CoatingsPro Magazine

MAY 2015

CoatingsPro offers an in-depth look at coatings based on case studies, successful business operation, new products, industry news, and the safe and profitable use of coatings and equipment.

Issue link: https://coatingspromag.epubxp.com/i/504582

Contents of this Issue

Navigation

Page 32 of 92

32 MAY 2015 COATINGSPROMAG.COM Contractor's Corner T here are many strong business oppor tunities in the commercia l and indus- tr ia l coatings industr y today. Accord ing to the research f ir m Pr incipia, just the commercia l roof ing market a lone w i l l g row to over $5 bi l lion this year. W hether you're a residentia l contractor look ing to ma ke a sw itch or the ow ner of a f ir m who wants to ex pand your customer base w ith more commercia l or indus- tr ia l c lients, there are prospects for solid g row th potentia l. For those not fami liar w ith this market, though, the lear ning cur ve can be quite steep, and even established companies have to readapt at times to better their per for mance. Despite how developed your company is, there are some basic but important fundamentals that I've found that will ensure success. Tese principles can help you in your bid to increase your bottom line with more commercial or industrial coatings projects. Become Licensed and Insured If you're starting out, the first step is meeting certification and insurance requirements for your state. Most states require contractors to obtain a license for their particular occupa- tion. Licensing requirements differ from state to state; however, many states hold some basic requirements in common. Here are a few examples: • Minimum age of 18 years old • Evidence of completion of high school education or equivalent • Evidence of citizenship or legal residency within the United States • Documentation of other occupa- tional licenses held within your state • Company registration with your Secretary of State office • Passport-sized photo documen- tation In many states, license applicants must pass an examination that covers their occupation. Some states have additional requirements, which can include having proof of work experi- ence, providing letters of reference, giving evidence of fnancial capabil- ity to run a contracting business, or passing a criminal background check. Before making any job bids, you should also have liability and workers' compensation coverage and any other required certifcations, such as Occupational Safety and Health Administration (OSHA) safety training. Additionally, your local community may have its own requirements for commercial or industrial contracting work. Contact your local, county, or state authority should any part of your local, regional, or state requirements be unclear. Choose Products Wisely W hether you're in the beginning phase of your foray into commercial or indus- trial coatings or have an established presence, you need to be mindful about the products you use. Inferior products can hurt your business in many ways. Tey can harm your company's reputa- tion when your customers have to deal with problems stemming from product failure. Tey can also keep operating expenses high as you deal with the If you're starting out, the first step is meeting certification and insurance requirements for your state. Photo courtesy of Top Roof Marketing By Samuel Hostetler, Chief Strategist and Senior Mentor for Choice Roof Contractor Group How to Get Started or Grow in Commercial or Industrial Coatings

Articles in this issue

Links on this page

Archives of this issue

view archives of CoatingsPro Magazine - MAY 2015