Barrier of entry - Start up costs for a Land Clearing / Fire Mitigation Business
Specific to CTL Forestry Mulchers: I realize this is a long post however, I certainly can’t be the one asking these things. Here just a few costs I thought of when forecasting expenditures: Purchasing equipment, proper and legal transport, storage or building facilities, initial marketing, branding, logo, website etc., licenses, permits, and insurance to operate legally just to name a few. I think it’s safe to say most of us can forecast the cost of machines and transport however, If anyone can list anything I overlooked and $$$ amounts for the other items it would help greatly. 1. Where/How did you get money for start up costs? Savings, family, friends, sell another company, available grants, SBA, finance through a dealership (did they have a credit score threshold)? Etc. 2. Rent for a while or buy? For me, I’m leaning towards buying because of the warranty and service. Seems to be more potential cost and downtime with used equipment. However, if a purchased machine is NOT working on a job, you’re losing money. 3. I heard on one of Austin’s videos that when you purchase a machine and it has to go in for warranty work they will bring out replacement machine for you to use while the other one is in the shop. However, you HAVE to negotiate for this and get it in writing. Please chime in if you have personal experience with any of this. Edit: A lot of this is covered here - https://landclearingbusiness.com/how-to-start-land-clearing-business