Starting a Driveway Sealing Business
If you want to start a driveway sealing business, it is vital that you take a good look at the demand and potential for growth. A market study can help you in identifying the best business opportunity.
Start with a plan and follow it. From there, you can purchase equipment, lease out office space, etc.
There are many business ideas that you can choose from to earn some great profits. Try to look around to find out what the local market needs. If there is a need for driveway sealing, you can start this type of business. The good news is that you can start part time especially if you’re currently working. There are millions of building structures in the US alone and a small percentage has asphalt driveway or pavement. In a certain neighborhood, you can have lots of customers. All you have to do is reach out to them.
How to Start Your Own Driveway Sealing Business?
Spraying equipment can be expensive but if you want a cheaper alternative, you can look for simple driveway sealers. Home improvement stores or centers may be able to provide you with the needed supplies and equipment for this type of business. In this business, you will need to secure some licenses and permits to operate a legitimate business and since you’re hiring employees, you should check with IRS to get your employer identification number. You will need to decide whether you will opt for franchise or start from scratch. Decide on the business structure beforehand to get adequate capital.
The best place to shop for the needed equipment is online. There are many reputed stores that can offer the best deals. Driveway sealing is quite popular and you have a chance to earn $20 - $30 per hour. The more projects you get, the more income you’re going to earn. You will need a plan that you will follow during startup. With so many things to do, it can be very easy to overlook some important tasks. It is possible to operate the business from home if the zoning requirements are not that stiff. Still, it’s better to lease out office space where your clients can reach you with ease.
You have to decorate the office appropriately and purchase the needed supplies and equipment. Aside from that, you also need to prepare the things you need for the driveway sealing operations. Hire the needed staffs and determine the ideal salaries or benefit package for them. You have to set up the pricing of your services and since you’re just starting out, you have to charge an affordable fee. Know the procedure and the basics of carrying out this type of business. If you need additional training, don’t hesitate to take it up. Get the licenses and permits for the business. When everything is set, you can now begin with advertising.
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