Thinking about opening a drug and alcohol detection and testing business? We tell you what you need to know to get started.
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How to Create a Winning Drug & Alcohol Detection & Testing Company Business Plan
You've heard that a quality business plan is the first step toward a successful drug and alcohol detection and testing business.
Although it might seem like an unnecessary formality, your drug and alcohol detection and testing 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. If your business plan includes accurate industry metrics and conservative forecasts, your business will be less vulnerable to market fluctuations and catastrophic surprises.
Don't Ignore Competitors
Prior to launching a drug and alcohol detection and testing business within your community, it's a smart move to find out how you will fit in the competitive landscape. We've provided the link below to help you generate a list of competitors in your area. After following the link, enter your city, state and zip code to get a list of drug and alcohol detection and testing 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
As part of your due diligence on opening a drug and alcohol detection and testing business, it's a smart move to have a conversation with someone who is in the business. If you think your local competitors will give you advice, you're being overoptimistic. What's in it for them?
However, a fellow entrepreneur who has started a drug and alcohol detection and testing business in a location that is not competitive to you can be a great learning resource for you, provided that you won't be directly competing with them. Indeed, many experienced entrepreneurs enjoy offering advice to startup 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.
How do you locate a drug and alcohol detection and testing business founder outside of your area who is willing to talk?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
Acquisitions vs. Startups
Unfortunately, many inexperienced drug and alcohol detection and testing business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Except for scenarios that require extreme innovation or highly unique value propositions, it's usually less risky to buy an existing drug and alcohol detection and testing business.
An acquired drug and alcohol detection and testing business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. In a best case scenario, you'll be able to locate a turnkey operation with proven profitability and a well oiled business model.
Consider Buying a Franchise
Your chances for surviving in business are greatly increased if you go the franchising route instead of doing it all on your own.
Before opening a drug and alcohol detection and testing business, you would be wise to assess whether there are good franchise opportunities available that might increase your chances of success.
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 drug and alcohol detection and testing business, try these useful resources:
If you sell to drug and alcohol detection and testing businesses, we've got better information for you elsewhere on our site. Try these resources instead:
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