Pros:
1. Help businesses provide a safe working environment for their employees, protecting them from injury or illness.
2. Develop health and safety systems tailored to each business’s unique needs.
3. Provide expertise in areas such as training, safety protocols, compliance with regulations, emergency management, and more.
4. Ability to offer services on an as-needed basis or on a retainer agreement.
5. Opportunity to expand client base and increase revenue over time by creating partnerships and developing new products and services.
Cons:
1. Requires extensive knowledge of health and safety regulations and industry trends.
2. High startup costs associated with launching a business, including purchasing equipment and materials, acquiring necessary licenses/certifications, securing liability insurance, etc.
3. Businesses may be hesitant to outsource their health and safety needs due to cost or trust issues.
4. Intense competition from established firms and new start-ups.
5. Difficulty finding reliable vendors and suppliers for equipment, materials, etc.
6. Managing multiple clients’ health and safety needs can be difficult and time consuming.
7. Slow seasonality in certain regions due to weather or other factors can cause cash flow problems.
8. Possibility of litigation if something goes wrong on a client’s premises and safety is not up to standards.