1) Be certain you enjoy the work. You are going to be devoting a lot of time and energy to starting your new pressure washing business and building it into a successful venture, so it's vital that you truly enjoy the work. Whether you'll be doing the physical labor yourself or just running the business end of the company, you better be sure you enjoy it or you'll be burned out before you even get started.
2) Have your personal finances in check. Starting a new power washing business can be tough. Being realistic in your expectations means you should not expect to make a profit for awhile. Starting your new business while your personal finances aren't quite up to par will only put an extra strain on you and the new power wash company.
3) Don't do it alone. It's imperative and usually overlooked, that you have a support system while you're starting a business (and afterwards). A family member or friend can be someone to bounce ideas off but be sure they give you positive feedback; some people will actually drag you down and tell you that you're idea is crazy. Find a successful business owner that can serve as a mentor, someone whom has what you want. Talk with other contractors in the pressure washing industry for support.
4) Get some customers first. Don't wait until you've officially started your business to start looking for customers, because your business won't survive without them. Do the networking, make the contacts, sell, or even volunteer your services just to get things rolling and to give you some practice. You can't start marketing too soon. The phone is not going to start ringing just because you bought $10,000 worth of power wash equipment.
5) Write a business plan. The main reason for writing a business plan first is that it can help you to avoid wasting your time and money on starting a business that will NOT succeed. Your business plan should contain your company's purpose, goals, budgets, projected income, customer demographics, market analysis, advertising and marketing plans.
6) Do extensive research. You'll do a lot of research while writing a business plan, but that's just a start. Unless you are already an expert, you need to become one in the pressure washing industry, cleaning products, equipment, services as well as the techniques and methods for doing the work. Joining related message boards, forums, and attending networking events are great ideas.
7) Hire professional help. Moreover, just because you run a small business, does not mean you have to be an expert on everything. If you're not good at accounting or bookkeeping, hire one (or both). As a new pressure washing contractor you'll be tempted to wear many hats but you'll waste more time and money in the long run by trying to do things yourself that you're not qualified to do.
8) Have some capitol lined up. Save up if you have to or approach potential investors and lenders. Figure out your financial safety net plan. Don't expect to start a professional pressure washing company on a shoe string budget. Fly by night companies do this all the time and that's why they are gone as fast as they came. To do this professionally you have to look professional, and that will cost some money initially.
9) Be professional from the get-go. Everything about you and the way you do business needs to give people the perception that you are a professional contractor running a serious pressure washing service. That means getting all the trimmings such as professional business cards, a business phone, a professionally designed logo, matching paper work, lettered vehicle, insurance, and treating people in a professional, courteous manner.
10) Get the legal and tax issues right the first time. It's much more difficult and expensive to detangle a mess afterwards. Register your company with your State. Find out about licensing. Make sure you have the proper amount of general liability, commercial auto, and workmen's compensation insurance. How will the entity of your business affect your income tax situation? Consult with an accountant or lawyer as to what business formation you should set up. Learn what your legal and tax responsibilities are before you start your pressure washing business and operate within the law.
Starting Pressure Washing Business
You can make $450 dollars or more for simply pressure washing a home. On average it takes 4-6 hours of work to finish pressure washing a residential home around 2000 square feet. That comes to on average $75 dollars an hour just for doing residential work. The commercial work is even more lucrative. In rich neighborhoods it is often acceptable to charge higher prices per home.
There is low overhead when operating your own power washing business. The maintenance costs required for operating a pressure washer is typically low and insurance costs are not high when compared to other small businesses. Compared to owing a brick and mortar store, the pressure washing business costs and overhead doesn't even compare. You don't need to maintain a store or pay expensive monthly rental fees. The main monthly costs for a pressure washing business are insurance, marketing costs, and equipment maintenance.
The pressure washing business isn't as competitive as many other small businesses. For example if you compare the pressure washing business with the landscaping business you will find far greater competition in the landscaping business. To verify this look in your newspaper for landscaping business ads and then check for pressure washing business ads. Chances are you will find less competition.
The startup costs for a pressure washing business are lower than most other small businesses. You don't need to invest $10,000 dollars to get started in the power washing business. A lower investment means less risk in case your business fails or the market isn't as good as you expected. Many people fall into the trap of believing they need the best, most expensive equipment on the market in order to run a successful power washing business. The truth is you can run a successful business and be highly efficient by using average or used equipment provided the equipment operates properly.
The pressure washing business allows repeat business. Clients you do work for will often as you to come back in 3-6 months if you do a good job. Also there will always be work available. Mold, Algae, and dirt are never going away. There will always be another residential or commercial building that needs to be pressure washed regardless of your competition.
Both Shane Hester & are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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Bank Account After Death I process over 75 of my transactions on my personal merchant account. Good Luck with your Business,Brent Crouch