5 Things You Should Know About Cleaning Industry and Its Potential

The number of small businesses keeps increasing and some of the offices these companies work intend to get really messy. Since bringing in-house cleaning staff isn’t an option for most small businesses out there, they usually end up hiring a cleaning company to get the job done. This means that the cleaning industry is doing very well at the moment and it seems like there’s still enough place for more people to enter it. And if you want to start a cleaning business, here are 5 things you need to know about the cleaning industry and its potential.

The industry is growing

According to some reports, the cleaning industry is one of the fastest growing fields in the US. More precisely, the industry has recorded a 6.6% growth over the past 10 years. As we mentioned above, the need for companies that offer cleaning service keeps increasing and the numbers are guaranteed to go up in the future. The industry is estimated to be worth around $78 billion which is another reason why starting a cleaning business makes a lot of sense. With the way the market looks at the moment, anyone willing to enter the industry can make a profit.

Competition is stiff

Even though we’ve mentioned previously that there’s still enough space for new cleaning businesses to be started, this can get a bit tricky. The thing is, starting a cleaning business requires no formal education and anyone can do it. Those who have been operating for a few years already have their client bases and work on attracting even more of them. This means that surviving the early days isn’t going to be easy. You need to do your best to attract your first clients and give them a reason to come back.

Franchising is the way to go

When starting a cleaning business, you’re provided with two options. You either go solo or you buy a franchise. Many rookie entrepreneurs feel like working on their own is the way to go, only to end up failing after the first few months. But franchising comes with plenty of benefits including better marketing and increased profitability. Not to mention that it also reduces the risk of failure and losing the money you invested. The franchise will help you learn how to start a commercial cleaning business and provide you with a list of tools you need to in order to start operating.

Having a business plan is a must

You can’t start a business without a business plan. After all, how are you going to know what your next step should be once you put up that “open for business” sign? Having a well-written business plan is also critical because if you fail to get everything right from day one, dissatisfied customers might end up not coming back and turning to your competitors instead. When creating your business plan, you need to take into account that the industry is growing and that these changes could affect your business. Ideally, you’ll grow with the industry and expand your operations.

Specialty services could work

With the way the cleaning industry is right now, offering specialty services is also a legit business idea. You can specialize in cleaning carpets or event venues in order to make the name for yourself. Finding clients could become a lot easier if there’s a service you’re famous for. On the other hand, offering specialty service means you need to possess expertise which is something budding entrepreneurs tend to lack. On top of this, special equipment might be needed as well and this is guaranteed to hurt your budget. Your safest bet is to start a regular cleaning business and think about offering specialty services later.

All in all, starting a cleaning business can really pay, especially when you take into consideration how well the industry will do in the future. If you’ve been thinking about entering the industry, now is the perfect time to do so.