Im in the middle of my first commercial job for $32,000. I didnt realize how much money i was losing chasing residential jobs all day. I ended up with 3.5 million in projects and im in the middle of filling a position fof project manager and good subs so i can sit back profit and bid more jobs. Absolutely insane after 11 years of sub contracting since i was 20. I realized i was always a sub and never an actual company. This information is gold and it actually works. It took months to land the jobs. But im booked for year n half. Everything you said was true. Its so weird i happened into bidding jobs for builders because they liked my crews.
Awesome 👏 and I bet you’ll get repeat business from that client. If you’re interested, I can show you a strategy to build a system of repeat business. And in commercial, the contracts are usually bigger than residential. Let me know if you want to connect, and I’l show you a few things.
@idezi3395 That’s a great question. I went to architecture school and got my Bachelor in 2010. Then I got into construction. Learned at a drywall company how to professionally manage projects. Then eventually a Superintendent at a GC, then I got my own GC license. Then worked for a small drywall contractor and sort of revamped that company. Then eventually I AM Builders. That’s the long way. I laid out the path in my training program. In case you’re interested.
I’ve been in your program and been watching your videos from starting of this year. I’ve painting business which I started this year I scaled it into 10 guys crew nd got good revenue coming. As you always say go for commercial I’m doing that and We’re getting some big commercial jobs next year. Just wanted to say thanks to you for sharing all this information. I owe you some equity in my company 😂
Thank you. I needed to realize that my other skills, not my ability to finish concrete or walk in the painters' stilts, is what is key. PS - Gave up thinking I need a face man. I already have a pleasant and trust worthy face (lol).
This video was right on time as I am debating whether I should work on the submittal packet for site furnishings we are supplying or if I can train my VA to do it. I'm going put together a plan to get my VA to do it.
So the tactical part of hiring a VA or anyone else, you have to first figure out how to do it yourself so you can create a standard operating procedure or (SOP) and you have to create a simple to follow process, almost like a checklist so they don’t have to think.
Thanks for all the information my brother I’m currently a licensed journeyman electrician and I’m really interested in getting my GC license. I just founded your channel and watched almost all your videos lol. You have really motivated me thanks again 🫡
I always see videos like this about getting work, starting your company and everything, but one thing nobody talks about is buying material for your first commercial job and how to do it.. im an Unlimited Electrical Contractor in NC and im apprehensive about commercial because i don't know where to front 50K in materials from.
Simple. Don’t hire people. Outsource “pieces” of the project to 1099 independent contractors or Subcontractors. Less overhead, NO payroll taxes, you pay people when you need them NOT just to keep them. Much lower workers comp insurance. And you can keep a list of your Subs for use as-needed. Essentially you build your team per project.
@@iambuilders Well the thing is I am a commercial roofing contractor, the one piece I am having a super duper hard time is finding project managers that want to work per project. Crews I can find all day long, management is what I can't find. All the PMs want a stable year round job. What do you do in this situation?
Well, that’s different. Supervisors and project managers need to be in-house employees. What are you doing revenue wise? I often run into some of my clients and they’re technically “overstaffed” for the amount of revenue they are bringing in.
hi I'm 14 i have a question I've been study everything to do with contracting and sub-contracting is there any way to get you general contracting licenses earlier than 4 years
Hey congratulations on being so ambitious so young. All local requirements are different, but either way I would invest in working for a general contractor for a few years to actually learn the business. It’s kind of like asking if you could skip medical school to become a doctor. You kind of have to go through the experience and learn, which is the reason they make you do the 4 years. If you were already in construction and had many years under your belt, then that would be different. But for you, I would recommend you actually do go through the process.
I’m a foreman for Miami Dade county I’m thinking of branching out to open a construction business and get my gc license. How can I contact you for guidance?
Hey Joel! Congrats. I definitely recommend you do go on your own! The best way to work with me is by joining our 8-Figure Contractor program. You get all the training plus weekly coaching calls. You even have the option to have us to your leads and estimating as well. Here is a link to join with a free trial: iambuilders.com/8fc
You have to calculate your all-in cost for each job and then add a markup on top. So all labor, materials, supervision, equipment, etc. You then also have to figure out what your indirect costs are to add them on top. So take your annual office expenses divided by your annual revenue. So direct costs + indirect costs + profit. Typically overhead and profit for Subs is 30-40%, GCs it’s about 15%.
When you say AEC industry, you are either an architect, engineer, or construction. Three completely different disciplines. Which one are you wanting to get into?
Im in the middle of my first commercial job for $32,000. I didnt realize how much money i was losing chasing residential jobs all day. I ended up with 3.5 million in projects and im in the middle of filling a position fof project manager and good subs so i can sit back profit and bid more jobs. Absolutely insane after 11 years of sub contracting since i was 20. I realized i was always a sub and never an actual company. This information is gold and it actually works. It took months to land the jobs. But im booked for year n half. Everything you said was true. Its so weird i happened into bidding jobs for builders because they liked my crews.
Awesome 👏 and I bet you’ll get repeat business from that client. If you’re interested, I can show you a strategy to build a system of repeat business. And in commercial, the contracts are usually bigger than residential.
Let me know if you want to connect, and I’l show you a few things.
Hey man, if you don’t mind sharing, how’d you get started? What did your 20s look like?
@idezi3395 That’s a great question. I went to architecture school and got my Bachelor in 2010. Then I got into construction. Learned at a drywall company how to professionally manage projects. Then eventually a Superintendent at a GC, then I got my own GC license. Then worked for a small drywall contractor and sort of revamped that company. Then eventually I AM Builders. That’s the long way. I laid out the path in my training program. In case you’re interested.
This is probably the best video you've made.. step by step
I’ve been in your program and been watching your videos from starting of this year. I’ve painting business which I started this year I scaled it into 10 guys crew nd got good revenue coming. As you always say go for commercial I’m doing that and We’re getting some big commercial jobs next year. Just wanted to say thanks to you for sharing all this information. I owe you some equity in my company 😂
That’s awesome Joban! Congratulations!
I was 226. Thank you for the videos.
Thank you. I needed to realize that my other skills, not my ability to finish concrete or walk in the painters' stilts, is what is key. PS - Gave up thinking I need a face man. I already have a pleasant and trust worthy face (lol).
This video was right on time as I am debating whether I should work on the submittal packet for site furnishings we are supplying or if I can train my VA to do it. I'm going put together a plan to get my VA to do it.
So the tactical part of hiring a VA or anyone else, you have to first figure out how to do it yourself so you can create a standard operating procedure or (SOP) and you have to create a simple to follow process, almost like a checklist so they don’t have to think.
Thanks for all the information my brother I’m currently a licensed journeyman electrician and I’m really interested in getting my GC license. I just founded your channel and watched almost all your videos lol. You have really motivated me thanks again 🫡
Thanks! I’m glad I was able to motivate you! Let me know if you want my help I can guide you.
I always see videos like this about getting work, starting your company and everything, but one thing nobody talks about is buying material for your first commercial job and how to do it.. im an Unlimited Electrical Contractor in NC and im apprehensive about commercial because i don't know where to front 50K in materials from.
I do talk about financing. You should get terms with your supplier and pay your labor with a credit line. That way you don’t need your own money.
@@iambuilders I'm interested in an in depth video about this. Do you have one that you can link for me? It'd be much appreciated
How do you deal with the seasonal side of things? I hate hiring people only to lay them off during winter. I've been struggling with this.
Simple. Don’t hire people. Outsource “pieces” of the project to 1099 independent contractors or Subcontractors.
Less overhead, NO payroll taxes, you pay people when you need them NOT just to keep them. Much lower workers comp insurance.
And you can keep a list of your Subs for use as-needed. Essentially you build your team per project.
@@iambuilders Well the thing is I am a commercial roofing contractor, the one piece I am having a super duper hard time is finding project managers that want to work per project. Crews I can find all day long, management is what I can't find. All the PMs want a stable year round job. What do you do in this situation?
Well, that’s different. Supervisors and project managers need to be in-house employees. What are you doing revenue wise? I often run into some of my clients and they’re technically “overstaffed” for the amount of revenue they are bringing in.
Payroll is fix yearly cost… just post on that…
hi I'm 14 i have a question I've been study everything to do with contracting and sub-contracting is there any way to get you general contracting licenses earlier than 4 years
Hey congratulations on being so ambitious so young. All local requirements are different, but either way I would invest in working for a general contractor for a few years to actually learn the business. It’s kind of like asking if you could skip medical school to become a doctor. You kind of have to go through the experience and learn, which is the reason they make you do the 4 years.
If you were already in construction and had many years under your belt, then that would be different. But for you, I would recommend you actually do go through the process.
@@iambuilders thank you
you teach how to estimate drywall+ metal framing?
Yes I do inside my 8-Figure Contractor program.
I’m a foreman for Miami Dade county I’m thinking of branching out to open a construction business and get my gc license. How can I contact you for guidance?
Hey Joel! Congrats. I definitely recommend you do go on your own! The best way to work with me is by joining our 8-Figure Contractor program. You get all the training plus weekly coaching calls. You even have the option to have us to your leads and estimating as well. Here is a link to join with a free trial: iambuilders.com/8fc
@@iambuilders I need help passing the general contractor exam. Do you guys provide any classes for that ?
What’s up dude 👋🏽
👋 What’s up Johan
No way you can hire a good general superintendent for 100k.
I don’t know about how to charge and find a profitable margin and it kills me.
You have to calculate your all-in cost for each job and then add a markup on top. So all labor, materials, supervision, equipment, etc.
You then also have to figure out what your indirect costs are to add them on top. So take your annual office expenses divided by your annual revenue.
So direct costs + indirect costs + profit. Typically overhead and profit for Subs is 30-40%, GCs it’s about 15%.
What are some top books to read for becoming contractor or consultant as a new business person in aec industry..
When you say AEC industry, you are either an architect, engineer, or construction. Three completely different disciplines. Which one are you wanting to get into?
@@iambuilders Yes i am a mep hvac engineer at present trying to build massive success faster in corporate world ..
Yet he hasn't shared this 16 week program with us - Daniel hold him accountable
Let me see if he does it next week or the following!
You speak to fast, but is a good video and ideas 💡👍
You can always slow the video down a little bit on RUclips. Thanks for the compliment.