Starting a new junk removal business is often an exciting and thrilling adventure, but without proper planning, a new hauling business can easily end up in the dumps. In this series, we will be writing about the top ten things you should consider before launching your junk removal business.
In this blog series we’ll be covering:
- Writing a junk removal business plan
- Choosing the right legal structure for your junk removal business
- Equipment needed for your junk removal business
- What to do with the Junk you collect and where to dispose of it properly
- Naming your junk hauling business & domain name selection
- Setting up a junk removal website that converts visitors into customers
- Creating a marketing plan your junk removal business
- Measuring your marketing tactics
- Managing junk haulers and multiple trucks
- Online tools that make it easier to manage your customers
Today’s topic: Junk Removal Business Plans. Let’s get started.
How to write a great junk removal business plan.
As time consuming as it is, before starting any business venture you should always write a business plan. Why you ask? Well for one, writing a business plan forces you to think hard about what your goals are for the business.
Junk removal business plans should contain all the standard elements including:
The Company Overview - What are you naming your junk removal business? What are you all about? Who is running the day-to-day operations? What makes you different? Remember if your unique selling proposition (USP) can be copied, it’s not a good differentiator.
Your Business Offerings – Are you offering residential junk removal or commercial debris hauler or both? Do you want to offer weekend service? Do you charge the same for bed load rates or is your fee higher? Will you offer curbside rates and takeout rates depending on where the junk is?
Marketing Plan – Who is your target market? Are you servicing a city, county or the entire state? Are you focusing on homeowners, businesses or both? What are the demographics of a junk removal customer? What psychographics can you glean from market research?
Marketing Tactics – What are the steps you’re going to take when implementing your marketing plan? Will you advertise offline? How will you measure your results? Which online channel provides the best return on investment? A marketing calendar can help keep you on track.
Management Team – Who is running the daily business operations? Are you responsible for hauling, marketing, PR, financials or do you want to grow?
Financial Projections – What are your goals for the 1st year of business? Are you planning on expanding or keeping it a small local junk removal operation? How will future regulations affect your business? This is where you have to forecast the future of your business, but keep it realistic.
Once the business plan basics are out of the way, remember that junk removal sometimes requires certain permits and licenses. Check with your local city government to learn about restrictions or requirements they have when starting your junk removal business.
Now it's your turn. How did you structure your junk hauling business plan? Did you include all the points we mentioned above? What did you find most useful about writing your business plan?
Let us know in the comments below, and stay tuned for the next post on choosing the right legal structure for your junk removal business.