Wondering how to start a defense consulting agency? We take you step-by-step from start to success.
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Tips for Writing a Defense Consulting Agency Business Plan
As a startup entrepreneur, you're learning that small business ownership can be a lonely career path. That's especially true when it comes to writing a business plan – the seminal document that will shape the direction of your new defense consulting agency.
Fortunately, you don't have to tackle your defense consulting agency's business plan by yourself. These days, there are tons of great resources and solutions available to support the business plan writing process.
If you're feeling overwhelmed, take a look at Gaebler's Business Plan Help section for a list of business plan writing resources.
Don't Ignore the Competition
Before you open a defense consulting agency within your community, it's worthwhile to find out what the competition looks like. We've provided the link below to help you find competitors nearby. Simply enter your city, state and zip code to get a list of defense consulting agencies in your town.
Is the local market large enough to support another defense consulting agency? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
After you've evaluated your local competitors, it's a smart move to talk to somebody who is already in the business. If you think owners of nearby defense consulting agencies will give you advice, think again. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a defense consulting agency in another town may be willing to share their entrepreneurial wisdom 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. If you are persistent, you can find a business mentor who is willing to help you out.
How does one go about finding a defense consulting agency manager that lives outside of your area?
It's easy. Here's a link you can use to find a mentor outside of your area.
Benefits & Drawbacks of a Defense Consulting Agency Acquisition
An acquisition can be a great way to enter defense consulting agency ownership. But it's important to evaluate the benefits and drawbacks of buying a business before you decide on either an acquisition or startup approach.
BENEFITS: A good defense consulting agency will deliver revenue and ROI from day one. Even more, the right defense consulting agency acquisition can place you in a market leadership position from your first days as a business owner.
DRAWBACKS: However, purchased companies can also come with pre-existing challenges and/or liabilities. Ultimately, it may be more difficult to tailor a purchased business to your ownership style.
Consider Buying a Franchise
Owning a franchise jumpstarts your business by letting you leverage franchisor expertise and name recognition.
If you planning on starting a defense consulting agency, it's worthwhile to investigate whether there are good franchise opportunities available that might make sense for you.
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 starting a business may be of interest to you.
If you currently own a defense consulting agency, these resources will come in handy:
If you came here to learn about selling to defense consulting agencies, 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.