Pros:
• High Demand – Moving is a service that is in constant demand. Families are relocating more often than ever before, businesses move more frequently to locations with better services and tax breaks, and individual people all over the world hire movers when they need to relocate.
• Established Industry – The moving industry is an established and stable industry with well-established needs. This means that the rules of doing business in the moving industry are already laid out, making it easier for new businesses to jump into the market.
• Low Startup Costs – Starting a moving company does not require a huge investment. All that is needed to get started are a few trucks and employees, and the cost of these can be kept low if you find used or rented equipment.
Cons:
• High Level of Competition – The moving industry is highly competitive with many different companies vying for customers’ attention. This means that you will have to work hard to stand out and build up a customer base.
• Need for Licensing – If you want to operate as a professional moving company, you will need to get the necessary licensing from your local and state governments. This process can be time consuming and costly, depending on where you are located.
• Insurance Costs – In order to be a successful moving company, you will need to invest in insurance. This can be costly depending on the size of your business and the types of services you offer.
• Physical Demands – Moving is an inherently physically demanding job. You will have to make sure that your employees are physically fit and able enough to handle this kind of work.
• Potential for Injury – Injury is always a potential hazard when it comes to moving heavy items. You will need to take all the necessary precautions to ensure that your employees remain safe while on the job.