Thinking about opening a climbing, hiking, and backpacking business? We tell you what you need to know to get started.
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How to Create a Winning Climbing, Hiking, & Backpacking Company Business Plan
If you've done your homework, you already know that writing a business plan is the most critical thing you can do for your company.
Although it might seem like an unnecessary formality, your climbing, hiking, and backpacking company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Furthermore, a good business plan will help you avoid key startup mistakes. Lacking a solid business plan, many startups find themselves rudderless and incapable of executing consistent decision making processes, while committed business planners rely on their plans to guide all of their decision making and short-term planning efforts.
Consider the Competition
Well in advance of opening a climbing, hiking, and backpacking business in your town, it's worthwhile to see how many competitors you have. Use the link below to find competitors nearby. After following the link, enter your city, state and zip code to get a list of climbing, hiking, and backpacking businesses in your area.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
After you've evaluated your local competitors, the next step is to speak with somebody who is already in the business. If you think owners of nearby climbing, hiking, and backpacking businesses will give you advice, think again. It'd be crazy for them to teach you the business.
Thankfully, an owner of a a climbing, hiking, and backpacking business on the other side of the country will be much more likely to talk with you, after they realize you reside far away from them and won't be stealing their local customers. Many business owners are happy to give advice to new entrepreneurs In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
What's the best way to find a climbing, hiking, and backpacking business entrepreneur in another community?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Acquisitions vs. Startups
Unfortunately, many inexperienced climbing, hiking, and backpacking business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Both ownership strategies have their benefits and drawbacks. For first-time business owners, it makes more sense to buy an existing climbing, hiking, and backpacking business than to attempt to build one from the ground up.
An acquired climbing, hiking, and backpacking business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. If you're diligent about finding the right acquisition prospect, you may be able to leverage a business buying strategy to rapidly propel yourself into a position of industry leadership.
Don't Rule Out Franchising
If you want to minimize your chances of failing, it's smart to think through purchasing a franchise.
As part of your process in starting a climbing, hiking, and backpacking business, a smart move is to investigate whether franchise opportunities in your space might be worth investigating.
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 getting started as an entrepreneur may be of interest to you.
If you currently own a climbing, hiking, and backpacking business, these resources will come in handy:
If you came here to learn about selling to climbing, hiking, and backpacking businesses, we've got better information for you elsewhere on our site. Try these resources instead:
If you are still exploring all of your options, please browse our directory of guides below.