GO MOBILE Startup guide
Starting a business can be quite overwhelming, hopefully some pointers here will help you get going with ease. It is important to consider that your business is operating within the legal parameters of your local market. Your city, county and state will determine what licenses and permits will be required to operate your new mobile business. You'll always want to start with a good business plan so you understand what your costs will be and how much money you need to make to stay in business. There is no "winging" it if you want to become a successful service provider.
Almost every business must have a legally formed and federally recognized entity often a Sole Proprietorship or a LLC are formed. There are numerous places you can go to get this done, an easy step-by-step service is Legal Zoom, where they also offer a variety of additional services that you may or may not want to utilize.
The Service Corps of Retired Executives (SCORE) is made up of volunteers business executives that will help you write a business plan which if needed will help you get funding. Often times while working with you they begin to understand your business goals and your qualifications. Their connections to funding sources and a good working environment with you can result in recommendations to lenders.
If you haven't already checked out the vehicle guide go have a look before heading out shopping. A Sprinter by Mercedes will cost you upwards of 40k off the lot - this doesn't include any of the tools, cabinets or fittings you're going to need in your new business. Ford offers a competitive solution rolling off the dealer lot at 33k. Dodge rounds out the "big" 3 with their ProMaster starting at 30k.
You'll need tools, cabinets, and other stuff. Some you may have (which becomes business collateral and equity), others you'll need to buy. When building your business plan start with true start-up costs and then add 20%. Find a number you want to earn daily, weekly, monthly and yearly and factor that into the formula then add another 30%. Working for yourself means no-one else is paying your taxes. As a self employed individual you'll owe the IRS about 30% of your income, this covers income tax and social security tax (when you have an employer they are paying a portion of this on your behalf). Your 50k salary you wrote into your business plan just became $35,000 take home pay.
Working within your budget regardless if it's a million dollars or just 100k is hugely important to your ongoing success. We recommend working with someone who has some experience to make sure your financials are well aligned to your business goals.
The Service Corps of Retired Executives (SCORE) is made up of volunteers business executives that will help you write a business plan which if needed will help you get funding. Often times while working with you they begin to understand your business goals and your qualifications. Their connections to funding sources and a good working environment with you can result in recommendations to lenders.
If you haven't already checked out the vehicle guide go have a look before heading out shopping. A Sprinter by Mercedes will cost you upwards of 40k off the lot - this doesn't include any of the tools, cabinets or fittings you're going to need in your new business. Ford offers a competitive solution rolling off the dealer lot at 33k. Dodge rounds out the "big" 3 with their ProMaster starting at 30k.
You'll need tools, cabinets, and other stuff. Some you may have (which becomes business collateral and equity), others you'll need to buy. When building your business plan start with true start-up costs and then add 20%. Find a number you want to earn daily, weekly, monthly and yearly and factor that into the formula then add another 30%. Working for yourself means no-one else is paying your taxes. As a self employed individual you'll owe the IRS about 30% of your income, this covers income tax and social security tax (when you have an employer they are paying a portion of this on your behalf). Your 50k salary you wrote into your business plan just became $35,000 take home pay.
Working within your budget regardless if it's a million dollars or just 100k is hugely important to your ongoing success. We recommend working with someone who has some experience to make sure your financials are well aligned to your business goals.