According to the Wall Street Journal, over 100,000 new small businesses are opened every year. Many workers are growing tired of toiling day after day to make someone else’s dreams come true. With independent contractors and freelancers taking over the world of commerce, it might be time to think about starting your own private enterprise.
Landscaping businesses can be as lucrative as they are rewarding. With busy schedules, there is a growing demand for companies to come in and take care of people’s property. Give your creative green thumb an outlet to thrive while creating and maintaining some beautiful landscapes.
From a simple mowing business to more complex landscape design, the choice is yours. Take advantage of the tools of your trade including creative landscape design software to help you make your clients’ dreams come true.
As with any new venture, it’s always best to start with a plan. Opening your own business can be a challenge, so having a picture of what you want to accomplish and how you will do it is the best place to start.
Make A Business Plan
If you have no experience running your own business, you will need to start by doing your homework. To bring in interest for financing, you will need to create a comprehensive business plan to present to lenders. There are many online tools that can help you with a business plan template to get you prepared.
It’s a good idea to consult with an accountant to get advice about setting up your bookkeeping system and taxes before you get started.
Set Your Pricing
The best place to start when deciding what your fees will be is to investigate your direct competition. You may be able to cut some corners when you are just starting out, as your overhead will be slightly lower than the more established companies. Consider your time invested, cost of materials, labor, equipment and tools, and your overhead costs before calculating your best price.
Every state will have different licensing requirements. In a landscaping business you may need to obtain special certification to use chemicals and fertilizers. You should also check your local bylaws regarding waste management and local irrigation.
You will be required to sit for the Landscape Architect Registration Exam before you will be issued an official business license. The exam will cover the basics of land management, maintenance and safety. You can write the exam for a one-time cost of $150.
Consult your accountant about setting up a EIN (Employer Identification Number) that will connect you to the IRS. Visit the IRS website and fill out the standard SS-4 forms to receive your State Tax I.D. number.
Start by advertising locally and pick up a few of your first clients by offering services to your neighbors and family. Take advantage of the incredible reach that social media can offer by establishing a company website and a dedicated page on Facebook or an Instagram account.
Create a portfolio of your past work as you gain more experience. Being able to display examples of your work directly to your clients can show them that you have great experience as well as talent.
With a small landscaping business you may start out as an independent contractor, but with luck you may soon have to hire extra staff to keep up with the demand. To protect your business, you should always have a rigid interviewing and hiring process. Check references and past experience before making any hasty decisions. You should expect to provide training for all of your new employees.