Tag Archive: business

Starting Portable Toilet Rental Business

portable potty

Are you planning to run a portable toilet rental business? With the increasing demand for outdoor events nowadays, the demand for portable toilet rental has increased as well. Renting a portable toilet has deemed to be the solution for an event organizer to cater to the needs of guests or event goers. Therefore this rental business opportunity is going to increase as well. Today we are going to share top tips and guide in starting your own portable toilet rental business.

Deciding The Investment

toiletThe first thing to do when you are starting the portable toilet rental business is to decide on the investment which is the portable toilet itself. Decide which brand and type you are going to buy. Check for reviews and customer’s feedback. Do learn about the warranty given by the supplier. You may also check what brand and type your competitors are using.

After you decide the brand and type to buy, now it’s time to determine how many units you are going to buy. This depends on how much capital do you have available. The more you buy, the more capital you will have to prepare. Check whether the supplier can offer any installment facility. Taking an installment facility may have an additional interest cost, but it will help with your company’s cash flow. www.addplant.co.uk is one of the companies that can help you with getting portable toilets.

Calculating Rental Cost

cashYou will need a small truck to deliver the portable toilet back and forth from your place to the client’s place. Therefore you must calculate how much you are going to charge for delivery. Then the delivery cost has to be added to the initial rental cost.

You will also be needing a maintenance cost for your units, particularly for the cleaning cost. This cost also has to be added in the equation. Also, check how much your competitor’s rental cost is. You don’t want to put a much higher price than what the market has received.

Promoting Your Service

Promotion and advertising play an important role in increasing your sales. Start thinking about what promotion or event you are going to held to announce the opening of your business. Collect the list of event organizer companies in your town and try to introduce your service to them.

Do set up an online platform to advertise your service as well. Open an Instagram account and set up a facebook account as well. If possible, create a website for your company for better credibility. Don’t forget to ask for customers’ review and testimonial to put in your online pages to gain trust from new clients.

Importance OF Having A Business Attorney

men

Some people say that the only time a corporation should look for a business bankruptcy attorney is when it intends to file for bankruptcy protection in the courts. This is a shortsighted view of the role of a business attorney. It is not good to have a bankruptcy attorney only when the business files for bankruptcy in the courts. An ongoing business should have at least one lawyer  on its payroll even if they manage their finances well, and the possibility of filing bankruptcy proceedings in court is remote.

If a well-managed business firm gets the highest credit rating in a bank, the firm is entitled to the lowest interest possible in line with the supply and demand for loans. Thus, the savings in the interest costs of the loans that the company incurs will be more than the makeup for the cost of hiring a business bankruptcy attorney.

Benefits Of Using a Business Attorney

employeesYou can give the job of scouting for a bank that gives the lowest interest rate to a business attorney. One way to do it is to divide the loan amount needed amongst many banks and in future use only the banks that give the fairest interest rates.

Just as a debtor may have trouble with his creditors because of his bad habits in handling money, a business firm could also get into trouble with the banks because of bad business practices. But these bad business practices need not necessarily be the fault of the company.A good bankruptcy attorney is always ready to take care of such situations for the company.

Bankruptcy proceedings are a very complicated matter. The purpose of bankruptcy proceedings is to enable a firm to utilize its resources efficiently while it is paying off a debt that is difficult to service. While a firm needs to pay its loans, this obligation should not hamper its goal of attaining its objectives.

This is the reason why hiring a business attorney complements the hiring of other much needed financial consultants. The business bankruptcy attorney and other financial consultants could contribute much-needed expertise in the top echelons of the company on how to efficiently manage their employees, money and resources. Good decision making by these professionals will more than adequately compensate for the cost of keeping them on the payroll.

Reasons For Having a Bankruptcy Attorney

Some people have a shortsighted view of the purpose of modern bankruptcy laws. They think that the purpose of modern bankruptcy laws is to make it harder for creditors to collect from debtors. But that is hardly what the law is about. The purpose of modern bankruptcy laws is to help both creditors and debtors in settling their mutual obligations to each other for the mutual benefit of both parties. They are not designed to make debtors benefit at the expense of creditors, but to enable both parties to gain in a debt proceeding.

man typing on laptopA good understanding of the purpose of modern bankruptcy laws, particularly Chapter 13 and Chapter 11 law, will help debtors and creditors attain their objectives more efficiently when dealing with each other. Therefore, the service of a bankruptcy attorney is indispensable to any business whether the business is contemplating filing for bankruptcy or not. Also, the service of a bankruptcy attorney is also indispensable to creditors because it will enable creditors to collect on their loans in the most advantageous way while at the same time benefiting their debtors.