If you’ve seen those home renovation shows and thought, “I want to do that,” you might be a prime candidate for becoming a licensed contractor. The construction industry is one of the fastest-growing job sectors, with virtually endless opportunities for those looking to start a business in the flourishing construction industry. However, being a successful contractor is easier said than done. There are countless skills you need to possess if you want long-term success. Continue reading below to learn whether becoming a contractor is the right career move.
What Is a General Contractor?
General contractors are responsible for overseeing and working on construction projects. They are the go-to project manager helping to bring on plumbers, electricians, construction workers, carpenters, and more to complete a project. An individual can work in numerous trades with the proper training to land a role as the GC. There isn’t one path to pursuing this high-earning position. Besides working on projects, general contractors are also in charge of budgeting, creating work schedules, and hiring subcontractors to complete a job. As a result, a general contractor needs to understand the construction industry thoroughly to ensure success. You’ll need to get a contractor’s license if you want to work on lucrative projects, although the requirements vary depending on where you live. For example, let’s say you want to become a contractor in South Carolina. If you search “general contractor license SC,” you’ll see all the requirements you need to meet to get certified. Almost all states require applicants to pass an exam, register a business, and obtain insurance to start a contracting business.
How Long Is the Licensing Process?
The length it takes to become a licensed contractor depends on your approach and current education. However, the average time is between 3 to 5 years. Most people use construction experience from their previous jobs or pursue internships to accelerate the process. Although it takes some time to become licensed, you can quickly get hands-on experience. You can start by searching for apprenticeships to acquire on-site training while you work on passing your exam.
What Are the Employment Prospects?
The construction industry has an average growth of 3.7% in the US, meaning it’s an excellent time to start a business. Furthermore, the demand for contractors is exceptionally high in both small towns and large cities. Once you learn basic skills and get licensed, you can pursue management positions or start your own contracting company. The more training and qualifications you receive will increase your earning potential and job opportunities. Learning specialized trades, such as carpentry or plumbing, will help you secure better employment options.
Final Thoughts
Starting a career as a contractor can be an excellent choice for those who have the qualifications and a natural love for building. If you start your own business, you’ll have flexible work hours, higher income potential, and the ability to make a more significant impact on your community. That said, it takes a lot of work and dedication to succeed in the industry. Remember to weigh out all the factors and challenges before making your decision.