The summer is scorching hot, and the last thing you want to do is turn on your oven. You’re looking for a way to cool off, and what better way than with some AC? According to Entrepreneur magazine, “A new air conditioning company can start up with less than $100.” So if you’ve been thinking about starting an AC company this summer, there’s no better time! Read our step-by-step guide below for all the information you need about getting started in the industry today. Make sure to take a look at blast portable ac reviews so you know average prices and know your clients.
Should you get a loan?
One of the best parts about starting an AC company is that it can be done with little to no money. There are three ways you may want to get financing when possible:
– Saving your own personal savings
– Taking out a loan from a bank or other lending institution
– Getting VC funding (which typically requires some equity)
If you’re considering getting a loan, talk to your potential lender before signing any paperwork. Make sure they understand what’s expected and how long you plan on taking for repayment so there aren’t any surprises later down the line. If you don’t have much in savings but still want to start up on your own terms, then take out a loan! As mentioned above, speaking with lenders ahead will give you an estimate of how much you’ll need.
Another option is getting VC funding, which typically requires some equity in the company. Be aware that this can prove to be difficult if your business is not a high-risk venture or doesn’t have an attractive upside with lots of potential for growth – both of these are important factors for investors to look at before investing their money into a new startup!
Regardless of what route you take, as mentioned earlier it’s best to consult your local government and/or trade association beforehand about all the necessary permits required for starting up. This ensures there won’t be any surprises when you’re ready to start operating legally in your area; additionally, understanding how much it will cost from the beginning means less stress down the line.