Is it a good idea to start a moving company?

Is it a good idea to start a moving company?

If your entrepreneurial spirit is looking for an industry that is stable in any market, starting a moving company is a sound choice. While you’ll need a few things to get started, the overall start-up costs are fairly low. And, since almost 80% of moves are in-town, the overhead costs are even lower. Thousands of people each year move without hiring movers (DIY MOVE) with no problem. But, that’s not saying it’s an easy task. Even when hiring movers, the moving process can be stressful, but deciding to move yourself without hiring movers is even more tough. Why do moving companies charge so much? Moving companies seem to charge a lot of money because they have a lot of expenses to cover: from labor for packing and loading the moving truck in any circumstance to fuel costs and equipment fees, you can be sure your money is being well spent. If we consider the total size of the US moving market of $19.4 billion and the total number of companies across the country (18,477), the average turnover per moving services business in the US is about $1,050,000 per year. Moving can be stressful. In fact, 38% of survey respondents said moving is more stressful than parting ways with a significant other, according to Move.org, a relocation resource. Moves can be costly, often much more so than what many plan for. The demand for moving services has climbed with the rising homebuying and rental markets over the past year, leading to disruptions in availability. In 2021, 71% of moving companies reported delays due to high demand and a labor shortage, according to industry data.

Is moving jobs a good idea?

Changing jobs will help strengthen your skillset, diversify your experience and help you grow as an asset to a company. “That’s why it’s something we encourage – and it’s why we find diversifying our people’s experiences with a job or career change within the company – is a real strength. Career growth A move might be worth it if the position offers an opportunity for immediate or potential growth. A significant salary increase, sign-on incentives, a promotion or access to more connections in your line of work are all excellent reasons to consider relocating.