From Residential to Commercial: Pros and Cons of Expanding Your Roofing Business
When you start a roofing business, you think about how to expand it, and the most obvious step in this direction is moving from residential to commercial roofing. But such a decision has its advantages and disadvantages. The following article discusses factors to consider when expanding your roofing business. It’s helpful to also examine real-life cases, such as how Boston roofing scaled their business.
Pros of Expanding to Commercial Roofs
- Increased Profits. Commercial facilities often require a larger amount of work than residential roofs, leading to significantly higher profits. Additionally, commercial buildings often have more complex roof systems that require regular maintenance and repairs, resulting in more projects throughout the year.
- Improved Reputation. Working on commercial projects helps build a reliable and professional image. Successfully closing a large-scale project can lead to new opportunities for your business.
- New Skills and Experience. Commercial projects allow for the acquisition of necessary skills and exposure to new materials and technologies.
Cons of Expanding to Commercial Roofs
- High Start-up Costs. Working with commercial buildings requires significant start-up costs for additional equipment and personnel.
- Serious Workload. Scaling your business to service larger commercial buildings requires the organization of dozens of specialists and coordination to avoid delays and errors.
- Increased Risks. Commercial buildings have higher heights and complex roofing systems, increasing the risks of accidents and possible lawsuits from customers and employees.
- Greater Documentation Requirements. Working on business structures requires more careful paperwork and adherence to legal procedures, such as obtaining special permits, additional insurance, and certifications.
- Need for Advanced Marketing Strategy. Marketing for commercial properties requires a more advanced approach, requiring a larger budget for professionals, advertising, and marketing materials.
It’s essential to consider both the pros and cons of expanding your roofing business to commercial roofing in order to make the right decision. Evaluate your capabilities and resources before starting work on such projects. If you’re willing to take the risk and invest in your business, expanding to commercial projects can be a good opportunity to increase profits and grow your company. If not, it’s better to concentrate on what you do best in the residential market.