Thinking about opening a manufacturers' agents and representatives business? We tell you what you need to know to get started.
(article continues below)
Tips for Creating a Great Manufacturers' Agents & Representatives Company Business Plan
If it includes hard numbers, a manufacturers' agents and representatives company business plan can become the catalyst for an executable business strategy.
In contemporary business culture, business plans are also litmus tests used by external interests to assess real world viability and marketability.
Early in the process, it's worth your time to learn how to write the market analysis section of a business plan. It includes the identification of your target market and in many cases, the inclusion of supporting research to back up your claims and sales forecasts.
Consider the Competition
Prior to launching a manufacturers' agents and representatives business in your town, it's a good idea to see how strong the competition is. We've provided the link below to help you generate a list of competitors in your area. After following the link, enter your city, state and zip code to get a list of manufacturers' agents and representatives businesses in your area.
Is the established competition doing a good job? It's important to understand their strengths and weaknesses and think through how you'll stake up against those established businesses.
Learn from Others Who Are Already In This Space
If you are interested in starting a manufacturers' agents and representatives business, it's essential that you have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
On the other hand, an individual who has a manufacturers' agents and representatives business in a different city may be more than happy to give you a few tips, given that you don't compete with them in their area. Many business owners are happy to give advice to new entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
How do you locate a manufacturers' agents and representatives business manager in another community?
No problem! Just use the link below and try a random city/state or zipcode. Then start dialing for advice until you are successful.
Getting Started in Manufacturers' Agents & Representatives Business Ownership
Would-be manufacturers' agents and representatives business business owners can either launch a new business or acquire an existing operation.
Startup manufacturers' agents and representatives businesses can be attractive because they allow the entrepreneur to have more control and greater influence. From a funding perspective, however, you may have a hard time finding lenders who are willing to take a chance on your manufacturers' agents and representatives business concept.
On the other hand, a manufacturers' agents and representatives business purchase is more attractive to lenders and investors. Although buying a business doesn't guarantee success, it substantially increases your odds of obtaining financing and achieving profitability.
Franchising May Be a Better Way to Go
The odds of growing your business are much greater when you choose to franchise in lieu of doing everything yourself.
Prior to making the decision to open a manufacturers' agents and representatives business, it's worthwhile to check out whether buying a franchise could make your life much easier.
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 manufacturers' agents and representatives business, these resources will come in handy:
If you sell to manufacturers' agents and representatives businesses, this isn't the right place for you. 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.