by Jason Becker
Back in 2014 when I was just got into welding education, the position that I was hired fro was only part-time. The pay that i was receiving was drastically less than what I was making as a Union Ironworker.
A few months in, I was planning on quitting and going back to work with my Union. But there was one problem. I had a group of 14 students who relied on me to teach them how to weld, I couldn't in good conscience abandon them half way through the year. So I did the next best thing, I started a small business that I could operate after class and on Fridays-Sundays. But I encountered a small problem. I had no idea how to start a business.
So I decided to contact one of my college professors. He was a construction law attorney in the state of Florida. I told him what I wanted to do, and he got me on the right track. I hired him to generate my articles of organization and to consult me on the type of business I should set up. He advised me that as a small business, I should set up as an LLC Sub S Corp. This would protect me personally should the business incur any legal ramifications due to work performed. it also had the greatest tax benefits for my personal situation. After about 2 weeks, I was a legitimate business owner. I then purchased the state minimum Liability Insurance of 1 million dollars worth of coverage. I put out the word to a few friends and my attorney gave me a couple of leads on a few jobs that were within my capabilities. He knew a few contractors that needed things fabricated and repaired and they couldn't find any one qualified to do the work. This was right up my ally. I started out doing small repairs at various apartment complexes in the area. Word started to get around to other contractors and before I knew it I was busy as could be. I was making more money in just one weekend, than I was making at the school in a month. I ran this business for about 4 years picking up work when I needed extra cash and I was still able to work at the school which turned out to be a passion of mine. Teaching these young adults a skilled trade that I loved so much was so self-rewarding. The pay was horrible but with the small business on the side, I was able to flourish. Plus I could teach the students all about bidding a job, setting up a company, the ins and outs of small business. It was truly a great experience.
In the video above, I discuss the various tools and some of the legalities I had to handle in order to start my business. It is my hope that it inspires others to pursue their dreams of starting a business. I have since closed my business down as I am just too busy to take any side jobs at the moment. I still do some consultations and weld inspection stuff from time to time but only when my schedule permits. If you all have any questions about setting up a small business, drop a comment down below and I'll do my best to help you along your journey. Until next time Make Every Weld Better Than Your Last!