If you’re an expert in the roofing industry, starting your own business might be an excellent choice. While this type of business doesn’t seem very demanding, there are quite a few challenges you may encounter.
Budget planning, safety issues, choosing the right products, pricing the services and advertising are all responsibilities that you’ll have to undertake. Don’t worry, though – we’re here to help. Take a look at this short guide to starting your own roofing business.
Choose What Type of Roofing to Work With
Your inventory will depend on the type of roofing you want to work with. If you’re a commercial roofer, you’ll need to stock all types of shingles, tiles, and metal. However, if you specialize in residential work, you might not need all those types – and you can cut your costs down.
Take Care of Safety Issues
When working on a roof, safety is paramount. It’s especially important that you wear protective clothing, goggles, and gloves. You’ll also need to have a safety harness so you don’t fall off the roof.
Choose the Right Products
Before starting a roofing business, you’ll need to decide what type of roofing products you’re going to offer. If you don’t have enough storage space, you might not want to offer shingles and tiles as they can be quite bulky. You might want to consider rubber roofing tiles like https://www.rubberroofingdirect.co.uk/ as they’re easy to install.
Set Your Prices
After deciding what kind of products you’re going to sell, it’s time to set the prices. In order to do that, you must take into account a number of factors, including the cost of the products, your overhead expenses, and the market prices within your area.
Decide on Your Marketing Strategy
Once you have the products and prices defined, it’s time to think about marketing. You can start by posting fliers at the local libraries, schools, and grocery stores. Creating a website so potential customers can easily find your business online is also recommended. In addition, try creating a social media page and networking with other roofing businesses – that way, you’ll be able to exchange information and increase your brand awareness.
Take Care of Licensing Requirements
Even though you might already have a license for roofing, you might need a business license too. Before starting your business, make sure you know what licenses and permits you need to obtain. For example, commercial roofers might need a business license, zoning permit or an electrical work permit.
Consider Hiring Employees
You can try working on your own for a while – and then hire employees later on to help you with daily tasks. When hiring, be sure to provide an employee handbook, set up a safe working environment with safety equipment. Before hiring employees, make sure you know what benefits they’ll need to have – such as health insurance and insurance against work-related injuries.
You can insure your business against damage in case things go wrong. Make sure your insurance covers both your equipment and the property of clients. Talk with several insurance providers – find out what each company offers so that you can choose the one that fits your business needs. Also check whether the insurance covers legal fees if someone sues you – and if it covers the cost of repairing any damages that might occur during work. You can also consider getting an umbrella policy – that way, you’ll be covered for any additional liability issues that might arise during the year.
Choose a Good Location
When choosing a location for your business, you should take into account several factors. First of all, the location should be close to clients – because this will save you time and money in terms of traveling. If you’re planning on selling products, you need to find a place where you can store them. Make sure it’s a safe place with proper fire exits. Check if there are any zoning laws that might ban you from operating a business in that area. Don’t forget about zoning and other types of permits – such as fire permits, business licenses, building permits, and so on. Make sure you have enough parking space for employees and customers who visit you for consultations.
Get Professional Help
There are so many things you have to take care of when starting a business – so don’t hesitate to get professional help. Accounting firms can help you find the best ways to cut costs and improve your profits. Accountants can also take care of your taxes, payroll taxes, and other financial obligations that come with running a business. Lawyers can help you understand the licensing requirements in your area – and what kind of insurance you need to set up a business.
Before choosing an accountant or a lawyer, take a look at their credentials and make sure they have good experience in working with small businesses. If you can’t afford to hire an expert, take a look at free resources such as the Small Business Administration (SBA) or the National Federation of Independent Business (NFIB).
Like any business, starting a roofing company requires you to understand the market and audience that you want to target. Taking these steps will help ensure that you cover all of the bases that you need in order to run your business as smoothly and efficiently as possible.