Business Ideas for Entrepreneurs

How to Start a Used Office Furniture & Equipment Business

If you are interested in opening a used office furniture and equipment business, the first step is defining your value proposition.

Thinking about opening a used office furniture and equipment business? We tell you what you need to know to get started.

Business Plan Mechanics for Used Office Furniture & Equipment Businesses

Haven't created a business plan for your used office furniture and equipment business yet? You could be in big trouble.

In many cases, the best approach is to keep your business plan simple. Ultimately, your business plan is intended to be a resource for you, the business owner.

As your company matures, you can circle back to your business plan to make revisions and adjustments.

Take a Look at the Competition

Prior to opening a used office furniture and equipment business within your community, it's a good idea to find out what the competition looks like. Try our link below to find competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of used office furniture and equipment businesses near you.

Is the established competition doing a good job? It's important to understand their strengths and weaknesses and think through how you'll stake up against those established businesses.

Learn from Others Who Are Already In This Space

After you've evaluated your local competitors, you really ought to speak with somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. It'd be crazy for them to teach you the business.

Thankfully, an owner of a a used office furniture and equipment business in a location that is not competitive to you may be willing to share their entrepreneurial wisdom with you, given that you don't compete with them in their area. 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 go about finding a used office furniture and equipment business manager in another city who you can speak with?

It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.

Why You Should Buy (Instead of Start) a Used Office Furniture & Equipment Business

It's no secret that entrepreneurs have a strong impulse to build companies from the ground up.

However, a business purchase is nearly always the smarter ownership option.

When you buy an existing company, you get a functional (and presumably profitable) company from day one. And that's not to mention the fact that a purchase let's you avoid the trial-and-error mistakes that are common in startups.

Consider Buying a Franchise

Your odds of doing well with your venture are substantially improved when you opt to franchise and benefit from the prior work of others and their lessons learned.

Prior to starting a used office furniture and equipment business, you ought to check out whether franchise opportunities in your space might 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.

More Advice for Startups

These additional resources regarding starting a business may be of interest to you.

Naming My Business

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary