All homeowners know that maintaining a lawn or yard requires a lot of time and effort. That is why it is no surprise that there are more than 615,400 landscaping businesses in the U.S. The number will keep on increasing as more people require lawn maintenance and care.
So, if you are wondering how to start a landscaping business and make profits, you have come to the right place. Here is your complete guide to create a successful landscaping business.
Before you take any action, you must do your research and understand your local market. After all, you can't start a successful landscape business if you don't know what other landscape businesses in the area are doing. The key here is to learn more about your competitors and customers in the area.
Research your competitor's prices, customer's demands, identify service gaps in the market you can fill, etc. Collecting all this information will help you in step two.
The second crucial step of starting a landscape business is to select the service you can offer. Your decision will depend on all the research you have done in step one. The research will determine what your customers want and any gaps you can fill in the market.
You can choose from many landscapes and lawn care services to offer to your clients. These include:
These are some basic services all landscape businesses can provide. You can add more depending on your local market and customer demand.
Once you know what you can offer, you can begin your landscape business by choosing a business structure. There are a few options you can choose from:
As the name suggests, such a business is owned by one person who is responsible for the entire business, such as taxes, debts, etc. However, it is the most affordable and easiest type of business structure to start. Of course, there are risks to this structure too.
For example, your personal assets and liabilities will not be separate from the business, which is why you can lose personal assets if your business has obligations and debts. However, if you are looking for a low-risk option, this is the structure to start with.
An LLC will give you the benefit of a partnership structure and a corporation. It will be simple, like a sole proprietorship, and will protect your liabilities like a corporation. You have to file a tax return and pay taxes at this structure's income tax rate.
However, your personal assets will be protected from any business liability you may incur. So, in case of bankruptcy or a lawsuit, your personal assets will be protected.
If you want to start a landscape business with two or more people, a partnership is your best option. You can choose from limited liability partnerships or limited partnerships. The latter offers unlimited liability to one general partner, but other partners will have limited liability and control over the business.
On the other hand, limited liability partnerships give all partners the same limited liability. What that means is that a partner can't be held responsible for the action of other partners involved in the business.
The next step for how to start a landscape business is to get relevant licenses for the business. The licenses you require will depend on the country and state you live in. However, getting a license for a landscape business is simple and easy.
You can contact the county clerk's office to learn more about what business licenses are required. On the other hand, if you plan on transporting any greenery items such as plants across state lines, you will need a federal permit or license. That is why it is best to check with the Department of Agriculture for specific requirements of your business.
You must invest in equipment for the business. First, you need to decide the kind of equipment you will require for the services you are offering. After that, you can rent or buy and then insure the equipment.
Here is some equipment you might need:
You also have to factor in the cost of repair and maintenance of these items from time to time. All these factors will help you make the right decision about the equipment you need.
Finally, it would help if you learned how to grow a landscaping business. The best way to do this is through marketing tactics that are relevant to your target audience. You can select a mix of traditional and digital marketing to make the most of your business.
Don't ignore the power of social media for your business and list your business on Google to ensure high visibility. The best part is that you can generate more business by creating a profile on various marketplaces such as TaskRabbit. You can also stick to traditional marketing efforts because they also reap high benefits for landscaping businesses.
That was your complete guide on how to start a landscaping business. You must take all these steps and do comprehensive research to start your business on the right foot. Once you lay the groundwork and begin your business, you must also learn how to grow a landscaping business.
Marketing is one of the most important aspects of any business in the 21st century, which is why your landscape business also requires a solid marketing strategy. So, follow our guide and see your business take flight and grow successfully in no time. Be sure to stay consistent with any practices you do.