Pros:
• With the right training, garage door installation is relatively easy to learn.
• Many customers will need your services throughout the year.
• The cost of materials for a garage door job is typically low compared with labor costs.
• You may be able to start the business with minimal capital.
• Your customer base is likely to remain loyal over the years, as long as you provide quality service.
Cons:
• Working in close quarters with garage doors can be dangerous and requires safety training.
• You’ll need to invest in specialized tools and shop equipment.
• You’ll need to be able to troubleshoot a variety of issues, ranging from mechanical problems with the door itself to programming issues with automatic openers.
• You may face stiff competition as there are many other garage door repair businesses available.
• It can be difficult to access hard-to-reach parts of the door in some homes.
• You may need to purchase additional insurance coverage to protect your business from liability.
• You may need to hire additional staff as your business grows.
• Weather can hamper work, making it difficult to complete jobs outdoors during severe storms or in winter months.
• Moving large and heavy garage doors without the right equipment can be dangerous.
• You will have to consider marketing costs, such as advertising and website development, to promote your business.
• You may need to offer 24/7 emergency repair services in order to stay competitive.
• If you don’t have a lot of experience with electrical wiring, you may need to outsource these jobs.
• Depending on your location, you may face additional fees or taxes that could affect your bottom line.
• You’ll need to keep up with industry trends and understand the latest garage door technologies in order to stay competitive.
• You may have to deal with difficult customers and handle their complaints.
• It can be a physically demanding job, requiring you to lift and move heavy objects for long periods of time.