Thinking about opening a concierge services business? We tell you what you need to know to get started.
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Creating a Business Plan for a Concierge Services Business
A common mistake for a small business owner is to not create a business plan.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. The absence of an effective business plan inevitably results in impulsive leadership, choosing short-term opportunities at the expense of long-term benefits.
The first step in creating a business plan is to develop a mission statement for your organization. From there, it's time to initiate the hard work involved with writing the rest of your concierge services company's business plan.
Well in advance of opening a concierge services business in your town, it's essential to see how many competitors you have. Try our link below to generate a list of competitors in your area. Simply enter your city, state and zip code to get a list of concierge services businesses in your town.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
As part of your due diligence on opening a concierge services business, it's a smart move to have a conversation with someone who is in the business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.
However, a fellow entrepreneur who has started a concierge services business in a different city may be willing to share their entrepreneurial wisdom with you, once they realize that you are not going to directly compete with them in their community. In that case, the business owner may be more than happy to discuss the industry with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Do you know how to find a concierge services business owner outside of your area who is willing to talk?
Here's one way to do it. Just use our link below, find somebody and call them.
Benefits of Buying a Concierge Services Business
On a percentage basis, more entrepreneurs intend to enter concierge services business ownership through a startup than through a business purchase. But the harsh reality is that startup concierge services businesses experience a high failure rate compared to entrepreneurs who buy existing concierge services businesses.
The decision of buying vs. starting a business shouldn't be taken lightly. While other startups are just getting on their feet, a business purchase dramatically improves the odds that your concierge services business will be realizing net income from the outset of your ownership engagement.
The chances of being a successful business owner zoom upwards if you buy a franchise and benefit from the prior work of others and their lessons learned.
Before you get too far along in your plan to open a concierge services business, a smart move is to investigate whether there are good franchise opportunities available that might increase your chances of success.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
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 concierge services business, these resources will come in handy:
If you sell to concierge services businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.