Continued from page 1
If you decide to open your cabinet refacing business on your own, you have many things to consider. You will need to find distributors of you products. You will also need to price storage facilities, equipment, advertising, and any other possible issues that will add to your cost.
If you chose a franchise, research each franchise before you decide to buy. Many offer training, support and help with marketing. They all take care of holding inventory until you have projects, and their distributors are in place. With either option for cabinet refacing business, you need to decide if you and a crew will perform work or if you will subcontract work out. If you think you will subcontract, call around and talk to some of companies. Make sure they follow all state and local regulations, and have insurance. Decide which ones you are going to use, and make sure they are interested in working with you.
Although franchise may set prices for your services, you really should call other companies that offer same service. Cabinet refacing business opportunities are all over, and you want to stay competitive. Make sure franchise you have purchased is not suggesting charges well-above other businesses. This step is a necessity if you are starting from ground up. You will need to know how to set prices, depending on your suppliers and competition.
Now you’re ready to get financing for your cabinet refacing business, if you don’t have cash on hand for start up. You could try private investors, banks, and Small Business Administration. This may take time and you may be turned down, but don’t get discouraged.
Once you have everything, advertise. Get your name out there and start your cabinet refacing business. The potential of making $200,000 a year is out there with only four to five projects a week and that is a perfectly reasonable goal to set. You’re now ready to make profits because you have gotten your cabinet refacing business early in game.
© Copyright Randy Wilson, All Rights Reserved.
Randy is has more home based business articles at Profitable Home Businesses K to O such as Affiliate Marketing.