Applying the skills you’ve learned in the past to your current role is vital across many industries and job types, and owning a contracting business is no exception. Most contracting business owners are longtime contractors who have already spent time in the industry before starting their business, and drawing from your existing experience as you transition here is vital.
At Contractors School, we’re here to help contractors start a business, manage their existing business or maintain their licensure and education in a number of different ways. The concept of converting your past experience into the kinds of knowledge, leadership and business skills you need to succeed as a business owner can be a daunting task, but it’s one that we’re passionate about helping our students with. Here are some simple tips in this area.
Revisit Mentorship Notes and Concepts
Before even applying for a contractor licensing exam, you’ll have to work with a qualified mentor for at least a year, and often more. This is an important time to learn as much as possible from someone who has already been successful in the industry. As you start your contracting business, go back and review your mentor notes from this time. What lessons did they teach you that you can apply to your business?
For example, your mentor may have stressed the importance of always being on time and meeting deadlines. As a business owner, you’ll need to set these standards for your employees and hold them accountable. Likewise, if your mentor talked about the importance of maintaining a high level of quality in your workmanship, that’s something you’ll want to instill in your team as well.
Look for Other Opportunities to Expand Your Skillset
If you’re a journeyman contractor, chances are you’ve been in the business for a while and have picked up a variety of skills along the way. As you start your contracting business, look for ways to continue expanding your skillset. This could include taking on larger projects, working with new types of materials or taking on more challenging tasks.
For example, if you’re a roofing contractor, you may want to consider adding solar panel installation to your business. This is a growing industry and one that requires a different set of skills than traditional roofing. By expanding your skillset, you’ll be able to attract new clients and improve your business.
Learn From Past Mistakes
As you look back on your career, you’re bound to have made a few mistakes along the way. These mistakes can be invaluable lessons as you start your contracting business.
For example, if you’ve ever been late on a project or failed to meet a deadline, take note of what went wrong and how you can avoid making the same mistake in the future. Perhaps you didn’t have enough staff or underestimated the amount of time it would take to complete the project. By learning from your mistakes, you can ensure that your contracting business is successful.
We hope these tips help you as you transition from being a contractor to owning a contracting business. If you’re interested in learning more about starting or running a contracting business, or our continuing education programs, contact us at Contractors School today.
