Available Courses

Turning Your Skills into a Trades Business

$1000

(Business Lesson #1 – Training courses are tax deductible for self-employed, so your net cost is less than $1k)
(Payment plans are available after clicking SELECT below.)

Plus purchase or rental of print or ebook textbook – Small Business Management: Creating a Sustainable Competitive Advantage Eighth Edition, by T. S. Hatten via:

Small Business Management

Starting Point - Technical Mastery of the Trade
  • Core Skills of the Trade
  • Apply Industry Safety Standards
  • Understand Materials, Tools, and Technology Updates
  • Perform Quality Control
Pre-Launch Issues
  • Is Entrepreneurship for You?
  • Traits of Successful Entrepreneurs
  • Turning your Trade Skills into Competitive Advantage
              Identify some of the opportunities available to small businesses
  • The Risk of Business Failure
              Name the most common causes of small business failure.
  • Pros and Cons of Self Employment   
              Enumerate the advantages and disadvantages of self-employment
  • Preparing Yourself for Starting Your Trade Business   
              Discuss the steps in preparing for small business ownership
  • Creativity and Innovation in Small Business
              Explain the role of innovation to small business
Skill Module #1 Planning Your Trade Business
  • Building Your Business Model – Lean Canvas
  • Testing the Feasibility of Your Trade Business
  • Determining Your Mission, Vision, and Values
  • Gaining Knowledge of Your Industry  
    How will I stay updated on industry trends and new technologies? (Continuing education, trade shows, associations.)
  • Building Strategic Partnerships
  • Step-by-Step Business Plan Contents
  • Building a minimal viable version (MVP) of my trade business
  • Making Your Pitch
    Skill Module #2 Launching Your Trade Business
    • Franchising Option for Your Trade Business
    • Buying an Existing Trade Business
    • Starting a New Trade Business
    Skill Module #3 Financing Your Trade Business
    • Determining Initial Capitalization
                Detailed equipment and tools
                startup costs? (Create a comprehensive budget for tools, vehicles, insurance, licenses, marketing, initial supplies, etc.)
               
      vehicle needed (Van, truck, specific shelving/racks?)
    • Debt Funding
    • Equity Funding
    • Bootstrapping Your Business
    • Small Business Accounting
    • Accounting Software
    • Financial Statements for Small Business
    • Analyzing Financial Statements with Ratio Analysis
    • Managing Cash Flow
    • Invoicing and Payments (Software, manual, payment gateways)
    • Funding your Startup (Savings, loan, grant, investors?)
    • Projected Monthly Expenses (Rent for shop if applicable, vehicle costs, insurance, marketing, supplies, utilities, etc.)
    • Projected Personal Income from the Business
    • Jobs and Revenue needed to Generate Monthly to Break Even
    • Managing your Business Finances and Track Income/Expenses (Accounting software, spreadsheet, bookkeeper.)
    • Strategy for Managing Cash Flow
    • Money set aside for Taxes
      Skill Module #4 Legal Issues for your Trade Business
      • Forming the Right Business Entity for Your Business  
                  sole proprietor, LLC, or another business structure
      • Protecting Your Intellectual Property
      • Insurance Needed (e.g., general liability, workers’ compensation, commercial auto, professional indemnity)
      • Sourcing Materials and Supplies (Identify suppliers, consider bulk discounts, establish accounts.)
      • Managing Schedules and Appointments? (Manual, software, online booking system?)
      • Depending on the trade, entrepreneurs must understand:
                  Licensing and certification requirements
                 
        Local building codes and inspections
                 
        Environmental rules
                  OSHA and safety standards
                  Consumer protection regulations
      • Specialized “Contractor Business” Training
                  Many states offer a required “contractor business law” or “contractor exam prep” course.
                 
        These typically teach:
                                Contract law
                                Bidding and estimating
                                Scheduling
                                Risk management
                                Construction/project documentation
                                Financial controls
      Skill Module #5 Marketing Your Trade Business
      • Marketing Strategies for Trade Businesses
      • Understanding Your Target Markets
      • Choosing Your Communication Mediums
      • Creating Your Marketing Message
      • Choosing and Building Your Location
      • Breakeven Analysis
      • Setting Price Strategy
      • Getting Paid
      • Creating Integrated Promotion Strategy
      • Reaching Potential Customers Find out about your Services (e.g., local SEO, Google My Business, social media, flyers, local advertising, word-of-mouth, referrals, local directories)
      • Pricing Strategy (Hourly rate, per project, by square foot, tiered pricing? How do I ensure profitability?)
      • Building trust and credibility with new clients (Testimonials, portfolio, clear communication, guarantees, professional appearance)
      • Building Brand Identity (Business name, logo, colors, professional uniform/vehicle branding.)
      • Generating Leads and Convert them into Paying Customers (Initial consultations, clear proposals, follow-up.)
      • Handling Customer Inquiries and Provide Estimates
      • Plan for Customer Follow-up and Repeat Business
                    Google Business Profile setup
                    Online reviews & reputation management
                    Residential vs commercial marketing
                    Referral systems
                    Create a simple trades business website
                    Write marketing copy for services offered
      Skill Module #6 Running Your Trade Business
      • Managing Your Trade Business
      • Creating a Growth Strategy
      • Leading Your Trade Business
      • Hiring the Right Employees
      • Compensating Employees
      • Employee Discipline and Termination
      • Operations Management for Your Trade Business
      • Scheduling Operations
      • Purchasing for Your Trade Business
      • Managing Inventory
      • Estimating, Pricing & Job Costing 
                    Estimate labor, materials, overhead, and profit
                    Develop competitive but profitable pricing
      • Topics
                    Material takeoffs
                    Labor rate calculation
                    Overhead allocation
                    Profit margin vs markup
                    Flat-rate vs time-and-materials pricing
      • Activities
                    Hands-on estimating project
                    RSMeans or Bluebeam demo
                    Create a bid for a small project
      • Business Operations & Workflow
                    Scheduling + dispatch
                    Work orders
                    Inventory, tools, and equipment purchasing
                    Jobsite workflow: start-to-finish
      • Activities
                    Build a standard operating procedure (SOP)
                    Fieldwork observation (shadow a local business)
      Resource Tools

      Special Licensing Requirements by Trade

      • Electricians
      • Plumbers
      • HVAC/Refrigeration
      • General Contractors
      • Carpentry Contractors
      • Roofing Contractors
      • Concrete & Masonry Contractors
      • Painting Contractors
      • Landscape ad Laun Care Business
      • Paving and Asphalt contractors
      • Welders and Metal Fabricators
      • Elevator, Escalator and Lift Technicians
      • Fire Safety and Alarm Installers
      • Low Voltage/Cabling/Security Systems
      • Pest Control Business
      • Restaurants and Food Service
      • Cosmetology Business
      • Healthcare Business
      • Custom for other Trades

      Specific trade-related and business regulations for each U.S. state

      • State Codes & Administrative Rules
      • Secretary of State & State Business/Commerce Departments
      • State Commerce / Economic Development
      • State Business Resource Portals
      • Small Business Administration (SBA)
      • Industry-Specific Regulatory Bodies
      • Uniform and Model Laws

      Learn More About the Courses

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