If you get a lot of satisfaction when you fix a problem around your house like a leaking faucet or sagging shingles, having your own home repair business means you'll enjoy the same feeling on a daily basis as your team carries out these types of repairs in other people's houses. Not only is this type of work fulfilling, but it's also quite interesting. One of the main reasons it's so appealing is because there's a lot of variety. In fact, the amount of variety you'll encounter is why this type of work is ideal for someone who's comfortable managing a team in a wide variety of settings.
Is It a Growing Field?
The answer to that question is a resounding yes! To put things in perspective, the US Census Bureau found that Americans spend over $43 million on home repairs and maintenance each year. And because of the localized nature of this type of work, it's definitely possible to build a business that's able to capture a solid percentage of this market.
In addition to there always being a demand for this type of work, there are several other factors that make it such an appealing opportunity. Those include a flexible lifestyle, very reasonable startup costs, not getting bored and doing something that truly helps people.
Who Will You Serve?
Homeowners will be your primary customer base. You may also find that managers of small apartment buildings or office complexes who don't want to hire someone full-time make good customers. The key to successfully reaching either group is to have a recognizable brand that can be promoted through various marketing channels, as well as by word of mouth referrals.
Why Franchise?
Starting a business is not easy. That's why as many as 70% of businesses fail within the first year and a half after they open. If you want to be an exception to the rule, you need to give your business every advantage possible. One of the biggest advantages you can harness is that of a franchise. The big appeal of franchising is you're able to take a proven business model and start running with it right away.
So instead of having to fight the uphill battle of figuring out everything on your own, you get the benefit of a solid course of action that was proven through plenty of previous trial and error. Whether you want to work from home or a small office, franchising means you'll learn how to use technology that can put your business on the fast track. You will also receive mentoring, training and support whenever you need it. To top things off, you'll also have a network of franchisees you can bounce ideas off of and ask questions.
Now that you've had a look at the ins and outs of this opportunity, if you'd like to find out more about starting a franchise where you live, don't hesitate to get in contact with us!
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