How to Start an Asphalt Company from Scratch
If you're interested in a business move that is as lucrative as it is rewarding, joining the asphalt paving business might be what you are looking for. Rather than just learning some skills and putting in some applications, you should look into starting an asphalt company of your own.
No matter what sort of work you are interested in doing, there are plenty of matters you need to embrace so that you can get your business off the ground.
Keep reading to learn more about starting an asphalt company that thrives and lasts for years to come.
Get to Know the Benefits of Starting an Asphalt Company
There are several advantages you'll enjoy when it comes to starting your own asphalt company.
Whether you want to build parking lots from scratch or just clean parking lots, you stand to gain a lot from entering the asphalt business. Here are a few of the major perks you'll enjoy:
1. It's a Healthy Industry on the Rise
The market is favorable when it comes to dealing in and working with asphalt. Right now, some 90 percent of parking lots are made with asphalt.
The asphalt manufacturing industry is currently valued at about $26 billion and it's consistently on the rise. When you set out to start any sort of business, you owe it to yourself to go where the opportunities are, and this will allow you to thrive and find the right opportunities.
2. People and Companies of All Types Need Asphalt Work
Another reason to get into the asphalt industry is that there is so much crossover between different businesses. No matter what kind of business you own, everyone needs a parking lot. No matter where you live, you need curbs, driveways, and patios.
Because of this, there are so many different jobs available that you can bid on, and your customer base will keep growing as a result.
3. You Will Have the Opportunity to Become Your Own Boss
Anytime that you start a business, there will be mountains of obstacles and problems that you'll need to know about. However, when you live as your own boss, problems turn into challenges that you will happily face head-on.
Today, more than 50 percent of people claim that they are unhappy and unfulfilled in their current area of employment. As you might imagine, this trickles down into dissatisfaction in other aspects of your life, to include your personal life and your physical health.
Stress will mount up if you don't feel like you have any sort of direction or control over your ability to create a living.
Becoming your own boss is one of the best ways to turn this around and take control over your destiny. By jumping into an industry that is very much in-demand, you will be able to hit the ground running and start learning the ropes.
By owning your own business, you will be able to set your own schedules, won't have to ask anyone for vacation days or time off, and can hire and work with who you choose. This allows you to have more control over the time that you spend with your family and there is no ceiling on how much money you are able to earn.
Living this lifestyle can change your life and let you know what is possible.
4. There are Several Tools to Help You Learn and Get Started
Another thing about getting into the asphalt is that you never have to feel like you are going at it alone. Companies like Action Seal will provide you with any sort of equipment and supplies you need, on top of plenty of information that will help you get rolling with your business.
There are companies that can provide you with starter packages to get your business off the ground as well. Since there are a lot of experts that can help you with details that come with starting your own asphalt business, you'll be able to avoid some of the mistakes that might also come with the territory.
5. The Potential for Leads is AMAZING
Every business lives and dies by its referrals.
Since people in all different industries and walks of life need asphalt work, the potential for leads is endless. In fact, you can upsell your customers by letting them know that they can get discounts and deals for every person that they refer to you.
This lead potential can help you earn a lot in your first year alone.
Lay the Groundwork For Your Paving Business
Now that you see why getting into the asphalt business is a great idea, you'll want to start laying the groundwork. Here are the steps that you need to follow:
1. Learn the Skillset for the Job
The most important thing you can do is build the skills that will help you to actually perform each job. Get to know the most common jobs, such as asphalt sealing, parking lot painting, oil stain removal and filling cracks and potholes.
You can take some courses that will give you hands-on experience so that you can do whatever work comes with the territory.
Most importantly, start using this hands-on experience as an opportunity to figure out what you prefer. A lot of professionals in the asphalt industry thrive by sealing driveways, and there is plenty of work available in that regard.
2. Create a Business Plan for the Company
Take the time to put together a business plan for your company as well. This includes the name and overall description of your company, an executive summary, a list of roles and responsibilities, and an overall look at the market.
You don't have to be an expert to set up a business plan – just make sure that you get a clear idea of your business and how it is supposed to be run.
3. Get a License and File Your Business Entity
It's also important to handle the legal parts of your business. Start by applying for a license in your local area and creating a business entity.
This could mean starting a Sole Proprietorship, General Partnership, Limited Liability Company (LLC) or some other type of company. You will need to establish this so that your business can get organized before opening its doors.
4. Buy the Tools and Equipment That You Need
You will need to take your time and buy whatever kinds of tools and supplies will help you with your asphalt work.
That means taking the time to buy supplies like line marking paint, mixing devices, spray systems, and surface prep materials. If you are just getting started out and don't have a whole lot of money to spend, you can buy some used or refurbished equipment at a great price.
5. Take Care of Your Insurance Needs
It's also important for you to take out a liability insurance plan for your business.
If something goes wrong, the last thing you would want is to come out of pocket to fix it, and you don't want to end up in court to handle something that can be covered by insurance. Shop around for some quality insurance plans that will cover your business for the long haul.
6. Start to Market Your Services
Do everything that you can to put the word out about your business as well.
One of the best ways to do this is by starting your own blog and simply sharing information related to asphalt work. This will hep you to grow your audience and make sure that you're garnering followers in your local and surrounding area.
You can also guest blog to start getting your content out there to the public.
Aside from blogging, it's important that you create video content and take out ad space on sites and publications that your customers follow. This can help you to grow your customer base pretty quickly.
7. Put Together a Team of Pros That Can Look After Your Company
Do everything that you can to protect your company by getting professional guidance.
You should have a lawyer that you can call upon whenever you need them, along with an accountant that can look after your finances. It might make sense to also hire professional marketing services so that you are consistently putting yourself out there and getting new followers.
Above all, make sure that you are continuously getting better and improving your company.
Start Your Asphalt Company on Your Terms
When you're starting an asphalt company, these are the points that you will need to get to know. Regardless of what sort of paving business you are thinking about starting, you'll need to develop an ironclad gameplan, and the strategies above are an excellent beginning.
This can be the opportunity of a lifetime – especially if you love working with your hands and have an interest in getting into the asphalt business.
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