Service-based businesses like window glass repair businesses are not easily scalable. But that hardly means scaling a window glass repair business is not possible. Having a service business requires you to have a long-term relationship with your clients and monitoring performance from time to time. Making their clients stay satisfied is one of the most important aspects for the survival of a service business.
If you are starting window business, here are some signs that can indicate your glass repair business is scalable.
- Are You Experiencing Repeatable Sales?
Starting a window business is prone to highs and lows. One time you have an unexpectedly high profit, and the next time, you will be wondering about the survival of your business. Having profits certainly means your service is doing well, but the profit in number is important for estimating the revenue further. A smart analysis will help turn these numbers into predicting future profits and stability of the business.
With a strong grasp of your business model and the quality of service you provide, you might be able to have a reasonable forecast for next 5 years. As the risk accompanies a service business, it is always better to expect the worst even while working for the best. If the ratio between your best and worst outcomes is negligible by your company’s standards, it is perhaps not as risky for you to scale your business.
- Are Your Forced To Turn Down Business Or Clients?
Starting window business means you thrive on the client base and focus on networking opportunities. For income and expansion, a small business focus on accepting every client that comes for their services. But as your client base keeps growing, the current size of the workforce and materials and overall service capacity of your business will fall short.
At this point, you will be forced to turn down some of your clients. If you are turning down clients often and for a long time, it is one of the signs that it is time to scale your business. In such a case, it is sometimes avoidable whether your business is stable or not because, with new opportunities, it is also time for you to set new goals and work towards stability.
- Are You Already Outdoing Your Previously Set Goals?
Business goals are set based on years of data and proven records, which are not available in an emerging business. But even though personal data is nil, you can still borrow statistics. Sometimes, it is possible that you will not reach this goal the way you expected, or your plan might not be the one that has taken you to your goals, you can still reach or go beyond these goals because of your business’ success.
Glass repair businesses like Window Medics have reached and surpassed their previously set goals and became the fastest growing business in the industry. For them, starting franchising was a reasonable way to scale their business.
- Do You Have A Reliable Service System And Infrastructure?
Starting window business will require you to trust your team of employees on a standard level. Employees in a small business cannot be driven by their need for cash but by their passion for working and personal growth. Without having employees who are focused on the vision and mission of your business or their personal growth in the industry, there are high chances that they will not stick to the company’s service system or strategy to make it big one day.
You will know whether your team is ready for the big opportunities that come with scaling when they will be excited about the opportunities and growth more than the profits.
At the same time, it is also important to focus on the service system. Does your service system meet the industry standard? Are your customers happy about how you operate your business, or do you need to change a few of your ways? Before you start providing services to a larger client base, make sure your existing client base is happy and satisfied.
- Are you jumping in risk deliberately?
No business is without risk, but it is easy to avoid risk if you are moving thoughtfully and skillfully. Scaling your business shouldn’t be a hasty task or shouldn’t be done to gain more profit. Scaling is about waiting and performing when you get a signal. It is important to know that just because you have achieved few goals at the beginning doesn’t mean you can set goals that you have no reasonable plan to reach.
As a businessman, it is your priority to minimize risk and take action when the risk is low.