Thinking about opening a licensed psychologists business? We tell you what you need to know to get started.
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Successful Business Plans for Licensed Psychologists Businesses
By now, you're probably tired of hearing how important a good business plan is to your licensed psychologists business startup.
We'll add one more voice to the chorus – writing a solid business plan is the most important thing you can do for your startup. If you take your business plan seriously, the end product will be a document that will guide your company through the critical first year and beyond.
If that's not enough, consider that business plans inoculate your business from common 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.
Well in advance of opening a licensed psychologists business in your area, it's essential to see how you will fit in the competitive landscape. Use the link below to find competitors near you. After clicking on the link, type in your city, state and zip code to get a list of licensed psychologists businesses near you.
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 seriously contemplating launching a licensed psychologists business, it's a wise move to learn from folks who are already in business. It's very unlikely that the local competition will talk to you. What's in it for them?
On the other hand, an individual who has a licensed psychologists business in another town 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. 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 does one quickly and easily locate a licensed psychologists business owner outside of your area who is willing to talk?
No problem! Just use the link below and try a random city/state or zipcode. Then start dialing for advice until you are successful.
Acquisitions vs. Startups
Unfortunately, many inexperienced licensed psychologists 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 licensed psychologists business.
An acquired licensed psychologists business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. The key is to locate a business-for-sale that closely matches your ownership philosophy and professional objectives.
Franchising May Be a Better Way to Go
If you want to tap into an existing brand name and a proven system, your best bet may be exploring whether there are good franchise opportunities that would be right for you.
If your goal is to start a licensed psychologists business, you ought to check out whether there are good franchise opportunities available that might help you avoid common entrepreneurial mistakes.
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 licensed psychologists business, these resources will come in handy:
If you sell to licensed psychologists businesses, this isn't the right place for you. Try these resources instead:
If you are still exploring all of your options, please browse our directory of guides below.