You’ll then be able to go to the bank with your company documents to get a bank account. This is similar to a Social Security number, but for your business. With your LLC or corporation details, contact the IRS to complete Form W-7 and get a Tax Identification Number (TIN). You’re in this to turn a profit, and that means being able to take payments to deposit funds into a bank account. Make sure that you are charging enough to cover all of it and still make a profit. When setting rates, think about the gas needed to run the pressure washer as well as the number of supplies necessary to do a job. Practice your craft to see how long it takes to pressure wash: Keep in mind that if you charge per project, you have to know how much time any particular project will take. When determining your pricing, think about whether you will charge hourly or per project. It’s a good idea to do some secret shopping and see what other pressure washers in your area are charging so that you are competitive. It might be easier to get a lot of clients with lower prices, but you need to determine if that is worth your time and effort. With most jobs costing consumers between $192 and $401, you’ll want to think about whether you choose the high end of the range or the low end. You’ll need to set rates before you market to potential customers. Expect to pay at least $350 per month for a truck lease. It might be good advertising to have your company name and phone number listed on the truck so that people can call while they see you moving about neighborhoods. Think about leasing a work van or truck to keep everything in. Recommended equipment and supplies other than the pressure washer include:ĭon’t forget about transportation you need to get your gear to and from jobs every day. Rather than buy all the washers at the onset, think about renting the equipment when you first start to save on costs and ensure you have what you need when you need it. Also, select the type of pressure washer you want to get: light duty, medium duty or heavy duty.Ī heavy-duty pressure washer might cost you $400, while a light-duty washer will run less than $200. Keep in mind that if you choose an electric pressure washer, you’ll need clients to supply the energy to run it. First, choose between a gas or electric pressure washer. You’ll need to get the right equipment and supplies to start your business. Depending on the state that you live in, expect to pay anywhere from $200 to $700 to establish your business entity. Then you’ll file the appropriate paperwork with the state that lists the owners of the entity, the business name and pertinent contact information. You’ll start with a name search with the secretary of state’s office to see that there are no competing business names with what you want to use. Most people will choose an LLC or a corporation as their business entity to limit personal liability. This structure can leave you with personal liability in your business, and legal experts don’t recommend it. A sole proprietorship uses your own Social Security number with a “doing business as” (DBA) name. There are three business structures that you can choose from: a sole proprietorship, an LLC or a corporation. The first step in starting a business is choosing a business structure and filing the appropriate paperwork to offer services in your area legally. Getting Started: Establish a Business Structure
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