September 3, 2014  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Good Businesses to Start

 

How to Start a Stationery Engraving & Imprinting Business

We've collected some good advice that is written for entrepreneurial folks who want to open a stationery engraving and imprinting business. Read this before you begin your venture.

Thinking about opening a stationery engraving and imprinting business? We tell you what you need to know to get started.
(article continues below)

Elements of a Stationery Engraving & Imprinting Company Business Plan

Your stationery engraving and imprinting company's business plan should be tailored to your business's unique traits and goals. However, the most effective business plans do address specific sound business plan elements:

  • Mission Statement Your description of your stationery engraving and imprinting business's reason for existing.
  • Goals & Objectives The end results of your company's business activities.
  • Financial, Marketing & Action Plans Specific plans that describe your business environment, demographic targets and quantitative estimates.

Take a Look at Competitors

Prior to opening a stationery engraving and imprinting business within your community, it's worthwhile to find out how strong the competition is. We've provided the link below to help you find competitors near you. Just enter your city, state and zip code to get a list of stationery engraving and imprinting businesses in your community.

How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.

Studying the Market

If you are interested in starting a stationery engraving and imprinting business, it's a smart move to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. The last thing they want to do is help you to be a better competitor.

But, a person who owns a stationery engraving and imprinting business outside of your community may be more than happy to give you a few tips, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice 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 does one quickly and easily locate an owner of a stationery engraving and imprinting business in another city who you can speak with?

Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.

Top Three Reasons to Buy an Established Stationery Engraving & Imprinting Business

It's almost always preferable to buy a stationery engraving and imprinting business than to pursue a stationery engraving and imprinting business startup.

Although buyers should always perform thorough due diligence, there at least three reasons you should consider a stationery engraving and imprinting business purchase as your entryway to business ownership.

  • Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
  • Operational Efficiency. Existing businesses are established operations, with the necessary processes, people and other resources already in place.
  • Capital Acquisition. Lenders, investors and other funding sources almost always prefer business purchases to startups.

Explore Franchising Options

Joining a franchise network means you get access to great ideas that have been tested and proven over time.

Before starting a stationery engraving and imprinting business, you would be wise to assess whether there are good franchise opportunities available that might help you avoid common entrepreneurial mistakes.

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.

Entrepreneur Interviews

These interviews should be of interest to you.

Related Articles on Starting a Company

These additional resources regarding getting started as an entrepreneur may be of interest to you.

What Business Should I Start?

Characteristics of Successful Entrepreneurs

LLC Advantages


Conversation Board

How can we improve this article on launching a stationery engraving and imprinting business? If you've got something to say or have a question, please add a comment below.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Already Own a Stationery Engraving & Imprinting Business?

If you currently own a stationery engraving and imprinting business, these resources will come in handy:

Marketing a Stationery Engraving and Imprinting Business

Selling a Stationery Engraving and Imprinting Business

Do You Sell to Stationery Engraving & Imprinting Businesses?

If you came here to learn about selling to stationery engraving and imprinting businesses, we've got better information for you elsewhere on our site. Try these resources instead:

Selling to Stationery Engraving and Imprinting Businesses

Mailing Lists for Stationery Engraving and Imprinting Businesses

More Guides on How to Start a Business

If you are still exploring all of your options, please browse our directory of guides below.

 

 

 

 

Additional Resources for Entrepreneurs

Entrepreneur Features - Employee to Entrepreneur - Small Business Ethics

Good Business Books - Studying Entrepreneurship - How Kids Make Money

Social Entrepreneurship - Mergers and Acquisitions - Entrepreneur Blogs