When A Silk Purse Becomes A Sow’s Ear â?? Grab a Broom!
Not too long ago payday was one of the more joyous experiences of the week. Opening that pert, windowless envelope with a check in it, admiring all those lovely zeros behind a set of good, stiff numbers was the stuff dreamsâa new car, a family vacationâwere made of.
Today, however, the check of is more and more being replaced by a severance package, the end-of-the-year bonus by a pink slip and a cardboard box.
There is some good news, though. In these times of layoffs and economic uncertainty, the janitorial cleaning business is alive and well and enticing a good number of ambitious, hard-working people to grab a bucket and mop, roll up their sleeves, and hang a shingleâor scrub brushâabove their door.
Few businesses have shown such a solid growth over the last few years as the janitorial cleaning business. Because of the economic downturn over the last few years, companies continue to outsource much of their services, including janitorial and commercial cleaning services. According to the Building Service Contractors Association International, the business of keeping America’s office buildings, schools, and even parking lots sparkling and spotless is booming, worth approximately $128 billion by 2008 with an annual average growth rate of 7%.
Obviously, nowhere is the entrepreneur more welcome than in the office cleaning business. In the United States alone, it’s estimated that there are over 56,000 commercial janitorial cleaning companies, most of these small, family owned businesses and franchises.
Janitorial cleaners are one of the few businesses where potential earning the first year can exceed $40,000, net, with very little investment. Overhead is low with cleaning supplies and equipment relatively inexpensive. Working out of your home also helps to keep costs down. And because elbow grease is your primary product, it’s relatively easy to start the business on your own or with a trusted friend or family member.
When starting a business, it’s always a good idea to have a years worth of income in the bank. His amount can vary, depending on your economic obligations and expenses based on where you live. Fifty thousand dollars is often quoted as a good starting-off number. Because most contractors bill at the end of the month, this is another good reason to have enough cash in reserve so you can continue living a reasonable lifestyle.
What’s left is to decide on a company name and register it, obtain the appropriate licenses, devise a workable business and marketing plan, and you’re well on our way to having your own business, with no threat of a pink slip ever again.