Why Foundation Repair
At this point, you may be asking yourself, “Why foundation repair?” Below you will find a handful of reasons for you to consider foundation repair as your new career.
According to the Bureau of Labor and Statistics, the job growth for specialty trade contractors, such as foundation repair specialists, is projected to have a faster-than-average growth rate through 2026. That means that for the foreseeable future there will be plenty of opportunity for expansion and growth.
Solid Profit Margins
Not only is there expected to be large opportunities for job growth in the construction industry, but trades such as foundation repair have a good profit margin making them lucrative businesses to operate. The Stern School of Business at New York University recently conducted a survey of businesses within the construction industry and found that they had an average gross profit margin in excess of 12%. A good profit margin means that more money will make its way into your pocket with every completed project.
Grip-Tite Manufacturing Co. offers a wide range of support including training, business management software, engineering support, and financing for your clients. This makes entry into this market one of the fastest and easiest for new dealers.
How to Get Started
Now that you’ve decided to become a foundation repair specialist or to add foundation repair to your existing services, you’re going to want some help getting started. We recommend the following steps to successfully launch your new career.
Acquire the Necessary Training and Experience
You may already have the requisite licensing and several years of experience in the construction industry and all you really need to know is the information specific to the products used for foundation repair. However, if you are a newcomer to the construction industry, you’ll need to get some hands-on experience and get the required state and local licensing. This information is usually easily obtainable through your state’s licensing board.
Become a Dealer for a Reputable Supplier
There are many benefits to becoming a dealer for a foundation repair supplier. Not only have these manufacturers created many innovative ways of solving fundamental foundation problems but they also provide valuable support for their dealers. They can help you develop your repair skills, successfully market your services, estimate your jobs, and even help your clients finance repairs.
Market Your Services
One of the keys to any successful business is a good marketing plan. Word of mouth and a reputation for quality work will go a long way, but a strategic marketing plan can help your clients find you when you are just getting started. We can help you with marketing and growing your foundation repair business.