Good Luck!
Good Luck!
cadishead said:
Contact IBEW in The City of Commerce (Los Angeles) They have a great contractor training program.
Maybe you should decide if you want to be union or non-union before taking this step. That should be part of your business plan. You should have some understanding as to what your start up costs might be. If you are thinking union, then one of your first questions to them should be, What are the costs to operate as a signatory contractor?
Personnally, I think that you are crazy if you try to do a $5 million project right out of the gate, unless you acquire an existing company with some extremely talented people and you won't know the talent level until you have seen them in action. That is a HUGE risk.
Do you have any idea how you would bank roll the first few months of a project that size? Not getting a check on that first pay application until you are 60 to 90 days into the project would be enough to capsize some of the best. Plus you will have a difficult time finding suppliers willing to give you a credit line large enough to handle a project like that.
Have you developed good working relationships with your equipment and material suppliers? That will be another item that you need to address in that business plan.
Good luck, my recommendation would be to foster those GC relationships and start smaller. You have to keep in mind, those great contacts doing the large projects are probably already working on that large project and won't be starting the next one (if you are lucky) for another 6 months or more, so where is your income going to come from for the first year, without them?