6 Things You Need To Know Before Starting a Trash Removal Business

6 Things You Need to Know Before Starting a Trash Removal Business

6 Things You Need to Know Before Starting a Trash Removal Business

Before you start your trash removal business, there are some things you need to know. You want to be prepared so that you can be sure to do an all-star job and be in business for as long as you want. You want to be the one everyone calls. So what do you need to know? Here are six things:

1. Your community’s needs

Does your community need a junk removal business? Most do, but make sure there is a need for one before you spend a lot of money on getting your business started. Learn about the competition. Are there a lot of foreclosures in your area? If so, that can mean a lot of foreclosure cleanup business. Learn about your community, and you’ll be more likely to succeed.

2. Regulations

Check with your state about their laws and regulations. You’ll need to license your business. You’ll also need to obtain a tax identification number from the IRS. While you’re at it, figure out your legal structure. Is it a sole proprietorship, partnership, or limited liability company (LLC)? What you decide will affect the taxes you pay and the liabilities you’ll have. Speaking of taxes, it’s very, very important you keep good records on all the money you make and the money you spend on your business. Yes, that includes keeping accurate mileage records.

3. Insurance

In addition to the legal things you must decide, you’re going to need insurance. Some states will require a special kind of auto insurance if you use your vehicle for commercial purposes. You also might need business liability insurance. It’ll protect you in the event of a lawsuit or claim. Be sure to find an insurance agent that understands the needs of a junk-hauling business.

4. Recycling

A lot of items you pick up can probably be recycled. No reason to dump things in a landfill if they can actually be taken to the local recycler. Not only will you be helping the environment, but you’ll make your customers happy too. They’ll be delighted to hear their items are being recycled, instead of just dumped in a landfill.

5. Toxic materials

Make sure you’re not hauling away hazardous materials. You need a special license to haul materials, such as paint, asbestos, chemicals and oils, so it’s best to avoid them, unless you are licensed. Plus it can be dangerous to you.

6. Safety

You need to stay safe on the job. Before picking up anything, look for hazards, such as a rusty nail or broken glass, and make sure you have the proper safety materials. Carry a first-aid kit, have good work boots and gloves, and keep a supply of disposable dust masks.

You’d like to be the top junk removal business in town. Make sure you know these six things, and you’ll soon be the one everyone calls. To learn more, read Haul It Away.