Congratulations on deciding to open your Janitorial Business or Cleaning Business. However, it is scary to take the risk and start your own Business; the rewards of watching your Business grow and develop far more than any experience you have working for another person.
It is important to realize that starting a business of any type can be risky. If you don’t take it seriously, you might find yourself in legal and financial trouble. It would be best to keep in mind several things when starting a professional cleaning company.
BEFORE DOING ANYTHING, GET A BUSINESS PLANNING PLAN.
It is important to create a formal business plan. This will allow you to make strategic decisions and keep your budget within reach.
Your business plan should include a detailed overview of your company and the services you provide. You should conduct an audit of other professional cleaning companies in your area before you begin to write your business plan. This will help you identify competitive differences that will support your marketing strategy. It’s not good to set up a business that does the same thing as other businesses. You will need to find a way for your company to be different.
Your business plan must also include properly researched information about projected cash flow, income statements, and how you will achieve profitability goals. This information must be included in your business plan since banks, and financial lenders will require it if you apply for a loan.
NAME YOUR BUSINESS AND PROPERLY REGISTER IT
After you have established your business model and its goals, it’s time to register your company. There are many options available. You can operate your business as a sole proprietor or as a company. However, there are tax advantages to registering as an entity. This also means that you will need to manage paperwork.
Name your company so that potential customers know what you do. Also, ensure it isn’t identical to any existing cleaning business names. You should also get a logo designed for your company. Rebranding after you begin operating can be very costly, so you want this done right away.
Commercial cleaning companies are not the same as house cleaners and other domestic cleaning companies. It would be best to clarify that your company specializes in commercial cleaning solutions.
HIRE A CONTENT
Accounting for a small business can be time-consuming, even if your head is good at numbers and record-keeping. You would rather spend your time on the Business than on it. An accountant can help you save money by identifying tax deductions that may be available. They will also handle all the paperwork and record-keeping, so you don’t have to. It is a smart idea to hire an accountant right from the beginning. They will help with all aspects of the setup process and will also be able to answer any questions you may have.
GET YOURSELF INSURANCE
This is a huge decision. Once you have completed all your responsibilities regarding the establishment of the Business and the taxman has confirmed that the company is properly registered, you can apply for public liability insurance. This insurance provides protection and covers any damage or accidents if you are held legally responsible for a third party’s injury or property damage.
Suppose the company does not employ you (i.e., If you work with employees, you will need worker’s comp insurance to protect them in the event of an injury. Business vehicle insurance is another option as you will likely be driving between jobs. Income protection insurance is a good idea, especially if you work on a contract basis.
Talk to a solicitor about the options you have for insurance. It’s better to have more insurance than not enough. Insurance is expensive, but the large-scale costs can make you very vulnerable.
Are you fully trained and certified?
Customers will need to feel confident that you are competent in commercial cleaning. Even if you don’t have certification yet, you should take some courses as you get your Business started (and you only have a few clients) to attain any certifications.