An Employer Identification Number (EIN) is a federal tax identification number used to identify a business entity. It is generally required for businesses. The Individual Taxpayer Identification Number (ITIN) is a unique identification number issued by the IRS for certain taxpayers who are required to file taxes but do not have an SSN (Social Security Number). ITIN is used to file a U.S. income tax return or submit information to the IRS, and cannot be used for anything else.
There are three ways to apply for an ITIN number: fill out Form W-7, apply for the IRS Individual Taxpayer Identification Number (ITIN), and submit it with the necessary documents. An ITIN does not give you the right to work.
Avena Contracting LLC is a commercial interior contractor with a combined century of knowledge in the commercial drywall construction business. Raucci’s Remodeling LLC is looking for more roofing jobs to fill their fall schedule. Dr. Nicole Avena, author of Sugarless, is celebrating her book birthday.
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📹 Contractor Lead Generation: How I Get Customers for My Construction Business
If you watch my stuff, you know that I’m not a huge fan of lead reselling middleman companies like HomeAdvisor and Angie’s List.
📹 19 Year-Old Starts a $125K/Year Construction Business
Are you wondering how to start a construction business—and how much you can make with it once you’re up and running?
I am 30, just hitting my 3rd year end in business, and what I can say is that communication and listening to a customer is #1. even if the job is small and you don’t necessarily need the job. Let the customer know each day or every second day what’s happening on the project and where your at. It will pay dividends. We increased revenue from 90k first year, to 190k this year.
It’s not easy starting your own business especially during covid. I started mine at 18 right out of high school( the excavation business as well) and 4 years later at 22 am still going strong. It’s not easy starting so young but it definitely teaches you life lessons that most adults will never learn and forces you to mature early. This young man will do just fine if he keeps a level head and grows smart. Best of luck to ya. I will be reaching out to him over ig to talk shop. It’s hard to find relatable ppl out there that own there own business. Nvm at a young age like us
Goes to show you don’t need decades of experience under your belt to start a business. My boss started a construction business as soon as completed his carpentry apprenticeship and is very successful. He told me he wasn’t an outstanding builder, but developing good business acumen is what made him successful.
I do not agree with keeping prices as low as possible in the beginning. I wouldn’t charge what you want to be making 2 years from now but your prices reflect onto the customers you attract. Low prices sometimes (not always) mean you get more cheap customers. I’m not sure about you but I like a customer that doesn’t care too much about the price as long as the job is done and looks/works good. Good work costs money, don’t sell yourself short.
Avanni, I just got a great inspiration from this article. As I am goin to attempt to start my own excavation business. Startin this spring. Very nervous about it. But am striving to do it and be successful. Your attitude outlook is the exact same as mine. If your not doin something u love and enjoy. Then it’s not for you. Do what u love and enjoy. I could use any tips I can get.
To the excellent team, first of all I would like to express my appreciation for your website and your amazing work, you learn from every article and see that the basis is similar in every business, your questions are precise and sharp, simply a pleasure to watch. I am from Israel and I have an insurance business, I would be happy if you would bring up business owners who provide services such as insurance agents, lawyers, accountants and the like. Thanks
I immediately paused the article after hearing: “Keep the prices as low as possible”. DO NOT DO THIS, you’ll be stuck with low pricing for your whole career. I’ve learned this the hard way and especially from my Dad who has over 30 years of experience in construction contractor projects. Pricing should be given by what you are worth not how much the job is willing to pay or how much can you go lower to beat other bidders.
Equipment is expensive. But as he said, profit margin is very high. I repair equipment for different companies. It really sucks that they are always telling me I’m charging too much as a mechanic but they’re charging over four times per hr what I do for regular jobs and if it’s a government contract it’s insane what they charge. Hrs don’t really matter. They quote the job. They see a driveway job and say $25k when the concrete was $4500 and took them 8 hrs to do the whole job. That’s why there’s a shortage in mechanics. Because people don’t respect mechanics and it’s a much harder job than running a bobcat. Everyone thinks it’s easy being a mechanic, till they try it and fail. I’m not talking about an oil changer or tire shop. It takes skill and yrs of hands-on to be a good mechanic. The reason people stop being workers and decide to be their own contractor is because they get tired of being what’s called a “hand.” That’s a worker. They get tired of being told what to do and see the boss sitting in his truck taking a nap. Being a contractor is also competitive. Most cities have a bidding process and a full list of contractors bidding the job. I’m not saying it’s easy being a contractor, but if they don’t have money, it’s because of their lifestyle, not because they don’t make any, unless they just suck.
13 things to quit for all Strong Minded People in 2022: 1. Caring about what others think 2. Not believing in yourself 3. Not experimenting different ideas / solutions for problems (life&business) 4. Not prioritizing your health 5. Wasting your precious time 6. Chasing meaningless relationships 7. Wasting or draining your energy from beating your meat 8. Wasting time by scrolling social media 9. Nailbiting/nailpicking habit for good (if you do it — consider stopping it as it makes you mentally weak + affects your confidence and all other areas of your life!) 10. perusal dirty websites 11. Drinking cocktails with alcohol 12. Gaming for hours and hours 13. Taking life too seriously:) Take it easy and I hope you found one thing helpful in this list.
My only real problem is the customers that 1) change goalposts, making change orders, that then delay the start of new projects for other customers, and the problematic customers that don’t pay in full, costing time and money to collect, which often never pays for collections, let alone the materials and work. How to say no and be happy if you need to fire a customer?
On track for success for sure . My advice would be to not be afraid of technology it can make work a lot easier. (CRM) to be exact to help out with communication with a client . Helped me out a lot for sure . I started with residential roofing now I mainly do commercial roofing . Keep it up Avanni .!!!
I like his integrity and motivation. The only I would change about his methods is his finances in his equipment (excavator). If your new to the construction business and money is tight, I would lease an excavator with reasonable miles in it and then buy it off after a few jobs. That way you’re not in debt right off the bat when buy it brand new and the jobs didn’t go well. But overall I enjoy this article and wish him the best.
Your not charging nearly enough hourly. It should be minimum 250 an hour and that’s if your a small one- 2 man company with very small overhead. The most important thing is not getting the job the most important thing is making money. You can tell your new and I really congratulate you for going for it. It’s very hard to increase your rates once you set them low. You really don’t want to be the contractor that is known for being cheap. Wish nothing but the best for you and really hope hope you look at your numbers carefully and really include every single cost. Fuel, maintenance, machine cost, what your time is worth. What your labor is worth. All that must be included. I would be shocked if your making 90k after all your equipment, fuel, maintenance, help, insurance/bonds advertising. etc is paid for.
Just discovered the website and I found it to be great content. This young man is sharpe, good for him! I’m a 36 yr old who started my own LLC two years ago. Susquehanna Window Treatments Ltd. We consult, sell and install custom window treatments both residential & commercial. Learning everyday! #newsub
Working in construction for 6 years before I started. If he’s 19. He started last year… makes him 18. 6 years ago he’d be 12. Who lets a 12 year old on a job site? Daddy? Who pays for this business… daddy. If he’s on $150 an hour. And only having a revenue of $110k. He’s working 7 days a month. Tax investigation right there buddy. Close ya mouth.
I really disagree with your bidding low in the beginning just to land the job. I’m assuming that you landing this job is not only lending a job but establishing a relationship the long-term one. I find that upping your costs dramatically out of nowhere is a really good way to terminate that relationship start out at a reasonable price fair market value. And know your worth.
Bravo young man! Keep going with your plan. I would advise you to only take work from land development, land management and home builders individual owners are a hassle that will eat up your time and argue every step of the way. Development teams have a goal and millions upon millions of dollars at steak if they don’t meet that goal. If you do good work they will pay you whatever you ask and not nitpick the details.
it must be horrible living without the ability to operate basic machinery, use tools, or build anything with ur own hands. city folks really are just basic cash cows for all the morally corrupt contractors. if some dude pulls up in a brand new pickup to do yard work.. just remember ur the one paying for the truck, not him. lmao
Don’t let this article fool you… there’s a lot of things in this article that aren’t shown and elaborated…it’s not that easy to just pick up jobs like he is and actually have customers that are willing to pay you 150-200$ an hour. There’s always someone who will do it for cheaper and customers are always looking to save money especially in today’s world.. picking up jobs by “word of mouth” is not that easy and will take years to get the ball rolling.. with that being said great motivational article and props to this kid for doing it.. it is possible but nothing is as easy as it looks…..
I loved the article. It’s awesome to see people succeed in business. My question is the numbers in the article. He said his business monthly expenses was $2,000. His payment was $1,600 alone on the excavator. He was asked if $4,000 would make him 2 grand. Nope. Those numbers don’t work. Pulling that machine around and running it on a jobsite cost at least $1,000 a month. I’m not saying this guy doesn’t make money. I’m saying the numbers are not realistic.
Great article! We ordered our dump trailer and it was ready for pickup the week everything went on shutdown in 2020. We just went full time with our company in May of 2021. I’m glad to hear we are taking a lot of the same approaches as discussed in the article. Perhaps we need to focus more on the face to face word of mouth advertising though. Look forward to continuing to follow Avanni’s success.
I’m 14 and live working outside I’d like to start a property maintenance business what’s reasonable is 10,000 reasonable? I’ve found a used ford 1220 tiny tractor for $6500 a trailer for $1000 and a dump trailer for $2000 my parents agreed to tow my trailers and bring me to my jobs I agreed to pay for the gas and they’re labor I’m mechanically inclined so if repairs need to be done I’m capable is it worth it will I make my 10k back in the year my parents are going to finance my stuff for me I don’t want to go broke I’m not going to make it a legit “business” but I’m doing jobs until I’m older and will pay taxes etc I’m not doing giant jobs more like culverts driveway grading garden tiling brush removal small tree removal etc is it worth it or am I too young?
Word of mouth works 110%, i painted several hundred houses for renovation company before opening my painting/handyman business in southern oregon and also coming from ideas i had when covid happened. Having clients you are able to gain a longterm work relationship with definitely gets you more work by word of mouth and builds your confidence in bidding and overall seeing how you should bid and overall see a growth in the company. A big selling factor is standing behind your work as well and use quality materials/tools on your jobs, they dont have to be top dog expensive or anything but having good tools or good materials (lifetime warranty paint, non cracking caulking, high quality tile or thinset/backing board) anything thats not only a better product but fits together better quality overall will allow you to stand behind taking the necessary steps and prep in your work to have jobs you stand behind on quality and longevity. I typically try to buy a tool every couple jobs as well and it sure comes in way handy when you need it let me tell you what! Also 110% agree take few days off and recoupe as well or you will be up stressing late a lot. Some nights been like “oh shoot i was suppose to ask homeowner if they wanted this or that done” but its 11pm so you cant call them but your up stressing thinking of all the ways you’ll get the job done hahaha it happens, take the weekend off we’ll see you monday 🤘🏼😆
Upflip sugar coats this to look like people are making a lot of money when they aren’t Don’t take these articles seriously, they posted one of a woman awhile back who was selling sheds they claimed she was making over $500,000 a year but if you pay attention that was her sales gross she actually made 10% or about 50000$a year and paid her husband and sons to deliver and set up the sheds out of that so she wasn’t making any money at all they also posted one about a 19 year old kid who allegedly built a million dollar trucking company I didn’t belive any of that one
Some really bad advice in here. Never bid low, especially if you are using all of your skills to get it done. Bid high. Loose a lot of bids. This will help you play it safe and not loose your shirt. Nothing is worse than missing your estimate and not having the resources to finish. I have had jobs where I worked for free for 3 months, 7 days a week. Don’t make that mistake. 1 profitable job is worth 1,000 unprofitable jobs.
Yeah he said new is the way to go but realistically if you don’t have a cosigner which he obviously does because they don’t give out 0% financing to new businesses do you have to put up your personal credit so I started my business with use the machines and I still run them you just need to learn how to fix them. Took me till I was 28 to be able to afford to start my own business where I had my own equipment. Kid knows some stuff and he’s doing good I just don’t like the fact that he’s claiming he started a business at 19 on his own he may be on the LLC as the owner but somebody just got their name on this thing to because I couldn’t get a loan for my business until it was at least two years old and I had two years of taxes
I just started a Home improvement company 2 months ago but I have been in Home Improvement sales for almost 18 years before taking the plunge. He needs to learn and improve his sales skills but he is doing good so far. My sales skills helps me to grow my business quickly and also you have to love what you’re doing. I practically works 7 days a week as long as I have a client in front of me.
Hi want to believe this article content but don’t. I been in construction working…actually working!! since 10 years old…yah maybe. I dont have any employees but i made tee shirt that i give the employees…uhm you said you don’t have any employees…he knows he can get a general operating engineer license but seemed like he didnt have it. Please!! I could tell you without a though have a hydraulics license.