Thinking about opening a distribution services business? We tell you what you need to know to get started.
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Business Plans 101 for Distribution Services Business Startups
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. Now it's time to address details about your industry.
Industry analyses are standard chapters in distribution services company business plans and are often required by lenders or investors. Industry analyses are critical for contextualizing your startup within an industry setting.
Although it sounds complicated, most entrepreneurs can create an effective industry analysis section by simply steering clear of common industry analysis mistakes.
Don't Ignore the Competition
Prior to opening a distribution services business in your town, it's a smart move to determine how strong the competition is. We've provided the link below to help you find competitors near you. Simply enter your city, state and zip code to get a list of distribution services businesses in your town.
Is the local market large enough to support another distribution services business? 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
As part of your due diligence on opening a distribution services business, you really ought to learn as much as you can from somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a distribution services business in another town may be willing to share their entrepreneurial wisdom with you, given that you don't compete with them in their area. 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.
What's the process for finding a distribution services business owner who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Entrepreneurial Alternatives for Distribution Services Businesses
Common sense will tell you that to enter the world of distribution services business, you'll either need to start a new business or acquire a promising company on the business-for-sale marketplace. There are a lot of benefits of buying a distribution services business.
If you're on the fence consider this: There has never been a better time to acquire a distribution services business. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Don't Rule Out Franchising
The odds of achieving your primary goal of doing well in business increase if you opt for franchising instead of doing it all on your own.
Before opening a distribution services business, you should investigate whether franchising might be worth investigating.
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 already are in business and came here to learn about growing an existing distribution services business, these resources will come in handy:
If you sell to distribution services businesses, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.