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How To Start A Landscaping Business?
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Many prospective business owners are ready to take the leap of faith and start their landscaping business but are confused about where to start. If you feel this way, you aren’t alone.
Understanding the necessary steps you need to take to create a legal business in Australia can be overwhelming to say the least, but it is not an unmanageable task.
Registering for an ABN, opening a business bank account, analysing equipment needs, advertising your services, and obtaining insurance coverage are the first few steps in starting your landscaping business.
Starting Your Own Landscaping Business
Register For An ABN Or ACN
To operate your business, you will need to register a business with the Australian Government in the form of an ABN (Australian Business Number) or an ACN (Australian Company Number). If you don’t plan on incorporating, you can file for an Australian Business Number; however, if you are incorporating from the start, you will need to apply for an Australian Company Number as well.
Open A Business Bank Account
Next, you should open a business bank account that only hosts business transactions. This not only helps separate your personal and business transactions, but it also helps you keep track of qualifying business expenses for tax time. Simply pulling bank statements instead of having to sift through hundreds of transactions can save you a lot of time when tax time rolls around.
Analyse Equipment Needs
Landscapers use equipment to perform lawn care services. At a minimum, you need a lawnmower. When first starting out, you might not be able to afford the largest and greatest lawnmower, so analyze your budget and find one that fits your price point. You may discover that you need to finance your equipment purchases through loans.
Advertise Your Services
A key step in the business formation process is marketing and advertising your services. It will be hard to gain your first few customers with no reviews, so consider reaching out to family members and friends. Additionally, offer a new client discount to entice new customers in that you can hopefully turn into repeat customers. As you begin building up reviews, you can raise your prices.
Obtain Insurance
Before you cut your first lawn, you should have the proper business insurance. Business insurance serves as a safeguard for your assets when lawsuits arise against your lawn care business. Neglecting the proper coverage can be detrimental.
One way to analyse the different providers and coverage options available for your lawn care business is to use our instant quote generator, where you can get an estimate on market-leading insurance in seconds! Simply enter your occupation and expected revenue to get started!
Summary
Despite seeming like an overwhelming process, starting your landscaping business can be done in a few simple steps. Take the time to create priorities and goals along the way to help you stay on track.
Luckily, we’ve got your insurance needs covered. We offer competitive rates and provide you with the tools needed to make the most informed decision for your landscaping business. For more information or to talk with an expert, reach out to a team member today.
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