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Business Growth

 
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Old Yesterday, 04:13 PM   #1
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Business Growth


I've been in business for 10 years, mainly providing a handyman service to apartments and HOA's. Which create opportunities for larger projects like perimeter fencing, roofing, and repairs. The majority of the work performed is correcting other contractors mistakes or poor craftsmanship. We have some experience local municipalities in public housing and a couple room additions and remodels.

We haven't seen much growth in the past 5 years. I believe some of my challenges are personnel (recruitment and retention), estimating, project managing, and benefits (health insurance). Some area we've considered for expansion is house fixing, new construction, and federal government (8a).

So I'm interested in hearing some stories or advice from other owners who broke the seal of being stagnant.
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Old Yesterday, 06:49 PM   #2
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Re: Business Growth


Quote:
Originally Posted by dhimprove View Post
I've been in business for 10 years, mainly providing a handyman service to apartments and HOA's. Which create opportunities for larger projects like perimeter fencing, roofing, and repairs. The majority of the work performed is correcting other contractors mistakes or poor craftsmanship. We have some experience local municipalities in public housing and a couple room additions and remodels.

We haven't seen much growth in the past 5 years. I believe some of my challenges are personnel (recruitment and retention), estimating, project managing, and benefits (health insurance). Some area we've considered for expansion is house fixing, new construction, and federal government (8a).

So I'm interested in hearing some stories or advice from other owners who broke the seal of being stagnant.
You have a wide variety of work you target so therefore a wide audience. You can still do your handyman business, but a suggestion is to also find an area to specialize in as well that is more profitable... that's where you'll find business growth more rapidly...

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Old Today, 05:49 AM   #3
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Re: Business Growth


Thanks for the advice, I had considered specializing in roofing. I have a pretty reliable crew and profit margins are good too.
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