Thinking about opening a custom photofinishing business? We tell you what you need to know to get started.
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Writing Tips for a Custom Photofinishing Company Business Plan
We know - writing a business plan can be a daunting task for a new entrepreneur.
There is nothing magical about a first-rate custom photofinishing company business plan. Business plans are entrepreneurial roadmaps that identify destinations for growth and the routes your custom photofinishing business will take to reach them.
Once your business plan is in place, you can use it for a variety of funding and planning functions.
Before you begin, we recommend reviewing a few sample business plans.
Investigate the Competition
Well in advance of opening a custom photofinishing business within your community, it's a good idea to find out how many competitors you have. We've provided the link below to help you find competitors near you. After clicking on the link, type in your city, state and zip code to get a list of custom photofinishing businesses near you.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
After you've evaluated your local competitors, the next step is to talk to somebody who is already in the business. If you think owners of nearby custom photofinishing businesses will give you advice, think again. Why would they want to educate a future competitor?
Fortunately, somebody who runs a custom photofinishing business in another town will be much more likely to talk with you, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Want the scoop on finding a custom photofinishing business entrepreneur outside of your area who is willing to talk?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
Purchasing a Custom Photofinishing Business
Many experts advise against starting a custom photofinishing business if you can buy an established operation. But as a custom photofinishing business buyer, you'll quickly discover that a business purchase isn't completely hassle-free.
As you would expect, there are a number of steps in buying a business. A business broker is the gateway to the buying process.
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.
Franchising May Be a Better Way to Go
Buying a franchise makes it a certainty that you are exposed to proven ideas from other franchisees and get strong support from the home office.
Prior to making the decision to open a custom photofinishing business, you should determine whether buying a franchise could help you on your entrepreneurial journey.
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 additional resources regarding getting started as an entrepreneur may be of interest to you.
If you currently own a custom photofinishing business, these resources will come in handy:
If you sell to custom photofinishing 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.