You may be passionate about your hobby of dog walking and see potential to turn it into a business. You may also receive interest from your local community. It's a great idea to turn your passion into something that can support you financially, but you must first consider the practical aspects of starting a business to ensure that it has a bright future.
This blog will offer a brief overview into how to put forward the administration requirements in order to start your own dog walking business.
Registering your new business
Your town might require that you register a business license. It is important that you make sure that you are operating your business legally. In the case of dog walking businesses, they are usually formed as limited liability companies (LLCs) or sole proprietorships.
An LLC makes a clear distinction between what is a personal asset and what is a business asset, making it limited to what you are personally liable for if the business suffers. A sole proprietorship is an individual business where personal and business assets are not made separate.
Think about taking out insurance
There is a specific type of insurance that can cover professional dog walkers and other people who have a professional responsibility for animals. Make sure that you do your research and find the right insurance for you.
Market to your local community
Make sure that everybody knows about the services of your new business in the community. Marketing is key, but with the help of a legitimate registered business you will be sure to set off on the right foot.
Source: The balance, "How to start a dog walking business," Mary Hope Kramer, accessed Aug. 25, 2017