The cleaning business is surprisingly one of the most profitable ventures worldwide. The reason is just obvious. As more homes and business edifices spring up, the need for cleaning services, also increase.
Janitorial services in the U.S. raked in a revenue of $ 61 billion in 2018. The figures are expected to rise this year. This makes owning a cleaning business worth the investment.
Now here are 6 things to think about when starting your own cleaning business.
- Startup Capital
Just like any other business, having your startup capital is crucial. The startup capital must include the budget for fees for business registration and renting an office. Others are buying equipment for paying workers, and advertising. The Startup capital mostly depends on your country of location. In the United States, an estimated $1000 to $2000 may be enough for a small cleaning business.
- Registering Your Business
Registering your cleaning business is the first step of making it legal to operate in the country. By now, I believe you already have a business name. There are several options when registering a startup business. You can go in either for a sole proprietorship, partnership, limited liability or corporation. Here are some types of business registration.
Aside from the general business registration, you must also register with your local tax office, the IRS. You can learn more about how to file your monthly tax here.
- Insuring Your Business
Insurance is the best way of saving yourself from liabilities in case of damages to a client’s property. If a worker accidentally breaks something while rendering services to a client, your insurance company would have to bear the cost.
It is therefore vital to have at least liability insurance. If you are new to this, you can learn more about the types of insurance for small businesses to make an informed decision.
- Acquiring Equipment
After registering your business and having it insured, you can now launch your operation. However, you need equipment and products to start. You need items including vacuum cleaners, sponge, mop, scrubbing brushes, detergents and disinfectants among others. If you have a low budget, you can start by hiring the equipment.
- Use a Business Software
The use of technology is an effective way of doing business in the modern world. You must introduce technology in your schedules, payments, and meeting clients among others. As a cleaning business, software for janitorial companies is one of the software to make running your business smoother. Using technology for some duties enable you to concentrate on the day-to-day running of your business.
Talking about technology, you can also rely on social media platforms like Facebook, Instagram, and Twitter to reach out to potential customers.
- Hiring of workers
Most entrepreneur startup their businesses working alone. As a cleaning service, you can also choose to do the same in the beginning. But as the business expands, you may need to hire other hands to help you. It is always essential to recruit committed and self-motivated personnel.
Starting a new business demands time, commitment, patience, and willpower to succeed. You must plan everything on paper before making the first move. By following the above 6 guides and others as needed, you are good to go.