Is carpet cleaning a good business? Use this checklist to see if you are ready to open your own carpet cleaning business. Can you handle the startup costs and financial responsibility? Keep reading to learn more.
1. DEMAND
Is there a demand for carpet cleaning in your area? Are there many local competitors?
It's important to make sure that there is a market for your services. Will you be able to find plenty of local customers?
2. TRAINING & EXPERIENCE
Do you have experience in the carpet cleaning industry? Do you have the skills and training required? Can you get the proper licenses?
3. FRANCHISING
Should you consider buying a franchise?
It may be easier to get your business up and running, but there is a little less flexibility than running an independent business.
4. TIME COMMITMENT
Do you have the time to commit to starting a business? It's hard work - particularly in the beginning. Did you know that almost 4 out of 5 small businesses fail in the first year?
5. REVENUE
Will you make enough money to support yourself and your family? Do you have realistic revenue goals for the the first year? The first five years?
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6. FINANCING
Do you have enough money to start a carpet cleaning business? You don't want cashflow issues to prevent your business from succeeding. You will need to pay for equipment, insurance, payroll, and vehicles. Do you have enough capital to do this? Can you secure enough financing?
7. REAL ESTATE
Do you have an office location in mind? Is the rent in your budget? Is the office located in a desirable location? Is there good foot traffic?
8. BUSINESS PLAN
Have you written a business plan? There are many carpet cleaning business plan examples online that you can borrow from.
9. BRANDING
Have you picked out a name for your carpet cleaning service? Coming up with an identity for your company is important. What's your mission statement? Your unique selling position? Do you have a niche in mind for your business? For example, you could focus exclusively on commercial carpet cleaning.
10. MARKETING & ADVERTISING
How are you going to find new customers and start generating revenue? Are you going to build a website? Put in an ad in the paper? Knock on doors?