If you are thinking of starting a roofing business or wanting to bring growth to your existing company, consider the importance of writing a roofing business plan. Doing this gives you the opportunity to focus in on the goals and actions your company will need to succeed.
Why Write a Business Plan for Your Roofing Company
Writing a business plan is essential if you’re looking to get financing for your business, whether that means borrowing from a bank or having investors support your company. They appreciate knowing how your company is doing and where it’s headed before they make the decision to invest in it.
The ultimate purpose of your roofing business plan is to serve as a map that helps you reach your business goals.
But what do you need to do when writing an effective roofing business plan?
Keep It Simple
While there are essentials to include in a business plan, keeping the document as simple as possible will benefit all parties.
Aim to keep each part of your roofing business plan short and to the point. Avoid filler language or “fluff.” Your business plan is a strategy, not a story. No one wants to spend hours reading a long, boring business plan.
In addition to maintaining a short and concise business plan, keep the language you use simple and avoid jargon. Those who aren’t as educated about your industry will appreciate being able to read through your business plan without tripping over words they may not understand.
Remember Your Audience
For an effective roofing business plan, write in a way that makes it applicable to all audiences, whether that’s investors, bankers, employees, or family. This ensures that no one will get lost when reading your plan but, rather, will understand exactly where the company is and where it’s headed.
Keep Your Company’s Goals in Mind
In writing a long-term plan for your roofing business, don’t forget the short-term goals that are a part of the journey to achieving your long-term goals. Incorporating processes to achieve both short- and long-term goals into your business plan shows investors that you know success won’t happen overnight.
Get Help Writing Your Roofing Business Plan
During the startup phase, attorneys and accountants can be a great help to your roofing company. An attorney can help you navigate through the layers of paperwork involved in starting the venture. Accountants enable you to determine the financial plan and forecast needed for your business plan, two major factors investors consider when deciding whether to support your business. Accountants can also help you better understand and manage the general finances of your business even after it’s up and running.
Whether you’re starting or growing a roofing business, consider getting in touch with a business mentor. SCORE is a nonprofit organization comprised of experienced business owners and C-level executives who dedicate time to thousands of startups in all industries. With over 300 locations across the United States, it’s easy to connect with a mentor at absolutely no cost.
For more on business growth, explore How to Manage Growth Like a Pro.