Laundry, something that each one of us had to do at some point. Doing laundry is no rocket science. It’s simpler than driving your car. And laundry as a business is an easy to start business with less investment and effort. You can start a laundry service at the cheapest place available or even your home, rent-free. A laundry service business includes both home-based laundry and dry cleaning services. It is completely up to you to choose the correct type of service you can afford and are good at.
Listed below are few steps you should follow when starting a laundry service business.
Make a business plan: This is one crucial step to decide on before you start with your laundry service business. Like said before, laundry service can include both home based laundry and dry cleaning. Decide on the type of service you will be providing. Will you providing pickup and delivery services? Do you have the necessary equipment and space or will you have to rent a place? Decide on the number of employees you are looking to hire. Figure out your marketing plans and the target audience. Include every move you will make and forecast every expenditure and income down to a penny.
Collect the capital: With your business plan in place you can now start collecting the money in your pocket. This is money that you can invest in your business venture. Though your personal savings might cover most of your expenses, there may be cases where you will have to obtain money from a third party. Obtaining a bank loan, lending money from potential customers and borrowing money from friends and family are most common methods. If you plan on starting the business with a partner, you are looking at spending only half of your planned budget. Do consider this option when your personal savings alone do not cover your expenses.
Find and rent perfect location: When planning on running your laundry service business from home deciding on a location isn’t your concern. You will just have to move your furniture around and make enough space for your laundry equipment. In case you are looking at options of having a separate place to run your business, make sure you select the perfect place available. Your place should be easily accessible to all possible client locations and should fit your budget. Conclude on a place that has less competition and considerable population.
Equipment: A home based laundry service may not need more than three or four machines whereas a service at a separate location would need quite a number of washers, driers carts etc., with reference to your budget, decide on the number of machines you can afford and buy accordingly. Refer online for deals on bulk orders and if you can get your hands on used equipment in good condition, never let go of the deal. And if you decide on offering pickup and delivery services too, purchase the perfect vehicle that fits the purpose.
Obtain the necessary license and registration: Running any legal business requires a license from the concerned government department. And a license requires permits from various departments such as the pollution control, sewage control, fire department etc. Meet up with the officials and get to know the government regulations.
Advertise your business: You might have the equipment and system to provide the best laundry service in town. But to generate sufficient income to keep your business running, people should be aware of your business in town. Marketing is a very important step in any business plan. Deduce cost efficient ways in marketing your business and make sure your marketing plans work out. Offering special discounts or deals, organizing events adding a few snack vending machines are ways to make people interested in being your customers. Social media is one cheap and cost effective way to market your business. Check out Social media Marketing plans and figure out ways to market your business in a fruitful cost-effective way.