Fear? Know-how? Confidence?
Of the 25,000 restoration companies in the US, 80% are mitigation-only businesses. Would it surprise you to learn that many of those want to become full-service?
But they don't do it because of nagging self-doubt.
Contractors are afraid. They feel they lack the necessary experience to succeed. They can't muster the personal courage to try.
They've heard the warnings and lousy experiences of others and believe their half-truths as reasons for not taking the plunge themselves.
Some of the half-truths that keep contractors out of this highly profitable service are:
- I don't have any construction experience.
The truth is:: If you are a competent manager, you can build the management process to succeed and subcontract all labor to professional tradespeople.
- I don't have a General Contractors license.
The truth is:: Most states don't require one. In only half, do you need a contractor's license at all, and many of those are merely Home Improvement licenses. There are several viable licensing options available too.
- The margins are too thin.
The truth is:: In the insurance market, you can make a 50% profit on any job if you know-how. There is NO other construction niche that produces profit margins this high. Any remodeler would go nuts to make this amount of profit on even a single job.
- I don't know what to do and where to start.
The truth is:: I know exactly what to do, how to do it, and in what order to do it to ensure your success. You can trust me to keep you safe. I've done this scores and scores and scores of times with others successfully.
- I could never handle the cash flow of floating rebuild projects.
The truth is:: You don't have to. You can get paid before the job ever starts. This is normal in our industry, yet sadly, many contractors haven't figured out how to get that payment.
- I don't know where to find subs.
The truth is: I know how to recruit, vet, and supervise a substantial subcontractor pool.
We could go on and on and on like this. The truth is … the objections just don't stand up to the reality of the opportunity. Every large restoration company is full-service. Those making the most money are full-service. Those companies that sell for the most are full-service. Owners personally making the most money are full-service.
You can be full-service too if you want to!
I have helped many startup companies and established restoration companies successfully add rebuild services. If they could do it, certainly you can too!
Don't let self-doubt rob your business of the single greatest moneymaker in our industry!
Take a look at the extraordinary results reported by others https://www.growmyrestorationbusiness.com/successes
What I have done for them, I can do for you!
CALL ME TODAY for a FREE 30-minute consultation to learn how coaching can help you grow your business. Call 800-655-1598 or email me at Jack@growmyrestorationbusiness.com to schedule a phone call.