Thinking about opening a printing and publishing business? We tell you what you need to know to get started.
(article continues below)
How to Create Effective Printing & Publishing Company Business Plans
In a startup printing and publishing business, there is no substitute for a high quality business plan. The effort you invest in the creation of your plan now will pay off later in lender responsiveness, investor attention and strategic confidence.
The financial section of your business plan is especially relevant to funding concerns. The financial chapter of your business plan is one of the first places investors and lenders look, so it needs to contain forecasts and budgets that are rooted in business realities rather than your personal best case scenario.
Subsequently, a thorough understanding of business plan financial basics is a prerequisite to effective business plan writing for printing and publishing businesses.
Long before you open a printing and publishing business within your community, it's worthwhile to find out how many competitors you have. Use the link below to find competitors nearby. After clicking on the link, type in your city, state and zip code to get a list of printing and publishing businesses near you.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
If you are interested in starting a printing and publishing business, it's a wise move to speak with somebody who is already in the business. It's very unlikely that the local competition will talk to you. What's in it for them?
Fortunately, somebody who runs a printing and publishing business in a different city can be a great learning resource for you, as long as they don't view you as a competitive threat. In that case, the business owner may be more than happy to discuss the industry with you. 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 would you find somebody who runs a printing and publishing business who is willing to advise you because you live in different cities?
It's easy. Here's a link you can use to find a mentor outside of your area.
Printing & Publishing Business Acquisitions: Financial Considerations
Startup printing and publishing businesses carry a host of financial risks and concerns. Without an operational history, it's hard to predict how your startup will actually perform in the marketplace.
Although there are many benefits to buying an existing printing and publishing business, the financial advantages rank near the top of the list. Many entrepreneurs buy an existing business for the sole purpose of tapping into the financial benefits of an established customer base.
But most importantly, existing printing and publishing businesses have documented financial histories. Although you can create pro forma earnings and financial statements for a startup, a business-for-sale should have a well-documented, multi-year history of financial performance.
Your odds of growing your business go up significantly if you buy a franchise rather than going it alone.
Before you consider starting a printing and publishing business, you should assess whether purchasing a franchise might simplify your entering the business.
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 interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you currently own a printing and publishing business, try these useful resources:
If you sell to printing and publishing 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.