A great amount of dedication is required to start your own building maintenance business. Being unprepared is the worst thing you can do. This will delay company progression and damage its reputation. However, when you get it right, you will be on the path to a secure financial future.
Here, we look at the basic factors of starting a building maintenance business. We also suggest seven questions to ask yourself. We discuss why these factors are important and what to consider for future success.
1. What Are Your Aims and Ambitions?
Before doing anything, you need to lay out a plan which identifies what kind of business you want to create. Think about what services you want to offer customers. How will your business stand out from competitors?
To do this, make your goals achievable and establish yourself as a distinct service provider. Will you offer plumbing and heating or handyman services? Electrical maintenance? Water hygiene and treatment? Whichever niche you choose, make it clear what you intend to offer clients. You also need to consider whether you will cater to the industrial or the commercial sector.
Moreover, this is a good time to think about the name of your building maintenance business. Pick a catchy title that can be easily recognized by the industry you specialize in. Try to find a name which isn’t similar to other local companies. Also, make sure it is an available web domain.
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2. Do You Have the Required Licensing?
This is one of the most compulsory things to do when setting up your building maintenance business.
Almost every business needs some kind of license or permits from state officials. However, this depends on the type of business. Also, it matters where it is located, as well as the government rules that apply.
However, there are plenty of guides on the Internet. These will give in-depth details about business license policies near you. For example, consider this guide by Fundera.
3. Do You Have the Appropriate Insurance?
Even if your business is merely a thought at the moment, it is imperative to get the right insurance from the most suitable provider.
That’s because a day in the life of the business maintenance industry varies constantly. This means almost anything could happen. For example, one of your technicians might accidentally break a piece of furniture while out on a job. Or the could lose a client’s keys. No matter what, ensure you are protected with the right coverage.
4. How Many Employees Do You Intend to Have?
Depending on how many jobs a company wants to accept, the number of employees varies. Just keep in mind that hiring more workers increases revenue in the long run. That’s because you will be able to schedule multiple jobs at once. Also, it is worth thinking about whether you want to train employees or if you will require a certain amount of experience already.
5. How Will You Manage Your Job Workload?
Another vital factor to consider is what business operations you intend to use to control your workflow and workforce. Starting any kind of business is no easy feat. This is especially the case when you must do a vast amount of the work yourself.
This is why you should have an effective system in mind. Make sure you obtain a system which will handle business commodities such as invoices, jobs, assets, scheduling and reporting all in one place.
Image from Joblogic
Field management software is a popular choice for building maintenance firms. As a matter of fact, a large number of small businesses make field management software their number-one priority.
Joblogic is an example of a reliable software provider that integrates all facets of your business. This provider also offers their users the ability to integrate their workforce via a mobile app. This ensures that technicians are always connected to the back office, no matter where they are.
6. What Assets Do You Need?
Further, think about other assets your company will also need. These could range from vehicles to tools, tech gadgets to uniforms.
Also ensure you keep a detailed record of your purchases. This will maintain organization, always important, but especially when filing your taxes. Integrated computer software can be handy for keeping tabs on your spending.
7. How Will You Promote Your Building Maintenance Business?
You should have the notion of progressing your building maintenance business right from the start.
Set up an attractive website, establish yourself on social media, ask for reviews from customers, and advertise your company via ads in local newspapers and flyers. These are all effective marketing methods.
The most important thing to remember, however, is how you present yourself to customers. Having a great attitude is key to giving your building maintenance business a kick start.
Your answers to these questions will give you a better idea of how well prepared you are. And they will let you know about what you need to work on before you start your building maintenance business.