What are the pros and cons of starting a dog training business?
A dog training business has a few pros and cons, which you should be aware of before getting started.
Here are the high level benefits and drawbacks of a dog training business:
|• Flexibility||• Crowded Space|
|• Ability to start your business from home||• Low margins|
|• Meaningful business connections||• Stressful work|
|• Pick & choose the clients you work with||• Time commitment|
|• Quick build time||• The job can be demanding|
|• Rewarding work||• Work is not always glamorous|
|• No overhead costs||• You'll spend a lot of time in the car|
|• You are your own boss!||• The job can be dangerous|
|• Local Community|
|• Face to face interaction|
|• Higher likelihood of getting referrals|
|• Simple business model|
|• You get to do something you truly love|
|• Daily physical activity|
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
• Ability to start your business from home
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
• Meaningful business connections
You never know who you will meet or get to work with for your dog training business. This could be the start of an incredible business opportunity!
• Pick & choose the clients you work with
Dog Training Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!
• Quick build time
The average time it takes to build your product is quick - typically around 7 months. This will allow you to bring your product to market faster.
• Rewarding work
Starting a dog training business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
• No overhead costs
To get your dog training business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
• You are your own boss!
With starting a dog training business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!
• Local Community
One of the best parts of starting a dog training business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.
• Face to face interaction
If you are the type of individual that thrives on human interaction, then this is the business for you! With a dog training business, you will be hands-on with customers and or employees every day.
• Higher likelihood of getting referrals
The dog training business is all about referrals, which is a very effective way of attracting and retaining customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.
• Simple business model
A dog training business has the advantage of a simple business model, which makes launching and building the business more seamless.
• You get to do something you truly love
With starting a dog training business, you get to put your energy into something you are truly passionate about! You'll find yourself devoting as much time and energy as possible into the business to make it successful.
• Daily physical activity
Dog Training Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.
• Crowded Space
Competition is high when it comes to your dog training business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
• Low margins
The gross margins for your dog training business are typically around 20%, which can make it more challenging to incur new expenses and maintain profitability.
• Stressful work
This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.
• Time commitment
With starting a dog training business, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
• The job can be demanding
This is one of the major disadvantages starting a dog training business. It's important to understand that you may need to make yourself available on a 24/7 basis.
• Work is not always glamorous
With starting a dog training business, you may need to get your hands a little dirty. Although it may seem glamorous from the outside to start this business, the work can require a lot of physical activity and repetition.
• You'll spend a lot of time in the car
Many dog training business offer their services outside of their office or home, which means you'll be spending quite a bit of time behind the wheel. You will also need to consider traffic and delays, which can be time consuming and take each job longer than expected.
• The job can be dangerous
Your dog training business can have its dangerous moments, which puts you and your employees at risk. It's important to consider all liability and put processes and procedures in place that will prepare you and your team.