Start a Holiday Decorator Business by following these 10 steps:
- Plan your Holiday Decorator Business
- Form your Holiday Decorator Business into a Legal Entity
- Register your Holiday Decorator Business for Taxes
- Open a Business Bank Account & Credit Card
- Set up Accounting for your Holiday Decorator Business
- Get the Necessary Permits & Licenses for your Holiday Decorator Business
- Get Holiday Decorator Business Insurance
- Define your Holiday Decorator Business Brand
- Create your Holiday Decorator Business Website
- Set up your Business Phone System
There is more to starting a business than just registering it with the state. We have put together this simple guide to starting your Holiday Decorator Business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.
Exploring your options? Check out other small business ideas.
STEP 1: Plan your business
A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:
- What are the startup and ongoing costs?
- Who is your target market?
- How much can you charge customers?
- What will you name your business?
Luckily we have done a lot of this research for you.
What are the costs involved in opening a Holiday Decorator Business?
The initial costs for a holiday decorating business are fairly low. On the low end, your costs may be around $1,500. On the high end, your costs could be over $30,000, but events this expensive tend to be rare. You can start this business out of your home, and all you need is decorations, tools, and some advertising.
What are the ongoing expenses for a Holiday Decorator Business?
You will have ongoing costs associated with a holiday decorator business, such as storage space. You will need storage for all of the decorations and tools you need for decorating. You also have the cost of your employees and any equipment that you might need. Additionally, you need to pay for business insurance.
Who is the target market?
Your target market is going to include a wide range of people. First, of course, you are going to get residential customers, but do not forget about businesses. Businesses are often in a position to spend more money than an individual on decorations.
How does a Holiday Decorator Business make money?
You make money with holiday decorating by charging for your decorating services. You create a menu of options that you provide and charge for those services. For example, you can charge for individual items and then offer packages.
How much can you charge customers?
It is possible for you to charge around $1,000 depending on the type of job you are performing. For example, if you are doing extensive decorating, you may end up charging more than $10,000.
How much profit can a Holiday Decorator Business make?
Depending on how many employees you have on your team and how many spaces you decorate, you can be highly profitable in a short period of time. It really is possible for you to earn anywhere between $50,000 to $100,000 depending on how big the decorating jobs are that you are completing.
How can you make your business more profitable?
One of the key ways to make your holiday decorator business more profitable is to expand to every possible holiday for decorations. Christmas is the first one that comes to mind, but Halloween is another key holiday for decorations. You should consider ways to expand to other holidays like Labor Day, Memorial Day, and Easter. In addition, you can expand to other events, such as weddings, birthdays, and graduations.
What will you name your business?
Choosing the right name is very important. Read our detailed guide on how to name your business. We recommend checking if the business name you choose is available as a web domain and securing it early so no one else can take it.
STEP 2: Form a legal entity
Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your Holiday Decorator Business is sued.
Form Your LLC
Read our Guide to Form Your Own LLC
Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services. You can choose to hire a registered agent or act as your own.
STEP 3: Register for taxes
You will need to register for a variety of state and federal taxes before you can open for business.
In order to register for taxes you will need to apply for an EIN. It's really easy and free!
You can acquire your EIN for free through the IRS website, via fax, or by mail. If you would like to learn more about EINs and how they can benefit your LLC, read our article, What is an EIN?.
Small Business Taxes
Depending on which business structure you choose, you might have different options for how your business will be taxed. For example, some LLCs could benefit from being taxed as an S corporation (S corp).
You can learn more about small business taxes in these guides:
- LLC Taxes
- Sole Proprietorship vs LLC
- LLC vs Corporation
- LLC vs S Corp
- How to Start an S Corp
- S Corp vs C Corp
There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.
STEP 4: Open a business bank account & credit card
Using dedicated business banking and credit accounts is essential for personal asset protection.
When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil.
Additionally, learning how to build business credit can help you get credit cards and other financing in your business's name (instead of yours), better interest rates, higher lines of credit, and more.
Open a business bank account
Besides being a requirement when applying for business loans, opening a business bank account:
- Separates your personal assets from your company's assets, which is necessary for personal asset protection.
- Makes accounting and tax filing easier.
Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.
Open net 30 accounts
Net 30 accounts are used to establish and build business credit as well as increase business cash flow. With a net 30 account, businesses buy goods and repay the full balance within a 30-day term.
NetMany net 30 credit vendors report to the major business credit bureaus (Dun & Bradstreet, Experian Business, and Equifax Business Credit). This is how businesses build business credit so they can qualify for credit cards and other lines of credit.
Recommended: Read our best net 30 vendors, guide and start building business credit.
Get a business credit card
Getting a business credit card helps you:
- Separate personal and business expenses by putting your business' expenses all in one place.
- Build your company's credit history, which can be useful to raise money later on.
Recommended: Apply for an easy approval business credit card from Divvy and build your business credit quickly.
STEP 5: Set up business accounting
Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.
Make LLC accounting easy with our LLC Expenses Cheat Sheet.
STEP 6: Obtain necessary permits and licenses
Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.
STEP 7: Get business insurance
Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.
There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.
Learn more about General Liability Insurance.
Another notable insurance policy that many businesses need is Workers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.
STEP 8: Define your brand
Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.
If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners, we'll give you helpful tips and advice for creating the best unique logo for your business.
If you already have a logo, you can also add it to a QR code with our Free QR Code Generator. Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.
How to promote & market a Holiday Decorator Business
The best way to promote your holiday decorator business is through friends and family. Decorate your own home and decorate theirs too. If you know business owners, see if you can decorate their businesses. Then you can leave business cards and flyers with them. When someone hires a decorator, they want to see examples of the work you can do.
How to keep customers coming back
The best way to attract customers is to show off your skills. You have to continue to do an excellent and creative design job to encourage customers to want to continue to use your services.
Still unsure about what kind of business you want to start? Check out the latest Small Business Trends to help inspire you.
STEP 9: Create your business website
After defining your brand and creating your logo the next step is to create a website for your business.
While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.
Here are the main reasons why you shouldn’t delay building your website:
- All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
- Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
- Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.
Using our website building guides, the process will be simple and painless and shouldn’t take you any longer than 2-3 hours to complete.
STEP 10: Set up your business phone system
Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.
There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2022 to find the best phone service for your small business.
Recommended Business Phone Service: Phone.com
Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.
Start a Holiday Decorator Business in your State
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
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Is this Business Right For You?
The ideal person for a holiday decorator business is someone that has a large amount of passion for events and the holidays. This business takes a large amount of dedication and effort. This business is intended for someone that is creative, handy with tools, and has a love of presentation.
Want to know if you are cut out to be an entrepreneur?
Take our Entrepreneurship Quiz to find out!
What happens during a typical day at a Holiday Decorator Business?
A typical day for a holiday decorator involves organizing the work you have for the day. You must know your jobs in advance and make sure you have the proper decorations and tools. You should organize all the items you need for each job and then go decorate. You also may need to handle the administrative side by making sure you are paid for the work you do.
What are some skills and experiences that will help you build a successful Holiday Decorator Business?
While you do not need specialized training to be a holiday decorator, you do need creativity. Unfortunately, there is no official training, but having experience decorating is a plus.
What is the growth potential for a Holiday Decorator Business?
There is a good amount of growth potential for a holiday decorator. You can choose how much you want your business to grow. However, you will likely grow fastest by word of mouth.
Take the Next Step
Find a business mentor
One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.
Having a support network in place to turn to during tough times is a major factor of success for new business owners.
Learn from other business owners
Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.
Resources to Help Women in Business
There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:
If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.
What are some insider tips for jump starting a Holiday Decorator Business?
The competition can be fierce for this type of business, so it is advisable that you understand the market and know where the demand is. This will help you start off on the right foot.
How and when to build a team
You may only have a few weeks to put up holiday decorations, so you probably want a set of employees to help decorate. Due to the seasonal work, you want to do as much work as you can in a short amount of time. Therefore, it is a good idea to build a team as soon as possible.