Anyone care to share their experiences on niching down, from a generalist remodeler/builder to something narrow?
Currently I am very general, mostly residential remodels usually 30-50% self performed and mulling on the thought of niching down.
Still retail market but narrower, maybe doors/windows/trim. On the fence about it, and if I move forward whether I would change company names to reflect that or not. Plenty of cons like needing to market more, travel further, have to have a warehouse for deliveries, maybe a showroom depending on supplier. But, easier from an operational POV, more efficient, easier to train/hire, more scalable. Maybe it comes down to trading certain pains for other pains.
Curious to hear about other guys who have done similar (or vice-versa), your story and what you've learned.
Currently I am very general, mostly residential remodels usually 30-50% self performed and mulling on the thought of niching down.
Still retail market but narrower, maybe doors/windows/trim. On the fence about it, and if I move forward whether I would change company names to reflect that or not. Plenty of cons like needing to market more, travel further, have to have a warehouse for deliveries, maybe a showroom depending on supplier. But, easier from an operational POV, more efficient, easier to train/hire, more scalable. Maybe it comes down to trading certain pains for other pains.
Curious to hear about other guys who have done similar (or vice-versa), your story and what you've learned.