4 answers
Daven
Student
Troutdale, Oregon
5
Questions
Asked
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how can you make your own welding company ?
what steps should i take to start my own company?/
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4 answers
Ben Stenquist
Business Strategy
1
Answer
Salt Lake City, Utah
Updated
Ben’s Answer
With a Master's degree in Business Administration and previous experience in launching my own company, I'm here to guide you through the exciting journey of starting your own business. Although I'm not an expert in the welding field, I can offer you some general advice about setting up a company. Remember, launching a business is both a challenging and rewarding endeavor.
Here's a simple roadmap to get you started:
1. Start by mastering the art of welding. Having the necessary skills and experience is crucial to attract customers. You could consider attending a trade school, learning from experienced welders in your circle of friends/family, or even landing an entry-level job in the field. You might also want to look into specific welding certifications to boost your credibility.
2. Once you've honed your skills, it's time to invest in your own welding equipment. The knowledge you gain while learning the trade will guide you in identifying the essential tools you'll need.
3. Now, it's time to test the waters. Register on platforms like Thumbtack where you can offer your services for specific projects at an hourly rate. This is a great way to gauge if people are willing to hire you.
4. If you start getting business from platforms like Thumbtack, it's time to formalize your venture. Register your business with your state using services like LegalZoom that simplify the process. Typically, small businesses are set up as Limited Liability Companies (LLCs). In the welding industry, you might need specific permits or business licenses, so make sure to check with your state authorities.
5. As your business grows and you find yourself unable to handle all the work, consider expanding. This could involve hiring more employees, implementing business accounting software, crafting a marketing strategy, and securing a loan for financing the expansion.
Remember, every successful business started small. With persistence, hard work, and the right guidance, you're on your way to building a thriving welding company. Good luck!
Here's a simple roadmap to get you started:
1. Start by mastering the art of welding. Having the necessary skills and experience is crucial to attract customers. You could consider attending a trade school, learning from experienced welders in your circle of friends/family, or even landing an entry-level job in the field. You might also want to look into specific welding certifications to boost your credibility.
2. Once you've honed your skills, it's time to invest in your own welding equipment. The knowledge you gain while learning the trade will guide you in identifying the essential tools you'll need.
3. Now, it's time to test the waters. Register on platforms like Thumbtack where you can offer your services for specific projects at an hourly rate. This is a great way to gauge if people are willing to hire you.
4. If you start getting business from platforms like Thumbtack, it's time to formalize your venture. Register your business with your state using services like LegalZoom that simplify the process. Typically, small businesses are set up as Limited Liability Companies (LLCs). In the welding industry, you might need specific permits or business licenses, so make sure to check with your state authorities.
5. As your business grows and you find yourself unable to handle all the work, consider expanding. This could involve hiring more employees, implementing business accounting software, crafting a marketing strategy, and securing a loan for financing the expansion.
Remember, every successful business started small. With persistence, hard work, and the right guidance, you're on your way to building a thriving welding company. Good luck!
Matthew Birnbaum
Pricing
4
Answers
Boston, Massachusetts
Updated
Matthew’s Answer
Hello Daven,
Here's a simplified 10-step guide to kick-start your welding business:
1. Acquiring Knowledge and Credentials: First, you need to master welding skills and earn the necessary certifications.
2. Crafting a Business Plan: Develop a comprehensive plan that includes your services, target audience, and financial projections.
3. Setting up Legal Structure and Registration: Decide on your business structure and register it with the Oregon Secretary of State.
4. Securing Licenses and Permits: Get all the licenses and permits required by your local government.
5. Getting Insured and Bonded: Ensure your business with the necessary insurance policies, including liability and workers' compensation.
6. Ensuring Safety and Compliance: Follow all Oregon OSHA and environmental guidelines to maintain a safe workspace.
7. Procuring Equipment and Supplies: Buy all the welding tools, safety equipment, and other supplies you'll need.
8. Staffing and Training: Hire proficient welders and impart them with the necessary training.
9. Marketing and Networking: Build an online presence, connect with potential customers, and advertise your services.
10. Managing Finances: Implement a bookkeeping system, track your expenses, and manage your finances efficiently.
Best wishes on your path to becoming a professional welder and successfully operating your own welding business!
Here's a simplified 10-step guide to kick-start your welding business:
1. Acquiring Knowledge and Credentials: First, you need to master welding skills and earn the necessary certifications.
2. Crafting a Business Plan: Develop a comprehensive plan that includes your services, target audience, and financial projections.
3. Setting up Legal Structure and Registration: Decide on your business structure and register it with the Oregon Secretary of State.
4. Securing Licenses and Permits: Get all the licenses and permits required by your local government.
5. Getting Insured and Bonded: Ensure your business with the necessary insurance policies, including liability and workers' compensation.
6. Ensuring Safety and Compliance: Follow all Oregon OSHA and environmental guidelines to maintain a safe workspace.
7. Procuring Equipment and Supplies: Buy all the welding tools, safety equipment, and other supplies you'll need.
8. Staffing and Training: Hire proficient welders and impart them with the necessary training.
9. Marketing and Networking: Build an online presence, connect with potential customers, and advertise your services.
10. Managing Finances: Implement a bookkeeping system, track your expenses, and manage your finances efficiently.
Best wishes on your path to becoming a professional welder and successfully operating your own welding business!
Laquitta DeMerchant
Account Partner
18
Answers
Houston, Texas
Updated
Laquitta’s Answer
How to Start a Welding Business
Write a business plan.
Choose a business structure.
Create a business name.
Register your business and open a bank account.
Determine your business costs.
Purchase equipment for your welding business.
Market your welding business.
Source: https://www.zenbusiness.com/start-welding-business/
Write a business plan.
Choose a business structure.
Create a business name.
Register your business and open a bank account.
Determine your business costs.
Purchase equipment for your welding business.
Market your welding business.
Source: https://www.zenbusiness.com/start-welding-business/
Katherine Avery
Run a music studio and teach private music lessons; teach college-level religion classes
222
Answers
Spanish Fork, Utah
Updated
Katherine’s Answer
Hi Daven,
You might find it helpful to check out books like EntreLeadership by Dave Ramsey, From Paycheck to Purpose and The Proximity Principle by Ken Coleman, or this workbook (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng) in order to get ideas for what steps you'd like to take next to get you closer to your goal over time.
You might find it helpful to check out books like EntreLeadership by Dave Ramsey, From Paycheck to Purpose and The Proximity Principle by Ken Coleman, or this workbook (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng) in order to get ideas for what steps you'd like to take next to get you closer to your goal over time.