Business Plan Considerations for a Roofing Business
Owning and running a business is a dream that many people share. They love the possibility of being their own boss, working hard, sharing their profits with valued employees and passing their business on the next generation. One section of the economy that has a great deal to offer any possible business owner is that of the field of real estate. There are many forms of businesses related to real estate. One such area is that of creating new homes and maintaining them. Roofing is a special area of concern. Roofers construct roofs. They also fix existing roofs and put on new structures when the old ones are no longer working. Starting a roof business can be very lucrative. Before doing so, it’s important to create a good, working business plan. A effective roofing business plan will take many factors into account including materials costs, advertising, business insurance coverage to protect their assets, other expenses, and finding qualified employees.
The Local Consumer Market
One of the most important considerations for a roofing business plan are the local markets. The local housing markets can vary greatly. In some part of the country, the housing stock may consist mostly of apartment buildings. In other areas, it may be primarily townhouses and single family homes. A roofing company may want to spend much of their time targeting areas where roofing needs are likely to be those of homeowners rather than handled by an outside company. Working closely with an area with lots of small homeowners means having a ready made client base of homeowners. The business owner should also think about other forms of real estate. A company may also have experience with commercial roofing. In that case, speaking closely with local business owners can be of help in identifying other business owners who might benefit from the company’s expertise.
Finding Qualified Employees
Many people who start a roofing business do so because they have a background in the field of construction. Harnessing this background and starting a company of their own is a great way to use their talents. At the same time, the owner can’t do everything that needs to be done all the time. In that case, they will need to find qualified help. A business plan should include how many people to begin with initially and then how and when to expand. Many different backgrounds can be of help for any employer.
For example, someone with a general background in business can be of assistance with answering phones and general office skills. Employees with a background in construction can help with the actual roofing process. In that case, it’s best to examine their qualifications in greater detail. Checking references is a must. An employee might be asked to assist in the field temporarily with a few jobs and indicate a basic understanding of the roofing construction process. Appointing someone to supervise their work can be used. A supervisor can help with finding and vetting other potentially qualified employees to join the company.
Advertising to Consumers
All companies need to have an advertising budget. Advertising serves many purposes. It allows a company to let potential customers know they’re in the community. It also lets them know how they can help. Any business plan for a roofing company should provide a sum of money for advertising each week. Good markets for roofing company advertising are local newspapers, social media ads and direct marketing campaigns. The goal should be to target people in need of roofing services. Any ads should indicate the company’s years of experience and exactly how they can help with all roofing problems.