Thinking about opening a chocolate and cocoa retail business? We tell you what you need to know to get started.
(article continues below)
How to Draft a Chocolate & Cocoa Retail Company Business Plan
We know - writing a business plan can be a daunting task for a new entrepreneur.
But here's the good news: With a few tips, any entrepreneur can create a successful plan for their business. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.
As a launching point, take a look at the sample business plans other business owners have used to achieve success.
Investigate the Competition
Prior to launching a chocolate and cocoa retail business within your community, it's worthwhile to find out what the competition looks like. Use the link below to generate a list of competitors near you. After clicking on the link, type in your city, state and zip code to get a list of chocolate and cocoa retail businesses near you.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
After you've evaluated your local competitors, be sure to learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
However, a fellow entrepreneur who has started a chocolate and cocoa retail business in a different city can be a great learning resource for you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
Where would you find somebody who runs a chocolate and cocoa retail business on the other side of the country to talk to?
No problem! Just use the link below and try a random city/state or zipcode. Then start dialing for advice until you are successful.
Purchasing a Chocolate & Cocoa Retail Business
Many experts advise against starting a chocolate and cocoa retail business if you can buy an established operation. But as a chocolate and cocoa retail business buyer, you'll quickly discover that a business purchase isn't completely hassle-free.
There are no reliable shortcuts in buying a business. For most prospective business buyers, the first step is to contact a business broker.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Don't Rule Out Franchising
Franchised business startups give new business owners instant access to a proven workplace routine. Solid franchise opportunities equip startup owners with training and other resources designed to streamline workflows and operations.
With many chocolate and cocoa retail business franchise opportunities to choose from, we recommend visiting our candy and chocolate franchise directory to determine which franchisors are consistent with your vision and goals for your startup.
These interviews should be of interest to you.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you currently own a chocolate and cocoa retail business, these resources will come in handy:
If you sell to chocolate and cocoa retail businesses, we've got better information for you elsewhere on our site. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.