By Cotney Construction Law.
Market is growing but competition demands strategies to grow your business.
Aside from labor shortages, the construction industry is seeing excellent growth. The roofing industry is no exception. Although running a business can be difficult at times, this year looks promising for roofing contractors. To ensure your business thrives in today’s competitive market, our roofing attorneys in Texas have some tips for how to grow your business.
Hire Skilled Workers
As mentioned before, one of the biggest issues facing the construction industry is a lack of skilled workers. It’s critical that you assemble a strong crew to be sure your business is thriving. The state of Texas doesn’t require roofing contractors to be licensed; however, licensure is imposed on listed specialties like HVAC, for example. Additionally, different cities within the state do require contractors to be licensed like San Antonio, for example. A reputable roofing lawyer in Texas would probably advise you to go ahead and recruit licensed contractors or make sure you understand the regulations in your jurisdiction. Once you hire workers, train them well to ensure your crew has the skills to take on projects.
Stay Informed and Relevant
There are a lot of things going on in the roofing industry that you’ll want to stay abreast of, including the latest trends, regulation changes, and innovation. If you haven’t already, connect with an association such as the National Roofing Contractors Association (NRCA) or the Roofing Contractors Association of Texas. People are engaging with companies online and most will not do business with one that they can’t find in an online search. Keep your business relevant by investing in your online and offline marketing presence.
Review Your Pricing
You’ll have to review and adjust your pricing from time to time. A good way to do so is to not only review your pricing to see if your roofing expenses and business activities are covered, but to also determine if you are generating a decent amount of revenue. The key is to set your prices at a fair market rate, but not to charge so low that you can’t make a living.
Upgrade Tools and Equipment
Here’s a bonus tip. When was the last time you upgraded any of your tools and equipment? The Occupational Health and Safety Administration has standards on inspecting tools and equipment on the job site. The last thing you want to deal with is being cited for not having the proper tools or using equipment of poor quality.
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Editor’s note: This article was first published on Cotney Construction Law and can be viewed here.
Author’s note: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation. Regulations and laws may vary depending on your location. Consult with a licensed attorney in your area if you wish to obtain legal advice and/or counsel for a particular legal issue.
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