Like with every business, setting up your own business is not as easy as you think. It will take a lot of your time and effort to start and run a business. In this article, we’ve provided you with the step-by-step guide to setting up your removal company.
The main cost of the business will go to buying the vans itself. When choosing a van, ensure that you plan and research before purchasing one. The factors you will need to look out for is an affordable price, quality and overall presentation. When looking for an affordable price, it’s ideal to purchase one from a second-hand supplier instead of buying a brand new one which can be costly for a startup. Keep in mind that second-hand company can still provide quality with an affordable price. Lastly, ensure that the look of your van is decent as customers are more likely to trust your business just by the image of your van.
The second expenses will go to buying all your removal equipment. This includes straps, stoppers, trolleys, lifts and wheelbarrows. Each equipment will make the job much easier to carry out.
Due to the nature of the business, you will need the three following insurance. Starting from van insurance, public liability insurance and an employer’s liability insurance. Any person who drives a van will need to be insured, this is why you need the van insurance. The public liability insurance is essential for covering any accident that occurs while carrying out the job. Customers are also more likely to trust you if they know you have insurance that can cover any incident cost. If you’re looking to expand in the future, you will need an employer’s liability insurance. The insurance will protect you against any claims that your employees may make against you.
Apply for B.A.R
The BAR stand for ‘British Association of Removers’. It is the only trading standards for removals traders. Companies are only allowed to apply if the business has been running for more than one year. Signing up for the BAR code will be ideal if you want your company to be more trustworthy.
Setting the price
Setting up your quote is something that you will learn from over the years. That’s why it’s important to find the right balance between low and high pricing. For example, if the quote is too high, fewer customers will be interested, and you’re likely to lose to your competitors who has a lower quote than you. If quoting too low, you may not reach your profit margin.
Hopefully, as the years go by, you will have a better understanding of your market and current competitors. Once you know this then you will be able to maximise your profit.