The roofing sector is filled with opportunities, with many residential homes and commercial buildings cropping up. According to IBISworld.com, in the United States, the roofing industry is worth over $55 billion hence why an individual roofer might be tempted to start their own roofing business. What if the person has limited capital? Can they still open a roofing company? This review will discuss how a roofer can open a roofing company with limited capital.
According to the narrator in the video, the first tip for opening a roofing company with limited capital is to have a side gig. People should have a business on the side that helps pay the bills until the roofing company starts generating cash.
Setting a salary cap is the second tip for opening a roofing company with limited capital. People should set a salary cap for themselves when starting a roofing company with limited capital. Any excess cash should be ploughed back into the business.
The third tip for opening a roofing company with limited capital is focusing on small jobs. When a person opens a business, typically, they won't land big clients. Therefore, they should work on small jobs to create a portfolio to land big jobs.
