Lots of careers are risky—and frankly, no career is risk-free. But when it comes to a business that can fail seemingly at the tip of a hat, for any number of reasons, real estate contracting sits at the top of many people’s list. Indeed, being a contractor is one of the riskiest careers around.
Contracting business failures come in all shapes, sizes and varieties. Some of the reasons behind such failures are obvious; others are less obvious, fester and grow over time, and only reveal themselves once it’s too late. Our professionals have seen large contracting firms fail, and we’ve seen small firms go by the wayside as well.