Starting a floor waxing business takes skill, investment, and a lot of planning. But with the right preparation, it can be a profitable business that offers a lot of advantages. Like other small businesses, knowledge is critical and so we’ve provided a short guide to becoming a floor waxing professional. It offers a few floor waxing business tips to help you start out on the right track.
Becoming Your Own Boss
When you own your own business, it’s easy to see that the harder you work, the more you'll earn. You don’t have to rely on anyone else and can make the decisions that work best for you. That includes everything from pricing to customer service, materials, and the hours you work. If you have floor waxing business ideas like being environmentally friendly, marketing yourself in a unique way, or just providing the best customer service the world has ever seen, you have a chance to prove yourself. With enough hard work and business savvy, you’re also likely to find that floor waxing can be very profitable. People want shining clean floors in every kind of building, from tiny apartments to huge office towers.
Get to Know the Market
In the floor waxing business, a good understanding of the greater business environment can be the key to success. You will probably want to build connections with contractors, cleaning services, and building maintenance companies. They can help you get your foot in the door and may be more likely to end up as your clients than building owners themselves. Of course, you should also know your competition. Learning who else in your area provides floor waxing service can help you figure out how to set yourself apart.
There’s more than one way to start a floor waxing business. Once you understand the business environment in your area, you can start thinking about which way is best for you and formulating a business plan.
You’ll have to decide whether you want to work in private homes, small offices, or large public facilities. This will affect your initial expenses and how you market yourself. If you plan to work in small spaces, you may be fine with some basic equipment and flyers around town, but if you want to work on a larger scale, you will probably work as a subcontractor. You may need to hire employees of your own and will need to be prepared to equip them. Once you’ve decided on a strategy, it’s time to write it down. Your business plan should include:
- Initial expenses for equipment
- Ongoing expenses for materials and maintenance
- Pricing that will cover your expenses and also pay you for your work
- A marketing plan
- How many hours you need to work to reach your financial goals
- Local floor waxing business requirements for licensing and insurance
Don’t Forget the Paperwork
The licensing and legal requirements for your floor waxing business will vary depending on location. States, counties, and even cities each have their own regulations: while one city won’t have any licensing requirements another may demand a specific floor waxing business license. Do your research and don’t forget that you may want to take jobs in more than one city, country, or state. The Small Business Administration is a great place to start. They can give you some basic checklists for staying legally compliant and paying federal taxes as a small business owner.
Be Prepared for Anything
Insurance is especially critical when you rely heavily on your equipment and will be doing the bulk of your work in other people’s space. If you accidentally damage someone’s floor or building, or your equipment breaks down, it doesn’t have to be the end of your business. You can check out our targeted insurance for your floor waxing business to get more ideas about your specific needs. Convenience and price are important for entrepreneurs like yourself, so you want to make sure to have an insurance policy that is straightforward and doesn’t make you pay for things you don’t need. That way, you can focus on finding customers and doing great work, instead of getting bogged down in payments and paperwork.
Clean and shiny floors never go out of style, so there is a lot of potential for your new floor waxing business. Plan ahead, work hard, and prepare to enjoy the perks of being a business owner.