Free Money Domain

How to Start a Pet Care Business in 2021

 

Do you want to start your own business? You can learn how to start a pet care business in 2021 and become a business owner in pet care. Pet care is a billion-dollar industry, and you should take advantage of this huge business opportunity by paying close attention to this practical guide on how to start a pet care business.

You may ask, why pet care business? According to the U.S. Bureau of Labor Statistics publication TED: The Economics Daily, April 4, 2017: “In 2015, households spent an average of $528 on pets, or about 1 percent of average household spending. Pet expenditures include pet food; pet purchases, supplies, and medicine; pet services; and veterinary services. Average household spending on pet food jumped from $190 in 2014 to $230 in 2015, or from 37 percent of average household spending on pets to 44 percent.

The reason of this practical guide is not to bore you with figures, but rather to open up your understanding on the huge possibilities that can accrue to you if only you can learn how to start a pet care business. Starting your own pet care business can be both daunting and rewarding at the same time. The aim of this practical guide is to take away the daintiness, by providing very key information aimed at making the process very easy and smooth. We will therefore be looking at the following key and important steps you should take so as to start your own pet care business and profit from it within a short time.

  1. Define and Register your business
  2. Write your Business plan
  3. Secure your Permits/Licenses/Insurance
  4. Source for Funding
  5. Choose a Location
  6. Source for Supplies
  7. Price your Services
  8. Get Transportation for your Business
  9. Outline your Policies
  10. Market your Business

 

  1. Define and Register your Business

The first step in starting any business, including your pet care business is to get the business registered. Depending on the state or country where you are living or want to start your business in, will determine the process of registration you will take. Basically, there are three types of business legal structure that is open to you for your business registration, which are sole proprietorship, limited liability partnership and Limited Liability Company. You should therefore contact the company house of your state or country and register your business, based on our usual recommendation, which is Limited Liability Company. If you are still confuse with this recommendation, you can contact a lawyer for professional advice for the best form of business legal structure that is suitable for your business.

Once you have your business registered, the next important step is to contact the custom and revenue board and get registered for tax purposes. Every business including your pet care business, is mandated by law to pay taxes, it is then important to get the process sorted out from the beginning, as you would not want a situation in the near future, where the authority closes up your business for failing to remit taxes. Part of your tax registration process is also to apply and obtain your Employer Identification Number (EIN), which is an important aspect of the registration processes that is needed for a smooth operations for your pet care business.

Once you are done with the registration of your business, it is now time to define your business. Defining your business means defining your niche. You should from the beginning define if you will be dealing with dogs or cats, and if it is dogs, will it be dog walking or you will be offering veterinary care or handling food and supplies for pet owners. So it is important you define your type of business from the beginning.

  1. Write your Business Plan

Your business plan is the road map and compass for your business and without the business plan, you will not know the direction where your business will be headed. The process of writing your business plan will afford you the opportunity to think through the stages of what your business is all about, what services you will offer, who your target customers will be, how you will source for funds, how much you will charge your customers, etc.

The business plan generally speaking is for your own consumption, but since you might be requiring funding, it is then important that your business plan should be detailed as much as possible, so you will be able to convince investors, partners and bankers. There are many free samples of business plans you can access online, which you can use as a guideline in writing your own business plan or you can simply hire a professional to write one for your pet care business.

  1. Secure your Permits/Licenses/Insurance

Almost every state or country requires that certain businesses obtain permits and licenses to enable them operate successfully. So your pet care business, because of its peculiar nature requires that you have permits and licenses. You should therefore contact the relevant associations and find out the types of permits and licenses for your business.

Since we promised this will be a practical guide, we will therefore highlight some form of certification that your pet business will need for instance, which however depends on your state or country.

You should in addition of this, find out the relevant permits and licenses that your business needs and apply accordingly.

With the need for permits and licenses, is also the need for insurance, which is a non-negotiable. You cannot operate your pet business, without the requite insurance policies. The type of insurance covers you need will depend on the state or country where you will be operating from, but there is no doubt that you will need the followings as the basic form of insurance covers for your pet business .

  1. Source for Funding

The chances of you inheriting 1 million dollars might be slim, but it all depends. I am sorry about this statement, the point I just made is that you will need funds to start your pet care business, and if you have not inherited any millions, it means that you will be needing external funds for your new business. And if you don’t have enough personal savings, the following options are therefore open to you as sources on how you can raise funds for your pet care business

  1. Choose a location

Your business will need a location to operate from, it is therefore important that you look for a location before your business will be operating from. It can either be a place you own, you can rent or a place you can build up from the scratch. The location you choose for your business will to some extent determine the success or otherwise of your business.

Dogs for instance, need space to run and play. So you will need the facilities that will help you separate different types of dogs for playtime. Your facility should also afford you space to separate puppies from larger dogs to keep other dogs safe.

You may decide to run your pet care business from home, provided you have a big enough property to work with. In addition to making sure the location meets your physical needs, you should also be able to know the demographics of the area, where your competition is, also ensuring that you will have enough customer base in the location you choose that will be able to sustain your business.

  1. Source for Supplies

There are basic supplies that you must have in place to run your pet care business smoothly. For instance, people will not bring their pet for you just for the pets to sit around all day. Your duty of care for the pets is to ensure that you make the pets as comfortable as possible, and you can do this by having supplies like food, toys, beds, treats, grooming products, etc.

So knowing how to source for this supplies and getting good quality of the supplies and at affordable price, will help for the smooth operation of your pet care business. In souring for your supplies, you should be aware that some dogs for instance may have food sensitivities, so you should buy different types of food.

  1. Price your Services

Your pet care business was set up to help people take care of their pets, while also making profit in the process. Making profit therefore from the business will require that you know how to price your services. One of the easiest way to set up a pricing structure is to contact your competition to find out how much they are charging for their services and work your prices around that, you should set up a pricing structure, which will make you beat the competition and also be profitable at the same time. Generally, you could charge between $18 and $32 per dog, per day, depending on the type of services you will be providing. The cost will however vary depending on your state or country.

You also may consider offering different rates as part of your pricing structure, which could be daily or monthly membership plans. You can also have other structure for families with more than one dog, and consider offering a discounted rate for each additional pet.

  1. Get Transportation for your Business

You will sometimes need transportation for the pets if you are taking the pets for appointment for instance. Though there may be option of using public transportation if you are living in a city that is interconnected, where you can easily move around. So having your own transportation will make it much easier if you have your own vehicle – especially if you don’t live near spaces where you can take them for a walk. Depending on the resources available to you, it will be good to buy your own transportation if you can afford it.

  1. Outline your Policies

It is very important to have a policy for your pet care business. One of the ways you can outline your policy is to set out your hours and your workflow. Your policy should also outline your pricing, ensuring that it is not only competitive, but more so sustainable. Your policy should also highlight how clients will pay for their services, there should also be a contract with the clients specifying all liabilities and requirements in your contracts with them, and your intended means of communication with the clients.

While outlining your policy, don’t overlook emergency and contingency plans, and ensure also to have a certified veterinarian contact info, a vet release info and pet guardianship form.

  1. Market your Business

We have always made the point that no matter how well a business is set up, no one will know about your business or patronise your business if you don’t market it. Your duty it is therefore to market your pet care business adopting any of the following marketing methods.

 Resources to help you get started with your pet care Business

Certification

Professional Organisations

Final thoughts

We believe that with the massive value we have provided here, you are now all geared up to start a pet care business. We have also included resources that will help you access help and get started with your business. The question now is, can we trust you with the information we have shared here? Will you be bold enough to take action with the information we have shared here? You can prove your readiness by taking that important bold step now.

What are your thoughts with regards to this practical guide and do you have any business idea you want us to write about? Let us know in the comment session.

Exit mobile version