5 Things to Know Before Starting A Business

Many people are not aware that pet care right now is actually a billion-dollar industry. However, it is not easy to tap into it.

You’ll need to sort out certain things such as payroll considerations, start-up costs, licenses and certifications before you can transition from being just a pet lover to a good pet care professional. You’ll also need to do a bit of soul searching.

Before you decide to go into the business, keep in mind that it requires more than just playing with puppies and kissing kittens.
It can be pretty daunting when trying to start a pet business, but it is also really rewarding. Here are 5 things you should note before starting out on this line of work.

Develop a Solid Business Plan

The first thing is to decide on the name for your business. How big will it be? How many employees do you plan to hire? How will you market your new pet store? When developing your business plan, try to get mentors while considering the resources available.

Make sure you check the state and local requirements for starting and running a pet business. Resources such as your State Labor Office and Small Business Administration are a good place to start.

Get a Location

As a new pet business (whether pet sales, training, grooming or other pet services), you’ll need to get a space that will be enough for your needs. Visit similar businesses so as to have an idea of how much space you’re going to need.

After finding a space that’s big enough, be sure to check with city hall about zoning regulations and any relevant permitting or use restrictions.

The location you decide on should not meet only your physical needs, view it from a tactical standpoint.

You should know the demographics, where is your competition and where are you going to draw from.

Also, your customer base should be big enough to keep your business thriving. Finding out the competition as well as customer base around your location can help you with your business marketing plans.

Sourcing Capital

You may need to negotiate a lease with the aim of building out a vacant space. There’s also licensing costs and insurance.

As you calculate the amount you’ll need as start-up capital, begin to source for it.

Determine how much of the cost you can put up, and then look at other financing options, such as small business loans.

Sort Out Your Certifications

There are some pet –related businesses that do not require certifications, however, most require a certain level of training or education.

Your State Labor Office is the best place to inquire about required permits or certifications, and how they can be obtained.

Obtaining relevant certifications has many benefits other than just sharpening your skills; it can also be used as a marketing tool.

Get Your Business License and Inspections

Your town or city will determine the inspections, requirements and fees, as it varies from place to place. For example, the fee in Chicago to obtain a 2-year license for an animal boarding, training or grooming business is $275.

The Animal Care and Control Commission in your city will also perform onsite inspections.