Starting a Skid Steer Business
If you’re interested in the construction industry, you can open a skid steer business. This is a piece of equipment that is a part of most construction jobs. Decide on the models that you want to purchase and shop around for the trailer/truck.
Secure the licenses, certificates, and permits prior to opening.
In construction jobs, certain equipments are very important and one of the skid steer loader. This is versatile equipment that is necessary in almost any construction project. Why don’t you start purchasing your own skid steer and have it rented out in your area? Like any other business, it is vital that you begin with a plan. Without it, you can easily get lost in the maze of the industry. You should be prepared since this business will require a huge sum for the capital. You see, aside from the skid steer, you also need to get a trailer and a truck.
How to Start Your Own Skid Steer Business?
A comprehensive business plan will allow you to secure funding if your capital is insufficient. You can check with SBA to find out more about small business loans. It is possible to incur liabilities in the future, so you need to purchase liability insurance. Decide on business structure. If you opt of sole ownership, you will shoulder all capital, costs, and liabilities. If you don’t have enough money, you can consider starting a partnership or proceed with incorporation. Make sure that you look into the advantages and disadvantages of each structure before making a decision.
You can consult with an experienced lawyer to help you in making the right decision. The next step is to shop around for the right skid steer. Look into the different models available in the market. You can find local and online equipment dealers; check with these dealers and gather substantial information about the loaders. It’s quite common to encounter flat tires when operating the skid steer and so a great option would be to get foam injected models. After finding the loader, you will now look for the right trailer. Make sure that it can bear the weight of the skid steer. This equipment can weight more than 3,000 lbs and so you will need to get a truck and trailer that is capable of towing it.
Some models of the skid steer have interchangeable attachments. For instance, the moving blade can be substituted with rock hammers, sweeper attachments, and tree stump shredder. Pick a niche where you can focus the business. Advertisement is very important but you must begin with this aspect once you’ve secured the needed permits, licenses, or certifications. You can place an advertisement in the local paper and in the Yellow Pages. Find clienteles. It would help if you meet with contractors and subcontractors in your area. Make sure that you have the needed capital for startup.
- I would like to purchase a skidsteer (I have already seen the one I want) and start a little plant hire company, but am unsure on how to start up. Any advise is appreciated. Thanks
- Pagosa Springs, Colorado
- I would like to start a track steer forestry management company and would like information on creating a business plan to help attract potential investors and/or financial backers.
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