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2 years ago
Business Services And Property Maintenance Is A Fast-growing
Business services and property maintenance is a fast-growing option for many models of small businesses and individual entrepreneurs. The initial investment requirements are not very high, however, they may be specialized skills required. This is also a business for labor, therefore, acquisition, training and retention of qualified staff is vital.
Business services and Property Maintenance essentially involves providing handyman services and / or caretaker services, maintenance of property, both interior and exterior, landscaping, electrical, plumbing, repair, painting, polishing, carpentry , disposal of garbage, construction debris, waste management systems, etc. This could be for a home or commercial establishment.
In the super-specialized world today, not many homeowners or management of commercial buildings have the interest or inclination to do their own maintenance work. They also may not want to invest in the necessary equipment and tools, or may not want to maintain permanent staff for this purpose. They can also choose to rely such services to an external source. This is also a line of business that is self-generating and depends heavily on repeat orders because maintenance requirements remain constant. Hence the need for a good business model for property maintenance and services is becoming increasingly felt.
Marketing a business of maintenance and property can not be too difficult, since most of the projects are obtained through referrals word-of-mouth advertising through brochures, advertisements on bulletin boards at local hardware stores, bars, transport stations, etc. Free classifieds ads in local newspapers, direct mail, referrals from local agencies, etc. They are also great ways to showcase their services. However, in the initial stages, sustained marketing campaign may be necessary, with discount offers, free service calls, etc. An entrepreneur who wants to start a business as may already possess certain carpentry, plumbing, gardening, landscaping, repairs, electrical or masonry skills. Therefore, they can use their experience to train new recruits.
However, the challenges in managing a business, these are in the areas of training and staff retention service, billing, collection of fees and the uncertain nature of the projects. For example, an initial assessment may not reveal the true extent of the damage or needed repairs and the project can stretch or go beyond the estimates. In such cases, managing customer expectations becomes a problem. Another problem may be getting adequate insurance for electrical and plumbing work. Liability insurance may also be required for certain types of maintenance. Getting insurance for you and your staff could also be costly.
With all its challenges, running maintenance and property services business can be profitable and interesting, as it ensures a supply of work that can never be exhausted as long as humans live in buildings!
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