Pros:
1. Low startup costs – Compared to other businesses, starting a fence company does not require significant upfront investments. Much of the equipment needed can be leased, rented or borrowed from friends or family members. This means that new fence companies do not need to worry about large outlays of capital to get started.
2. Flexible hours – Fencing companies offer the opportunity for flexible working hours, allowing entrepreneurs to work around their family or other commitments. The nature of fencing businesses also means that much of the work can be done out of normal business hours, like nights and weekends, which is perfect for those who prefer to work outside of traditional operating hours.
3. Potential for growth – Fencing businesses have the potential to become quite large, especially if they are able to secure contracts from larger fencing companies or if they offer a variety of services beyond just fencing installation and repair.
Cons:
1. Seasonal nature – Although there is the potential for growth, fencing businesses often experience significant fluctuations in demand depending on the weather and season. During the wetter winter months, orders may be slow as people are not interested in having their fences repaired or replaced.
2. Heavy equipment – Fencing companies require heavy-duty tools and equipment in order to get the job done. This can be expensive to purchase, and the cost of renting or leasing equipment may not always be covered by profits.
3. Liability – As with any business venture, there is a certain degree of risk involved in owning and operating a fence company. It is important for entrepreneurs to have proper liability insurance in place in order to protect themselves against potential lawsuits or financial losses.