Pressure washing is fun, and if you know every detail about pressure washers and their working, you might be in a good position to capitalize on it and earn a handsome amount from it. It is not a secret that many users do not want to purchase a pressure washer for one time job, and they prefer to hire a professional pressure washing company that can provide these services.
Starting a pressure washer business is a good idea, but you will need to do some homework before. It is important to know what you need to do before you start your business and what you need to do during the business. This article will provide you with every detail about how to start a pressure washer business and make it a success. So let’s get started.
Steps To Start A Pressure Washer Business
It is very important to plan when taking any big step, and starting a pressure washer business is a big step. You will need to categorize your task and make sure that you are going in the right direction:
Have A Trained Staff
The first step to opening a pressure washer business is to have a trained and skilled staff, depending on the volume of business you will set up. It would help if you employed skilled personnel because you might be unable to manage this huge business. Also, ensure that you have all the proper equipment for your business, including a pressure washer for all jobs, transports, safety equipment, etc.
Have A Business Plan
With a good business plan, you can analyze your business’s opportunities and threats so you can make your decision accordingly. A solid business plan can increase the chances of your business success by a significant margin. A proper business plan also attracts investors; you can get investment loans and bad clients in advance with them.
A proper business plan includes business purpose, company description and area of influence, market research with supply and demand, information about services and products, sales strategy, financial plans, and insurance policies.
Also, set your services and product prices and determine what you will provide. Make sure that you are setting the price in a similar range as your competitors because setting the price too high will not attract the clients, and setting them too low might cause the clients to think that you can not provide quality services.
Set Up Your Brand And office
The next step is to have proper ground to run your business. It includes a location of your office where you can meet with clients. Having a well-manufactured and secured warehouse or inventory is also important to store your equipment without the risk of degradation or theft.
Also, set an attractive and easy-to-remember name for your brand and make sure you design a unique logo and motto for your business. It will help you to secure deals easily.
Sort Out All Legal Formalities
It is possible to run the business as a sole proprietor, and you would not have to register it. However, registering a business enables you to access and take benefits of legal support, tax benefits, and liability protection. You can also insure your business more easily. Partnership, C corporation, S corporation, and limited liability company are some modules that fit perfectly for pressure washer business. These options have advantages and limitations, and it is necessary to choose your preferred choice wisely.
Moreover, it is also important to seek the advice of legal experts to keep yourself under the law’s protection and maximize benefits. You must consult a business lawyer for a license, permit, and insurance.
The rules might differ depending on the state, and it is important to know them. You will need a business license, bond, and sales tax registration.
Open A Separate Business Account
Make sure to open a separate business account in banks and keep the business income and assets away from your assets. By this method, you will not only be able to monitor the progress of business, but you can get insurance and benefit from other legal issues more easily.
Also, ensure an insurance and pressure washer business, including three types of insurance. You will need equipment insurance if your tools get damaged or stolen. Liability insurance protects you in the event of damages to a client’s property during work. Workers’ compensation enables you to compensate for the expenses of injuries that you or your employees suffer on the job.
Market Your Business
The next step is to market your business. Make sure to employ all the platforms and sources to market your business and offer exclusive offers so that you can easily attract the customers’ attention. Create your website on which you show complete visuals of your works and provide the clients with offers and discounts along with the cost of services. You can also use social media marketing and never forget to use offline marketing platforms such as posters and banners.
Do Not Be In Haste
Pressure washer business is a good plan, but it takes time before it becomes fruitful. You might need to wait one or two years to get the desired results in your business. The first few months in business are not about earning a profit, but your focus should be to expand the business by gaining more and more loyal customers, and the most important thing is that you should not be too hasty in that.
A pressure washer business is not a bad idea; if you plan your business wisely, you can easily earn $60,000 to $75,000 a year during your start. It can go more than $120,000 a year once you’re settled, but you must properly estimate risk and opportunities and take proper measures to capitalize on that. Also, it is important to have proper marketing of your business because it is the thing that will attract customers. Lastly, it would help if you had a proper plan for any unwanted events and must be insured to secure your business.