If you are someone who is planning to start your own contracting business, there are a few items that can make your life a lot easier from the very start. From tracking your expenses and profits to managing the daily activities that you plan to make a living at, these items are vital to your growth. You can add specialty tools later on as you need them, but for now, start with the basics.
There is some very easy to use financial software out there for small business owners. It allows you to track everything and keep on top of your expenses, just by plugging in the right numbers. Some of it even transfers over to tax programs so that when you are ready to file, most of the work is already done for you. You can even start with a free program or ask our bank what they have available for your use.
Every contractor is going to need some general hand tools. You may even need some specialty tools if you plan to focus on one area. To create your basic contractor pack that you will have the potential to use on every job, make sure you have a generator, portable air compressor, and some basic power and hand tools. Once you have these items, you can start adding your specialty items so that you don't just have a circular saw with a diamond blade when you want to cut tile, but an actual wet saw to do the job right.
Safety Equipment and Insurance
If you have employees, look into workman's compensation insurance as well as liability insurance. This prevents any financial loss for the company if the employee gets hurt while on job or there is any property damage. On top of that, make sure you always have and use the proper safety equipment so you can keep your rates down. Think in terms of safety glasses, gloves, harnesses, and other supplies that fit the kind of jobs you are doing.
It's never easy to start your own business. Sometimes, it even goes in directions you had not planned on it going. With the right start-up supplies, you'll be able to easily change directions and meet the demands of the clients you serve with no problem. As you get bigger, you can always invest in more expensive, specialize equipment to help you get the job done.
For help with choosing the right tools, contact a company like CL Presser Company.