Create a Business Plan
First and foremost, it’s time to build the blueprint of your newfound business. This means coming up with a catchy name for your brand that doesn’t already exist, estimating your startup and ongoing costs, determining the exact services your contractor business will provide (full-service offerings vs. a specialized scope of work), acquiring any necessary business and state licenses, laying out the structure of your team and nailing down who your key audience is—to start. While this part of the process sounds time consuming, be as thorough as possible. Remember, your company is only as strong as its foundation!