Tag Archives: Franchising

What Does It Cost to Start a Cleaning Business?

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Owning your own cleaning business can be a rewarding way to earn a living as a small business owner. One expense that is common to all forms of cleaning businesses is purchasing any licenses or other legally required documentation so that you can establish your business. You will want to open a checking account for the business and register the business name with your state. These expenses differ from state to state. The cleaning business relies on reputation and word of mouth, so it is important that you are prepared to do a thorough job on the first service call. You will need to spend some money up front in order to ensure that you have all of the proper equipment to complete the job quickly and effectively.

Housecleaning

The expenses of opening a house cleaning business can vary depending on your clientele. You will definitely need to invest in the most effective cleaning products you can find. Some of your startup money will also need to be funneled into advertising. If your clients do not already own small appliances like vacuum cleaners, you will need to purchase those items on your own. The initial startup is the most expensive time because you have to buy so many materials to begin with. Once you have what you need, you can replace things as they run out or wear out one at a time.

Carpet Cleaning

A good carpet cleaner will need to invest in some large equipment before opening the service. Think about what type of carpet cleaning you plan to do. If you are going to specialize in shampoo, you might need a large truck-mounted cleaner. Dry cleaning requires the right chemicals and a high-powered vacuum. A carpet cleaning service will also include hiring employees, which means you will have an ongoing salary expense as well as the tax liabilities that go along with employing workers.

Office Cleaning

An office cleaning business is also more effective if you hire more than one person to help complete the cleaning. If you plan to work for small offices, you might be able to finish the job on your own, but it will take more time and limit the number of offices you are available to work for. Most offices already own industrial vacuum cleaners, but you will need to be prepared to use your own. You will also need to purchase the appropriate cleaning equipment and things like replacement trash bags for desk receptacles.

Be Prepared for a Slow Start

Don’t forget to allow yourself a large enough cushion for your first year of operation. Since cleaning services rely so much on word of mouth, there is a good chance that you will not begin earning enough money to cover your initial costs until your second year. Make sure you have enough money set aside to cover the initial layout and any additional costs of operation for at least 12 months before you need to rely on income generated by the business. Consider this savings account part of your investment in the long-term success of your cleaning business. With any luck, you will not need to use it all and it can roll over into the next year’s profits.

Rotovac Carpet Cleaning & Supplies provides top quality carpet cleaning machines to successful small businesses across America.

Tips on Buying a Franchise Business

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Buying a Franchise Business

If you are looking to start a business and have little to no prior experience in this area, then buying a franchise business is definitely the best thing you can do at this point. By doing so, you dodge a lot of expenses related to starting a fresh business. A quick online search reveals literally thousands of franchises just waiting for someone with the right vision. For those who are not informed on what a franchise means, it is basically a chain of businesses which can expand all over the world.

If you want to get into one of the most profitable franchise businesses you have to search for something that people generally remember. A good model is a DVD rental machine or even the dollar store. These are just two of the hundreds of profitable franchises that bring huge profits each day. It is a known fact that people enjoy being relaxed as much as they like shopping. There is nothing like ending a long day at the mall with a nice movie you can watch with your friends or family.

If you choose to own a franchise you will soon understand how good a decision you have made since it is a fulfilling and rewarding business. The fact that a franchise that brings in more profits demands a higher initial investment should not discourage you because the long term rewards are definitely worth it. Even if you lack the funds there are a lot of organizations out there which can help you get started.

Even though it is generally a good idea to be sensible when starting a business project, when dealing with franchises it is better to invest as much money as possible in the start. Most people who have owned franchises for more than 5 years are not enjoying the short work hours and freedom provided by such a business.

Low Cost Franchise Choices

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Many people desire to open their own shop, or owning their own business, without ever thinking of a low cost franchise. Some people think that they have to create a business from nothing or amplify their own idea from the beginning. Fortunately, in a culture crammed with successful low cost franchises, people are beginning to realize that there is not a reason to try to recreate the wheel. With examples like chain restaurants showing up all over the nation, and the food industry booming, it is easy to see why acquiring a franchise is a terrific way to work for yourself while owning your own business.

You may be unsure as to how you could go about this procedure. Luckily, it is not as hard as some people may think. If there is a certain place that you are interested in, stop by or call and ask for some information. The manager will be able to impart vital material concerning costs, fiscal assistance, lending and marketing tactics. They will also let you know where they are looking for more sites and if you should take over a current location or start one in a brand new locale.

This will be some of the best support you can access when you are exploring this idea. If you know anyone who is already owns their own franchise, you can talk to them to get more guidance about things like finances and marketing strategies for restaurants.

Once you are well on your way to owning your own franchise, you can begin living your dreams. There may be some hiccups along the way, but you should have a good assistance system in place. This is one of the many benefits to buying into a low cost franchise. You do not have to be alone in this new venture.

Franchise Bankruptcy – What if the Franchisor Declares Bankruptcy

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One of the first questions that many franchisees will have when the franchisor goes into bankruptcy is “Can I keep running my business?” The answer to this is a resounding yes. When a franchisor declares bankruptcy they lose all the rights they have to their name and brand. This means they have no legal grounds on which to try and prevent you from using the name in your business. However, you need to make sure that you want to use the brand name for your business. People may associate your franchise with the bankruptcy and stop from visiting your business.

If you have specific questions about what happens when a franchisor declares bankruptcy, contact a Hawaii bankruptcy attorney at 1330 Ala Moana Boulevard #202, Honolulu, HI 96814 (808) 554-0104. They can give you details on what will happen with your particular franchise in the event of bankruptcy.

In a typical Hawaii bankruptcy you should immediately cease sending royalty payments to the franchisor. Once the bankruptcy was declared, the franchise agreement immediately became null and void. After the agreement is voided, there’s no reason to keep sending your hard earned money to a failed company! You may end up needing every penny to try and avoid the negative press that may come with being part of a bankrupt franchise.

You may also want to contact some owners of other franchises in the area to see how they have been affected by the bankruptcy. By partnering together (even if it is an unofficial partnership) you can help each other to weather the storm and make sure that your individual businesses are not harmed by the bankruptcy of the parent franchise. Try to avoid the negative publicity that comes with the bankruptcy of the franchisor. You need to do everything possible to make sure you are not dragged down by the parent company’s problems.

Guide to starting a small business

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There are many benefits to starting your own business.  Starting a business is always a rewarding experience, whether you fail or succeed.  There are many risks in the business world.  If you don’t have a lot of business experience and don’t want to risk losing a huge investment, you might want to consider buying a franchise.  The benefits of owning a franchise are many.  You will be under an umbrella brand name that is instantly recognized and you will get assistance from the Franchisor. If you don’t want to go that route, you can always start your business small from the comfort of your home and then branch out when it begins to outgrow your home.  Here are some things you should think about when starting a new business.

What do you want to sell, product or service?

What will your business sell?  This is a matter of finding the right business for your qualifications, skills, and abilities.  Are you skilled in management and know how to promote products?  Maybe you will succeed in a business that is retail sales oriented.  Are you a professional in any specific service? Maybe you should focus on marketing a specific service.  Find out exactly what it is your business will do and start defining your goals.  The next step is to decide whether or not there is a demand for the business you have in mind.

Evaluate the demand for what you have to offer

Do some market research to find out if there is a demand for the goods or services you want to offer.  Without a demand, it makes no sense to supply.  When there is a demand for your goods or services, the next thing you have to ask yourself is if those service and products are the best for your business or not.  From here you can either choose to go with what you got, or go back and compare various options against each other and choose the one with the highest demand and least competition.  The best way to start a small business is to weigh all your options, carefully choosing the one that is most profitable.