Are you a talented tradesperson ready to strike out on your own? With construction booming in many parts of the country, you might consider starting a door and window installation business. Your skills and knowledge could help turn building skeletons into safe and functional homes, schools and businesses.
Door and window installation may be in demand in your area, but that doesn’t mean your business will automatically succeed. Careful planning and preparation can help you avoid costly mistakes and build long-lasting success.
Here are eight steps for starting a window and door business, including why you may want to consider window and door installation insurance to protect it.
1. Develop a business plan
A business plan is like a roadmap for your business. It includes important information, such as your goals, target market, marketing strategy, financial projections and research on the competition. Business plans can help you make important decisions on how to run your business and measure your success.
2. Obtain licenses and permits
You may need special window and door installation licenses to run your business, such as a contractor’s license or business license. These are typically issued by your state or local governments (or both). Check your state, county, and city government websites to understand which licenses and permits are required in your area.
3. Find funding
Many small business owners seek outside funding to help them get their companies off the ground. This may include money to purchase equipment, hire employees, and cover your operating costs until you start generating revenue. Funding for your small business may come from small business loans, grants, investors, or a combination of sources.
4. Develop relationships with suppliers
Door and window installation techs could benefit from having strong relationships with other businesses. Connections to supply companies, manufacturers, and distributors could give you an inside track for beating supply chain issues. You may also be able to negotiate discounts on bulk supplies or free delivery, improving your cash flow.
5. Hire experienced staff
Your business might start off as a one-person operation, but you may soon need more hands to get the work done. Consider hiring experienced staff with the necessary skills to install doors and windows or run your office. This may include carpenters, installers, sales representatives, a bookkeeper, and an administrative assistant.
If your budget doesn’t allow you to hire full-time help, you might start by employing part-timers, casual, or freelance workers.
6. Market your business to customers
Finding customers is a challenge for many small businesses, including door and window installation companies. A strong marketing strategy could help you reach your target customers and ensure a steady flow of jobs. Your marketing plan may include a mix of traditional advertising, direct mail, online ads, and search engine optimization (SEO).
7. Provide quality customer service
Regardless of who your customers are, providing them with excellent customer service is crucial. You might be a talented door and window installation tech, but if your customer service is poor, people may hire someone else. Quality customer service speaks to your professionalism—you’re reliable and responsive to client concerns and value their business.
8. Consider business insurance
With the hard work you’re putting into your trade business, you might be looking for ways to protect it. Window and door installation insurance is one way to do this. Some types of insurance may be required to work in your area, whereas others are useful options for trade businesses.
- General Liability – This is a basic type of coverage that many businesses buy to protect themselves against lawsuits caused by third-party injury or property damage claims. You may be required to have General Liability insurance to work with specific clients or to sign a commercial lease.
- Workers’ Compensation – This coverage protects your business against workplace injury, illness, or death claims. It is mandatory for most businesses in every state except Texas. Check your local workers’ comp laws to understand your insurance obligations.
- Business Owner’s Policy (BOP) – This is a combination of coverage to help protect your business property and income. Your BOP can be customized to include coverage for unplanned business interruptions or equipment breakdowns, among others.
Starting a window and door business – Recap
Help create a strong foundation for your door and window repair business by considering these eight steps:
- Write a business plan.
- Apply for relevant licenses and permits.
- Secure funding.
- Build strong relationships with your suppliers.
- Hire knowledgeable and skillful staff.
- Market your business.
- Make customer service a priority.
- Consider different types of business insurance.
Open the door to success!
With hard work (and maybe a little luck), you may soon have a thriving door and window installation business. As it grows, consider protecting it with window and door installation insurance.
BizInsure understands small businesses. Finding and buying insurance with us is simple. In about 10 minutes, you can have instant coverage to shield you and your business against common financial risks.
- Compare quotes from A-rated (or higher) insurers.
- Choose the coverage options that suit your business needs.
- Buy your policies and get covered instantly.
Policy documents are sent directly to your inbox, giving you peace of mind that your business is protected.
Compare window and door installation insurance options today and save!