Tree trimming is a form of art that needs experience, practice and techniques. Not everyone can master this art and if you are someone who has mastered the art of tree trimming then you are on the right track. Establishing a business in this area would give you a stable income source especially if you have the proper knowledge of running the business. Setting up a company isn’t that easy but it can certainly open the door of possibilities. So, before you dive into this service, make sure you know everything about this sector and set up a solid plan for your company.
Why tree trimming is a great business idea?
Tree trimming is an amazing business idea as it consists of quite a few numbers of services focusing on both household and industrial areas. Some of the included services are-
- Tree pruning
- Removing dead or dull elements of the tree
- Grinding the stumps to the right height
- Removing stumps, etc.
These are some of the primary services provided by trimming businesses. Along with these services, some of the companies offer lucrative services to attract customers. These additional services are-
- Controlling insects
- Tree transplantation service and so on.
The tree trimming industry is booming right now. According to IBIS World, the industry growth was around 7% from 2015 to 2020. Till 2020, the size of the market was approximately 26 billion dollars with 182504 businesses in the USA. In 2019, the revenue of this industry was approximately 24 billion dollars which are quite high.
There is some reason behind the boost of this industry. First of all, the increasing household areas have plenty of trees which need trimming now and then. Secondly, commercial and industrial areas need groomed plants which are why they need frequent trimming. In the last few decades, the income of the average people has increased by a good margin which allows the citizens to enjoy different services. This is one of the main reasons behind the growth of this industry. Now, instead of pruning or trimming the trees on their own, people prefer to call an expert to do the job. Homeowner spends quite a good amount of money to preserve the beauty of their garden. The growth of this industry depicts that it is a great idea for business as there’s a good chance of profiting from this industry.
Saws and equipment that you will need
There is some equipment along with some sawing machines that you’ll need in order to start and run a successful business. These are-
- Boom truck
- Tree chipper
- Small skid loader
- Block teaser
- Ropes for climbing
- Stump grinders
- Rotary mower
- Safety equipment (helmet, goggles, eye guard, ear muffs, gloves, etc.)
- Arborist bull ropes
- Climbing boots
Step by step guide to starting tree trimming business
Step 1: Make a plan
The first step is to make a strategic plan in order to make the business successful. Whenever a business idea arises, there needs to be a solid feasible plan to establish the business and run it smoothly.
Step 2: Establish a business entity
A business entity is a way of legally operating the business. Before you establish your business, you can choose from 4 different types of entities. They are –
• Sole proprietorship
• Limited liability company.
Step 3: Choose a name for the business
The third step is to choose an appropriate name for the business. As a name is the identity of the business, it defines the character of the brand. That’s why, to make a business successful, you’ll have to come up with a unique attractive name.
Step 4: Pick a suitable location
To make a business successful, you need to make it accessible to people. In order to run the tree trimming business smoothly, you’ll have to ensure multiple factors. For example, there has to be a space for transports, storage for the equipment and a small office for the employees. According to the size of the location, you’ll have to calculate the rent.
Step 5: Completing the registration
The fifth step is to complete the registration process under which comes the employer identification number. Some of the states ask for a contractor’s license. In case, your state is one of them, you’ll have to assure that the license is taken as well as all the requirements of OSHA (Occupational Safety and Health Administration).
Step 6: Investment
In order to run any business, you’ll need adequate investment. Without the right amount of funding, no business can flourish. Gathering investment for tree trimming service isn’t that easy, but if you have a good plan backed up with great strategies, finding an investor won’t be that difficult for you.
Step 7: Create a corporate account in a renowned bank
If you can maintain two individual accounts, one for your personal deposits and another for maintaining business finances, it would make the entire process easier for you. The best possible thing is to maintain a credit card as it is a suitable process of transaction, especially for businesses.
Step 8: Marketing and promotional plan
In order to make any business successful, you’ll need a good marketing plan. Otherwise, people will forget about your existence. For tree trimming services, you can do both online and offline promotions.
Step 9: Insurance for the company
Insurance is a must for any company, especially if it is a hazardous job like tree trimming. There are different types of policies from which you can choose according to your preferences. General liability insurance, commercial property insurance, commercial liability insurance, commercial auto insurance, etc. are some business insurance.
Step 10: Appoint workers
Tree trimming is not an easy job. It needs years of practice and a skilled pair of hands. For ensuring that there’s no scope for complaints from the clients, you need to hire the employees by doing a proper evaluation. Make sure you check the appropriate salary range for their positions. A lot of the organizations pay extra expenses like insurance, health checkup fee, training fee, etc. to keep their employees happy.
Step 11: AIS for the long run
AIS refers to Accounting Information System. If you set up an AIS in the company, it will be beneficial for you in the long run. It will help you to maintain the tax files, along with keeping the track records clear for the government.
Tree trimming service is undoubtedly a profitable business for someone who knows a lot about tree trimming and the process of taking care of the trees. But no matter what you do, you will have to maintain discipline and integrity towards the clients, only then you’ll be able to ensure the growth of your business. To make any business successful, you’ll need to have patience and a good plan. So, make sure you read the above steps carefully and enjoy the journey of achieving new possibilities.