The first thing you need to do is check out your competition. We have a list of all the rental companies and bounce centers in the United States. You will need to read up on what they are offering and read their promotions. If there is a whole aisle dedicated to those rentals, you might want to look elsewhere. Many other rental companies offer a lower price, or maybe you can get a better deal if you buy from the same supplier. A lousy seller may leave you with a bad-tasting taste in your mouth, and you will never be able to get them to come back. Other things to look out for are their insurance, do they have a return policy, they are established, and has their reputation been good in the market? All these are things to consider before you invest your money.
The next thing to consider is your financing. You should not buy a bounce house from a person that you have worked with before. We suggest that you find a new supplier that has excellent customer service. They should provide a good refund policy and have perfect payment arrangements. If you can not get along with your supplier, do not buy from them. Many times they will pull out at the last minute with no warning or explanation. The good news is we find different suppliers each year, and you can switch to someone that will be better for you. So this is your chance to build a relationship with a new supplier.
The final thing to consider is your personal history. The way you have treated your suppliers is an indication of how you will treat your customers. Often, a supplier will contract a business to a destination location, or the supplier will use the supplier that has a good reputation, or the supply contract seems like a good deal until the invoice comes. It is imperative that you do your homework and makes sure you will get a good deal. Please do not rely on a supplier to do his homework for you. You have to do your homework. As a result of your reliance on one source, you may be faced with a higher expense or have a delay in the delivery of the product. Do not make that mistake.
There are many things to consider when thinking about setting up your own rental business. Before you commit to any one location, market your business to many suppliers and make sure you are getting reasonable prices from several different places. Before you invest money in a property, be sure it is located in an area with good competition. A business with a solid local reputation can benefit your business in the long run.
Now, ask yourself are you:
- Willing to put in the time to learn the necessary tools of the trade: accounting, bookkeeping, marketing, sales, shipping and receiving, accounting software and software support, financing, negotiation, contracts, taxes, risk management, banking, and insurance.
- Willing to invest your money into your business until it is a GO.
- Willing to work hard at being a good business person and providing a quality product or service.
If your answer to any of the above questions is NO, you may want to reconsider your business choice. If you answered YES to these questions, then you are ready to start your own business.
If your answer to any of the questions above is YES, you are almost ready because you are about to learn how to succeed in the business world.
So, what are you waiting for? Are you looking for new business opportunities? Contact the person who referred you to this article and let him know what your thoughts are. He will be happy to hear from you.