Budgeting to Grow Your Cleaning Franchise in the New Financial Year
With the new financial year upon us, many cleaning franchise owners will be considering their budgets and business projections for the twelve months ahead.
This presents a great opportunity to look back at previous successes but also to focus on the future and ways that your business can grow and become more profitable.
Here we look at some of the key budgeting considerations to make when planning to expand your cleaning franchise in the financial year ahead.
A key element of any business expansion is the workspace you have available, so if you are working from home or have a small office you may need to consider re-locating. If this is the case, try to consider rental or purchase costs and how much extra revenue this will allow you to generate.
If you plan for your cleaning franchise to do more work in the year ahead, you will have to think about the equipment you have available. Consider if you will benefit from buying supplies in bulk and if this will be cheaper in the long term, and if upgrading current equipment can increase overall efficiency.
A great way to expand your business is to offer services in new areas, but this means considering transport options. Depending on bus or rail connections may prove difficult when it comes to carrying equipment and maintaining punctuality, so you may have to invest in a business vehicle.
As your business grows and takes on far more cleaning work, you may need to think about hiring some help. Employing your own staff is a serious commitment for any small business, but when managed properly this can bring plenty of financial and operational benefits.
Letting potential clients know about the cleaning services you offer is essential to growing your customer base, so advertising is a key factor. Make sure to budget for key outreach activities such as leafleting and expanding the online visibility your company has on websites and social media.
Find out more
At MCS we offer fantastic franchise opportunities for dedicated cleaning entrepreneurs, with a wide range of support and financial advice provided to help your business flourish.
If you would like to build a commercial cleaning business with the assistance and brand recognition offered by an industry leading company, follow this link to find out more.