The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • All Blogs

Commercial Construction 101: Starting Your First Commercial Project

  • April 8, 2021
  • 166 views
  • 3 minute read
  • Meg Rivera
construction worker
Share
Tweet
Share

Making the transition from residential to commercial contracting can seem intimidating, but it doesn’t have to be!

Commercial Construction 101: Starting Your First Commercial Project

Once you are educated on how to get started, some of the key terms, and the dos and don’ts of constructing a commercial building, you will be well on your way to taking a leap into an exciting new facet of your career in construction.

Is Commercial Construction Right For Me?

You may be asking yourself: should I take the leap into commercial construction? What will I gain?

Let’s discuss some of the ways commercial construction differs from residential so you can decide if this transition is right for you.

  1. Commercial construction is more structured than residential. You have the potential for year-round work and a consistent flow of jobs that you wouldn’t be able to get in residential work.
  2. Commercial construction often has a bigger payout. While you have to work faster and smarter, there is a likelihood you will be paid accordingly.
  3. On the downside, there are more hoops to jump in commercial construction. You’ll have to deal with increased safety regulations, permits, insurance, and other requirements you don’t need for residential construction.

At the end of the day, it all comes down to individual preference. Residential and commercial contracting both have their advantages, and it’s up to you to decide what you’re looking for in a career.

I’m Interested. What’s Next?

First, you’ll need to become certified as a contractor if you aren’t already. You’ll need to obtain licenses and permits based on what state you live in, and an educational site like RocketCert can help you with the tools you need to become certified and take that next step.

If you think commercial contracting may be right for you, let’s discuss a few tips to help you get started.

Creating A Budget

Commercial buildings have the potential to cost more than your average residential building, which means you’ll need a bigger budget.

If you aren’t an excellent money manager, now would be a great time to take a class, as you will be responsible for handling building costs that could add up to $40 per square foot.

One of the biggest mistakes you can make as a contractor is mishandling the budget. Creating a budget for your project and sticking to it will be instrumental in your success.

Private Vs. Public Jobs

There are several different ways to find a commercial contracting job. You can get a private job, which is led by an individual who sets their own rules and requirements, or you can get a public job that is advertised publicly and usually government-led.

Anyone can view public jobs, but private jobs are usually obtained through networking and personal industry relationships.

Choosing A Location

Where are you going to build? Scouting a good location for your project should be one of your first considerations. Here are a few great questions to ask yourself when choosing a location:

  1. Am I allowed to build here? Have I verified the zoning for this area?
  2. Will the surrounding buildings and businesses benefit or suffer from my project?
  3. Can the sewer lines in this area handle my project? How about the water lines?
  4. Is the infrastructure here prepared to handle a commercial building?
  5. If there’s an emergency, how close is the nearest medical center? How about fire hydrants?

This is by no means a comprehensive list but it can give you a good starting point to start asking necessary questions about your commercial building location.

Finding The Right Projects

When you’re just starting out, stick to projects within your capabilities. While it can be tempting to put in a bid for an impressive commercial project, stick to jobs you know you can hit out of the park.

While you’ll eventually grow to a place where you can deliver on the bigger projects, start with jobs you know you can nail so you can create good working relationships and start to build your network.

Transitioning to commercial contracting doesn’t have to be a pain. If you’re intrigued by some of the information discussed above, this is just the tip of the iceberg! Get your license and learn more about this exciting career opportunity.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • Successful Projects: Which Project Methodologies and Management…
  • 8 Benefits of using SEO for a construction company
  • 6 Must-Know Tips For Starting Your Own Business
  • Guide to Starting an Ecommerce Business in 2021
  • 5 Deadly Mistakes to Avoid When Starting a Business
  • The Secret to Finding a Job or Starting a Business During a Recession
Share
Tweet
Share
Avatar
Meg Rivera

Previous Article
icons
  • All Blogs

Crucial Pieces of Software To Improve Your Business

  • April 7, 2021
  • Meg Rivera
View Post
Next Article
citylights
  • All Blogs

Smart City Technology: Goals, Trends & Development Pace In 2021

  • April 8, 2021
  • Meg Rivera
View Post
You May Also Like
Singapore
View Post
  • All Blogs
  • Entrepreneur Interviews

Necessary Documents for Company Registration in Singapore

  • April 15, 2021
  • Meg Rivera
payroll
View Post
  • All Blogs

Why Do Business Owners Need to Record Employee’s Payroll (and for How Long)?

  • April 9, 2021
  • Meg Rivera
woman typing on her computer
View Post
  • All Blogs

3 Ways to Reduce Health and Security Risks For Homeworkers

  • April 8, 2021
  • Meg Rivera
citylights
View Post
  • All Blogs

Smart City Technology: Goals, Trends & Development Pace In 2021

  • April 8, 2021
  • Meg Rivera
icons
View Post
  • All Blogs

Crucial Pieces of Software To Improve Your Business

  • April 7, 2021
  • Meg Rivera
man holding credit card and laptop
View Post
  • All Blogs

5 Tips for eCommerce Stores That Want to Wholesale

  • April 6, 2021
  • Meg Rivera
console
View Post
  • All Blogs

Video Game Industry: a Rapidly Growing Industry

  • April 6, 2021
  • Meg Rivera
Double your money
View Post
  • All Blogs

7 Brands to Invest in during 2021 and Why

  • April 6, 2021
  • Meg Rivera

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • SEO google 1
    SEO and How It Works: Guide for Beginners
    • April 15, 2021
  • Singapore 2
    Necessary Documents for Company Registration in Singapore
    • April 15, 2021
  • SEO construction 3
    8 Benefits of using SEO for a construction company
    • April 14, 2021
  • man doing stocks 4
    4 Online Stocks To Look Forward in 2021
    • April 13, 2021
  • freelancer 5
    10 Productivity Tips for Freelancers and Self-Employed
    • April 13, 2021
Featured Posts
  • How to Buy an Apartment Building
    How To Buy An Apartment Building And Make A Whopping 110% In Three Years
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2021
Categories
  • All Blogs (214)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (57)
  • Entrepreneur Interviews (11)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (21)
  • Financial and Investment Calculators and Economic Data (17)
  • Growing Profits (31)
  • Growing Revenues (75)
  • Growing Revenues (43)
  • Marketing (20)
  • Positive State of Mind (36)
  • Real Estate Investing (10)
  • Retirement (13)
  • Reviews (8)
  • Sales (11)
  • Sell Me This Pen (2)
  • Selling your Business (13)
  • Top Products (2)
  • Uncategorized (40)
Follow us
Author
Jeff Wiener
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Negotiation Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • SEO google
      SEO and How It Works: Guide for Beginners
      • April 15, 2021
    • SEO construction
      8 Benefits of using SEO for a construction company
      • April 14, 2021
    • man doing stocks
      4 Online Stocks To Look Forward in 2021
      • April 13, 2021
    • freelancer
      10 Productivity Tips for Freelancers and Self-Employed
      • April 13, 2021
    • linkedin logo
      Leveraging Linkedin for Real Estate Success
      • April 12, 2021
    • man typing
      10 Tasks to Outsource Immediately for Business Growth
      • April 7, 2021
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.