A stump grinder is a major investment. Contractors share their ideas about buying stump grinders and the price of service for profit. Milling stumps is a business that may not make a lot of money on its own because of the expensive capital equipment needed to do the job. It can be a good way to earn additional income, but it is often better to add this service along with other services such as lawn care, tree pruning, etc.
Several factors can affect the total price, including stump size, project completion time, and stump type. Shredding stumps is an area that can be particularly risky because of the expensive capital equipment needed to get the job done. Thinking about a good business idea and having the skills to manage it is one thing, but getting the funds to start a stump shredding business is another. Avoiding grinding stumps could cause tree disease to spread through your roots and to other plants in your garden, ruining the hard work you've put into making your landscape healthy and lush.
Some common local, state, and federal records that a stump shredding company may need include a sales tax permit and an employer identification number if you plan to hire employees. Write a business plan that outlines the financial details and projected profits of the stump milling business. Most of your company's stump shredding jobs come from your existing tree work, such as when a team will already be on site trimming or removing a tree. Another thing to consider before buying a stump grinder, Patten says, is whether your insurance provider considers stump removal to be tree care work.
If you have recently had a tree removed, let Tidwell's Tree Service take care of grinding the stumps. After you have the idea, the next step in starting your stump shredding business should be to write a business plan. At a minimum, stump grinding team members should wear helmets, gloves, safety goggles, ear protection, long pants and steel-toed boots, says Shawn Cressman, president of Cressman's Lawn %26 Tree Care in Hellertown, Pennsylvania. If you are dealing with a larger stump or have several stumps of old trees to remove, renting a stump grinder may be your best bet to do it yourself.
A stump shredding company will have to set aside a budget to cover marketing costs on an ongoing basis. Developing a website can be a significant expense, but it can also give your stump shredding business greater visibility online. Establishing an accounting system for your stump grinding business is critical to the long-term success of your business.