Remodeling Business Plan
No matter how beautiful a building design is, there will always come a time that the owners of that building will decide to have it remodeled, not because it is bad or ugly, but it is just a human nature to be always changing, to always look for something fresh, something new. If you are a remodeler – a remodeling business agent, you will likely have a good chance of getting a lot of clients.
Remodeling Contractor
There is a niche in remodeling business transaction that is more frequent than the others, and that is the remodeling business in interior designing. And that probably will get you to the busy world of remodeling. Imagine how many boutiques are there in a mall. There are restaurants, there are cinemas, there are staff offices, and there is the whole building itself. In short, this is big business. This is money. If, and that is a big if, you can propose to them with a business plan.
In this article, let us use architectural design to demonstrate our purpose here. The word remodel can be understood to mean remodel a business. But remodeling a house, office design is the easiest way to demonstrate the point.
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Preliminary Steps to a Business Plan
Client Connection
They say, a business plan is a “documented set of business goals, objectives, target market information and financial forecasts that you are aiming to achieve over a certain period of time.” This is only attainable when you can reach out to the audience, to the prospective clients. But getting connected to the clients should be part of the whole business plan. That should be the start of it. That is an unwritten section of the business plan – establishing connection with the clients.
Prioritization
Now, you have a rough idea of who these prospective clients are. You need to look for clients whose place, boutiques, office, needs some restoration, modification. You need to prioritize these business establishments. Imagine yourself as a doctor, and these are your patients. Your patients, your clients are the ones that needs your service, not the healthy ones, and not the newly build, decorated places.
Remodeling Building Business
Familiarization
So you have your target already. You have found your prospective clients. Your next step is to zoom in your lens, to get closer to the subject, to get familiar with these prospective clients. remember, your selling point is that you can make ugly beautiful. You need to check the following:
- The kind of business establishment or institution. Like a doctor, you make sick people healthy. You need to check what is it that these establishment needs help.
- The kind of clients. What do you think these clients are looking for. What do they want? Do they want to have a clean office? Do they want to make their rooms look like new ones.
- The kind of operators or owners. You also need to know who their clients are. Who are their frequenter.
Note Down
This is the stage where you need to tabulate your clients’ strengths and weakness. You have not made a business plan yet. But making notes is very useful when you intend to make a business plan. This is your draft to making a business plan.
Proposal
Now you already have a rough idea on which office, place to remodel. Your next step is to make a proposal. And your proposal may already include an abstract of your business plan. The proposal is somehow the serious of them all before making a business plan. This is where you ask from your clients to be considered in your business plan. This is where you introduce yourself either as a document or in person.
So now you have the proposal, what should your business plan be like? What is a business plan?
Planning and Managing Construction Renovation Project
Business Plan
A business plan, they say “is a written document that describes in detail how a business, usually a new one, is going to achieve its goals, or a written document that describes your core business objectives and how you plan to achieve them over a set period of time.”
In a remodeling business plan, your goal is to demonstrate to the clients (as well as your self, if you are to remodel your own) that you can improve the current situation.
Business-like Problematization
Before starting your business plan, you probably will start with some questions in your head, such as:
- How will I be able to change the current situation?
- What solution will I give to the current problem?
- Do I have the best program to beautify a place, to improve a business, to solve team problem?
- Will I be able to do it in time?
- Will I be able to provide what my client is looking for?
Remodeling Start up
Steps in Making a Business Plan
Research, research, research. Any plan requires a lot of research. Even your plan to go to another country, that requires research. We made mentioned earlier, you need to study, research, be familiar with the subject that you want to do something about. In an exam, if you want to pass, all you do is study and research. The same case with a business plan.
Determine the purpose of your plan. You do need to do a lot of research because you want to know what you want to do, you want to be clear with your purpose, you want to visualize what needs to be done. You need to know what you want to offer to your client. And you also need your client to know what you can offer to them. They need to know your plans.
Create a company profile. But they also need to know you what you are as a businessman, or as a company. So make a profile about you as a remodeler.
Document all aspects of your business. That includes the projects you have done. This will strengthen your credibility as a remodeler. Show to the clients how you have transformed one thing to another for the good of the company.
Have a strategic marketing plan in place. The marketing plan will define in specific details on how you will realize you whole business plan. This is how you state your proposal. And this is how you specify your action. This is where your blueprint is for remodeling an institution.
Make it adaptable based on your audience. Your plans may be good, and impressive, but are they realistic? Here, you consider the cost, the time table, the people involved. How much will it cost for the whole business plan to realize? Is the time table practical? How many people does it require to re organize the team.
Explain why you care. It is a good thing to admit that you are doing this for money. But for the clients, they would love to imagine that you are doing the project because you care, that it is your passion. Let them feel that you love what you are doing, that you love to be of help to others.
Kinds of Remodeling Business
There are many kinds of remodeling. Earlier, we made use of the physical remodeling, that is remodeling of a building’s interior design.
Physical Interior Remodeling. This is an interior remodeling, that is basically the job of an Interior Designer. The job is simple but it requires creativity. You need to be able to transcend in the world of beauty, without compromising the practical and functional aspects of designing.
Structural Building Remodeling. Like in a physical interior building only this is an engineering aspect of remodeling. This is usually done by an Architect, with an Engineer.
Staff or Personnel Remodeling.It is a remodeling of the team, a restructuring of the members. This is done when something is wrong with how the business is done, and there might be a need to reorient the members of the company. There is a preventive way of doing this, and that is team building.
Why use an Interior Designer for Remodeling?
Unlike architects and engineers, and including the building owner, interior designers focus less about everything. In short they can focus on not so many things, and with only one thing in mind, designing the interior of a building. An architect may focus bigger things of the building, from the inside and outside of the building, as well as it design in general. An engineer may focus too much on the planning, the calculation of plans, and all kinds of mathematics. And the owner may have the best ideas for everything, but he may not be able to put it in actuality. That is where you need an interior designer.
An interior designer will try to understand what is in your head, what you want to show in your building, office. He can bring what it is that you want to portray in a room.
And all this he can do artistically. Because there is nothing too much technical about interior designing, he can do anything about it artistically as per the client requires, or suggested.
- Avoid the costs of moving. Instead of building a new one, why not renovate an old one. The old saying goes, why fix if ain’t broke. In a remodeling, you do not actually fix something, you just make something beautiful. There may be changes, but it is more of a superficial change. Something new for the eyes to see. If ain’t broke, why make a new one. How about a little cleaning, polishing, “rejuvenating” of your house instead of making a new one.
- Enhance the returns on an investment property. If you are a business – minded person, you will always think of your unit as an investment. And you can do this by making it look good.
- Increase your property’s value. If your building looks good, chances are, it will retain its value when appraised. And it is a matter of maintenance. If you neglect it, it will rot. If you maintain it, you can demand a higher resale price. If you like, you can hire an interior designer. An interior designer can make something cheap look expensive. And that is always part of a marketing. To make something look great, at the eye level.
- Achieve a higher sale price for your property. This is only possible if you can maintain your unit, plus some regular care from the owner.
- Restore a character home. Or if you want to change mood, your best option is to renovate, remodel.
- Make your home more eco-friendly. You do not just maintain your home, you make an update. Updating your home means to be sensitive with the things around it
There are some other kinds of remodeling. When you decide to make some changes of yourself, either physically (that is done by work out) or spiritually, when you improve and change how you make relationship with the Supreme Being. Whatever remodeling you are into, having a business plan will make the job simpler. It will make it easier for you to realize your goals. You can visualize it. But also, if you have a team, the members of the team will be able to know what they need to do. You can prioritize things according to what the business plan has indicated.
Remodeling a building or its interior is a good example of a remodeling because it is a very physical example. You can always expect to see a physical change. But remodeling does not always have to be a physical one, just like the remodeling of the personnel and staff in a company. The change of oneself from a normal to a better person is also a remodeling. But the keyword is always to use a business plan. No matter how you remodel something if it is not part of a bigger plan, if it has not business plan, and if it is not intended for business, the remodeling may just become a waste.
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