Wondering how to start a handles business? We take you step-by-step from start to success.
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Creating a Business Plan for a Handles Business
A common mistake for a new business owner is to not create a business plan.
The key benefit of writing a business plan is that it defines the game plan. If you don't have a business plan, your leadership will be handicapped, 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, the other piece of the business plan puzzle will begin to fall in place.
Don't Ignore Competitors
Prior to launching a handles business within your community, it's essential to determine what the competition looks like. 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 handles businesses in your area.
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 handles business, the next step is to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
However, a fellow entrepreneur who has started a handles business on the other side of the country may be willing to share their entrepreneurial wisdom 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 can you find a handles business manager that lives outside of your area?
Simple. Let your fingers do the walking by using the link below.
Advantages of a Handles Business Purchase
As a would-be handles business owner, the impulse to build a company from scratch is in your blood. Yet handles business startups aren't easy - many fail within the first year.
The decision of buying vs. starting a business shouldn't be taken lightly. By buying a profitable handles business, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.
As an entrepreneur, your chances growing your business are much better if you decide to franchise instead of doing it all on your own.
Before you consider starting a handles business, you may want to determine whether buying a franchise could 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.
These additional resources regarding starting a business may be of interest to you.
If you sell to handles businesses, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.