EP60: What I Would Do If I Started A Contracting Business Tomorrow

Building a business requires hard work and constant action. You can’t get massive results without massive action so listen to learn crucial steps to establish and grow your business!In this episode, we talk about…Activities to generate money:Write a letter to friends and family letting them know about your businessSend the letter by mail to the top 20 people on your list of friends and familyAsk them to hire you, refer potential clients to you, and ask for warm introductions to other referral sources for your industryAlways follow up on referrals receivedActivities to set up your business:Hire someone on Fiverr or similar sites to create a logo for your businessGet a Google Voice number to avoid giving out your personal numberCreate a Google My Business accountStart a Facebook page and InstagramAdvice for building your authority:Establish your social media accountsShare relevant content that brings value to clientsComment on other posts and pages similar to your businessEveryone should know what you do—Talk about your business so much that it annoys your friends and familyAdvice for expanding your network:Create a website for your businessJoin a BNI Group, Business Networking International, as soon as possibleTalk to 5 people a day, in person, about your businessEngage with people on free sites like Craigslist and Facebook about your workWhat to do when you start making money:Pay yourself the bare minimum and split the rest: 50% for marketing and 50% for business tools or softwareSet up your business bank accountSecure any insurance and licenses you need for your businessBecome a Lowe’s or Home Depot’s installation service providerWays you can work ON the business:Brainstorming on how you can generate more work or new products and servicesCreating systems and documenting your processes to know what it takes to grow your businessFind ways to improve your marketingCollect reviews for your business from every job you doRinse and repeat until you start making money and systematize your business!Links to Resources:Learn how to better manage pressure in the Profit Club – www.hammerandgrind.com/theprofitclubFacebook group - https://www.facebook.com/groups/thecontractorprofitgroupFacebook – https://www.facebook.com/hammerandgrindpodcastInstagram - https://www.instagram.com/hammerandgrindpodcast/Website – www.hammerandgrind.comHelp us get the word out to other contractors by leaving us a review or sharing our podcast! Hosted on Acast. See acast.com/privacy for more information.