Logging has been a booming industry for centuries, and there’s no sign of it slowing down. In fact, logging companies may be in higher demand with the rise of affordable wood furniture that you build yourself from companies such as Ikea and Wayfair. If you have the general skills required to be successful in logging, such as using a chainsaw and heavy equipment operation, you could start your own business rather easily. If you’d like to learn what to consider when starting a logging company, we’ve got you covered; read on to learn more.
Attain Your Business License and Other Business Requirements
You can’t legally operate as a business, open a business bank account, and attain insurance without a business license and employee identification number (EIN). Depending on the bank and insurance agency, they may require you to bring additional documents. Once you’ve attained a business license, you can officially call yourself a business and your customers will know you mean business (pun intended).
Determine What Your Standard Procedures Will Be
Efficiency and productivity are vital in almost any industry, but it essentially determines the success of a logging business. One of the best ways to improve your efficiency and productivity is by having standard processes. Having a standard process will make logging go quicker, and it’ll be easier to hire other employees later on as they’ll know the expectations. Almost every logging company will choose one of three primary logging systems to boost their efficiency and productivity. These logging methods merely set out a standard procedure to follow; of course, there are advantages and disadvantages to each, so it’s important that you consider each option.
Try To Get a Woodlot
As a new company, it may be difficult to get your own woodlot, but woodlots are where your business will make the majority of its revenue. A woodlot is a designated acreage that only you have access to. Anyone who cuts down trees in your woodlot or tampers with the timber could find themselves in legal trouble. The best way to land your own woodlot is by developing relationships with landowners; nobody wants to work with someone they don’t like or trust. You can cultivate that trust by developing a professional relationship with the owner of the acres.
Other than attaining the equipment and all the business paperwork, the necessary considerations when starting a logging company is relatively standard. Remember—you may not be a logging company right away; you need to develop a customer base first. Many early companies will begin with offering tree removal services and work their way toward becoming a logging company. Starting a business is a journey, so make sure you enjoy it.