Wondering how to start a data storage business? We take you step-by-step from start to success.
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Creating Business Plans for a Data Storage Business
Does your data storage business have a business plan? If not, your company is lacking a critical business tool. With the right ingredients, your data storage company's business plan will serve as a blueprint for success.
To assist your efforts, you may want to consider enlisting the aid of a professional business plan writer.
Time and time again, the best entrepreneurs we see rely on professionally crafted plans to guide their decision making. But no matter how skilled they are, business plan writers can't be effective without the direct input of the business owner.
Startup entrepreneurs are well advised to materially participate in the writing process, even after they have engaged a proven professional.
Check Out Competitors
Before you open a data storage business in your area, it's essential to find out how you will fit in the competitive landscape. We've provided the link below to help you get a list of local competitors nearby. Complete the form by entering your city, state and zip code to get a list of data storage businesses that are close by.
If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.
Finding a Non-Competitive Business Mentor
If you want to open a data storage business it's a smart move to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a data storage business in a different city may be willing to share their entrepreneurial wisdom with you, given that you don't compete with them in their area. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. 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.
How do you locate an owner of a data storage business that lives outside of your area?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Should You Buy or Start a Data Storage Business?
Tough decisions are what business ownership is all about. And one of the first decisions you'll have to make is whether to start a business from scratch or buy an existing data storage business.
In general, purchased data storage businesses fare better than startups, at least during the initial few years. When you buy an established data storage business, you gain access to a functional business operation with a customer base and a steady revenue stream.
Entrepreneurs who are committed to a highly unique value proposition may need to pursue a startup approach. However, in today's business-for-sale marketplace, there is an abundance of data storage businesses worth considering.
Franchising May Be a Better Way to Go
Recognize that your chances of doing well in business zoom upwards when you franchise and benefit from the prior work of others and their lessons learned.
Before starting a data storage business, you may want to assess whether franchise opportunities in your space might help you avoid common entrepreneurial mistakes.
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 data storage business, these resources will come in handy:
If you came here to learn about selling to data storage businesses, this isn't the right place for you. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.