Roofing business is a very lucrative business as it does not lack clientele. Every building needs a roof, at a point it needs maintenance and renovation, making it one of the fastest growing business in Nigeria.
If you can harness your skills in roofing, in time your business will boom. Therefore, starting a roofing maintenance, repair and coating business can turn your roofing skills and experience into an opportunity to achieve the financial independence for you and your family.
Basically, roofing business has to do with maintenance, coating, installation and repair services to clients in the consumer, private and government sector.
The demand for this type of business is very high, as no one would want to live in a building without a roof. It takes effort, patience, perseverance, commitment in order for the business to be well patronized.
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The sole aim of starting a business in the first place is to earn profits, as no one would want to start a business there will not be profitable. In order to gain properly in the roofing business, first and foremost is to always know your profit numbers
Demand Analysis, competition, and Opportunities
Nigeria has a lot of population tending to a billion in the year 2050, people need a place to stay for shelter, government builds houses, estates, halls, the question is will all these buildings be roofless? Thus the demand for roofing business is high because it is a necessity that cannot be done without.
How To Start Roofing Business In Nigeria
Develop a Business plan
Before diving into any business, you should develop a business plan. If you want to start a roofing company, you definitely need to start with a business plan! Roofing equipment and vehicles can cost a lot of money.
Don’t forget about insurance costs, not only for you but for any employees. A business plan doesn’t have to be anything complicated but is something that will help organize your goals and priorities and help you make wise decisions.
It is important to know how much you will need to spend to get started, and how much you will need to make (after expenses) to support yourself.
Not everyone wants to have a multi-million naira roofing business with hundreds of employees. If your goal is to have a small to medium sized roofing business, then the goals you set will be much different from a business plan for a large corporation.
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Set short and long-term goals: Plan your roofing business before you spend a dime.
Decide what services you will offer: Decide the scope of your roofing business. How many different services and options will you offer customers?
Find a niche: What will be your specialty? What will set you apart from the competition?
Choose a business name: Put some thought into deciding your roofing company name. You could always change it later, but a name change could hurt your business.
Decide what you will charge for your services: What you charge will vary depending on location, economics, products used, and your skill level, among other things.
Financing: You may need a business loan depending on what your needs will be for equipment, vehicles, and a business location.
One thing for sure is that you can’t start a roofing company without roofing equipment. As expected, equipment may probably account for the largest portion of your startup business. A new set of materials may not be necessary as fairly used equipment may be cheaper.
One of the basic thing that needs to be done is to be organized. As soon as you start your roofing business, you will need some sort of organizational structure so you can keep your customer communications and roofing-related paperwork in order.
Another thing is to choose a good location that will favor the business, license the business and know the equipment suited for the business.
Another major key to succeeding in roofing business is to choose a location that will favor your business. As a business owner, you need to think about what location would best suit your staff, customers, and deliveries. And as an investor, you need to think about the best location that suits your target tenants
Without capital, the business plan cannot be put into motion, thus the need to get a loan, if the capital is not enough.
Certification & Licensing
In order for your business to be legit and legal, it needs to be licensed. The following steps are necessary:
1. Select your business structure
2. Register as a roofer or home contractor with your state
3. Liability Insurance: which include worker compensation, city license, and permits.
Imagine a business without management, without hierarchy, without rules, without regulation, without order, there is every tendency that the business will not last long.
Hence, management is essential in a business as it serves as the backbone that promotes the efficiency and longevity of a business.
Staffing and Advising
Employment of workers is very necessary to reduce workload, increase pace and efficiency. Workers that are capable, fit and have little experience should be employed, as they would be able to treat customers nicely.
People need to be aware of your business, thus the need for you to create awareness of you do, how you do it.
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If you want to start a roofing business you must realize that running a profitable roofing company is a lot more than knowing how to locate a leak or replace a roof.
Being a successful roofing business owner involves organization, knowledge, patience, perseverance, people-skills, and a number of other traits.
Many business owners fail, not because they weren’t skilled in their craft, but because they were not skilled in running a business.
The larger you want your roofing company to be, the better you need to be as a business owner, as the responsibility will be greater. It is not wrong to dream big, but if you are a new business owner, it is best to start small and work your way up.
You may want to checkout these other profitable business tips hereIMPORTANT!: Follow us on Instagram @InfoGuideNigeria
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