Any advice for someone who may want to start a small tree business? I'm considering a career change and wanted to look into doing light tree work. I'm mid 40s and don't mind working hard. It wouldn't be a full time job but I think I could stay busy with small jobs. Probably more like a small handy man business that does light tree work. I have property where I can haul trees and burn/process wood into firewood. Delivering firewood would be part of the equation too. I'm thinking I would like to buy a stump grinder (~$5-7k) and be able to offer that service. I have a 12ft utility trailer already and hope to buy a tractor with a loader (or potentially a skid loader). We own 10 acres of land that we hope to build on in the next couple of years. I'll need a tractor or skid steer to aid in the build/maintain gravel driveway/etc...
Did you form a LLC or a corporation? Why? Do you need an accountant for things like taxes? How expensive is insurance? I'm guessing there are different type of insurance and you get what you pay for. My target market is in my neighborhood where we have ~20 year fruit trees that were planted in peoples front yards and they are dying/getting too big. I'm not a climber nor do I intend on climbing (pretty sure that is a difference for insurance). I would eventually like to purchase a vehicle for the business. I was hoping to get this going and let the business absorb things like a monthly cell phone bill and internet.
Just thought I would reach out and see if anyone has advice. Things you would do the same and things you would do differently. Not that it matters, but I have a business degree and I have experience running a business with about 50 employees. I enjoy running and maintaining chainsaws. I'm very much a DIYer. Thanks in advance!
Did you form a LLC or a corporation? Why? Do you need an accountant for things like taxes? How expensive is insurance? I'm guessing there are different type of insurance and you get what you pay for. My target market is in my neighborhood where we have ~20 year fruit trees that were planted in peoples front yards and they are dying/getting too big. I'm not a climber nor do I intend on climbing (pretty sure that is a difference for insurance). I would eventually like to purchase a vehicle for the business. I was hoping to get this going and let the business absorb things like a monthly cell phone bill and internet.
Just thought I would reach out and see if anyone has advice. Things you would do the same and things you would do differently. Not that it matters, but I have a business degree and I have experience running a business with about 50 employees. I enjoy running and maintaining chainsaws. I'm very much a DIYer. Thanks in advance!