Wondering How to Grow a Contractor Business? Check These Tips Out

In the United States, a distinction is drawn between employees and independent contractors. Employees of businesses have less freedom. Independent contractors have more freedom, though they are afforded fewer protections that employees are provided by federal and state law.

One way to understand the difference is that contractors are generally just asked to provide customers with a fit-to-specification finished product, whereas employees must create that product by following the specific steps their bosses outline. Being a contractor is great, but growing these businesses is sometimes difficult.

Get Licensed, Insured, and Bonded as Soon as Possible

Are you thinking, “How can I grow my contractor business?” A solid, affordable, and quick way to do this is to get licensed, insured, and bonded — ASAP. Every state provides licensure to many different kinds of businesses and individuals. Google if there are any licenses your business needs in your state. Insure your business’s operations right now, too. And if you have any workers under you, bond them.

Get with Industry Associations

Electrical workers often join the International Bureau of Electrical Workers, for example, to improve how well they do in business. Find any and all industry associations in your field of business, join them and get involved by any means possible. There are tons of benefits that result from joining these groups.

See About Working for the Government

Mowing companies, for example, often apply for contracts with local and state governments to maintain highways and roads. These jobs often pay pretty well. Look into working for the government by searching for governments’ requests for bids and any grant opportunities you could qualify for.

Grow Your Contractor Business Today!

You can find our official Grandy & Associates field offices in Green Bay, Wisconsin and Owensboro, Kentucky. If you’re thinking, “I’d like to grow my contractor business, but am just shopping around for potential help,” we can help. Visit our website and see what we can do for you!

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