Starting a reputable roofing company often involves more than just knowing how to repair, install, or replace residential roofs. An established roofing company requires patience, hardworking people skills, knowledge, perseverance, and many other interpersonal qualities. In this introductory article, we go through all the nitty-gritty of starting a roofing company. We’ll examine what kind of equipment to use, the kinds of licenses a contractor should hold, what to charge for services, and more. After reading this introduction, you’ll be ready to begin researching the different choices you have when choosing a roofing contractor.
the traditional hammer drill and screwdriver
In terms of equipment, there are essentially two types to choose from: the traditional hammer drill and screwdriver, as well as newer technologies like solar power and infrared light. A standard hammer drill is still preferable for most jobs, but if you’re going to be contracting with a roofing company to work on commercial buildings or a variety of bigger projects, then a cable-driven or cordless drill is your best option. For home jobs, a cordless drill is usually all that’s needed. If you plan on setting up a roofing company in a garage or basement, then you won’t need advanced tools like teleoperated drills but you’ll still need basic equipment like a screwdriver and some gloves. Keep in mind that a big disadvantage of setting up a roofing company without any professional training is that you’ll have to buy the required supplies (hammer, drill, gloves, etc) from the company you’re starting up.
general liability insurance and professional flood insurance
In terms of licenses and insurance, it’s not difficult to find the appropriate paperwork. Most states require roofing companies to have general liability insurance and professional flood insurance, and most cities also require some sort of licensing. In terms of taxes, a commercial roofing company probably won’t be a good candidate for an SBA loan, because its primary business will most likely be selling roofing materials. As an alternative, contact several local roofing companies and ask them what type of financing they would recommend. While many will say that an SBA loan isn’t necessary, others have been known to give this kind of loan to new businesses.
ask for references or check the Better Business Bureau (BBB)
Be careful about hiring a company with a poor safety record. While there are dozens of companies that specialize in roofing repairs and roofing products, not all of them are responsible ones. Before you sign a contract with any roofing company, ask for references or check the Better Business Bureau (BBB). You may also want to talk to friends or neighbors who may have recently worked with potential roofing companies to see if their experiences were positive.
prepare a business plan
Once you’ve found one or several roofing companies that seem promising, you’ll need to prepare a business plan. Even if you don’t feel comfortable writing a business plan on your own, you can purchase a template for a roofing business plan online. If you choose to purchase a template, make sure that it includes everything you’ll need, such as liability and financial information. You should also include a financial projection and marketing plan.
set up goals
If you’re not already using business management software, you should definitely invest in this program. It’s a great way to manage your finances, control your contacts, and set up goals. When it comes to finding the best roofing contractors, having access to such information and tools is critical. With a small business management software package, you can easily manage your clients, track materials costs, and monitor your business’s progress. With this software, you’ll be able to run your roofing company more efficiently than ever before.