Most professional dog groomers have taken care of their own dogs for years and offered their grooming services to their neighbors, friends and family. If you’re just like one of them, you’re probably having a good reputation in your neighborhood and you’re on your way to building a large client list. When you’re at this stage, you are only a few steps away from setting up your own business. But before you do, you should first know the pros and cons of setting up a dog grooming business.

Since any kind of business requires you to deal with clients, create a marketing plan, follow laws governing your business and understand the liabilities associated with starting up your own business, you need to be prepared. Here’s a list of pros and cons in opening your own dog grooming business so you can make an informed decision:

Friendly dogsPROS

-You don’t have to answer to an employer because you will become your own boss.

– You don’t have to wake up early in the morning and work for 8 hours. You can set up your own schedule and work when and where you want to.

– You have the power to earn more money by working overtime. Your earnings will not be limited by a paycheck.

– You control the failure or success of your business.

– You can choose your partners, employees and clients.

CONS
– Since there is no steady paycheck, cash flow can be uncertain.

– You need to complete the bookkeeping and tax paying on your own, or hire a person to do this and you have to keep him on payroll. In addition, since taxes are involved, you need to report your income to the IRS.

– To earn more money than your past paychecks, you need to work longer hours and lift heavy objects, like huge dogs and equipments.

-Not all dogs are created equal, so it is possible to face aggressive dogs and risk possible injuries. The same goes with pet owners – some can be rude or snarky.

– You will not earn a cent if you get sick, take a vacation or run for an emergency.

– If you plan to open a store, it becomes at risk of disaster, theft and other problem that may result in loss of money.

– You have to maintain an insurance coverage and bonding fees should a client sue you for injuring a dog.

Just like any other business, setting up your own dog grooming business like Prime Pooch means you will have no safety net. Your business may sink or swim. But if you feel that your love for dogs and grooming experience is worth setting up a business, then consider these pros and cons before you decide.