Thinking about establishing your own portable restroom rental business? These are the steps you should understand before you get started and follow as you go through the process.
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Steps to Starting a Portable Restroom Rental Business
Step 1: Research
- Learn about the industry, identify a potential service area, evaluate potential customers, assess the level of demand, identify competitors & perform a SWOT analysis
Step 2: Create a Business Plan
- It’s an outline of your business that consists of: Executive Summary, Company Description, Product/Service Line, Market Analysis, Marketing Strategy, Management Summary & Financial Projections
Step 3: Find a Business Location
- Determine if you can set up shop at home or if you need to buy or lease commercial workspace
Step 4: Get Your Finances in Order
- Estimate your startup costs, compile available funds and/or find a lender & apply for a loan
Step 5: Meet Legal Requirements
- Pick and register a business name, obtain necessary licenses/permits, register for taxes & obtain insurance
Step 6: Set Up Your Accounting System
- Hire an accountant or set up accounting software to track your finances
Step 7: Prepare Your Workspace
- Set up your workspace, whether it’s at home or at a commercial office, so that your business can operate effectively
Step 8: Purchase Equipment & Supplies
- Obtain all the things you need to operate your portable restroom rental company
Step 9: Market Your Business
- Brand your business, set up your website, distribute business cards and brochures, advertise, & get involved in the community to attract customers and build the reputation of your company
Step 10: Go to Work
- Get out there and start serving your community
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