I have been doing construction Milwaukee for 22 years as a laborer, carpenter, tons of concrete work etc.. would like to start a company here to re-do communities, thanks for the video very informative.
Good day, Mike. It is so funny having grown up in business and being fully aware of the topics you just covered. I started my company a week ago (or at least decided to go in fully) and have ticked all these boxes, but hearing it from you somehow relaxed me and gave me a sense of assurance that i will be okay. Thank you. I am definitely subscribing.
thanks for the video. i am looking into starting a roofing company in California and then build it to a full on construction company which as i understand is called full GC licence. i am 19 about to be 20 currently in college for welding diploma.
Just came across this video, very helpful. Answered most of the questions i had before watching. Question: I currently have a father who has been doing construction for 28 years now. I want to start my own construction company and do my own thing. Is it possible if say for example i subcontract him and HE is the license HOLDER, would that work for now? to start off? or no? for (GC License).
Hi mate this video is 4 years old so not sure if you’ll still see this, but I am a projects manager and have been for some of the biggest company’s around the uk! Very confident in what I do and am now looking to make the step of my own company, I have a lot of labourers/fitters/supervisors around me that would happily join my team, would you recommend going straight in with what you said in this video or maybe just start by taking on jobs and just supplying labour for a start? And then build on it from there? Hoping you’ll see this 🙌
I have Construction and Call Center Company But I'm Not Getting Good Projects So How Can i Get It Please Help me i Tried my best But Still I Didn't Find
Insurance is really expensive anymore! We are flooring contractors but I have been trying to get my husband to move into general contracting because many customers complain they want a one stop shop for renovations. So this video is helpful
Been working with my dad since I was kid. Did my house remodel as a helper when I was 11 we remodeled the whole thing has to cut everything out and start all over that was an experience I’ll never forget. Now my dad says we should start a company but don’t know where to start
So I’m in Texas and from my research TX does not require a GC license. Does this mean I’m able to obtain permits/proper coverage from state under an LLC?
I’m self contractor and see the lack of company I’m ready be business owner I’m hungry for success I’m just lacking to and need help promise I will take off I want it bad and not buy cars or luxury but to leave a lil some for my kids so they won’t go thru I went
Thank you for the video!!! I’m looking to start a construction company for making set as a filmmaker!!! could I start a construction company without going to college for it!!!And working in the field
Hey i have some dilemma. About hiring workers. Should i get workers before i ever got a project? Or should i hire when i get a project. The thing is already having workers is i can mobilize instantly, but when i just hire when i get a project i may get pressured or some problems may occur because u dont know if you got workers to wòrk
@@themikeclaudio i see, thanks for your input sir Mike. But i have another question. When i do that, should i also stipulate it in the contract that mobilization or commencement will start in X number of days (say a week or two? To buy me time to get workers) upon signing the contract and paying the downpayment?
Appreciate your in-site on starting a business. I have been thinking about it for years but have been skeptical because of the amount of schooling and student loans I have. I believe in RI the total cost budget w/o registration number is lower which hinders the economy. I believe RI is less than 1k threshold. If any one from RI can give me insite that would be greatly appreciate. I don’t want to undersell/oversell myself. Any advisement would help with the confidence aspect.
Hey Mike! I wonder if you can guide me with your experience. I'm thinking to start a Project Manager company as a DBA so I avoid paying the extra LLC fees since I'm just starting. I would be managing construction projects but most of the projects at the moment will be in the range of $5k to $30k. Would it be okay to go with a DBA at the beginning? I have worked for a construction company as a PM for 5 years but I don't feel the necessity to get the GC license at the moment because of the small number of projects I'm currently getting (Doing this business as a side job). Thanks in advance for your reply!
Not sure but where I applied for my application i went with an s-Corp so my company gets taxed and I determine my salary and get taxed separate so if I only make 20k I get taxed on that but my company makes 500k I get taxed threw my company after all my expenses
From my understanding an llc only gets taxed once on the corporate level and an s corp gets taxed on the corporate level and personal level. However, I believe there are more things you can write off with an s corp and it is better for companies that's planning on going public. Other than that, I don't see any merit for a smaller company to go s corp. With that said, my cpa told me to go s corp for some reason. He wanted $250 per half hour for consulation and I just didn't have the funds to do so.
I'm starting my own business after 10 years in the trades at age 28. I have a good basis of knowledge in most phases of home remodel, I have charisma, but need to become a better salesman. Do you have any suggestions?
great video.sir please send me.best construction company email adress.because I have done DAE diploma associate engineering for civil engineering.so i want to work construction company.thank you.
I have been doing construction Milwaukee for 22 years as a laborer, carpenter, tons of concrete work etc.. would like to start a company here to re-do communities, thanks for the video very informative.
Its been 2 years brother hows it working out?
Damn Tom Segura really changed his life around, looking fit and speaking properly. Props man! 👍🏼
lmao , im 6 min in an didnt notice
He has the voice too
This is the best most straight up and non bullsh*t helpful video I’ve seen in the last 7 videos I’ve seen in tips for contractor business
Good day, Mike. It is so funny having grown up in business and being fully aware of the topics you just covered. I started my company a week ago (or at least decided to go in fully) and have ticked all these boxes, but hearing it from you somehow relaxed me and gave me a sense of assurance that i will be okay. Thank you. I am definitely subscribing.
18 year old contractor JUST GETTING STARTED IM Hungry.
How’s it going
I thought you need to be 22 to get your contractors license
thanks for the video. i am looking into starting a roofing company in California and then build it to a full on construction company which as i understand is called full GC licence. i am 19 about to be 20 currently in college for welding diploma.
joseph huntley hey man just saw this... hit me up mike@winrateconsulting.com would love to help
winrateevents.com/winrate-small-business-academy
good luck bro
Just came across this video, very helpful. Answered most of the questions i had before watching. Question: I currently have a father who has been doing construction for 28 years now. I want to start my own construction company and do my own thing. Is it possible if say for example i subcontract him and HE is the license HOLDER, would that work for now? to start off? or no? for (GC License).
winrateevents.com/winrate-small-business-academy
Hi mate this video is 4 years old so not sure if you’ll still see this, but I am a projects manager and have been for some of the biggest company’s around the uk! Very confident in what I do and am now looking to make the step of my own company, I have a lot of labourers/fitters/supervisors around me that would happily join my team, would you recommend going straight in with what you said in this video or maybe just start by taking on jobs and just supplying labour for a start? And then build on it from there? Hoping you’ll see this 🙌
background music is loud, unable to understand bec of this
I have Construction and Call Center Company But I'm Not Getting Good Projects So How Can i Get It Please Help me i Tried my best But Still I Didn't Find
Insurance is really expensive anymore! We are flooring contractors but I have been trying to get my husband to move into general contracting because many customers complain they want a one stop shop for renovations. So this video is helpful
Been working with my dad since I was kid. Did my house remodel as a helper when I was 11 we remodeled the whole thing has to cut everything out and start all over that was an experience I’ll never forget. Now my dad says we should start a company but don’t know where to start
winrateevents.com/winrate-small-business-academy
So I’m in Texas and from my research TX does not require a GC license. Does this mean I’m able to obtain permits/proper coverage from state under an LLC?
Short answer is yes. But there are variables and I am not an expert on that
Check with your locality, our city requires a License, but its just showing proof of insurance and bonding at minimal amounts.
Brian Lehman Contruction llc
I’m self contractor and see the lack of company I’m ready be business owner I’m hungry for success I’m just lacking to and need help promise I will take off I want it bad and not buy cars or luxury but to leave a lil some for my kids so they won’t go thru I went
Hello, I might start my on construction business. I might need the full GC license. What test am I supposed to take?
Thank you for the video!!! I’m looking to start a construction company for making set as a filmmaker!!! could I start a construction company without going to college for it!!!And working in the field
Hey i have some dilemma. About hiring workers. Should i get workers before i ever got a project? Or should i hire when i get a project. The thing is already having workers is i can mobilize instantly, but when i just hire when i get a project i may get pressured or some problems may occur because u dont know if you got workers to wòrk
Gotta get work first but I would have some conversations with potential employees so you have an idea who to call once the work starts rolling in
@@themikeclaudio i see, thanks for your input sir Mike. But i have another question. When i do that, should i also stipulate it in the contract that mobilization or commencement will start in X number of days (say a week or two? To buy me time to get workers) upon signing the contract and paying the downpayment?
But you had the answer aleady
winrateevents.com/winrate-small-business-academy
Appreciate your in-site on starting a business. I have been thinking about it for years but have been skeptical because of the amount of schooling and student loans I have.
I believe in RI the total cost budget w/o registration number is lower which hinders the economy.
I believe RI is less than 1k threshold.
If any one from RI can give me insite that would be greatly appreciate. I don’t want to undersell/oversell myself.
Any advisement would help with the confidence aspect.
Might you have an advisor you'd suggest in the dayton ohio area? I'm at a year on my own now and I need to get more organized
thanks for giving a few simple points without a bunch of extra bs. nice video.
I'm a subcontractor but I'm planning on getting my g.c
hii. buddy. you got gc?
bet lmao let's circumvent these blessings preemptively 1:11
I’m in Canada is this information valid? I need a coach hit me up
Hi brother.
I started contractor business started
incredible video thank you
Hi, I am thinking to start a construction business in Toronto or Vancouver. How do I contact you?
Hi there, how i can contact with you?
This video help answer a lot of questions I had thank you 🙏🏽
Excellent talk…
Very helpful !!!
Thank you very much
winrateevents.com/winrate-small-business-academy
Hey Mike! I wonder if you can guide me with your experience. I'm thinking to start a Project Manager company as a DBA so I avoid paying the extra LLC fees since I'm just starting. I would be managing construction projects but most of the projects at the moment will be in the range of $5k to $30k. Would it be okay to go with a DBA at the beginning? I have worked for a construction company as a PM for 5 years but I don't feel the necessity to get the GC license at the moment because of the small number of projects I'm currently getting (Doing this business as a side job). Thanks in advance for your reply!
winrateevents.com/winrate-small-business-academy
You’re amazing
i am planning a construstion company but outsourcing to 1099 contractors.
How is your business doing?
Excellent, very well explained!
winrateevents.com/winrate-small-business-academy
What course would I take for a full scale GC in Texas?
winrateevents.com/winrate-small-business-academy
Solid video. Salute from Australia! 👍
Barber did him dirty ..
Creep
@@jonathanperfecto4083don't be dumb, just watch the video. Actually don't, people shouldn't have to work under a boss if it's you.
@@wolfrig2000💀💀🤣🤣
😭😭u funny asl
So immature
U r acent tooo fast goes from m head
Great content, sending this over to a few clients
winrateevents.com/winrate-small-business-academy
HEY MIKE, I WOULD LIKE TO TAKE YOU UP ON YOUR OFFER. HELP ME HELP MY FAMILY.
Which offer is that?
Great video Mike!
This was very helpful to me, thank you 🙏
Sseruwagi Abdallah you are welcome
winrateevents.com/winrate-small-business-academy
🔥 🔥 🔥
New subscriber!!!
laura rodriguez appreciate you!!
Do you have a video about your job consulting?
We typically manage that with zoom calls to see how we can help. Let me know if you would like to set one up
… 🤘
"coverage from the state" - what does that mean?
Protection against litigation or liability
gold
Anyone know why an llc is recommended and not incorporated for construction?
Not sure but where I applied for my application i went with an s-Corp so my company gets taxed and I determine my salary and get taxed separate so if I only make 20k I get taxed on that but my company makes 500k I get taxed threw my company after all my expenses
llc is cheaper and faster to set up. Later on once youre established and making money you can incorporate.
From my understanding an llc only gets taxed once on the corporate level and an s corp gets taxed on the corporate level and personal level. However, I believe there are more things you can write off with an s corp and it is better for companies that's planning on going public. Other than that, I don't see any merit for a smaller company to go s corp.
With that said, my cpa told me to go s corp for some reason. He wanted $250 per half hour for consulation and I just didn't have the funds to do so.
Spending hours to do a proposal and having a big company come in and way under bid is the biggest problem for us.
winrateevents.com/winrate-small-business-academy
Great information 👌👍
winrateevents.com/winrate-small-business-academy
I'm starting my own business after 10 years in the trades at age 28. I have a good basis of knowledge in most phases of home remodel, I have charisma, but need to become a better salesman.
Do you have any suggestions?
***Outside of marketing
great video.sir please send me.best construction company email adress.because I have done DAE diploma associate engineering for civil engineering.so i want to work construction company.thank you.
Tapped out after Minute and the background music was still overpowering
Thanks for the information Mike this was very interesting.