Are you interested in starting a waterproofing business? Do you need a sample waterproofing business plan template or feasibility study report? Then i advice you read on.
It has always been important to make sure that the house gets protected from moisture. This is the reason why a lot of construction-minded entrepreneurs consider learning how to start a waterproofing business. Just like any other kind of business, learning how to start a waterproofing business has its methods and procedures to ensure that business owners would be able to start out fine.
This article will explain in details all the requirements; the benefits of starting this business; some drawbacks of the business; and how to move on with the business basics.
But before I go into the details of starting a waterproofing business, I want to emphatically state that the information provided in this article does not in any way replace the need for you to conduct a feasibility study, write a business plan and do your own due diligence.
Secondly, the information shared in this article is applicable to any locality; be it USA, Canada, UK, Nigeria, Ghana, etc. Without wasting your time, below are creative ways on how to start your own waterproofing business from home with little or no money.
How to Start a Waterproofing Business – Sample Business Plan
This is a staple when it comes to opening up not just a waterproofing business but any other type of business. The ones listed below are the requirements you would need to start your own waterproofing business.
a. Business license, insurance, and permit
b. A good, working knowledge of various waterproofing techniques (you can employ workers who are experts in that area, too).
c. A sturdy and reliable vehicle which you would need for work
d. Equipment and tools designed for waterproofing
e. A small office at home
f. Reliable software for tracking your financial progress.
g. Techniques in advertising
Advantages of Starting a Waterproofing Business
1. You can start your waterproofing business even with a small investment. You can even opt to operate it on a freelance or part-time schedule.
2. If you opt to hire reliable employees for your waterproofing business, you do not have to know how to do waterproofing procedures yourself.
3. Since you will be offering different varieties of waterproofing services, your business is guaranteed to be lucrative and recession-proof.
4. Though you really need to work up in advertising, you can still get customers simply by the usual referrals system.
5. Demands for waterproofing services can increase through time.
Disadvantages of Starting a Waterproofing Business
To be able to help you decide on starting this kind of business, here are two reasons why some people regard waterproofing businesses as having a few drawbacks.
a. If you are simply employing workers for you business, you might find yourself reliant on the services of these workers.
b. Since waterproofing is always an imminent service wherever the place is, you should first consider how much competition you would be meeting once you set up your own waterproofing business in the area.
The Basics of Starting a Waterproofing Business
To sum it all up, you have to at least know most of the following basics about running a waterproofing business.
1. Obtain education and knowledge for the different waterproofing techniques. Make sure you know how to assess costs.
2. Learn to match reconstruction costs with the allotted budget of the customer.
3. Make sure you relate the importance of waterproofing to your clients by showing a portfolio which contains waterproofing issues.
4. Print out a catalogue which contains techniques of mitigation you are offering. Also, include a separate list of prices for different service packages that would fit different levels of budgets.
5. Make sure you have professional-looking business cards and brochures.
6. Make sure you absorb all the information above before proceeding to execute all the things you have learned on how to start a waterproofing business.