Most companies, small medium
enterprises and residential homes rely entirely on generating sets. In such
climes sales and repairs of generating sets have become huge business.
The business is highly
lucrative due to a proliferation of diesel and petrol powered generators. In
Africa there are a huge number of unemployed graduates seeking white collar
jobs that are not available.
This is while there are many opportunities
in agriculture, animal husbandry,
small business ownership and technical jobs. To start a generator repair
business you need adequate training as a generator technician.
Other requirements are good entrepreneur
skills and marketing. There are many ways to develop technical knowledge and
skill. Here are a few ideas on how to start a generator repair business.
By Sgt. Dustin Roberts [Public domain], via Wikimedia Commons |
How
to become a Generator Technician
Learn
the Trade
To become a generator
technician you need to learn the trade. The common practice among low income
demography in Nigeria is to become an apprentice.
They serve the technician
for a specified period not exceeding 2 years. Other ways include online
courses, tutorials, and technical workshops. There are many technical schools
and collages that offer certificate courses.
Ways to become a generation Technician
- Become an Apprentice
- Purchase online Courses
- Read Tutorials
- Attend Technical Workshops
- Study at Technical school or College
- Get a University Degree in Engineering
Conduct
a Survey
Conduct a survey of your
locality including a feasibility study. You also need a generator repair business
plan and market research. Locate the business in areas of very power electrical
supply. With massive demand for generators in countries like Nigeria your
business will thrive.
Where
to Locate the Repair Shop
Locate your generators shop
in a densely populated area. Best locations are in low income and middle-class
areas. Make sure your repair shop is in a residential area. The shop should
have a secure storage area for generating sets and tools.
Register
the Generator Repair Business
Most repair shops are one
man businesses with only a technician and trainees. Register the business with
the corporate affairs commission as a sole proprietorship business. You need a
tax identification number and trade license.
The
Job Description
Generator repairers perform different kinds of services.They check the electrical system, components, motor and carry
out general maintenance.
Other functions include
stocking generator components, carry out testing, generator inspection. They
check fuses, circuit breakers, used oil analysis and the generators
main connections. Generator repair technicians do lots of out calls and onsite maintenance.
Equipment
Purchase the tools for the
trade such as circuit breakers, spanners, volt-ammeters, bolts and nuts. Other
equipment's are carburetors, spark plugs, cables, spanners and pliers. Usually
after trouble shooting the repairer purchases the part that needs changing.
Funding
the Enterprise
Funds are needed to rent a
small shop, purchase equipment, training and marketing. Try target savings or
approach friends and family.
Startup costs are moderate
for small repair shops. Other sources for funds are association loans or
micro-finance loans.
Join
an Association
Although joining an
association should be at your discretion. There are a few associations that are
forceful and aggressive when recruiting members. To avoid unnecessary hassles
find out about associations and groups in your area.
Marketing
A good place to advertise
your business is through online classified websites. Such websites offer both
free and paid advertisement slots.
Use traditional methods such
as printing flyers, banners, business cards and signage boards. Majority of
your customers will come through referrals.
Make sure you offer good
quality jobs to leverage on recommendations and referrals. Although your target
market is local residents servicing company generators is profitable.
You can build a website or
blog targeted to your community. Websites are an effective way to get new
customers.
Add
a Side Business
Since you are a generator
expert why not sell new and used generators. The side business will guarantee
regular income and better profit margins. Source your generators from
wholesalers, flee markets and customers.
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