You’re a great fencer, a skilled crafter. But does that experience translate into a successful fencing business? When you become a business owner, you take on the role of finance, marketing, people management, and so much more.
This lack of knowledge is very telling when backed with statistics.
Evaluate Your Fencing Business
If you’re not prepared or are unacquainted with basic business principles, there is a good chance that your business will struggle. Unfortunately, according to the US Department of Commerce, construction and contracting businesses have the highest failure rate of any business. Up to 96% of these companies fail before reaching 10 years in business.
So what will make your business part of that 4%? Ideally, it's a grasp of fundamentals before you start your business. But even established companies can still course correct for success.
Basic Business Fundamentals
We consulted with four recognized fencing experts (Tony Thornton, Joe Everest, David Gatto and Sam Natello) to isolate and solve the problems they see over and over, and their advice on how to solve them.
If you can’t answer the question “What is a P&L statement,” download our new eBook. 5 Mistakes That Can Sink Your Fencing Business. In it you will receive a solid grounding in topics like financials, marketing and other blunders that you should master:
- An overview of what you need to run the financial side of your business
- Marketing 101
- Technology refreshes
- Handling debt in a responsible manner to grow your business
- Letting go of field work - at least for the most part
In addition, you’ll receive links to helpful resources that can deepen your knowledge.
ArcSite: A Fencing Business’s Best Friend
We gathered this information to help you form the foundation of your fencing business, whether you’re just starting out, or you own an existing business.
ArcSite helps you:
- Close deals faster, leading to a healthier bottom line
- Create accurate material lists to reduce expensive waste
- Capture the details of each job, from estimate to accepted proposal
Read our free eBook now to learn more about running a successful fencing business, and what you can do today to level up your basic business knowledge.