Starting your own roofing business is an exciting undertaking. In addition to being exciting, however, it can also be a long, laborious, and sometimes confusing process. Asking yourself these important questions can help you make sure starting your own roofing business is the right move to make.
Question 1: Do I Have the Right Qualities?
Many business owners have several qualities in common: a drive to succeed, excellent communication skills, and superior organization. Do you possess any of these qualities? Starting your own roofing business is a huge endeavour and it will certainly come with its fair share of challenges. Make sure that this is something you really want and are willing to work for.
Communication skills are vital to starting your own business. You will have to communicate with everyone from employees to customers to state agencies and more. Being able to keep your email in check, send documents on time, and provide companies and customers with the information they need is critical to the success of your business.
Organization is another quality that is essential to starting your own company. You will need to keep all of your important documents and information neat and be able to easily locate them, in addition to keeping your schedules and resources in order. If you find yourself lacking in any of these qualities, that does not mean you cannot start your own roofing business. There are plenty of resources available to help, you will just need to identify which you are in need of.
AccuLynx is particularly helpful software for roofing contractors, especially if you want to get your business started off with the technology that can help you grow. AccuLynx helps you easily manage your customer jobs all the way to the final invoice. It keeps all of your information organized and your business data accessible so you can see how you’re performing financially. So before starting your own roofing business, be sure to check out CRM or project management software for roofers that can help keep the business/financial aspects of your company in order.
Question 2: Have I Done My Research?
Another important question to ask yourself is “Have I done my research?” This is essential to helping your new roofing company run smoothly. Many entrepreneurs tend to rush through this process, thinking that they already know everything there is to know about roofing. However, this can be a fatal flaw to the success of your company. Quality research on how to run a business can help you avoid problems before you run into them and prevent you from making mistakes due to a lack of knowledge.
For example, do you know what the state requirements are regarding licensing and permits? The last thing you want to do is get started on a job and realize that you do not have the proper documents to carry on. You will have to waste time making the proper arrangements to get your permits and licenses, leaving your customer with an unprofessional opinion of your business. It is easy to avoid situations like this simply by doing some research ahead of time.
You will also want to look up different resources you can use to make your job easier. For example, QuickBooks, SmartDocs, and EagleView and SkyMeasure are all great resources available through AccuLynx that can help you work more efficiently and make the most out of each job. Look into how each of these software integrations can benefit your company. Making sure you have done your research on licensing, supplies, market trends, business costs, and technology can save you from disastrous situations, so make sure you take your time and do it right.
Question 3: Do I Have a Business Plan?
At this point, you have done a whole lot of planning and thinking without actually doing much tangible work. This can be frustrating, especially when all you want is to start making money. But before you get to work, you should establish a comprehensive business plan.
A business plan will help you ensure you can pay off the initial cost of starting your company, providing the structure needed to function properly. In your roofing company business plan, you’ll want to:
- Find out how much starting your own roofing business will cost and how long it will take to pay off that cost.
- Make a plan for paying off that initial investment and draw up a schedule to keep things organized and on track.
- Write down your plans to hold yourself accountable.
Other components of your business plan might include the market you plan on targeting, the services you intend on providing, and the structure of your business. You will also want to establish a relationship with a supplier, that way you know where you will be getting your materials and at what cost. After you have these important plans decided and written out, you can move on to the next step in building your own roofing company.
Once you have thought through these questions, you should be ready to tackle the more tangible aspects of starting a roofing business. You have ensured you have the right qualities you need to start a company, setting yourself up for success in the future. The information from your research will guide your next steps, telling you what permits and resources you will need to acquire. Finally, your business plan will give you a timeline and schedule to keep you on track. Now all you have to do is follow through with the plan you created and watch as your new roofing business begins to flourish.