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How difficult is it to open your own welding shop in Maricopa Arizona
The general cost of running the business.
How much competition is in the area?
Is there a demand for welders in the area?
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david’s Answer
Hi, Jonathan,
I do not know welding, but I do know business and all businesses share similarities. Going into business is a big deal and needs careful consideration. Here are some possible items for your consideration:
- you need a physical location with adequate customer parking space. That can be costly
- you need business insurance and liability insurance for your work
- equipment is costly, but you know more on what you would need
- you need both tax advice and legal advice. Don't skimp on these two.
- you should have an advertising budget so people know of your business. This is an ongoing cost.
- you need to do quality bookkeeping of the business. It might be simple at first, but you will soon need professional help.
- with these costs, you still need sufficient funds to live on for the first six months or so before business sustains itself.
To get more info on business opportunities, I suggest you talk to a local business owner to see how business is. That may also open a door for you to possibly get a job there to build your experience. I wish you well.
I do not know welding, but I do know business and all businesses share similarities. Going into business is a big deal and needs careful consideration. Here are some possible items for your consideration:
- you need a physical location with adequate customer parking space. That can be costly
- you need business insurance and liability insurance for your work
- equipment is costly, but you know more on what you would need
- you need both tax advice and legal advice. Don't skimp on these two.
- you should have an advertising budget so people know of your business. This is an ongoing cost.
- you need to do quality bookkeeping of the business. It might be simple at first, but you will soon need professional help.
- with these costs, you still need sufficient funds to live on for the first six months or so before business sustains itself.
To get more info on business opportunities, I suggest you talk to a local business owner to see how business is. That may also open a door for you to possibly get a job there to build your experience. I wish you well.