Thinking about opening a marine coatings business? We tell you what you need to know to get started.
(article continues below)
Best Practices for Marine Coatings Company Business Plans
The idea of writing a business plan is intimidating to most aspiring marine coatings business owners. If it's comprehensive and well-written, however, your business plan will serve as a strategic anchor point and a calling card for external stakeholders.
But writing a business plan is only half the battle. Have you given any thought to what your marine coatings business will do with the business plan once it's finished?
To optimize the impact of your plan, it's important to consider a distribution strategy. Without exception, the most effective business plans also leverage an organized process for tracking business plan distribution.
Review the Competition
Prior to launching a marine coatings business within your community, it's worthwhile to determine how many competitors you have. We've provided the link below to help you find competitors near you. Complete the form by entering your city, state and zip code to get a list of marine coatings businesses that are close by.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
If you are interested in starting a marine coatings business, the next step is to have a conversation with someone who is in the business. If you think owners of nearby marine coatings businesses will give you advice, think again. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a marine coatings business on the other side of the country may be willing to share their entrepreneurial wisdom with you, as long as they don't view you as a competitive threat. Indeed, many experienced entrepreneurs enjoy offering advice to startup 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.
Want the scoop on finding a marine coatings business entrepreneur in a different locale who can assist you?
Easy. Find them using our link below and start calling until you are successful.
Leveraging the Branding Benefits of a Marine Coatings Business Acquisition
Branding a new business takes time, resources and a lot of hard work. Given the choice, most new marine coatings business owners would prefer to buy an existing brand rather than invest the time and energy it takes to build a new brand.
Buying a business to get an established brand is a common strategy among growth-minded marine coatings business entrepreneurs. As a startup, the best you can hope for is to gradually develop brand awareness over a period of months and years.
However, a marine coatings business acquisition can put you at the helm of a brand that is already highly trusted by your target market.
The odds of avoiding failure in business increase when you opt to franchise rather than going it alone.
If you planning on starting a marine coatings business, it's worthwhile to investigate whether buying a franchise could alleviate your startup process.
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 marine coatings business, these resources will come in handy:
If you came here to learn about selling to marine coatings 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.