The fact is that the business of tent rentals Toronto is an easy business to start. You need not have special qualifications or degree in order to start one. The basic things that you will need are as follows: capital, basic bookkeeping and accounting skills, determination to successfully run your business in the long run and advertisement plans. In this kind of business, there is also less maintenance required apart from the basic logistics that you will need like transportation of the tents to the location of your customer. Most of the high quality tents usually last up to 20 years without the need for maintenance and repair if they are properly handled. Since all of the business execution will take place in the location of your customer, a tent rental business can be done part time home business, just make sure that you have enough space to keep all of your tent supplies. This way, you will be able to save money that you would have to spend on weekly or monthly renting of office space.
What you need to do
- Develop a business plan. A successful entrepreneur draws sits down and carefully thinks of what he will need to do ahead- he creates a business plan. The business plan should be able to cover every aspect of how you would want your business to operate. It will include your capital and the number of tents that you will need to buy.
- Capital. The bulk of the capital that you need to raise will be spent on purchasing tents and also as a means of transportation to get the supplies to your customer. Depending on the scale of your business, you need approximately $50,000 or more in order to put up an average tent rental business.
- Purchase your tents. A large chunk of your investment will go to buying tents. The average cost of a high quality and brand new tent is approximately $10,000 or even more if the size is big which can accommodate more people. The best place to buy the tents is from suppliers that can offer you with discounts.
Means of transportation. You have to get a truck for your business which will serve as a means of transportation for the tents to the location of the customers. A truck that has been fairly used would suffice and will be able to serve this particular purpose.