If you have experience in roofing or construction and you like to be outdoors, a roofing business can be the perfect fit for you. Even if you do not have any previous construction or roofing experience, you can always hire experience employees and learn from them. The profit potential with this business can be very high. Many small roofing businesses earn $ 200,000 to $ 300,000 a year in profits.
If you have experience, it will be very helpful, however, many people have successfully entered the business with no experience. You just need to hire someone with roofing experience and have them teach you what you need to know. Owning your own business is a constant learning experience.
You can also apprentice with other roofing professionals to learn the trade. There are several organizations, such as the United Union of Rofers, Water proofers and Allied Workers that have apprenticeship programs to help new roofing business owners get started correctly.
One very important aspect is to have a thorough knowledge of different types of roofing materials and learn about safety for you and your employees.
You will need a truck or trailer for hauling roofing equipment to your worksites, and also a small home office for taking care of paperwork and invoicing.
Some states do not require any type of license to own a roofing company, but it is different in every state, so you will need to check with your local state agencies to see if it is required in your state.
A roofing company can be a low cost start up business, however, you will need some equipment to get started. You will also need to buy the work materials that you will use before receiving payment from your first customer. It is always best to start small and buy more equipment as needed after the money has started flowing in.
Roofing work is hard work, and dependent on the weather. As the business owner, you probably will not be on the roof sweating all day, but you will need to know how to manage and supervise your employees properly if you want to be successful.
The roofing business is growing at a fast pace. According to national statistics, roofing jobs are expected to grow 16% in the next several years. Another good thing is that even when the housing market is slow, the demand for roof repairs continues to get bigger. With the huge housing boom that has occurred, all of those homes will need new roofs at some point.
For most roofing businesses, word of mouth is the best and most inexpensive way to advertise your business. That means that you must do a great job for your customers so that they will tell their friends and neighbors about you. Some roofers never have to spend a dime on advertising because they get all of their new business from referrals.
A website is also critical to success in today's business environment. Today it is very easy to have a very nice website built for under $ 100, and it can bring in a ton of new business for you.
If you are willing to learn and work hard, you can have as much business as you can handle, which will allow your earmarking potential to be huge. If you need to make big money fast, this business can make that possible for you.
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