Do you have acres of woods behind your home that no one seems to be using? Perhaps you’ve been cutting your own firewood, or maybe it’s just something you’ve always wanted to do as a side hustle, but now you’re finally going to make it happen. Starting your own firewood business isn’t difficult, and if you follow these five steps, you can get started in less than a month’s time. Just make sure you have the right equipment—and the right insurance—for your new business venture!
Starting your own business can be one of the most fulfilling ways to make money, as you have complete control over your time and output. But it’s not an easy process, and there are many factors to consider when starting any new business venture. For those looking to start their own firewood business, here are the 5 steps you need to take in order to get your wood business off the ground and running in no time at all!
Starting your own firewood business can be profitable, but there are some critical steps you’ll need to take before setting up shop. To start your own firewood business in 5 steps, follow these tips…
Step 1: Check The Market
People use firewood in their homes for many reasons. They burn it in the fireplace to generate heat, keep the house warm, and add ambiance. People use it during camping trips and when having a bonfire to enjoy activities like s’mores or a family get-together. Plus, people often use it as decoration for their home by arranging and piling it neatly into an attractive display. It is important to know that there are different types of wood with different properties: hardwoods are dense and contain fewer knots than softwoods. The type of wood used depends on what you are burning and how long you want it to last. Some examples of hardwoods include oak, beech, birch, maple, hickory, ash and elm. Softwoods include cedar and pine which tend to be cheaper than other varieties.
Step 2: Prepare Your Equipment
Thankfully, a chainsaw is not a requirement for starting a firewood business. In fact, one of the best decisions you can make is to borrow or rent your saw. This will save you money on the upfront cost and help reduce your risk if you are still learning how to use the equipment properly. Remember, safety comes first and proper equipment usage is paramount for anyone looking to start a firewood business. The next thing you’ll need is an axe (or two). It’s essential that every person operating a chain saw wears goggles and ear protection while they work. Furthermore, most people with more than 10 years experience in cutting wood wear chaps to protect their legs from debris when working with sharp objects. The most important tool is knowledge – learn as much as possible about which trees have what kind of wood and what it takes to maintain them.
Step 3: Get Insurance
The cost of fire insurance varies greatly depending on what types of protection you want. For example, public liability insurance (PLI) protects the company against lawsuits if it is sued for an injury on one of its premises or products. Occupiers’ liability insurance (OLI) provides protection to property owners who are injured or killed as a result of an incident in their premises caused by the negligence of the occupier. And Employers’ liability insurance (ELI) protects businesses from any responsibility for loss or damage sustained by employees arising out of, or in the course of, their employment with that business. It’s up to you which type you want to purchase, and this is when your attorney may be able to assist you more thoroughly. Finally, speak with a good insurance agent so they can assess your needs and help you find the right policy at the best price. If you’re going to get into business like this make sure you do it legally!
Step 4: Set Up An Office Section
In order to make sure that your customers are happy and satisfied, you need to provide a way for them to contact you. One way is to set up an office section in your backyard. This can be done by adding an open-air structure with an indoor area for when it’s cold outside or as a place for customers to wait. You should also put up signs about how often the office will be open for when the customer arrives at your location. If customers arrive before or after opening hours, then they will be able to write down their contact information on a note pad so that you can get back in touch with them as soon as possible.
Step 5: Spread The Word About Your Service
Now that you’ve established a successful business, it’s time to put yourself out there and get the word out. This includes advertising your service on local websites such as Craigslist, and regional classifieds like Craigslist’s regional boards in the area you’ll be providing firewood services. It also includes arranging with organizations that may want to use your service for their event or fundraiser, such as churches and schools. Don’t forget about using social media! Post on Facebook, Twitter, Instagram and other platforms that are appropriate for your company. Take a look at local markets as well–they can be great spots to show off what you do, even if they’re not ideal firewood spots.
This short guide will get you on your way to creating your own thriving firewood business. Just follow these five steps: • Start by defining the target market for your firewood. • Find sources of supply that allow you to purchase raw materials, be it logs or partially seasoned split firewood in bulk. • Find a competent team that has relevant experience and the desire to take ownership in order to properly execute tasks efficiently. • Take on some consulting from a specialist (even if it is just someone with experience in general business management) who can guide you through aspects of the business like financial planning, getting insurance coverage, maintaining permits, and organizing an operational process manual with written procedures and instructional standards.