Thinking about opening a sawdust and shavings business? We tell you what you need to know to get started.
(article continues below)
Writing a Business Plan for a Sawdust & Shavings Business
Never underestimate the value of a good sawdust and shavings company business plan. If you have invested time and effort in its creation, your sawdust and shavings company's business plan will serve as a blueprint for success.
A professional business plan writer can be a big help in creating a first-rate plan.
The right business plan writer can give your sawdust and shavings business a competitive edge over other startups in your industry. But no matter how skilled they are, business plan writers can't be effective without the direct input of the business owner.
As the primary stakeholder in your sawdust and shavings business, you will intentionally need to insert yourself in various stages of the plan's development.
Well in advance of opening a sawdust and shavings business in your town, it's a good idea to determine how many competitors you have. Use the link below to generate a list of competitors in your city. After following the link, enter your city, state and zip code to get a list of sawdust and shavings businesses in your area.
If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.
Finding a Non-Competitive Business Mentor
As part of your due diligence on opening a sawdust and shavings business, it's essential that you learn from folks who are already in 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 sawdust and shavings business on the other side of the country may be more than happy to give you a few tips, once they realize that you are not going to directly compete with them in their community. 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.
Where can you find an entrepreneur who is running a sawdust and shavings business who is willing to talk to you but doesn't live nearby?
It's easy. Here's a link you can use to find a mentor outside of your area.
Should You Buy or Start a Sawdust & Shavings Business?
Competition is tight these days and entrepreneurs can't afford to make many mistakes. So it's critical to get it right when deciding whether to start a business from scratch or buy an existing sawdust and shavings business.
In general, purchased sawdust and shavings businesses fare better than startups, at least during the initial few years. From a financial perspective, you'll receive more income sooner in a business purchase than you will in a startup.
Entrepreneurs who are committed to a highly unique value proposition may need to pursue a startup approach. But for the sake of minimizing risk and maintaining your sanity, a business purchase is often the right move for emerging sawdust and shavings business entrepreneurs.
Is Franchising the Right Option?
A franchise lets you take advantage of the knowledge that the franchisor has accumulated over the years.
Before you get too far along in your plan to open a sawdust and shavings business, you ought to assess whether buying a franchise could be the right move 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 sawdust and shavings business, these resources will come in handy:
If you sell to sawdust and shavings businesses, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.