contractors Magazine |
generalcontractors.org |
604,729 |
|
Nevada State Contractors Board |
nvcontractorsboard.com |
820,761 |
|
Brasfield & Gorrie |
brasfieldgorrie.com |
824,609 |
|
Contractors Liability |
contractorsliability.com |
899,362 |
Pros & Cons
Pros | Description |
---|---|
Little startup costs required |
The cost to start a general contractor costs significantly less money than most businesses, ranging anywhere from 62 to 35,923. |
Rewarding work |
Starting a general contractor can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
High customer retention rates |
Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
Pick & choose the clients you work with |
General Contractores have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients! |
Control of workload |
With becoming a general contractor, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you. |
Gain exposure and experience |
This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you! |
Cons | Description |
---|---|
Motivation of employees |
If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
Longer Sales Process |
A general contractor can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers. |
Work can be inconsistent |
As a general contractor, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have. |
Lack of benefits |
With a general contractor, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
Taxes |
As a general contractor, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
No safety net |
Typically, as a general contractor, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times. |
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings