Following the latest budget, now would be a good time to start a window installation business. The chancellor has announced help to cut businesses’ energy costs. The Director General of the Food and Drink Federation said the changes would “reward those who invest in energy-efficient technologies.
How to Get Started
Firstly, you will need a business plan. No matter what type of business you are considering, you will always need a business plan. It is the only way you can set goals and work out how to get there. This will involve doing some local research as you will need to know that your business will be viable. Window installation is a popular home improvement, and demand is usually quite high; therefore, there will be competition. You will need to assess the level of competition in the area that you plan to operate as well as the likely demand. If it doesn’t look like there will be room in the market for another installation company, perhaps you should review your chosen area. Don’t be put off by competition – it means there is a demand for the product. Just make sure there is room for your business to grow, too.
Talk to people who already work in this field. You may not get much joy from the local window installers, as you intend to be their competitor, but if you go out of your area you might be able to find someone who is happy to give you some insights into the day-to-day running of a window installation business. There are often local Business Link communities in your local area that will be able to help with all aspects of running a business. You can also find a lot of resources on the government’s website.
Make sure you have the right skills to become a window installer. Most window installers have already gained experience working for another firm. Running your own business also requires some bookkeeping and admin skills. If this isn’t your forte, you may be able to learn the skills or you might have someone who can help you with this. Many installers run their business with a partner who has the necessary business acumen to make sure that all the bills get paid and your taxes are done on time.
Find a Manufacturer
You will need to partner with uPVC window manufacturers who can deliver a quality product when you need it. Choose a company that has a wide selection that is competitively priced. Some companies like Sierra Windows will offer a support service, not only for installation but for advertising and marketing, too.
If you don’t have your own funds to get you started, you may need a business loan. There are several options to get the funds you need. Some people take a second mortgage on their home, but don’t forget that your home will be at risk if you can’t pay back the loan. Your bank may be able to offer a business loan, or investors may want to invest in your business.