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expand my carpentry business

by CRR, Window Shopper

  • Created: September 12, 2012, 10:04 am
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4 comments
I'm looking for advice and or help with expanding my business. I have operated a small carpentry business for a little over a year now and things are somewhat steady. I see a need in the market to expand but at the current time it is just myself, so I'm very limited in what I can do. My plan is to hire people that can expand my capabilities, not just laborers. For example, I personally do not have enough experience in doing additions. If I can hire someone who has alot of experience in this area, it would help me grow. My funds are limited at this time, otherwise I would just hire someone. I have the vision to grow my business, but lack the funds. I doubt the bank will give me a business loan do to my time in business, and also past financial issues (bad investments - foreclosure. What can I do?
Tags: Discuss Popular Topics, Self Employed & Home Based Business
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Luxury_Living | Window Shopper | 9/18/2012 - 9:11 am

Congratulations on having a steady business. Since your business is already
running, so I can suggest you now to have a proper expansion plan. Once your
plan is ready you can easily start the recruitment process.
Discount bath vanities
Professional Web Site: Bathroom and Kitchen Accessories

clevertim | Window Shopper | 9/16/2012 - 4:08 am

Maybe you can work with some marketing/sales agencies that can send you more
business for a monthly fee. Once you get more business, you can consider
hiring more people.
Professional Web Site: Web based CRM for small businesses

Surpass | Window Shopper | 9/15/2012 - 6:22 pm

First of all, congratulations on having a steady business of customers...that
is not easy in today's economy! There is a lot you can do to expand, even
without a huge cash flow or bank loan. You are already doing a great thing by
looking at the market. It is so important to understand your current and
potential customers. I would start out with those satisfied customers. Ask
them what other services they could use and what they see as the needs of
their friends and neighbors. This is VALUABLE information for you and your
planning. You can the begin by slowly subcontracting to others, once the
income becomes more steady in this area. One thing to remember: as an
employer expanding, your costs will increase. Make sure and add these costs
into the prices you charge. I own Surpass Business Alliance a small firm
dedicated to the REAL business needs of REAL small business owners. If this
advice was helpful, please visit us at Surpassbusiness.com. I look forward to
working with you in the future!
Michelle Brown-Droese CEO and Founder Surpass Business Alliance
Professional Web Site: Surpass Business Alliance

BizResearcher | Window Shopper | 9/12/2012 - 11:05 am

Have you considered starting by creating a referral network rather than
having employees? For instance, if someone contacts you about concrete work,
you can subcontract the work to a concrete company. You would handle the
booking and payment, then you would pay the subcontractor. You include an
amount in the fee to cover your expenses. This is how some of the larger
franchise handyman businesses operate. You could network with electricians,
plumbers, finish carpenters and any number of businesses.

Just be sure you are referring to reputable companies that have a strong work
ethic, as your name will be on the line.