Setting up a kitchen remodeling business on your own in 2018 can be a scary proposition.
According to the Small Business Association (SBA), 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10.
But that figure doesn’t take franchises into account. At Kitchen Solvers, we’ve been helping franchisees set themselves up for success using our brand reputation, proven systems, and ongoing support since 1982.
Today’s post is all about the value of Kitchen Solvers’ franchise system for those interesting in setting up a kitchen remodeling business. Read on for a comparative analysis explaining the benefits of franchising over self-starting.
Is it worth setting up a kitchen remodeling business on my own?
Let’s talk about what it takes to start a kitchen remodeling business from scratch.
First, we have to assume that you’re one of the following:
- An experienced home improvement salesperson with an impressive closing rate;
- An ace installer or handyman with a sterling reputation;
- A visionary home designer with your thumb on the pulse of the industry trends.
Ideally, you’re all three.
If you don’t have a background in these areas, you’re going to have to put your dream on hold for awhile in order to build relevant skills.
Whether you choose to pursue a degree in design, find an apprenticeship in carpentry, or accrue a few years of experience in sales and management, you’ll ultimately need to invest in some training and education before you get started.
In 2018, the industry is simply too packed with expert installers, designers, and salespeople to think about setting up a kitchen remodeling business with subpar skills.
But let’s assume you have all the skills in the world and look at what else is involved in setting up a kitchen remodeling business that can compete with Kitchen Solvers:
- Visionary business plan. You can’t afford tunnel vision. Getting the job done on-time is critical, but you need to think and plan ahead for your company to grow. That means analyzing the market, defining sales strategies, laying out funding requirements, and making legitimate financial projections for the future.Business plans are non-negotiable. That’s why Kitchen Solvers uses the KSBS, a strategically defined planning process that works in conjunction with the franchisee’s Vision Plan, to serve as a barometer for our partners’ ongoing business success.
- Refined business processes. From sales and customer service to supply chain setup, you’re going to need to develop business processes fast and efficient enough to keep clients happy and make a profit. Kitchen Solvers has been fine-tuning the Platinum Sales Process, training and support program, Pleasant Remodeling Experience since 1982.
- Vendor and contractor connections. When the job calls for special skills, extra crew members, or custom materials, you need a professional network to turn to. Developing these contacts takes time and trust.
- Cutting-edge marketing. There’s an old business saying that says “marketing is the key to monetization.” And in the Information Age, strong web assets, reputation management, and virtual marketing campaigns are crucial for success. People treat Google like the Yellow Pages, which means you’ll need to learn how to build and manage a website, ad campaign, online reputation, and social media presence. That’s why Kitchen Solvers built KBizPro, a state-of-the-art marketing platform that integrates PPC ads, branding, email marketing, SEO, social media development, reputation management, and more into a single software solution.
Setting up a kitchen remodeling business with Kitchen Solvers
Don’t let the previous section scare you away from starting your own business. There’s a better way! Learn all about the Kitchen Solvers advantage and start-up costs at http://www.kitchensolversfranchise.com.Back