Eight Things You'll Need to Invest In For a Repair Business

Kandace Heller

December 17, 2013

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During the recession, people love to repair what they have instead of replace their older items. Home repairs are a big market when people can't buy new homes, so a repair business is a great idea. Here are eight things you need to start such a business successfully.

1. Parts

Every repair needs parts. You'll quickly develop a relationship with the employees at the hardware store. Stock up on the staples and purchase extras of common items you need to replace in the course of your repairs. If you have a tighter budget you can wait to buy larger more expensive parts when the job comes along, but keep standard parts on hand for quick fixes. It will save you time and money running to and from the hardware store.

2. Transportation

A good truck will serve you well in the months to come. After all, you need some way to get yourself and your tools to and from the work site. If you don't already have a truck, ram dealerships in Utah can help you find one that works for your company and your needs.

3. Hauling

Your truck will have the capacity for most of the common items you need to move, but now and then, you'll need more space. A simple flat trailer is easily hitched to your truck and allows you to haul the larger building materials you may need instead of paying for delivery. Before you hook anything up, be sure to check with your ram dealers in Utah to make sure that all safety and weight limitations are okay on your trailer of choice.

4. Disposal

Major repairs mean major trash. Your trailer can haul some away, but taking it to the landfill or scrapyard has negative effects on your truck and trailer, particular in the damage to tires. Get in good with the waste management company and hire a dumpster when you need one; it will save many headaches.

5. Insurance

No one wants to hire a business that doesn't insure itself. You need to have insurance in case something happens on the work site. It's that simple; no insurance, no work. Make sure that you are legit and follow all local and state licensing and business permit requirements as well.

6. Tools

Unless you have a fully stocked workshop at home, you'll need to invest in some tools. You'll probably want small, portable versions of common power tools for your work as well. It's a large initial investment, but they pay for themselves over months and years working a successful business.

7. Classes

Even if you've been working in a skilled trade for most of your life, there's always something new to learn. A few short workshops and night classes can add to your range of skills and make your business that much more effective. You might learn a new technique that will save you time and money when compared to outdated repairs.

8. Contacts

You can't do everything yourself. You can hire skilled workers, and you should, but don't stop there. Connect with other local tradesmen and develop mutually beneficial working relationships. It saves time and hassle when you can call on people you trust.

Everyone dreams of running a successful business, but it takes some effort. With the right tools and permits, you will be well on your way to a growing company. Keep the above items on your list and you're sure to hit the ground running with your new business.