If you’re hoping to start an easy, yet in-demand business, then look no further than pet grooming. Pet grooming is one of the most basic animal-related services people can get. Every pet owner knows how challenging it can be to maintain their fur and other hygienic needs. Granted, opening a business of any kind is hard work within itself and isn’t to be taken lightly. In this article, we’ll be going over how to get started on opening a pet grooming business.
Decide How You’re Going to Provide the Service
Opening a pet grooming business can be a lot of work as there are many things you need to consider. The first factor you need to consider is how you’re going to be providing customers your services. Are you going to rent out a space for your salon? Do you prefer going the mobile route and be a traveling pet groomer? Or maybe you’d like to try and save money and use your own home as the salon? There are multiple ways to go about this, but it’s just a matter of what you prefer. There’s no right or wrong answer, however, it’s important for you to carefully consider your choices. You will need to set yourself apart from the competition so crafting a well thought out business plan is the perfect way to get everything in order.
Procure the Appropriate Funding
The next order of business is to get your hands on the appropriate funding. While the cost does ultimately depend on how you go about things, you can expect to pay a rough estimate of at least $10,000 to almost $20,000. Every new pet groomer starts off by paying somewhere between these amounts solely for the equipment and technology alone. That’s not counting the space you’ll potentially be renting as well the monthly expenses that comes along with them. Needless to say, you’re going to be spending well over tens of thousands of dollars, which isn’t something anyone can do themselves. Instead, you can get the help you need by looking to Accion Opportunity Fund small business loans to meet your needs.
Small business loans are almost no different than traditional business loans, except for one thing; getting extra benefits on top of the funding. You see, some lenders offer borrowers additional benefits, so they can help give small business owners the stability they need. These benefits you can receive depend on the lender, but some of them can include being connected to various support networks and even having a coach to guide you through the process. Small business loans also allow borrowers to help save money on their taxes as well as build up their business credit.
Choose a Structure and Get Your Licensing
Before you can officially open your doors to pets and pet owners alike, you need to decide on what structure your business will be. For newcomers, it cannot be recommended enough for you to start off as a limited liability corporation (LLC). This structure combines the other three structures into one, which comes with various benefits and extra security. Once that’s finished, you’ll need to acquire your employer identification number, sales tax permit, and occupancy permit. The licensing you need does vary by state, so be sure to review what your location allows.