Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$66

$700

Inventory Expenses

$350

$14,750

Vehicle Expenses

$2

$10,004

Software Expenses

$162

$3,069

Advertising & Marketing Costs

$75

$4,786

Total Startup Costs

$1,629

$52,576

FireAvert

fireavert.com

1,044,868

Fireline

fireline.com

1,305,517

State Line Fire & Safety

statelinefireandsafety.com

1,638,315

Keller Fire

kellerfire.com

3,389,795

Commercial Fire

commercialfire.com

3,679,821

Fire Law Blog

firelawblog.com

4,313,235

Comatrol Systems

comatrol-systems.com

4,420,114

Fire-X Corporation

fire-x.net

5,209,193

Max Security Inc.

maxsecuritydenver.com

5,315,841

Total Fire and Safety

totalfire.com

5,882,355

Summit Fire Protection

summitfire.com

6,140,934

Flexibility

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.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a fire safety business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

High margins

The gross margins for your fire safety business are typically around 22%, which is considerably high and allows you to grow your business and manage costs easily.

Easy to encourage "impulse buy"

In the fire safety business, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Low margins

The gross margins for your fire safety business are typically around 22%, which can make it more challenging to incur new expenses and maintain profitability.

High employee turnover

In the fire safety business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

High overhead expenses

With starting a fire safety business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With starting a fire safety business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.