The below is an excerpt from recent Property Clean Up and Foreclosure Cleanup Business Newsletter:
Question & Answer About Foreclosure Cleanup Business Start-up Costs
Individual Asks Question about Business Start-up Costs
Question: Cassandra, thank you for all the helpful links that you sent me! Do you think that I would be able to start my business with $500 (for supplies, permits, licenses, marketing, etc.)? P.A.
Answer: $500? More than enough to get started, assuming you already have a vehicle, of course. Call your County Clerk or biz licensing office in your area to ask what their biz registration fee is — prob less than $150 — think back then mine was either $80 or $120, but it depends on your county.
Get the basic liability insurance you need to cover your biz and pay out quarterly. (Consult with an insurance agent and let them know you are offering janitorial type services — easiest ins to get. Make sure the services you offer fall under your umbrella of coverage, however.)
Rent equipment you may need as the need arises with each job (i.e., generator, trailer, pressure washer, etc.) until your biz can afford to purchase these items. If you come upon a job but can’t afford to rent the equipment for that job, simply don’t take that job. Let your biz dictate what you can afford so you don’t wind up losing money on jobs … this little trick will go a long way in keeping your doors open. Good luck to you!
Stay in touch so I know how you’re doing. You’ll do just fine. Cassandra
Click HERE to start your foreclosure cleanup business. Below are links to related editorials on the Jobs Blog:
- How to Start a Foreclosure Clean-up Business Quickly and On a Shoestring Budget, http://www.foreclosure-cleanup-blog.com/?p=33
- How to Start an Evergreen, High Income Producing Cleaning Business, Full-time or Part-time, http://www.foreclosure-cleanup-blog.com/?p=2954
- Which Makes More Sense — Renting or Buying Equipment in the Start-up Phase of Your Business? http://www.foreclosure-cleanup-blog.com/?p=67
- How to Choose the Best Services to Offer in Your Foreclosure Cleanup Business, http://www.foreclosure-cleanup-blog.com/?p=7399
Continued success with your business. Cassandra
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Sign up as a Premium Newsletter Subscriber. You will periodically receive foreclosure clean-up job leads and consultative advice to help you grow your foreclosure cleanup business! Cassandra Black is a Foreclosure Cleanup Business Consultant, the Author of How to Start a Foreclosure Cleanup Business, and several foreclosure cleanup industry and field asset services Guides, Reports and Forms available via Stone Cottage Books and Amazon. She is also CEO of Foreclosure Cleanup, LLC. Follow Cassandra and Foreclosure Cleanup, LLC on Twitter.