Remodeling rarely fails from lack of work. It fails from cash: a deposit spent on the last job, an unwritten change order, a schedule paying the contractor last.
Module 1 of the Castells Media academy for contractors: Starting the business.
The licence, and the threshold that matters
The payment schedule is the business model
Change orders in writing, every time
Insurance and the paperwork nobody reads until it matters
Where the cash actually sits mid-job. Put your own numbers in for your last job. If the answer is positive at every stage, the schedule is fine. If it goes negative in the middle, that gap is what a single stalled job turns into a crisis.
Do this next: Take your last finished remodel and plot payments against costs by week. The lowest point on that line is what your business has to be able to survive.
Written by Castells Media, a marketing agency at 1298 Antelope Creek Drive, Roseville, California, working with home service businesses across the US.
Castells Media Inc, 1298 Antelope Creek Drive, Roseville, California