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#179146 - 06/27/08 09:41 PM An Opportunity Or Not  
codewar  Offline
New Member
Joined: Feb 2008
Posts: 4
new jersey
Would Like Your Comments On an opportunity.
I own and run my own Business, recently I was approach by a general contractor that does a lot of business with prevailing wage jobs,He does a lot of Business from what I gather by asking other contractors. He ask me if I would be interested on becoming part of his company. He has offered me a couple of options, be the guy to run his electrical division or be a job forman with all the bennies and top wages. I need your opinions if you or anybody you know has this kind of relationship. Besides my vacation,bennies,top wages what else should I negotiate for?
I would appreciate any opinions and suggestions.
Thank You


Business, Office, Estimating, Legal:

#179149 - 06/27/08 10:44 PM Re: An Opportunity Or Not [Re: codewar]  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
The first stop should be your local licensing board .... after all, who is going to hold the electrical license?


#179150 - 06/28/08 12:59 AM Re: An Opportunity Or Not [Re: renosteinke]  
leland  Offline
Member
Joined: Aug 2007
Posts: 853
Lowell area, Ma. USA
What is your experience?
What are your qualifications?
Who is this "guy" ?
What is it worth to you?
How long will the "relationship" last?
What is your "stake" (IE; Responsibility when things go arye (badly))?
At first glance: I'm no businessman !!! But I "aint stupid" either.

Cover your a** before you make a decision.
Consult an attorney. (ya they cost, But I have found.....
Worth every penny !!!! (but I over charge, go figure...)


#179157 - 06/28/08 12:05 PM Re: An Opportunity Or Not [Re: leland]  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
To put things in perspective ...

I am also a small operation. There are a few -very few- general contractors that I work WITH ... not work FOR.

My value to them is that things work when I'm done. Their value to me is regular work and reliable payment.

However, I am careful to not depend on them for too much. You really don't want all your eggs in one basket. I've had to part ways with one GC who was otherwise excellent, simply because he felt that I was but another of his employees, and sought to micro-manage my business.


#179177 - 06/29/08 04:00 PM Re: An Opportunity Or Not [Re: renosteinke]  
wire_twister  Offline
Member
Joined: Jul 2007
Posts: 265
Georgia USA
What ever you do consult a lawyer before signing any thing. Had a GC around here who would approach subs with a very similar offer, then he would ask them to sign a "no compete" clause, if things do not work out your business can not be re started in the same area. Your guy may or may not be like this, but I second the advice: cover your A**


Jimmy

Life is tough, Life is tougher when you are stupid

#179227 - 07/02/08 08:54 AM Re: An Opportunity Or Not [Re: wire_twister]  
Zapped  Offline
Member
Joined: Oct 2002
Posts: 482
Huntington Beach, CA, USA
Codewar, we all are willing to help you, we just need more info before any of us can.

What's in it for this "guy"? What is the advantage to hiring you as opposed to bringing you in as a sub?

What is this guys reputation? Does he pay his guys on time, and no matter what?

How many other people have taken this "offer"? Anybody you know? How long have these other guys been with him?

The first thing I would do is google his name and see what comes up, then I would investigate a lot further. Maybe show up at one of his jobs and strike up a conversation with a couple of the other employees when he's not around. Do they get their checks on time? Have they gotten what they were promised in a timely manner? Etc, etc, etc.

If there is that much money in it, there's no shame in taking the time to investigate and find out what is really going on.

Good Luck!



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