Friday, August 30, 2013

Utilizing other Contractors as a Business Source

Believe it or not other more established Handymen and Contractors are one of your best sources for new business. Established businesses that have been doing well for years normally have more than enough work to go around. If you can get in their good graces and prove yourself to be a valuable asset to their business they will never want to let you go.

One reason that you can be such a valuable resource to others in the industry is because as an independent business owner you are able to legitimately work for them without all the hassle and expense of workman's compensation insurance and payroll taxes. They will normally want to pay you as a 1099 Independent Contractor. Paying you like this allows them to write your earnings off on their taxes  and all business owners want as many tax breaks as possible. 

Some examples of leads to go after would be Painters who need dry-rot repaired, Plumbers who need drywall repaired after doing their work, and other Handymen like yourself who have too many jobs. They are all out there, I know from experience. 



If you don't know any other Handymen or Contractors you can get to know them through Networking Groups, Your Local Chamber of Commerce, Rotary Club, and other local meet up organizations. 

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