Financial Planning for a Carpet Binder

It’s a pretty basic fact that most small businesses fail within the first two years of operation and while carpet binding does pay well it does have some tricky financial areas, in this part of our guide we will try to help you plan your way to financial success.

What do I need to get started:

Work Area

When thinking about how much you need to set aside for your new business remember you will need a large area to work with, the best possible layout would be a large rectangle as you will often need a 20’ - 30’ long work area just to bind a 10’ rug.  

Advertising Budget

In order to be successful people need to know you actually exist, currently we’ve had great success with local based internet advertising this can cost as little as $10.99/month and get you in front of hundreds of people every day and it doesn’t take many sales to recoup your costs.

Business Cards

Everyone expects you to have one so don’t let them down, prepare to pay up to $180 for a professional design and start off with having 500 printed, this should cover you for awhile as you get through the cash strapped startup phase.

Next Page (Buying your first binding machine)