Floors are an important part of every building because they not only add value to the building, but they also make the building beautiful. Carpet, tile and other floor coverings increase visual appeal of a building. Most floor work is done by flooring contractors. If you are looking to become a floor contractor, learn tips and strategies to make the process easier.
Things You'll Need
- Flooring supplies
- State license
- Contractor insurance
- DBA license
Know your trade. Learn the various kinds of floor coverings such as carpets and tiles, their installation and maintenance, as well as how to cover imperfections with the right kind of materials. Although most of this knowledge will come from experience, some of it can be obtained through hands-on projects.
Develop necessary skills. In addition to having a high school diploma or G.E.D., flooring contractors are expected to have excellent hand-eye coordination, dexterity and a good sense of color and aesthetics. They also must be able to understand the requirements of the customer and communicate with them as and when needed. In addition, many flooring contractors take specialized training courses. For a listing of available flooring courses, visit Floor Biz.
Prepare a sound but effective business plan. When developing your business plan, include a description of your company, types of services and products offered, analysis of your target market, implementation plan, projected income and expenses, etc. This will give you a good idea about the expected capital, income and revenue of the business. For sample business plans, visit BPlans.
Take care of legal and financial aspects of owning a flooring contractor business. Some states require a flooring contractor to carry a license or permit. See National Contractors for information about state licensing requirements. See Resources for link. You may also need to obtain a business license from your state's local city hall or courthouse to legally operate your business. For instance, if you will operate as a sole proprietor and conduct business in another name than your own, you will have to apply for a “Doing Business As Certificate." Visit My Own Business for information about this. See References for link.
Obtain the proper insurance. Many states require flooring contractors to have up to a million dollars worth of insurance to meet liability costs and worker's compensation. Try to obtain the best insurance available in your area of operation. Stick to well-known insurance agencies to provide you with the necessary coverage. Some established companies are Allstate or State Farm. See References for links.
Find clients. Build long-term relationships with builders, architects and customers in order to remain successful. You can expand your business by looking out for open projects and by signing up for bids, passing out brochures, business cards and flyers, and placing ads in local papers.