Starting your own business can be one way to avoid any economic dependence on a big, faceless employer. Owning a successful small enterprise means that you are in charge, and can better control many aspects of your working life. Negotiating the hazards of starting a small business can be tricky, however, and the skills needed to begin a sash window refurbishment company are not insignificant.
Do thorough local market research in order to better gauge the chances for success. This may require a little time and effort at the computer. Sash repair or replacement is only profitable if there is a real demand for the service, and that means being located in an established city with older neighborhoods filled with homes built around the turn of the twentieth century.
If your location generally fits this description, there may be a good customer base for this business, especially if the market is not already saturated with qualified experts. Be realistic, however, about the business category you are considering. Any home renovation or repair can be rewarding, creative and profitable, but you will need to provide homeowners with a reason to choose you, rather than a more established company.
Do not expect to be able to sit back and let others run things. In the beginning, hiring one or two employees will probably be necessary. No matter how fair and reasonable a new owner may be, there will always be personnel issues. Few people really enjoy hiring and firing, but management ability will be needed no matter how small the operation. There will also be employee payroll and tax issues to deal with.
Any well-run neighborhood business must have a reputation for good customer service. The days of the grumpy but skilled craftsman are long gone, and customers expect to be treated well. They will overlook a host of start-up related problems if they are given consideration and respect. Once a shop attracts a solid customer base, success is much more likely.
It will also help immensely to have knowledge of basic carpentry, and the ability to understand mechanical issues. Old sash mechanisms utilize ropes or chains and pulleys, and a person a in this business cannot be afraid of Victorian technology. Ask yourself if you are really comfortable dealing with your own personal technical issues, or whether using mathematics and tools seems daunting.
Many new businesses lose money during the first year, and having a solid financial base can be the difference between future success or folding up. Understanding and using the principles of basic bookkeeping is another one of the skills needed to begin a sash window refurbishment company. When combined with real people and management talents, they form a solid foundation for future business success.
Do thorough local market research in order to better gauge the chances for success. This may require a little time and effort at the computer. Sash repair or replacement is only profitable if there is a real demand for the service, and that means being located in an established city with older neighborhoods filled with homes built around the turn of the twentieth century.
If your location generally fits this description, there may be a good customer base for this business, especially if the market is not already saturated with qualified experts. Be realistic, however, about the business category you are considering. Any home renovation or repair can be rewarding, creative and profitable, but you will need to provide homeowners with a reason to choose you, rather than a more established company.
Do not expect to be able to sit back and let others run things. In the beginning, hiring one or two employees will probably be necessary. No matter how fair and reasonable a new owner may be, there will always be personnel issues. Few people really enjoy hiring and firing, but management ability will be needed no matter how small the operation. There will also be employee payroll and tax issues to deal with.
Any well-run neighborhood business must have a reputation for good customer service. The days of the grumpy but skilled craftsman are long gone, and customers expect to be treated well. They will overlook a host of start-up related problems if they are given consideration and respect. Once a shop attracts a solid customer base, success is much more likely.
It will also help immensely to have knowledge of basic carpentry, and the ability to understand mechanical issues. Old sash mechanisms utilize ropes or chains and pulleys, and a person a in this business cannot be afraid of Victorian technology. Ask yourself if you are really comfortable dealing with your own personal technical issues, or whether using mathematics and tools seems daunting.
Many new businesses lose money during the first year, and having a solid financial base can be the difference between future success or folding up. Understanding and using the principles of basic bookkeeping is another one of the skills needed to begin a sash window refurbishment company. When combined with real people and management talents, they form a solid foundation for future business success.
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