Oct 14thDiversify

Diversify your business. Part 3 of “Ideas to Grow Your Business.”

Are you ready to take your business to the next level? No matter what your business specialty is, you may be looking into new ways to create revenue. From contractors to entrepreneurs, HMI has helped small businesses across the world expand into new markets and increase their revenue stream.   Diversifying your business is a big step for every small business to make, but reward can be very gratifying.

There are couple things to take in account when adding or expanding your business services.

Do your research. Make sure you acquire knowledge of what type of business you are expanding into. As well it is important to have stability in your business when branching out into new directions.  Know your target market area and take in account of new travel destinations.

We offer you the option of polyurethane concrete raising and mudjacking equipment and materials. Whether you choose between the two or both, we are available to answer any questions you may have about our business operations and equipment. We offer multiple business packages to suit your budget and your specific needs.

Preparation and patience.  Change can be exciting and frightening for some, and that is why to prepare your staff for your upcoming opportunity in this new market. Make sure that your staff has acquired the proper knowledge in your new service, so they can proceed with the expertise that you have developed. Your new service may be booming at first or it may take a little while to get the ball rolling. Get the word out about your business and try to presell your service to find what your market will be.

At our 2 day training classes we cover hands on training with our equipment and business operations. This opportunity allows you to give your new service a test drive.  Become an expert in the concrete raising industry before you make the leap.

Be open to advice. It’s not a bad idea to seek the advice from others with your new concrete raising service. There may be ideas out there you have overlooked or just didn’t think of. It’s easy to talk yourself into something, but some outside feedback can be an eye opening experience.  The best way to get the knowledge you need is to start with a 2 day HMI training seminar.

  A few questions to ask of any business/service diversification:

1. How much does it cost?

2.  How much will it make?

3. How hard will this be to add to my current business?

How does HMI answer those questions:

1.  $30-50K

2.  Potential 60-75% profit margins

3.  With our experience in the industry, HMI offers training, onsite technicians and support, expanding to offer concrete raising is easy with HMI.

If you’re thinking about expanding into the concrete raising business give us a call 1-800-626-2464. We will answer any questions you have about the business. Whether your questions pertain to polyurethane concrete raising, mudjacking, marketing or business operations, we are here to answer them.

Diversifying your business is a big step and we are here to help and support you through this opportunity. We are a manufacturer and a contractor who have seen both sides of the spectrum when it comes to concrete raising.