With all the cabinet refacing business opportunities out there, you could have a home based business that grows in this expanding industry. You've wanted your own kitchen updated, or talked to friends and family who have put out thousands of dollars remodeling theirs. It is an industry that will expand continuously, as homes are getting older and people want a new modern look.
This business allows you work out of your house, but clients will never step foot in your house. Although you will travel to others homes, this is one of the best home based businesses available. Cabinet refacing business opportunities allow you to work from your home and not have to incur the high costs of overhead.
It is probably best to purchase a franchise in this area. They do most of the legwork for you. They have the distributors and teach you the concepts and how to perform the tasks. However, it is not impossible to start on your own in a cabinet refacing business, it just may take a little longer for you to gain all the contacts you need, and start getting a profit.
Either way the first thing you should do is go to the Small Business Administration website. You will be able to find a sample business plan to help you create a cabinet refacing business. This plan is a necessity. Not only will it help you obtain financing, but it will also ensure that you look at all aspects of the business, such as licenses, insurance, budgets, and such.
You can pay a business consultant to write your business plan, but you should do it yourself. By doing it yourself, you will ensure you have missed nothing and understand the exact amount of money and commitment needed to get this cabinet refacing business off the ground. While creating this document, remember, it is dynamic and should be reviewed at a minimum yearly.
During the creation of the cabinet refacing business plan, you should be researching distributors, or franchises. Figure out which way you are going to go, and plan accordingly. Make your business plan reflect your decision, and use it to help you consider all costs associated with opening your business.
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 the inventory until you have projects, and their distributors are in place.
With either option for the cabinet refacing business, you need to decide if you and a crew will perform the work or if you will subcontract the work out. If you think you will subcontract, call around and talk to some of the 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 the franchise may set the prices for your services, you really should call other companies that offer the same service. Cabinet refacing business opportunities are all over, and you want to stay competitive. Make sure the franchise you have purchased is not suggesting charges well-above other businesses. This step is a necessity if you are starting from the 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 the cash on hand for the start up. You could try private investors, banks, and the 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 the game.
? Copyright Randy Wilson, All Rights Reserved.
Randy has dozens of home based business articles such as best home businesses, best home businesses and best home businesses.
Airbnb cleaning service Glenview ..As a home business proprietor, you may already realize why... Read More
One of the best ways to make money in the... Read More
If you're an entrepreneur responsible for your own small business... Read More
Do you own a franchised business? Over 400,000 franchised businesses... Read More
Maximum efficiency in the cleaning industry is a key to... Read More
If you want to start a business in 2005, and... Read More
Q: I really want to start my own business, but... Read More
One of the greatest pitfalls in e-commerce is Field of... Read More
What makes a business relationship?What really makes a business relationship?... Read More
Remember the cleaning business is all about time ratio to... Read More
If you own a mobile car washing, pressure washing or... Read More
Sometimes when you run a business you feel as lonely... Read More
One of the primary concerns all small businesses have is... Read More
Small business success is very similar to learning to walk,... Read More
As a successful small business owner,you're accustomed to long hours;... Read More
Q: A friend told me that as a woman of... Read More
You may find this Newsletter a little long winded but... Read More
I meet and talk to hundreds and hundreds of business... Read More
We very much like what we see in Lubbock, TX... Read More
How do you find groups that are in need of... Read More
On June 8, 2004, the world witnessed what no one... Read More
In today's fast paced marketplace it is easy to neglect... Read More
The last time I spoke and went into a bit... Read More
Announcements can be handed out as a business cardAnnouncements can... Read More
Does your small business have a banking and credit card... Read More
efficient cleaning crew Highland Park ..If an organization lacks a mission statement, it is worthwhile... Read More
1. Don't Spend Too Much Time PlanningWhen you are entering... Read More
Achieving real success should be the goal of any good... Read More
On June 8, 2004, the world witnessed what no one... Read More
When you feel like you're always busy working on your... Read More
At one point or another, almost every business runs short... Read More
When working properly, computers enable small businesses to make big... Read More
Hi, Charles...here, Your Cap and t-shirt guy From Texas. How... Read More
1. Everyone Makes A Difference ? Despite not letting him... Read More
You are probably hard at work promoting your business (and... Read More
Looking for a place to add a Quick Lube away... Read More
Franchising Directory Sites-Paid Advertising, Lead Generation for FranchisingFranchising Directory Sites... Read More
Search Engines account for almost 90% of all web traffic!In... Read More
The FTC Franchise Rule maybe changed, as the Federal trade... Read More
If you are looking for a franchise opportunity, the choice... Read More
Each day we hear of companies entering the franchising industry.... Read More
This morning, I went to take a short walk outside.... Read More
Most new small businesses won't be in business this time... Read More
Microfiber cleaning towels have been around for about ten years... Read More
Passion. Passion alone can make your business successful. As an... Read More
As the owner or an employee of a small-to medium-sized... Read More
Entrepreneurs are hardy stock. But sometimes hardiness can get you... Read More
How far can you go based on your relationship with... Read More
Would it help you as a real estate investor to... Read More
Work smarter, not harderWhat is one of the best ways... Read More
Small Business |