How to Start Your Own Business After Home Renovation SchoolApril 02, 2019
Ontario’s population is growing, and high housing prices are encouraging people to renovate their homes rather than buy new ones—which means now a great time to begin your home renovation business. When done right, running your own home renovation business can be highly lucrative and it gives you the chance to be in charge of your career path.
If you’re thinking about starting a business after home renovation school, you need to make sure you have a plan in place for doing so. Let’s take a look at a few of the steps you should take to help ensure your home renovation business has the best chance of succeeding.
Use Your Home Renovation Training to Decide What Services You Will Offer
The first step you need to take is to decide what services your business is going to offer. Some home renovation businesses offer a wide array of services, like complete home renovations, which require you (and your employees) to have a broad skill set. However, you might want to focus on more specialized renovation projects, like bathroom remodels and kitchen renovations, for example.
In either case, home renovation training will help prepare you by covering a large number of different skills, such as plumbing, electrical, flooring, and drywall. By learning all of these skills during your training, you’ll be well positioned to decide whether you want to focus on a single area of expertise or offer more wide-ranging services.
Get the Proper Licences and Pay Attention to Regulations Affecting Home Renovators
Construction is a highly regulated industry and chances are you will need at least a few licences before getting started. For example, if you are doing plumbing work in Toronto, you will need a plumbing contractor licence. You may also have to register your business name and, if you are incorporating, you will need to file Articles of Incorporation. You will likely also need to register with the Workplace Safety and Insurance Board (WSIB) and ensure that your business is protected with liability insurance.
Talk to Others in Home Renovation School for Help Finding Employees
When you’re starting out, you may just be a one-person operation. Given that your home renovation training will have prepared you for a number of different home renovation skills, it’s certainly possible to begin your business as a sole proprietorship with no employees other than yourself. However, if you plan on taking on complex projects, or if your business begins to grow, then you will either need to hire employees or find qualified subcontractors.
Word-of-mouth is often the best way to find reputable employees and subcontractors. Reach out to your classmates and teachers from home renovation school, for example, to see if they would be able to recommend anyone. Don’t forget to make sure all employees or subcontractors you hire are covered by the workplace insurance that is mandatory for them.
Talk to classmates from home renovation school for recommendations about potential employees
Marketing Should be a Top Priority for Any Home Renovation Business Owner
Most homeowners will only trust their home renovation project to a contractor or subcontractor who has an excellent reputation. When you’re just starting out, building a reputation can be challenging. Fortunately, digital marketing can help. Be sure you have a website and that your company is listed on all the major online review sites, like Angie’s List, Yelp, and Google My Business. Encourage satisfied clients to leave reviews of your business on these sites as positive reviews will strengthen your reputation and give you more online visibility.
Starting a blog where you provide home renovation tips is another great marketing idea. A blog helps establish you as an expert in your field, which in turn can lead to homeowners trusting you with their home renovation projects.
Digital marketing is a great way to build your home renovation business’ reputation and visibility
Do you want a career in home renovation?
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