Given that there are so many homeowners out there looking to renovate, there’s never been a better time to launch a business as a home contractor. If you’ve got experience and expertise in a particular trade, or in a whole range of them, then you stand an excellent chance of success in the field. Let’s take a look at some tips that will help you to get the best from your fledgeling contracting business.
Provide the best possible service
Your most potent and valuable marketing tool is the high esteem of your existing customers. Impress them, and they’ll recommend you to friends and family. Fail to impress them, and you won’t. For this reason, it’s essential that you take excellence seriously.
If you charge too much for your services, then you’ll find that your customers are repelled. Charge too little, and you won’t be able to make a profit – or even break even. If your prices fluctuate later on, then you might be perceived as flaky and unreliable. To avoid this, do your research ahead of time and know exactly how much you’re going to be charging.
Reduce your costs
You should be proactively looking to monitor your costs. Where possible, you should reduce them, too. You might do this by maintaining good relations with your suppliers, and attempting to secure a discount for loyalty. Identify the materials you need, and stick with them.
To keep costs low you should source plywood in higher quantities. Make sure that you have somewhere you can store it flat. It might be that you can get away with the thinner 12mm plywood rather than the standard 18mm stuff – especially if the wood in question is not going to be bearing loads.
While your contracting business is going to be a hands-on, physical one, you should still maintain a presence online. This will allow you to keep yourself visible to your would-be clients, respond to feedback, and directly promote your services to those who might need them. As time goes by, businesses that fail to maintain an online presence may find themselves increasingly left behind.
Hiring and Training Employees
To start with, your business might just involve one or two people. But as you expand, you might look to bring in hired help. The people you bring in will carry the reputation of your business, so it’s vital that you implement the right hiring process, and that you provide the right training. This means knowing exactly which questions to ask potential recruits, and what instruction is required to bring them up to standard. Don’t just do this off the cuff – figure out the stages in advance. That way, when you later to come to entrust the process to other people, you’ll have it ready to go.