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Old 08-14-2008, 02:45 AM   #1
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any one here a gerneral contractor ?

i worked construction for about 11 years, painting high-end, million to multi-million dollar houses.

i quit 2 years ago because i was absolutely sick of it.

i feel it didnt pay enough... unless it was a side job i was doing after hours. (which paid about twice as much)

after being away from it for over 2 years, im wondering if i should go back to it. but this time as a contractor or even a general contractor.

i have a couple friends who would join me at the drop of a hat if the $$ was right. i also have a friend who is a realtor that would help us out with finding places.

is anyone here a contractor or a gerneral contractor??

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Old 08-14-2008, 06:28 AM   #2
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My dad has been a contractror (GC) for 30 years, off and on. Sometimes it is hard to make it through the gaps in business. You have to make sure that you are always looking for the next project. The best thing you can tell someone is "no, I can't get to that until next month". The best advice I ever got was from a real estate broker (stupid successful) "Act like you don't need the money, the more you say 'no', the more you are worth". Good luck getting into it.

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Old 08-14-2008, 08:55 AM   #3
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I was a Sub Contractor (electrical) for 10 years. It seemed as though I was constantly getting hammered on pricing. The Generals and Customers had the notion your bid was negotiable and Change Orders were treated the same. It was a constant battle that I grew weary of. I am now a General Contractor and work these issues to come out in favor of the Subs. They work too hard to get their money and I make sure they get theirs and we get ours.

I will never be a Sub again, to many headaches.
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Old 08-14-2008, 11:07 AM   #4
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I've done both, general and subcontracting.
I currently manage engineering subs. and I will tell you....
- Make sure your develop detailed scopes of work
- Get them in writing
- Get them signed
- Get changes re-signed
- Hold your subs to the fire when they screw up and reward them when they pull you through a jam.
- Hold regular project meetings and issue minutes and have them signed by all.
- DON'T MIX BUSINESS AND FRIENDSHIP>>>>>>>
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Old 08-14-2008, 02:28 PM   #5
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MOZ really hit this one on the head. I manage facilities for manufacturing firms. I have one GC that I use with a specific set of sub contractors. The jobs get done on time, at or below budget, and the work it top notch. Sure it may cost us a little more on a job or two because they know I am not putting everything out to bid, but conversely, when I need something done yesterday, it gets done and they don't take advantage on the pricing.

There are a lot of contractors out there (good and bad). A solid reputation for quality work and FAIR pricing will carry you a long way. If it was easy to get rich contracting everyone would be doing it!
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Old 08-14-2008, 11:23 PM   #6
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i just dont know if its worth the headaches. i know what my old boss would go through. but then again i look at the house he lives in compared to mine.

im leaning towards not doing it, but not ruling it out. i know there is good money to be made out there, but when its all said and done.... is it worth it?

i will sleep on it for a while, and talk it over with the lady

thanks for the info!
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2000 TJ
Dana 44 Front 60 Rear
Stroked 4.9L
TeraFlex - LCG Max Kit, SYE, 2-Low Kit, High Steer Kit w HD Tie Rod, Dual Rate S/T Sway Bar
Warn Winch
FAB Tech Front Bumper
Poison Spider - Fenders, Roll Cage
37x12.50x17 Pro Comp Mud on 17" Pro Comp Steels

Too much more to list....
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Old 08-15-2008, 12:13 AM   #7
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I did it for 10 years, loved it, but...sun-up to sun down...subs just out for a buck...punching the clock again...
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Old 08-15-2008, 05:15 AM   #8
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good luck! remember----
"you tahns"---cheap,cheap,cheap!!!!!!
'
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Old 08-15-2008, 07:07 AM   #9
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Quote:
Originally Posted by spanky View Post
i just dont know if its worth the headaches. i know what my old boss would go through. but then again i look at the house he lives in compared to mine.

im leaning towards not doing it, but not ruling it out. i know there is good money to be made out there, but when its all said and done.... is it worth it?

i will sleep on it for a while, and talk it over with the lady

thanks for the info!
I like to say: "We are all prostitutes to The Man." Weather you run your own business or work for someone else, we are all accountable to a customer or a manager so there's really not much difference in this respect. However, from a financial aspect it's much different.

Being in business for yourself has advantages and disadvantages. You will never know unless you have tried it. If you are motivated enough, have the right attitude and have enough leads to get started and are willing to put in the hard work and extra hours you will do it.

People that fail are usually the people who ae not committed to making it work or think the money will magically fill the bank account when they are on vacation. It's not about the phat house either...it's about financial independence and security.

Most people do not realize, next to voting, owning your own business is truly an American freedom. It's there for your taking if you want it...but you have to work hard to make it succeed and keep it going. Having some good luck never hurt either.

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