Believe it or not, you are ahead of over 90% of the population simply by your decision to start your own business. Whatever the reasons, it is important that you start right. In this guide I will show you the steps to take to start a storage shed business.
Getting started can begin with simply saying, “I’m starting a storage shed business.”. Now you need to create a business plan to follow. Without a plan you won’t have any sense of direction and before long you won’t know where to go or what to do next. Most new businesses fail within the first two years simply because they didn’t have a written business plan.
Step 1. Name your new business. Don’t too clever here. Keep it simple and to the point. You want people to know what you do simply by reading your company name.
Step 2. Separate yourself, financially from the business. This involves separate business checking accounts and lines of credit and credit cards. You may want to talk with an attorney about incorporating your business or creating an LP, or LLC. The last thing you want is to lose your home and personal belongings due to a legal matter with a supplier or customer.
Step 3. At this point, you need to decide where you will get the sheds that you plan to install.
A. You can buy a franchise from a storage building manufacturer. This takes a large chunk of money up front, but they will supply you with everything you need to market and sell their pre-built storage buildings and barns. The company will probably require you to have a vacant lot on which to display their models.
B. You can go to your local home improvement center and arrange with the store to install the sheds that their customers buy. This is easy and doesn’t require any selling on your part. But you are stuck with waiting for the store to call you with work.
C. You can buy the materials and, using customizable storage shed plans, build the exact storage sheds your customers want. This will take more time, of course, but will give you the most satisfaction when the job is done. Also it gives you complete control over your new business.
I hope this answers your questions about how to start a storage shed business. Just remember, before you ever start building and selling storage sheds, you need to have a business plan.