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Insurance is highly recommended for all business owners.If you hire employees, workers compensation insurance may be a legal requirement in your state.For example, your profits are likely to climb quickly on momentum.
There are many different ways to process bottled water. It comes from an underground formation and flows naturally to the earth's surface.
Purified drinking water is one that is processed to remove chlorine and other contaminants.
You will need business experience, contacts in the industry, and a working understanding of how water is purified.
No degrees are necessary but you may need special permitting and licensing from the government.
Or, you can grow more organically from sales profits.
Growing through leverage (bank loans) has its advantages.You will need to register for a variety of state and federal taxes before you can open for business.Recording your various expenses and sources of income is critical to understanding the financial performance of your business.Unless your plant processes public sources of water, like municipal drinking water, you are not usually required to disclose where you sourced it.Natural sparkling water is naturally carbonated water from a spring or well.Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.Our guide on starting a bottled water business covers all the essential information to help you decide if this business is a good match for you.Learn about the day-to-day activities of a bottled water business owner, the typical target market, growth potential, startup costs, legal considerations, and more!Taking the steps to start your own bottled water business can be a satisfying experience that allows you to make money while also helping your customers achieve a healthy lifestyle.The day-to-day operations of a plant depend largely on the type of plant you run.