Top 10 Pain Points of a Fencing Business if you don't pay attention 🤠

In this episode, Simon discusses the top 10 pain points of the fencing business. These pain points include competition, customer acquisition costs, pricing, labor shortages, material costs, weather, permits and regulations, insurance, liability, and taxes. Simon provides strategies for addressing each pain point and emphasizes the importance of staying informed, building relationships, and maintaining clear contracts and insurance coverage. By addressing these pain points, fencing businesses can improve their operations and achieve greater success. Takeaways

• Competition in the fencing industry can make it difficult to stand out and win new business. Offering superior craftsmanship, customer service, innovative solutions, networking, partnerships, and niche marketing can help reduce competitive pressure.
• Customer acquisition costs can strain resources. Fencing businesses should optimize their online presence, seek customer referrals, and engage in targeted social media advertising to lower these costs.
• Balancing competitive pricing with profitable margins requires careful market research, cost analysis, and understanding customer value perception. Offering various service tiers can cater to different customer segments.
• Skilled labor shortages can impede business growth. Fencing businesses should groom and retain talent through competitive wages, training opportunities, and a positive work environment.
• Building relationships with suppliers can help mitigate material costs. Stocking up on materials when prices are low and maintaining good relationships with suppliers can help reduce costs.
• Weather can impact fencing projects. Communicating with clients about potential weather impacts and proactive rescheduling can help preserve customer trust.
• Compliance with permits and regulations is essential. Building rapport with permit officers and staying informed about local laws can streamline the process.
• Insurance and liability are important considerations. Fencing businesses should have clear contracts, maintain comprehensive insurance coverage, and conduct regular risk assessments and safety training.
• Navigating tax obligations can be challenging. Setting aside money for taxes and seeking professional accounting support can help ensure compliance and take advantage of applicable deductions and credits.

• Top 10 Pain Points of the Fencing Business
• Mitigating Material Costs in the Fencing Industry

• "Top 10 pain points of the fencing business"
• "Competition is pretty rife out there at the moment"
• "Customer acquisition costs can strain resources"

Chapters

00:00Introduction

02:27Customer Acquisition Costs

05:51Balancing Pricing and Profit Margins

09:45Skilled Labor Shortages

13:37Mitigating Material Costs

16:01Weather Challenges

23:43Navigating Tax Obligations

26:00Conclusion