As a college student entrepreneur, starting a moving business was one of your best ideas. College students are always needing to move into and out of dorms, apartments and shared rental houses. But as with any business, there are certain pitfalls to avoid in order to keep your company up and running smoothly. Here's how to keep your college moving business on the road.
Have Multiple Streams of Revenue
Your college moving business should offer more than just shifting boxes from one location to the other. Otherwise, during the off season when students aren't moving, you may find yourself with so little business income that you end up out of business altogether. Multiple streams of revenue will help get you through the slow times. Your moving business can sell all kinds of ancillary services, such as:
- Moving boxes, tape and other supplies
- Delivery services for when students buy large items online and need them delivered
- Music equipment moving for college bands who need to transport gear to gigs
Have a Second-String Moving Team Available
College students have famously irregular schedules, and can sometimes be unreliable. If your workforce consists of fellow students, you may find yourself short of manpower on a day when you have a long list of customers who need you to move them.
Have a second- or even third-string moving team lined up in case you need them. These can be guys who can show up at the last minute to fill in if a member of your starter team falls through. Make the arrangements ahead of time so you're not scrambling to find people willing to help out.
Trucks and equipment have a tendency to break down when you need them most. If you're in the middle of a moving day and your transportation breaks down, you could lose a lot of money, as well as current and future customers.
Anticipate breakdowns and have a plan in place for emergencies. Establish a relationship with a mobile truck repair service in your area so you have a contact to call if you need a truck repair fast. For smaller emergencies, keep a toolbox inside the truck, and train your movers on minor repairs like changing a tire, replacing a windshield wiper or adding coolant to the radiator.
Your college moving business could prove so lucrative that you continue it well after you've graduated. Use these tips to keep moving forward in your business endeavors.