The five steps a contractor must take before going into business include arranging financing, buying equipment, hiring supervisory and nonproductive help, and which two missing steps?

The five steps a contractor must take before going into business include arranging financing, buying equipment, hiring supervisory and nonproductive help, and which two missing steps?

• A. obtain licenses / obtain insurance
• B. obtain jobs / obtain an adequate supply of skilled labor
• C. arrange financing / buy equipment
• D. obtain permits / hire inspectors

Answer: (B)

The thing being tested is what a contractor needs to line up to start operating: customers who will provide work and a dependable pool of skilled workers to do the jobs. After arranging financing, buying equipment, and hiring supervisory and nonproductive help, you’re left with three essential needs: work to perform and the skilled people to perform it. Securing jobs gives the business a revenue ceiling and justifies the investment in gear and staff, while ensuring an adequate supply of skilled labor guarantees you can complete the work to expected standards and schedules. Without jobs, there’s no workflow to pursue; without skilled labor, the work can’t be completed properly, no matter how good your plans are. The other options mix in regulatory items or duplicate steps that aren’t the two remaining pre-start needs in this sequence.

The thing being tested is what a contractor needs to line up to start operating: customers who will provide work and a dependable pool of skilled workers to do the jobs. After arranging financing, buying equipment, and hiring supervisory and nonproductive help, you’re left with three essential needs: work to perform and the skilled people to perform it. Securing jobs gives the business a revenue ceiling and justifies the investment in gear and staff, while ensuring an adequate supply of skilled labor guarantees you can complete the work to expected standards and schedules. Without jobs, there’s no workflow to pursue; without skilled labor, the work can’t be completed properly, no matter how good your plans are. The other options mix in regulatory items or duplicate steps that aren’t the two remaining pre-start needs in this sequence.