The Ins and Outs of Running a Stucco Repair Business
Business Overview:
If you’re looking for a construction business idea that doesn’t mean competing with general construction businesses, consider running a stucco repair business. This niche repair service enables you to start your own business in the construction field with little startup and basic carpentry skills specific to working with stucco. To get started, you’ll need a business license, permit, and insurance as well as the tools of your trade—all of which can be purchased at your local home improvement store. You’ll also want a reliable vehicle that can transport your tools, and perhaps some signage on the vehicle that advertises your business. You might consider hiring employees to work for you or with you on repair jobs, though you can easily start this business on your own. You can even choose to work solely on the weekends as a part-time side business. But before you can do any of these things, you’ll need to ensure that you’ve had enough experience working with stucco and that you’re knowledgeable enough to gain your customers’ trust in your expertise. Beyond that, your work should stand for itself and help garner you more customers through word-of-mouth and any other advertising techniques you use. From there you’ll be well on your way to operating a successful stucco repair business.
A Day in the Life of a Stucco Repair Business Owner:
Whether you will run your business full-time or only as a part-time venture, a typical day will include connecting with current and potential customers and working on stucco repair. Assuming you will be doing the work yourself, at least initially, you will start the day by confirming with your client and ensuring you have all your tools in good repair and ready to work. You will likely spend a good part of the day outdoors repairing the damaged or old stucco. If the job will be completed by the end of the day, you will check in with your client to be sure they’re pleased with your work, you will issue them a bill, and you will return to clean your equipment. Though your days might be long, you will always want to include a check on your finances to see that past invoices have been paid and that your business is in the black. To wrap up your day, a check of your voicemail to see if you have any potential customers will give you a leg-up on the following day’s tasks.
About Your Customers:
Your customers will be home and business owners who are in need of a trustworthy and talented repair person to maintain the stucco work of their edifice. They will be looking to your business to provide several things: solid workmanship, competitive pricing, and references from prior jobs. They will also likely want you to be available to start their job sooner rather than later, and will expect to sign off on a professional service contract with you.
What You Need to Start:
- Experience working with stucco
- Business license, permit, and insurance
- Tools for stucco repair
- A vehicle to transport you and your employees and equipment
- Marketing techniques
- A pricing plan
- A service contract or binder for customers
- An answering system for potential customer inquiries
- Financial-tracking software
The Good:
- You can start this business with minimal financial investment.
- This business can be run full-time or as a part-time or weekend-only venture.
- You can make a name for your company in this niche market and find yourself as the go-to person for stucco repair.
- If you choose to hire employees, you can focus on building your business while your employees do the actual stucco work.
- You won’t have to compete with general construction companies in a niche field like this.
The Bad:
- You have to have a good working knowledge of stucco repair to even consider a business idea like this one.
- There isn’t a lot of scope for the imagination when you do stucco repair; you will be doing similar jobs again and again, so you’ll want to make sure you enjoy the work.
Resources:
- International Association of Certified Home Inspectors Article on Stucco Repair
- National Association of the Remodeling Industry
- Bureau of Labor Statistics on Installation, Maintenance and Repair Occupations
- Wikipedia on Stucco
About The Author
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