Table of Contents
Additional titles in Entrepreneurs Startup Series
Start Your Own
Arts and Crafts Business
Bar and Club
Bed & Breakfast
Business on eBay
Business Support Service
Car Wash
Child Care Service
Cleaning Service
Clothing Store
Coin-Operated Laundry
Consulting
e-Business
e-Learning Business
Event Planning Business
Executive Recruiting Service
Freight Brokerage Business
Gift Basket Service
Grant-Writing Business
Home Inspection Service
Import/Export Business
Information Consultant Business
Law Practice
Lawn Care Business
Mail Order Business
Medical Claims Billing Service
Personal Concierge Service
Personal Training Business
Pet-Sitting Business
Restaurant and Five Other Food Businesses
Self-Publishing Business
Seminar Production Business
Specialty Travel & Tour Business
Staffing Service
Successful Retail Business
Vending Business
Wedding Consultant Business
Wholesale Distribution Business
Preface
Imagine creating the perfect business that allows you to work with someone you love, set your own hours and start making money with a minimal financial investment.
Youve just found it. The book youre holding is a blueprint for launching one of five hot businessesbusinesses that are in demand because people universally put a high value on their pets and treat them as treasured members of their family. There are three pet service businesses discussed in this book, including pet sitting/walking, dog training and pet grooming; as well as two retail businesses, which include pet food/treats, and upscale pet products. All of them appeal to the fundamental human need to take good care of their pets as well as the desire to shower them with lasting tokens of affection. At the same time, these ventures probably also appeal to a prospective pet-business owner like yourself because of your own love of animals. What better way to make a living?
There definitely is money to be made. According to a recent national pet owner survey, 69.1 million American households have at least one pet. So chances are excellent that people right in your own city or even your own neighborhood will be prospects for the services or products you offer. Take your business further afield by advertising, either through word-of-mouth, or in print or virtually, and youll expand your entrepreneurial horizons even further. Case in point: Cesar Millan, the worldrenowned dog behavior specialist (aka dog whisperer) found his calling as a child in the streets of Mexico, when he could always be found surrounded by packs of adoring dogs. After coming to the United States, his reputation grew thanks to some coveted media coverage, and he spun his unique communion with canines into a rewarding career. And you could, too!
OK, so maybe you wont get your own cable TV show or national acclaim like Millan has, but entrepreneurial success definitely is possible, even when theres a downturn in the economy. It does take commitment and patience, though, as well as enough start-up cash to work your way through the early phase of your new business, which is when income tends to be low. It also takes shrewd planning. So toward those ends, this book covers all of the steps necessary to establish a viable pet-focused small business, including:
Determining the demand for your service or product, and crafting a dynamic marketing plan to reach prospective customers
Establishing an effective business structure and naming your business
Setting up an efficient home office
Creating a viable business plan to serve as a roadmap to success
Identifying business professionals who can help you reach your financial and business goals
Purchasing the equipment and tools needed to ply your new trade
Buying or leasing a building for a retail pet business
Purchasing, storing, and tracking the merchandise you sell
Harnessing the power of the internet so you can sell your products and services without the expense of a bricks-and-mortar location
Manufacturing pet products and food
Recognizing when its time to hire employees and how to do it
Advertising your business to attract customers
Generating positive press for free
Managing your finances and understanding the relationship between income and expenses
Another important part of this how-to book is the advice youll find from successful, experienced pet industry professionals. Their comments and stories appear throughout this book, and will give you special insight into the issues that can impact your fledgling business. But what you wont find here is a discussion of industryspecifics like how to train dogs or how to give a pet a to-die-for clip job. Were assuming you already have those skills, or you plan to get some hands-on training from a qualified practitioner. What you will find is an affordable, fast-track route to establishing a pet business that can reap big kennel rations. So dig in. Youre in for a pawsitively exciting journey!
Barking Up the Right Tree
When you think back to your childhood, is there a warm and fuzzy memory of a four-footed or winged companion in whom you confided your deepest secrets? Do you gaze into pet-store windows and vicariously tickle the puppies under the chin? Or have you ever considered buying a sweater for your horse, some galoshes for your cat, or some Armor All for your armadillo? If so, then you understand what it means to be a pet loverand thats probably why youre interested in starting a career in the pet-care industry.
As you no doubt know, we Americans are in love with our pets. In 2004, we spent $34.5 billion on our cats, dogs, birds, fish, horses, and other pets, according to the American Pet Products Association (APPA). In 2005, that figure was expected to jump by another $1.4 billion, continuing a decade-long trend of pet-spending increases.
This is good news for aspiring pet-business owners like you. No matter whether youre interested in providing hands-on pet care or selling pet products like toys, food, and treats, the prospects for success in a pet-care business are excellent. Its easy to see why when you take a look at the APPMAs breakdown of the estimated $35.9 billion in 2005 sales across pet product and service categories:
Category | Estimated 2005 Spending |
---|
Food | $14.5 billion |
Supplies/medicine | $8.8 billion |
Veterinary care | $8.6 billion |
Live-animal sales | $1.6 billion |
Pet services (grooming and boarding) | $2.4 billion |
The strong growth in the [pet-care] industry demonstrates what an important role pets are playing in the lives of Americans, says Bob Vetere, APPA COO and managing director. They have become a part of the family. Spending across all sectors, from pet food and veterinarian care to toys and treats, reflects what lengths we are willing to go to for our pets.