Starting a business is really hard. There is just so much to think about. First is having a good idea which I know a lot of people struggle with. Next you have to plan, research, market it and of course, finance it. There is a lot of risk involved.
Some people are comfortable with taking risks and some are not! Regardless of how you look at it, starting a business always involves some kind of risks. The great thing about starting a bounce house rental business is that you can control some of it and cater it to what makes you comfortable. You don't have to go all in.
If you're just starting out and especially if you're bootstrapping, i recommend go at it as a side hustle. Get 1-3 castles and start building up business. That's how most of these big rental companies got started. Once you pay them off, invest the profits into 1-3 more and repeat. You can do this until you are able to finally go at it full time.
This way, you are not only avoiding a big initial investment but you're also:
- TESTING THE MARKET: Chances are pretty good that there is a market in your area. People want to have fun but it will build up your confidence so you can sleep better at time.
- PERFECTING THE PROCESS: Going at it as a side hustle will give you a chance to understand the business better. Learn the ins and outs of operations, how to deal with customers and most importantly safety procedures. In order words, it will prevent you from biting off more than you can chew.
- FINDING OUT IF IT'S RIGHT FOR YOU: Let's face it..owning and running a business is not for everyone so going at it one step at a time will help you find out if this is what you want to do.
And best of all, you don't have to quit your day job to do it. Build it up until you are comfortable to leave your 9 to 5.