Simple Steps to Starting Your Own Roofing Business
What is the initial investment required to start a roofing company? Although a small roofing company can initially be started from one’s own home, more space will be needed as the company becomes larger. Additional storage space has to be provided for household materials used with the roof installation. Additional overhead costs range from trucks for the transport of materials to a rental or purchasing an office, employing an administrative assistant and/or paying for electricity, Internet and other utility bills. Depending on the amount of work required, one can decide to keep these costs to a minimum or to increase overhead costs to cover all of the material costs.
The third step in starting your own roofing company is to contact your local association and inquire about the appropriate paperwork and licenses to obtain a business license. Next, make sure you have a contract with the homeowners regarding the price they are willing to pay for their roofing in case of a future disagreement. If at any time a customer decides that they want an immediate replacement of a faulty shingle, make sure you provide them with accurate information regarding when the new shingle can be installed. It is best to have a backup plan ready for such eventualities.
The fourth step in starting your own roofing company is to create a full business plan. A business plan will help you understand your financial obligations, including potential profit and loss estimates. It also includes a projection of your sales as well as advertising costs, which you must carefully evaluate to determine if it would be profitable to start such a business. When completing this step, you should also take into account possible legal ramifications as well as the success or failure of your business. Always get professional legal advice before making any major decisions about your small business plan.
The fifth step in starting your own roofing company is to create a comprehensive website. If you are going to offer a roofing service, you are going to need a website so that prospective clients can learn more about your company and the services you are offering. Having a website also helps you to market your company effectively, especially if you use pay per click advertising or internet advertising to attract potential clients.
The sixth step in starting your own roofing company is to develop a complete advertising and public relations plan. This plan should include everything from print ads to newspapers to magazines, as well as flyers and brochures designed to reach out to homeowners. You should develop a strong marketing plan that incorporates both traditional advertising techniques as well as newer methods such as social media advertising, search engine optimization, email marketing, and online classifieds. Make sure you research all of your potential advertising methods to make sure you are maximizing its effectiveness.
The seventh step in starting your own roofing company is to set up your own bank account. In order to get started with your own business, you will have to secure financing. The best way to do this is to use your home as collateral for a loan. However, if you do not have a home or equity to invest, you can also work with a financial institution. Once you have secured a loan to start your own roofing business, you should look for roofing software. Using roofing software will save you time and money and give you the tools you need to make sure your business runs smoothly.