Starting your own plastering company can be both an exciting and challenging time. You get to be your own boss, create your own schedule and work on projects that you’re passionate about. However, at the same time, owning a business can be stressful and demanding. You need to be prepared to face a variety of obstacles and setbacks.

In the season finale of Plastering Talk Down Under by Wallboard Tools, Leigh Ryan (our technical specialist) shares his experiences and insights on the good and bad of previously owning his own plastering company. Here are 5 key takeaways from his open discussion on the podcast:

1.  The Importance of Continuous Learning and Adaptation: Running a successful plastering business requires a commitment to ongoing learning and the ability to adapt to changing circumstances. Leigh emphasised the importance of continuously improving skills, staying updated on industry trends, and embracing new technologies and tools. By investing in professional development and staying informed about advancements in the plastering industry, you can enhance your expertise and offer high-quality services that meet or exceed client expectations. Whether it’s attending workshops, joining industry associations, or participating in training programs, embracing a mindset of lifelong learning can set you apart from competitors and position you as a trusted expert in your field. Furthermore, Leigh highlighted the need for adaptability. Construction projects often come with unexpected challenges, such as changes in plans, site conditions, or client requirements. Being open to adapting your approach, problem-solving creatively, and finding innovative solutions can help you navigate these situations successfully. By prioritising continuous learning and embracing adaptability, you can stay ahead in the industry, provide exceptional value to clients, and ensure the long-term success of your plastering business.

2. Financial Preparedness and Smart Decision-Making: Starting a business requires careful financial planning. Leigh stressed the importance of having enough initial capital to run the business effectively. He also highlighted the significance of investing in the right tools and being smarter in decision-making, rather than solely relying on effort to carry you through. As the saying goes, “Work smarter, not harder”.

3. The Power of Industry Organisations: Organizations like the AWCI (Association of Wall and Ceiling Industries) provide invaluable support to those starting their own businesses. Leigh recommends becoming a member of such organisations, as they offer knowledge, resources, and connections to help navigate the challenges of entrepreneurship. The guidance and advice they provide can be the best investment you make.

4. Allow For Flexibility in Project Timelines: Timelines and potential delays are common challenges in the construction industry. The Leigh highlighted the importance of setting realistic schedules and not overcommitting. Having backup plans, alternative options, and good substitutes in place can help mitigate issues arising from material shortages, delivery delays, or mistakes on-site.

5. The Significance of Building a Reliable Support Network: Owning a business can be both rewarding and challenging. The Leigh strongly encouraged having a strong support network, whether it’s through family, business partners, or industry organisations. A support network helps alleviate the burden of running a business, provides guidance during difficult moments, and offers valuable insights and advice. Having someone to lean on and share the load can make a significant difference in navigating the ups and downs of entrepreneurship.By leveraging a reliable support network, you can gain access to valuable resources, tap into their expertise, and find encouragement when faced with obstacles. 

   If you’re considering starting your own plastering company, or you’re already a business owner looking for inspiration and advice, this podcast episode is a must-listen. With candid insights and practical tips along with a few laughs while they’re at it, Leigh & Ray provide a valuable perspective on what it takes to succeed in this competitive industry. So tune into the Wallboard Podcast, Plastering Talk Down Under for the full conversation!