Decisions Decisions
Posted: Sat Apr 29, 2023 11:42 am
So..a relatively large contractor that works throughout the state (who I once worked for for a couple years) has moved to a more strictly CMGC role where they dont have self performed work anymore.
However, they want to start self performing work again...but with a twist. Essentially they want to absorb my company and make it a subsidiary of their company that would allow them to subcontract to me to perform self performed work on both commercial jobs and residential jobs (a market previously not really open to them, but where I already have connections and literally 3 or 4 years of work accumulated). They would handle the insurance, licensing, bonding, payroll etc.....I would be able to hire about 15-20 more guys and hire a couple superintendent types to run jobs. So my job would be basically to run and oversee that whole division of the parent company.
Im torn. I really enjoy the autonomy of my own deal, nobody to answer to but myself, no schedule that I cant adjust...no responsibilities except to myself, my employees and my clients. All the profit...but also all of the risk...
How much would that change....I dont know....
On the other hand, it would take a lot of the risk off my plate, and open up some financial backing that would allow me to stack multiple jobs at a time and expand into a market that appears to have plenty of work available. Ive turned down multiple jobs in the last few months that I have no time to pursue.
My guess, is I would make more money faster (I think if I stay on my current path I can make good money...just going to take some time to grow to that point efficiently)...but I would lose some of what I have worked so dang hard to build the last few years.
I dunno.....need more information on all of it...but I have no clue which way to play this.
However, they want to start self performing work again...but with a twist. Essentially they want to absorb my company and make it a subsidiary of their company that would allow them to subcontract to me to perform self performed work on both commercial jobs and residential jobs (a market previously not really open to them, but where I already have connections and literally 3 or 4 years of work accumulated). They would handle the insurance, licensing, bonding, payroll etc.....I would be able to hire about 15-20 more guys and hire a couple superintendent types to run jobs. So my job would be basically to run and oversee that whole division of the parent company.
Im torn. I really enjoy the autonomy of my own deal, nobody to answer to but myself, no schedule that I cant adjust...no responsibilities except to myself, my employees and my clients. All the profit...but also all of the risk...
How much would that change....I dont know....
On the other hand, it would take a lot of the risk off my plate, and open up some financial backing that would allow me to stack multiple jobs at a time and expand into a market that appears to have plenty of work available. Ive turned down multiple jobs in the last few months that I have no time to pursue.
My guess, is I would make more money faster (I think if I stay on my current path I can make good money...just going to take some time to grow to that point efficiently)...but I would lose some of what I have worked so dang hard to build the last few years.
I dunno.....need more information on all of it...but I have no clue which way to play this.