Start a Business
How to Start a Women's Information & Referral Services Business
Launching a women's information and referral services business can get you on the path to a secure financial future if you have the creativity and tenacity necessary to be a successful entrepreneur. We offer nuts-and-bolts information on the startup process.
Thinking about opening a women's information and referral services business? We tell you what you need to know to get started.
Business Plans for a Women's Information & Referral Services Business
A common mistake for a small business owner is to not create a business plan.
A good business plan defines the game plan. Without it, you'll be flying blind, choosing short-term opportunities at the expense of long-term benefits.
Start by defining your business mission. The process of writing a mission statement doesn't have to be complicated. From there, it's time to initiate the hard work involved with writing the rest of your women's information and referral services company's business plan.
Look Over the Competition
Well in advance of opening a women's information and referral services business in your area, it's essential to find out how you will fit in the competitive landscape. Use the link below to generate a list of competitors in your city. Just enter your city, state and zip code to get a list of women's information and referral services businesses in your community.
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
If you are interested in starting a women's information and referral services business, it's a smart move to have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a women's information and referral services business outside of your community will be much more likely to talk with you, provided that you won't be directly competing with them. Many business owners are happy to give advice to new entrepreneurs If you are persistent, you can find a business mentor who is willing to help you out.
Where would you find a women's information and referral services business entrepreneur who is willing to talk to you but doesn't live nearby?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Advantages of a Women's Information & Referral Services Business Purchase
On a percentage basis, more entrepreneurs intend to enter women's information and referral services business ownership through a startup than through a business purchase. But the harsh reality is that startup women's information and referral services businesses experience a high failure rate compared to entrepreneurs who buy existing women's information and referral services businesses.
There are a lot of factors that need to be considered in buying vs. starting a business. While other startups are just getting on their feet, a business purchase dramatically improves the odds that your women's information and referral services business will be realizing net income from the outset of your ownership engagement.
Consider Franchising
The odds of thriving in your new business are greatly increased if you opt for franchising instead of doing it all on your own.
As part of your process in starting a women's information and referral services business, you should assess whether franchise opportunities in your space 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.
Entrepreneur Interviews
These interviews should be of interest to you.
- Interview with Heather Lopez, Founder of Happy and Healthy Mom.Com
- Interview with Amanda Guralski, Founder of bizMe.biz
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