How to Start a Pet Grooming Business
If you’re hoping to start a simple but in-demand business, then pet grooming has you covered. Pet care is one of the most basic pet-related services that humans can receive. Every pet owner knows how difficult it can be to care for their coat and other hygiene needs. Admittedly, starting a business of any kind is hard work in itself and should not be taken lightly. In this article, we’ll go over how to get started with opening a pet grooming salon.
Decide how you will provide the service
Opening a grooming salon can be a lot of work as there are many things to consider. The first factor to consider is how you are going to offer your services to your customers. Would you like to rent a space for your salon? You prefer to go the mobile way and are a traveling pet hairdresser? Or maybe you want to try to save money and use your own home as a salon? There are multiple ways to do this, but it’s just a matter of what you prefer. There is no right or wrong answer, but it is important to carefully consider your choices. You need to stand out from the competition, so creating a well thought-out business plan is the perfect way to put everything in order.
Obtain the appropriate financing
The next step is to get your hands on the appropriate funding. While the cost ultimately depends on how you go about it, you can expect a rough estimate of at least $10,000 to almost $20,000. Any new pet groomer initially pays somewhere between these amounts only for the equipment and technology. That’s not counting the space you might be renting and the monthly costs that come with it. Needless to say, you’ll be spending well in excess of tens of thousands of dollars, which no one can do themselves. Instead, you can get the help you need by turning to Accion Opportunity Fund small business loans to meet your needs.
Small business loans are almost the same as traditional business loans, except for one thing; receive additional benefits in addition to the financing. You see, some lenders offer additional benefits to borrowers so they can help give small business owners the stability they need. These benefits you can receive depend on the lender, but some of these may include connection to various support networks and even a coach to guide you through the process. Small business loans also allow borrowers to save money on their taxes and build their business credit.
Choose a structure and get your license
Before you can officially open your doors to pets and pet owners alike, you need to decide on how you will structure your business. For newcomers, starting out as a limited liability company (LLC) cannot be recommended enough. This structure combines the other three structures into one that offers various benefits and added security. Once this is done, you will need to acquire your employer identification number, VAT permit and residence permit. The license you need varies by state, so be sure to check what your location allows.