Ready to kick off your construction biz in 2024? Join Martin & Khalil in this episode for some practical tips on starting your own construction business. They spill the beans on what works, what doesn't, and how to dodge the common pitfalls. Whether you're a construction pro or just dipping your toes, this episode’s got the lowdown to get your construction venture off the ground. Don't miss out – hit play!
Time Stamps
- 00:47 - Martin's Holiday Party
- 02:29 - Starting a New Construction Business in 2024
- 03:37 - Go Do a Job
- 05:11 - Build In Margin
- 05:52 - Pay Attention to What You're Doing
- 06:46 - Understanding Customer Needs and Asking for Feedback
- 07:50 - Define the Scope of the Project & Stick to It
- 08:31 - Pay Attention to What You Enjoy Doing
- 09:15 - Avoid Buying Things You Do Not Need
- 11:09 - Don't Take a Loan Out
- 11:52 - Secure a Deposit Before Getting Started
- 12:30 - Don't Take a Draw in the Job
- 13:57 - Don't Overpromise
- 14:22 - Track the Customer's Funds
- 15:22 - Final Thoughts and Advice for Aspiring Entrepreneurs
- 17:25 - Episode Outro
Quotable Moments from the Show
- "Go get a job. Go pour a patio. Go build a pergola. Go get it done. And then you start to understand where all the things that you hadn't really thought about rear their ugly head." - Martin Holland
- "Some things happen gradually. Don't try to speed through time and fast forward. Do it step by step." - Khalil Benalioulhaj
- "If you're gonna go do that job, charge more than you probably think initially." - Khalil Benalioulhaj
- "Don't wind up coming out the other end and not have learned anything." - Martin Holland
- "You don't add any value. You add cost. Your customer either determines there's value there or not." - Martin Holland
Ready to take your contracting business to the next level? Subscribe to The Cashflow Contractor today and get instant access to the FREE Ultimate Buyer's Guide for Contractors!
Take advantage of essential insights, tips, and strategies to boost your profits and streamline your operations. Subscribe now and download your exclusive guide to securing more clients and maximizing your earnings.
Resources
- Need Marketing Help? We Recommend Benali
- Need Help with podcast production? We recommend Demandcast
More from Martin
More from Khalil
More from The Cashflow Contractor
