Assuming that you are a novice and are starting small, there are three distinct stages that your renovation business may go through.

• Stage 1 - You do most of the work, but you hire contractors for big or technical jobs.
• Stage 2 - You function as a General Contractor and hire contractors to do most or all of the work.
• Stage 3 - You hire a General Contractor to do the entire project on your behalf.

We started in Stage 1 and lingered there for several years. There were several reasons for that. First, in the early years we didn't know much about...