There are tons of great business ideas out there that are cheap to start. For me, a property maintenance business is one of the best. So, with the help of Toronto’s top property management company ICC Property Management I’ve decided to write a short guide on how to start one:
Come Up With A Solid Business Plan
You need to have a plan of how you’re going to make money. It’s worthless starting a company if you aren’t sure how the revenue will be generated. With a property maintenance business, you have to realize that there is a lot of competition out there. So, you need to think of a plan that will make you stand out from the crowd and reel in the customers. One thing you should do is state that you’ll do all types of maintenance work. This means people can call on you to do anything they need. It’s convenient for them because they can call you and get you to do two jobs, instead of calling two separate specialists. Another thing you need to make clear is that you’ll do a one-off and contracted jobs. Some people hire a company to do a one-off maintenance job; others prefer someone to come along regularly. By offering both options, you appeal to both sections of the market. If you have a good business plan, you’re bound to get a lot of money.
Find Some Suppliers
Starting a property maintenance business means you need a lot of equipment and supplies. The art of maintaining a property means you have to contend with various issues. So, you’ll have to find various suppliers to purchase the supplies you need. For example, you’re going to need paint to help touch up roofing or exterior walls. There are companies that can supply items like this. Then, you have to think about the equipment you’ll need. Primarily, you’ll require a lot of basic handyman tools. It doesn’t matter where you get your supplies from, what matters is that you’re fully stocked and always have what you need. The last thing you want is to be called out to a job and not have the supplies to carry out your work. This would be bad for business, and people will soon stop calling you.
Start Off Small
One of the best pieces of advice I can give you is to start off small. You must recognize that your property maintenance business needs to start from the bottom. Take extra care to ensure you aren’t biting off more than you can chew. What I mean by this is don’t overload your diary with jobs and contracts. You’ll find it very hard to keep up with the work, and your business will end up failing. My advice is to start small, work on your own and make sure you’re only doing as much as you can handle. If things start taking off and you get loads of bookings, maybe it’s a sign you should expand? Then, you can consider hiring employees and taking on more work!
You can use the advice in this guide to help you start a successful business. Remember, you still need to work hard and have a clear goal, or things won’t go as planned!