5 Key Things to Know Before Starting Your Own TV Installation Business
Dec 03, 2019 12:01
With the current technology shift occurred from analog to digital in the satellite TV broadcast industry, demands for knowledgeable technicians in the installation of satellite TV has skyrocketed.
This has resulted in the growing demand for the services of technicians by both corporate clients and individuals. Some of these broadcast platforms cover satellite TV installations and satellite HDTV technology. And some include pay-TV services that require monthly or yearly cost paid to the service provider to enable for continued taking its product and services.
Tech-savvy people can take advantage of working in the field that you love and make a good amount of money as an independent satellite technician. On the other side, you can hire sub-contractors to see tremendous growth in your business. Here are five things you need to consider before starting your new business:
Get an SBCA Certification
To start your own satellite TV installation business, you need to get an SBCA certification to become an authorized satellite installation technician. SBCA (Satellite Broadcasting and Communicating Association) is an organization committed to initiating programs to foster sustainability and growth of people who want to become a satellite installation technician through member benefits, training, and skills assessment.
You can enroll in classes to learn various levels of certification. The training might last a reasonable time duration depending upon the schedule picked by the individual needed to transfer the necessary skills and expertise entirely.
Business Strategy and Necessary Tools
Of course, to start with your commercial TV installation, you need to have a plan to develop and assess strategic and tactical plans objectively. This will help you determine the risks and opportunities encountered as an outcome of your decisions. The business plan must include market segmentation, competitive analysis, consumer analysis, research and development, sales, positioning, operations, advertising, payback, and exit plan.
The initial business plan is geared towards having it develop, analyzing the market, the industry, consumers, and competitors.
The final business plan needs to have a solid business strategy. The products and services, business operations, and marketing should all tie up tightly with a business strategy.
A solid business plan should include all the essential information of key personnel and their relevant experience and operational details like office location, expected employee headcount, and special equipment.
Further, it is vital to possess all the essential tools required for proper functioning. Since tools play an important role in making work easy and efficient, the technician will be able to do more installation work in a very short period of time. This will result in more income from the increased number of work conducted.
Business Liability and Insurance Plan
The television installation business needs the owner to work in various work settings. For instance, as soon as you enter any commercial facility for installation, you will be responsible for damages to any well-fitted system while drilling holes. This is where your business liability insurance plan will shield your business if your employee causes any damage.
You also have to manage the business's finances and make the desired profits after meeting your legal procedures. Just like any business, you have to pay taxes at the end of the year.
Independent Contractor or Sub-Contractor
There are two ways to set up a satellite TV installation business:
•Work for yourself as an independent contractor or
You need to identify what type of business you want to start. An independent contractor means you will be the only one working whereas in order to grow your business; you might want to hire employees or sub-contractors.
Cost is another crucial aspect you need to keep in mind. It includes the cost of van, insurance, certification, tools, supplies, and other items that you need to spend money.
Even if you gained the skills and expertise, make sure to review the installation and operational guides come with a customer's equipment prior to installation.
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