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Open a daycare center if you love working with kids and want to lend a hand to busy parents with a lot to do. Childcare centers can be profitable and are increasing in demand. Not only will you be caring for children, but you will joining an increasingly lucrative industry in the U.S. According to [...] The post How to Open a Day Care Center: Step by Step Business Plan appeared first on...
Open a daycare center if you love working with kids and want to lend a hand to busy parents with a lot to do. Childcare centers can be profitable and are increasing in demand.
Not only will you be caring for children, but you will joining an increasingly lucrative industry in the U.S. According to Sageworks Analyst, Kevin Abbas, the day-care industry is seeing higher profit margins each year.
“As the economy continues to improve and more people head back to work, the demand for childcare services increases, which also allows providers the ability to raise prices and pad their margins,” he writes. Now is your time to get started profiting from you own day care center.
2019 data from Market Watch shows that the global market for child day-care services “is expected to grow from $339 billion in 2018 to $520 billion in 2022 at a CAGR of around 11%.” That’s an astonishing and highly attractive growth rate.
If you want to get a foothold in this market you’ll need to know what the business consists of and what your work day will look like. Once this information is clear, you can start working on your business plan right away! Keep reading for the next steps to take.
When you open up your own childcare center, a large portion of your day will go towards caring for children. According to Shelley Frost at Chron, the type of care depends on what the children’s ages are and your daily routine will vary accordingly.
Frost writes that typically, you will be in charge of “changing diapers, potty training, helping the kids eat, putting them down for naps and comforting the children.” You might also have to interact with the children’s guardians and/or parents to tell them about their child’s day.
Do you have what it takes to start a daycare? According to Lois M., who now has six child-care centers in Ohio, you need to be “energetic, business-minded, a competent leader, have a pleasant personality, be professional, be willing to take calculated risks,” and “be consistent” in your actions and expectations.
Additionally, Kristine Tucker at Career Trend asserts that you need to be able to “clearly communicate what you want students to do” if you want to set up and expand your home daycare. In short, you should like kids, know how to talk to them, and be able to handle organizational logistics, and you’re good to go!
There are two categories of experience that will come in handy. The first kind is the optional experience, i.e. it’s great if you have this because it will be useful when you’re dealing with children. According to Ivory Adams at Career Trend, you should have basic knowledge of First Aid and CPR training. This will ensure that you “feel confident in handling a child choking or providing assistance to wounds,” she writes.
Asides from safety experience, your local government will have some licensing requirements that you’ll need to fulfill, depending on which state you live in. You can find out what your state requires by visiting the Division of Child Care Services the government licensing agency. According to Caroline Goldstein at Fundera, if you’re the head of a child-care facility in New York, you need at least one of the following childcare licensing requirements:
Generally, your target market will be working parents or families that are living on one-income, according to Denise Brandenberg.
Usually, clients seek out day-care centers that are close to their day jobs or homes. They normally don’t want to travel far to get there and hence, you will want to concentrate your marketing efforts on gathering places like recreational or business parks. But more on that later.
Here’s where your street smarts should step in. There are many ways that day-care centers make money but perhaps one of the smartest ways is how Victoria Sopik did it.
The 49-year-old entrepreneur “co-founded Kids & Company Ltd., a Toronto-based childcare provider in 2002,” and hasn’t looked back since. Her secret? She markets to companies, asking them to become “corporate clients” and her daycare becomes the official and legitimate one for all parents that work at the aforementioned company.
Not only that, but Kids & Company set up various before and after school programs for children, including professional constructed fitness programs and language classes. Sopik gets her stellar profit margin from both individual parents and also benefits from being on several companies’ corporate payrolls.
According to the Care.com 2019 Cost of Care Survey, “two-thirds of parents say they’re spending more on childcare than they did last year.” What’s more, with child-care services becoming more expensive, the childcare service industry has become a political issue recently and this is beneficial to the industry overall.
Senator Elizabeth Warren of Massachusetts brought forth a “universal childcare proposal” recently, according to The New York Times. If the plan titled ‘Universal Child Care and Early Learning Act’ comes into play, it will push for more day-care facilities and a larger childcare network. Therefore, if you’re waiting to get into this industry, now is a good time to jump in.
According to Karen Gardner at BizFluent, the average costs for starting a home-based day-care business range from $10,000 to $50,000. These costs can be dramatically reduced by opening your day care center in your home.
On a bigger scale, i.e., if you want a franchise startup, you’ll be looking at anywhere between $60,000 to $3 million.
These costs vary depending on the location and the condition of the building you will be using. You could always finance a larger business with a business loan if you’re in need of capital.
A large part of marketing your day-care center will be through word of mouth tactics. Spread the word through social media and traditional WOM (word of mouth) techniques.
Additionally, BizFluent recommends that you should “organize holiday celebrations at your daycare center.” Bank on all the holiday spirit around you and go full out on Halloween, Christmas and more! This will give parents the sense that you’re involved with the community.
According to Neil Patel, Co-Founder of NP Digital, you should never hire someone when you’re “desperate.” You should only consider hiring staff when your daycare center is making a substantial profit and you can afford to provide competitive workers compensation.
Fresh Books advises only hiring employees during a period of “strong growth.” Additionally, make sure you review basic interview tips and techniques for when you choose your future staff. Don’t be afraid to conduct background checks either. You can never be too safe when choosing childcare providers.
According to Lois Mitten Rosenberry, Childcare Provider and Business Owner, you should invest in yourself and your company most. “I knew no one else had as much invested in this company as I did, so I decided I would invest in me,” she writes.
She advises spending your budget on childcare conferences and learning opportunities as these will enable you to grow successfully.
On the other hand, running a daycare center can actually be simpler in terms of logistics and daily operations. According to Janet Hale, owner of Gingerbread House California, the trickier thing is to say emotionally detached from the children you’re working with.
“You may love the kids and the parents, but you need to keep a professional distance,” she advises, “Children will come and go, things happen in families, and while you want to be there to support the family, you can’t let them devastate you.”
The post How to Open a Day Care Center: Step by Step Business Plan appeared first on Best4Businesses.com.
If you are artistic, you have a huge advantage over the majority of the population. You can work for others or start a business where you use your skill sets to create beautiful items. However, besides creating the work of art, you have to learn how to run a business. So here are the best [...] The post List of Best Art Business Ideas for Creative Entrepreneurs appeared first on...
If you are artistic, you have a huge advantage over the majority of the population. You can work for others or start a business where you use your skill sets to create beautiful items.
However, besides creating the work of art, you have to learn how to run a business. So here are the best business ideas to use your creativity to make money.
Below are some of the many business ideas for creative artsy people – like You!
Art dealer. Use curation skills to buy and sell artistic pieces online.
Art seller. Create original paintings and drawings and sell online or at local markets.
Art supply store owner. Start a business that sells various art supplies and creative materials.
Art teacher. Create an online course for your line of art. The course will sell over and over again.
Bag designer. Design, make and sell handbags to local boutiques or online.
Balloon sculptor. Create balloon art for event décor or for attendees.
Basket weaver. Make and sell baskets of different shapes and sizes online.
Blogger. Find a niche to write for and make money out of blogging.
Bookbinder. Offer bookbinding services to independent authors and business owners.
Cake decorator. Decorate wedding and other cakes and specialty desserts.
Calligrapher. Offer calligraphy services to individuals and businesses for marketing materials or wedding invitations.
Candlemaker. Create unique candles with customized scents and colors. Sell online or at local markets.
Card designer. Create designs and transfer them to cards and sell them online or local stores.
Caricature artist. Sell your humorous art at local events or venues.
Clothing designer. Design and make a line of clothing items and sell in stores or boutiques.
Custom embroiderer. Customize clothing and other items with embroidery.
Customized shirt business. Use heat transfer vinyl or printers to transfer unique designs onto T-shirts, shirts and other clothing items.
Dance teacher. If you are a dancer, start a dance studio in your community.
Design seller. Create designs and sell printable files and cut files online.
Disc jockey. Be a disc jockey for weddings and other events.
E-book author. Great at storytelling? Write and self-publish your own novels online.
Face painter. Paint kids’ faces at fairs, birthday parties, and other events.
Faux custom acrylics. Create key holders, jewelry and other items with faux acrylic.
Hairstylist. You can offer unique cuts, updos and hair coloring and other salon services at home.
Glass etching. Use hand tools or a machine to etch water glasses or glass home décor items.
Ghostwriter. If you are an expert in a certain field, you can write e-books and blog articles for individuals and businesses.
Heat transfer vinyl artist. Transfer designs onto clothes, glass, canvas, and wood to create unique customized items.
Home stager. Work with homeowners and realtors to make homes more appealing for buyers.
House painter. Offer house painting services to real estate agents and homeowners.
Illustrate children’s books. Offer illustration services to authors of children’s books.
Interior design. If you have an eye for design and love home décor, do it for others.
Jewelry maker. Create unique necklaces, earrings and bracelets and sell online or at local markets.
Knit goods seller. Create handknitted scarves, hats, and other items and sell them locally or online.
Landscape designer.Design other people’s landscaping and outdoor spaces.
Language teacher. If you are proficient in a language such as English or Spanish, teach it online.
Logo designer. Graphic designers can design logos on freelancing sites for international business clients.
Makeup artist. Start a salon or travel to work with clients at studios or wedding venues.
Mobile app designer. Become a freelance app designer for individuals and businesses.
Mural painting. Paint murals in offices, daycare centers and other places.
Musician. Form a band and play at local events or produce albums and sell.
Music teacher. Good at music? Teach people different musical instruments or give voice lessons.
Personal stylist. Help clients to shop and put together outfits.
Photograph seller. If you take pictures everywhere you go, sell them online on iStock and other sites.
Portrait photographer. Take senior pictures, family photos, headshots or even pet photos.
Pottery maker. Sculpt custom dishware and décor items out of clay, glaze them in various colors and sell.
Prop stylist. Work with event planners and arrange items for photoshoots.
Quiltmaker. Create custom quilts and sell them to your community and online.
Reverse canvas artist. Put unique designs on reverse canvas and sell them.
Silhouette portrait maker. Create silhouette portraits using heat transfer vinyl and profile photos.
Soapmaker. Make various soaps with unique scents and designs. Sell online or at local markets.
Tailor. If you have sewing skills, become a custom tailor or alter people’s clothes.
Tattoo artist. If you have the right training and creativity, provide tattoos for clients.
Tie-dye artist. Use tie-and-die on t-shirts, socks, etc. and sell them online or at local events.
Video producer. Earn ad revenue on YouTube by producing videos in your area of expertise.
Vintage reseller. Curate vintage items and expertly market them online.
Voice-over artist for ads, dramas etc. Your voice is in demand irrespective of the language or accent.
Wedding photographer.If you are considering the photography business, provide photography and video services at weddings.
Website designer. Build custom websites for business owners on freelance websites or sell pre-made templates online.
Wood worker. Create and sell small sculptures or intricate pieces of furniture from wood. Ideas for naming your woodworking business
Write children’s books. Write interesting stories for kids and sell them on amazon.com.
Q.What are the most profitable small businesses for creative types?
All creative types of business can be profitable if you make high-quality products, you are good at marketing the business and provide great customer services. Therefore, it is difficult to say which one is more profitable.
How do I start an art business from home?
It is best to make samples, photograph them and share them on your pages on social media. Also, create an online shop on websites such as Etsy. Make sure you deliver products as promised to keep your customers happy and to get positive reviews.
Q.What unique creative business can I start?
It is best to use your current skill sets to start a business and find a way to make unique products and services.
Q.What is the best craft business to start?
These days, a shirt business based on heat transfer vinyl is likely to succeed since demand is growing worldwide.
There are many types of businesses you can start as a creative entrepreneur, either as a side hustle or full time. Use your current skills to start something now, then acquire more skills to expand your business in the future. Don’t wait until you know everything to start. You will learn along the way – like all entrepreneurs.
The post List of Best Art Business Ideas for Creative Entrepreneurs appeared first on Best4Businesses.com.
For your event marketing to be a stunning success, you need lots of people to attend your special events. Attracting a sell-out crowd is what every promoter wants. This is easier if you have an unlimited budget, but what if your budget is small? Read on to get lots of of affordable ways to market [...] The post 55 Creative Event Marketing Ideas: Attract a Sell-Out Crowd! appeared first on...
For your event marketing to be a stunning success, you need lots of people to attend your special events. Attracting a sell-out crowd is what every promoter wants.
This is easier if you have an unlimited budget, but what if your budget is small? Read on to get lots of of affordable ways to market your event.
To help you out, we have put together 55 creative marketing ideas to surge the attendance of your events. Sure, you know some of these ways to promote events, but I bet you will discover a few new and effective ideas. Let’s get busy selling out your event.
Tip One: Create a promo video.
Take footage from a previous event, if you have it, or a general short video that will attract people to the event. Include a call to action.
Tip Two: Be a guest on a podcast.
Get in touch with an influential podcast in your industry and request to get booked.
Tip Three: Host a free webinar.
A free webinar is a great way for your target attendees to take a peek into what to expect at your event.
Tip Four: Create an infographic.
Gather up data about the topic of your event or offer stats from a previous event you held.
Tip Five: Tell a personal story.
Humans respond well to hearing personal stories. Share stories from people that attended a previous event you held.
Tip Six: Request referrals.
Ask people in your network and industry to help with promoting your event.
Tip Seven: Speak at other events.
You can share what you know at other events and help people find out about your upcoming event.
Tip Eight: Make it easy to share promotional material.
Have a kit for people who want to spread the word about your event in an easy-to-use way.
Tip Nine: Create images with quotes.
Create an on a shareable image with a quote from previous event attendees, along with any distinguishing titles they have.
Tip Ten: Share photos.
You can share one photo per day that was taken at your previous events to ramp up excitement and reservations.
Tip Eleven: Write a press release.
There are several services on marketplaces like Fiverr where you can have a press release sent to dozens of news agencies to help promote your event.
Tip Twelve: Spread the word on social media.
Use the power of social media to get the message out about your event.
Tip Thirteen: Give out free tickets.
Give out some free passes to sponsors, vendors, and influential attendees so they can spread the word about the event and invite others.
Tip Fourteen: Offer an exclusive feature.
Create something exclusive, such as VIP access, to generate interest in something rare and valuable.
Tip Fifteen: Celebrate a milestone.
If you have a notable anniversary coming up, such as this being the 5th year of the event occurring, make sure to emphasize it.
Tip Sixteen: Send out email blasts.
If you have a mailing list, send out emails periodically leading up to the event for some good old-fashioned email marketing.
Tip Seventeen: Create a crowdfunding campaign.
Generate awareness, as well as money, for your event.
Tip Eighteen: Offer discounted tickets.
The most effective discount trick is to offer early bird rates.
Tip Nineteen: Enable social sharing.
Any content you create online should have the ability to be shared on social media.
Tip Twenty: Publish guest blog posts.
Get in touch with other bloggers and offer to write a guest post on their sites. It should be on subject related to your event, but not about it exclusively.
Tip Twenty-One: Give away swag.
Let people know that you are giving away swag with all ticket sales to give people more incentive.
Tip Twenty-Two: Buy ads.
Use the power of Google, Facebook, and others to promote your event.
Tip Twenty-Three: Hang banner signs.
Print banners and put them up in high-traffic areas in the city or area where there the event will be held.
Tip Twenty-Four: Re-purpose old blog content.
Employ content marketing by using some of your older relevant blog content that gets lots of traffic to promote your event.
Tip Twenty-Five: Build landing pages.
Turn a lead into a ticket sale with well-designed landing pages that have a clear call to action.
Tip Twenty-Six: Tell your founder’s story.
Whether you or someone else is the founder, share their story, along with the event’s story.
Tip Twenty-Seven: Create a community.
Create an online community somewhere like a Facebook or LinkedIn group.
Tip Twenty-Eight: Create engaging blog posts.
Create informational blog posts that can rank high on search engines.
Tip Twenty-Nine: Hold a pre-event Q&A.
Use Twitter to hold a Q&A where people involved with your event can answer questions your target audience has about the event.
Tip Thirty: Create event-specific branding.
Have a theme with unique pictures and colors to showcase the event.
Tip Thirty-One: Change your email signature.
If you email lots of people every day, be sure to change your email signature to one which promotes your event.
Tip Thirty-Two: Run a social media contest.
A contest with a prize will generate lots of hype and buzz around your event.
Tip Thirty-Three: Disclose high-profile attendees.
If well-known figures in your industry are attending, let your audience know.
Tip Thirty-Four: Create flyers and posters.
Printed leaflets and posters put up in the area in which the event is will help get the word out.
Tip Thirty-Five: Go on local radio.
Promote your event on local radio stations, which still have massive audiences.
Tip Thirty-Six: Coordinate a flash mob.
When you start a flash mob in a high-traffic area near your event, you can turn lots of heads to find out what all the hype is about.
Tip Thirty-Seven: Promote in local shops.
There may be shops in the area of your event which will be open to you putting up a poster or holding a brief “taster session” about the upcoming event.
Tip Thirty-Eight: Display video projections.
If you have permission, generate a video projection on the wall of a building near your event.
Tip Thirty-Nine: Sell merchandise.
Offer things like t-shirts, buttons, stickers, pens, etc. and give some away for free as well.
Tip Forty: Hire sign spinners.
Get a few locals to become sign spinners, pointing people to your event.
Tip Forty-One: Set up gigantic props.
People will see your gigantic props from far away and become curious about what they are related to.
Tip Forty-Two: Give out business cards.
Hand out business cards wherever and whenever the opportunity strikes.
Tip Forty-Three: Optimize your event website.
Tip Forty-Four: Make attendees event marketers.
Whenever an attendee buys a ticket, send them a discount code that is shareable with others.
Tip Forty-Five: Partner with another event.
Join forces with other events to bring in more attendees.
Tip Forty-Six: Get featured in an events directory.
Send email pitches to high-traffic event directories to get listed.
Tip Forty-Seven: Create a unique event agenda.
Show off the list of speakers and other features of the event in a flashy event schedule.
Tip Forty-Eight: Use social media image filters.
Get your audience to use funny and interesting filters on social media apps like Instagram and Snapchat.
Tip Forty-Nine: Promote at local libraries.
Give your local library promotional information on your event and they will use their wide network to share the news about it.
Tip Fifty: Have a specific website for your event.
Create a dedicated website solely for the event.
Tip Fifty-One: Offer interactive entertainment.
Bring in something unique and unrelated to your event that is entertaining.
Tip Fifty-Two: Create a short hashtag.
Use a hashtag specific to your event and use it on all your social media posts.
Tip Fifty-Three: Design special graphics for your speakers.
Having special graphics encourages your speakers to share these designs on their networks.
Tip Fifty-Four: Do a Livestream before the event.
Show people around the space where event will be held to give a taste of what is to come.
Tip Fifty-Five: Hire an expert to help with your digital marketing.
Get some extra help from someone who can help with your campaign creation, management, and monitoring.
Now that you have 55 event promotion strategies in your arsenal, it’s time to start using them. When you incorporate these tips into your marketing strategy, you will have tremendous success in marketing your next event.
The post 55 Creative Event Marketing Ideas: Attract a Sell-Out Crowd! appeared first on Best4Businesses.com.
If you are considering turning your love of camping into a small business, you have lots of questions and you need a lot of information. Here is how to start a profitable campground, both the pros and the cons. Let’s go camping! First, decide whether you want to run a simple campground with tents or [...] The post How to Start a Profitable Campground: Pros and Cons appeared first on...
If you are considering turning your love of camping into a small business, you have lots of questions and you need a lot of information. Here is how to start a profitable campground, both the pros and the cons. Let’s go camping!
First, decide whether you want to run a simple campground with tents or a full-scale luxury camp offering cabins and RV parks. Your decision should be based on your finances and your local market demand.
To start, you will need to know how much money you need to invest, whether to start from scratch or to buy a franchise and whether it is a profitable endeavor. Read on to get your answers from successful campground owners.
Certainly, with some hard work, and a bit of luck and fun too, running a campground can be very profitable. Here are the pros and cons of starting a campground business:
The campground business has many advantages that you will enjoy as you run it.
Profitability is the biggest consideration in running a campground. Americans love camping.
According to the North American Camping Report, camping is a hot new trend that is increasingly becoming popular with younger people, especially Generation X, and millennials.
From 2014 to 2019, the number of households that went camping increased by 7 million. This is good news and means there will be no shortage of customers for your campground. Whether you become profitable depends, therefore, on how you run the business.
When you run a campground, you live the outdoors lifestyle permanently. You bath with fresh water, breathe in clean air and trade the sound of traffic for the songs of the birds, bugs, wind, and water.
Best of all you get great sun exposure, better sleep quality and relieve stress. The result is improved health in body and mind.
You connect with your campers and build a like-minded community together. All year round you can keep in touch via email newsletter and on social media.
Camping is growing in popularity for all people of all ages and backgrounds. Therefore, you will meet a wide range of interesting (and fun) people as your campers.
As a campground owner, you run your own business on your own terms. So you can work or rest according to your schedule and the needs of your business.
You rest and go on vacation mostly in the winters. Dependent upon your seasonal weather you may get some winter campers.
If you take your time to look for a beautiful location that you really love, you will enjoy living there. This is one of the best perks of being a campground owner. Nature’s beauty is in your front yard.
When you start your campground business, you become your own boss and you are free from company politics. You are free to make the company policies and supervise your staff as you see fit.
A huge advantage of being a campground owner is that you end up living on the property rent-free.
Building your campsite involves hard work and long hours. Both when you start your business and continuing as you look after your guests and host events. Plus you have office and bookkeeping work to do also.
Most people camp in the summer. This means that that you can almost never go away for your summer vacation or to attend family anniversaries and weddings. You can only go away in winter when there are few or no campers.
Running a campground is a full-time summer job that requires you to be available 24/7, especially in the first days when you are still setting up.
Campers expect a great outdoor experience and you have to provide it. This keeps your busy every day in season from Memorial Day through Labor Day.
Like any other business, there are factors that make it successful and we discuss them below.
As prospective small business owners, you will benefit from having experience running a business. You must be able to create a business plan that includes a budget, staffing needs, the services to be offered, a marketing plan and an implementation plan to work with.
Business planning is a vital step that will help you to evaluate the business on paper before you begin. Taking the time to plan ahead will save you tons of money and mistakes. I know 🙁
You should also be able to host a number of fun outdoor events while keeping a positive attitude.
Plus you will need to source startup funds, manage operating funds, manage staff and pay taxes.
You should also be able to do road maintenance, repairs, plumbing, accounting, administration, and electrical maintenance.
A campground is a real estate investment and location can make or break your business.
Before buying a campground, ask yourself: Where do people like to go camping?
Do extensive research and find the best location by a river, a lake, a national park or other attractions. Also, make sure it is easily accessible from major highways.
You will need to design and build some or all of the following if your proposed location is raw: roads, bridges, boat ramp, playgrounds, recreation room, hiking trails, a dog walk area, plumbing and septic systems, bathhouses, fencing, bathrooms, a pool, and other amenities.
Also, you will want to purchase some barbecue grills, picnic tables, and other equipment needed by campers. Remember to have good wi-fi services.
More millennials are interested in camping but they love their technology. In fact, 88% of campers surveyed said they take along their cellphones. All of this equipment must be included in the business plan along with the associated costs of building/purchasing them.
Initially, you may be able to do all the work yourself but, as the business grows and demand increases, you may end up being overwhelmed.
Delays in services may disappoint some of the campers. As soon as your business can afford staff; recruit a cleaner, an office assistant, and a host for events.
Marketing and promotion
Once your campground is ready to receive campers, let people know about it.
Do not bother advertising in the papers as most people do not read those anymore. Here are more effective ways to market your campground.
Indeed, it is possible to run a profitable, and fun, campground business.
Sure, it is hard work to start but it is very rewarding in terms of connecting with people, working outside, natural stress relief, schedule flexibility and profits.
If you believe becoming a campground owner is for you, then go for it! Here are some helpful resources:
The post How to Start a Profitable Campground: Pros and Cons appeared first on Best4Businesses.com.
The United States moves on trucks literally and figuratively. According to the CIA Factbook, the trucking industry in the US generated over $700billion in 2017, which is more than the entire GDP of the country Columbia. What’s more, “were the industry a nation, it would have ranked 33rd in GDP that year,” writes Steven John [...] The post Starting a Trucking Business Checklist: License and Permit Information appeared first on...
The United States moves on trucks literally and figuratively. According to the CIA Factbook, the trucking industry in the US generated over $700billion in 2017, which is more than the entire GDP of the country Columbia.
What’s more, “were the industry a nation, it would have ranked 33rd in GDP that year,” writes Steven John of Business Insider. With numbers like these, it’s safe to say that the trucking industry is a lucrative one to get into, so you shouldn’t overthink your decision and get started right away. Let’s get rolling!
Furthermore, you’ll have no trouble finding employees once you start a trucking business and it’s up and running. Stats from the Bureau of Labor Statistics show that out of 129 million full-time jobs in the US in 2018, around 7.4million were in the trucking industry. That means that a whopping 5.8% of American full-time workers had a job in the trucking business.
And the demand for truckers is not going down any time soon. According to Rachel Premark at Business Insider, grocery stores would run out of food and supplies “in just 3 days if long-haul truckers stopped working.” What’s more, the clean water supply would dwindle and hospitals would have a hard time getting medical equipment on time. The trucking industry is America’s backbone.
So how can you go about getting your slice of the trucking industry profits? Read on below.
It’ll be impossible to own a trucking business unless you own a truck. Easy as it sounds, however, it’s not as simple as going out and purchasing a truck. You need to make sure you buy a vehicle that will suit your purposes and won’t break down when you need it to run. Here is a list of things to keep in mind from Jeff Charles at Small Business Trends:
As the owner-operator of a trucking business, you will need to obtain a Commercial Driver’s License (CDL) for yourself, if you’re driving, and your truck drivers too. Additionally, “your trucks must have certificates that show that they can ply highways too,” according to Profitable Venture. Obtaining a CDL isn’t too difficult and it’s a requirement in America and Canadian states to have this before operating commercial vehicles.
Anyone who is driving will need to have a “clean driving record and pass drug screenings.” Of course, this is to ensure quality and safety standards. You can apply for the CDL through your local DMV once you understand the specific guidelines and rules that come with driving a big rig.
If your company operates commercial vehicles that transport people or haul cargo across multiple states, you will need to be registered with the Federal Motor Carrier Safety Administration (FMCSA). According to the FMCSA, your USDOT number is a “unique identifier” that is used for auditing, investigations, inspections and “compliance reviews.” You will need to comply with Federal regulations and getting this identifier is the first step.
Once you get the number, you will get a permanent permit. You should keep the original copy at your office, but paint or stencil the number onto your truck as well. This will help the authorities identify your rig and keep you out of trouble.
According to the Department of Transport (DOT), “if you operate a truck or bus in interstate or international commerce, the federal Unified Carrier Registration Agreement (UCR) applies to your business. This system was established to ensure active insurance coverage in all the states where a driver operates. You can register for this with your dot number and mc number. If you need more information, check out the local DMV in your state!
According to the DMV, you need an IRP license plate if you want to operate your vehicle in more than one state and in Canadian provinces. When you register your vehicle, you will get a cab card and one tag for your rig. These are normally the only things you need to operate both within the state and across other states. There is an annual fee for this tag but it varies from state to state.
If you start a trucking company and operate vehicles that weigh over 55,000 pounds, you will be subject to the Heavy Highway Vehicle Tax, according to the Internal Revenue Service (IRS). It’s important to comply with these taxes and in order to do so, you must fill in and file the 2290 tax form on an annual basis.
According to the California Department of Tax and Fee Administration, the purpose of the IFTA is to “maintain the concept of a single fuel tax license for all of your qualified motor vehicles” in IFTA jurisdictions. This means you only have to file a single tax return per quarter when you report your fuel usage and mileage. You can register for this online and once you pay the required fees, you will be good to go!
If you want to obtain operating authority across states in the US, you will need to register a BOC-3 form with the FMCSA. According to the FMCSA, “only a process agent” can file the form on their client’s behalf. This is a person in each state who will act as a legal agent to take care of any and all legal complaints and issues. Find more information about this form by visiting the FMCSA website.
Lastly, if you want to transport good internationally or intermodally, you need a Standard Carrier Alpha Code. According to Nicky LaMarco at Biz Fluent, the code system is “efficient” and “the majority of businesses will not work with transport carriers if they do not have a SCAC.” This code basically identifies transport carriers to authorities in the industry and creates a system of trust for all stakeholders. You can apply for the SCAC through the National Motor Freight Traffic Association (NMFTA).
The post Starting a Trucking Business Checklist: License and Permit Information appeared first on Best4Businesses.com.
Starting a new solar business can seem like a daunting task. This is true of any new challenge you decide to overcome. However, the great thing about establishing your own solar industry business is that you’ll be your own boss and you’ll get to learn a lot along the way. Plus make really good money [...] The post How to Start a Solar Panel Business: Step by Step Business Plan appeared first on...
Starting a new solar business can seem like a daunting task. This is true of any new challenge you decide to overcome. However, the great thing about establishing your own solar industry business is that you’ll be your own boss and you’ll get to learn a lot along the way. Plus make really good money on your own terms. Say goodbye to your boss and hello to solar energy!
Most people, though they want to start profiting from solar panel installation, wait for what they believe is the ‘right time’ to take the plunge. Kari DePhillips, CEO of The Content Factory, has a simple solution to this dilemma. “Just do it already,” is his advice.
And it’s brilliant in its simplicity. Don’t wait around for several years before you set down your own commercial solar business because the competition is tough. According to a 2017 survey, 26% of millennials said they planned to become entrepreneurs and start a business within the next three years. So there you go: don’t wait too long.
Decide what kind of solar project you want to start and set it up right away! The sooner you start the faster you will make money!
Solar power is a smart investment as electricity cost rise nationwide. According to Walid Halty at Dvinci Energy, “solar is the #1 most bankable sustainable technology, which has turned the industry into a gold rush.” ‘Gold rush’ is right because according to the US Energy Information Administration (EIA), 1.6% of total electricity generation in the US is powered by solar.
What’s more, the National Renewable Energy Laboratory (NREL) claims that 40% of total US electricity could easily be provided only by solar roof panels.
These are whopping numbers and they all point to the same thing: the solar panel business is a lucrative one. Once you take the first step, you should patiently and effectively work to expand your new business. You never know, you could easily end up in the same ranks as Sunrun and Vivint Solar, currently the biggest solar installation firms in the United States.
Before you start dreaming about your name in lights, you should understand what a typical in at work would look like for you. This will vary depending on whether you’re buying, manufacturing or installing solar panels. Or even all three.
The typical day will start out with a customer asking you for a consultation or a new installation. You will ask them what they require and then once you’ve determined the type of panels they need, it can take from 1-3 days to get a complete installation finished. According to Kristin, a photovoltaic installer at HelioPower, the last thing you’ll need to do is meet the inspector at the site you’ve installed so they can check if the panels are functioning properly.
Meanwhile, on the back end, your outreach team will get in touch with new and existing customers to ensure that sales keep going strong.
The skills you need for a solar panel business aren’t too different from the ones you’d need in any other business. Most of all, you need to understand how to interact with people because they can all be potential customers. According to Val Geisler, Strategist, “you need to be comfortable with numbers and selling.” Be confident about your product and only then will you be able to do things like door-to-door sales and social media selling.
What’s more, once your business grows, you will have to hire more people. This means you have to be on top of your game. Keep learning about HR, Finance, Taxes, and other vital topics. A willingness to learn and a lot of confidence will help you on your journey to success.
Generally, if you have some experience in the field of renewable energy, this will help you. However, most industry experts and entrepreneurs believe that lack of experience shouldn’t hinder anyone from becoming a business owner.
According to Filipa Neto, Managing Director of Chic by Choice, “you can learn as you go and you have nothing to lose.” You need to have some basic knowledge of solar energy industries and the confidence to know you want to succeed.
Once you start a business, it’s important to know who you’re selling to. A recent University of Texas study showed that current solar buyers weigh two things before shelling out for panels. They want solar panels to be a “good financial investment,” i.e. cost-effective as well as be able to reduce their environmental impact. Make sure your consumers hear referrals and positive Word of Mouth (WOM) about your particular products and know about all upfront costs.
Now onto the important bit: how solar panel installation businesses make profit. This is done in a couple of ways: revenue stream and incentives. For example, Solar City offers customers lease agreements as well as purchase agreements, meaning they keep their cash flow going from both ends.
Moreover, the government often offers tax credits to both customers and solar companies. The companies can take advantage of this as well as faster depreciation on solar assets, meaning they pay even lower taxes. They can also enjoy other government incentives given to companies in the renewable energy field.
Solar power is growing by leaps and bounds and will continue to do so in the long term. A recent report by Fortune Business Insights called “Solar Power: Global Market Analysis, Insights and Forecast, 2019-2026” has shown amazing predictions. According to the report, the market will exhibit a Compound Annual Growth Rate (CAGR) of 30.7% by 2026 as solar power systems and solar technologies develop and grow at furious rates.
Not all solar installation businesses are the same. According to experts at Profitable Venture, you’d need about $8,750 for a small solar panel business, about $560,000 for a medium-sized one and if you want to start a whole corporation, you’d be set back by around $2,240,000.
There are several marketing and promotion techniques you can use to grow your solar panel business. According to serial eco-entrepreneur Scott Cooney, you should use a combination of WOM, community building and strategic partnerships to get the word out. It’s important to know your consumers and once you do, link up with a beneficial partner to capitalize on their reach and exposure as well.
You should be able to recognize the right time to expand your business by taking on employees. This should never be done when “you’re desperate,” or when “you don’t know exactly what you want the new hire to do,” according to Neil Patel, Online Marketing Expert, and Entrepreneur. You should start to hire when you want someone with specific technical skills and when the task required from them will be lucrative for the company. You need to hire to expand, after all. Just make sure it’s at the right time.
Industry expert and owner of 400 companies, Sir Richard Branson, believes that great business ideas come for “people’s bad personal experiences.” He says, “…you think, ‘well I could maybe do it better than it’s being done,’ and there you have a business.”
In addition, Selena Soo, founder of the S2 Groupe, believes that “cultivating relationships” and being a people person is the way to go. “Behind every life-changing opportunity is a person who can give it to you,” she says.
So there you have it. Go ahead and set up your solar panel business. Just remember to create communities, invest in people and believe in yourself.
The post How to Start a Solar Panel Business: Step by Step Business Plan appeared first on Best4Businesses.com.
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