If you’re thinking about starting a tree service business, you’ll need equipment capital. In order to be successful, you need to know how to manage and price your services for profit. You may need to hire staff, purchase tools and equipment, or invest in a franchise system. In addition, you need to have a solid plan for future growth. Here are ten tips for establishing a tree service business.
Start your business with a few employees. You’ll need a fleet of vehicles and a truck. You’ll also need insurance and safety equipment. The first year, you’ll need to pay about $21,000 in wages. Then, you’ll need to pay for gas and safety equipment. Once you’ve set up your team, you’ll need to start collecting income. Make sure you have enough money to hire experienced arborists and other workers.
Decide whether you want to hire staff or contract out work. This will depend on the level of work you’re planning on doing, as well as the costs of hiring workers. Consider the skills of your team, the cost of hiring them, and their capability to perform the service tasks better than you. Next, decide how you’re going to market your business. Most tree service businesses rely on word-of-mouth advertising. But as a new business, you’ll need to be creative and aggressive in your marketing strategy.