If you’re thinking about starting a moving company, you’re onto something lucrative. Moving is one thing that people will always need to do, and over 20% of the people who move each year hire professional help to do so.
The question is, how do you make sure that you get off to the right start? What steps do you need to take to start a moving company?
In the end, how and when you start your moving company is up to you. However, by checking off certain steps, you can ensure a smooth and steady start for your moving company.
Read on to learn the basics of starting your own moving company.
Start With a Business Plan
Anyone looking to start a new business should begin by putting together a business plan. This is where you nail down what your business model is, what services you’ll offer, who you’ll bring onto your team, and what kind of financing you may need. This is also when you’ll look into things like financial projections, which will help you determine what kind of profits you’ll need to turn in order to grow.
Learn the In’s and Out’s of Moving
Get first-hand experience. If you want to start a moving company, it only makes sense that you’ve worked for a moving company before. While moving can seem fairly simple, there are a lot of logistics and details you need to understand.
In the end, you need to ensure that your moving company establishes a good reputation off the bat. That means that you need to know how to handle everything from packing dishes to moving large, valuable antiques without any damage or losses.
Cover Your Bases From Finding a Location to Getting Insurance
At this stage, you can start getting into the details. This includes finding a location, whether you want a brick-and-mortar office or simply a few spaces in a lot where you can park your box trucks. You will also need to insure your business, potentially invest in workers’ comp and other employee benefits, and get insurance for every box truck your business owns.
Finally, make sure that you have any business licenses and permits that you need. These will vary depending on the region you’re located in as well as any regions you are willing to move your clients to. In other words, you’ll be looking at a different set of permits if you only help with local moves than if you move clients across the country.
Starting a Moving Company Can Be Simple
Starting a moving company is a great way to make money in 2021–as long as you follow the right steps. With our basic checklist, you can get through those early stages without a hitch.
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