Thinking about opening a maps and globes business? We tell you what you need to know to get started.
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Business Plan Basics for Maps & Globes Businesses
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. But have you included any material about your industry?
Industry analyses are standard chapters in maps and globes company business plans and are often required by lenders or investors. Industry analyses are critical for contextualizing your startup within an industry setting.
Although you'll need to provide the right information, you'll also need to be careful to avoid common industry analysis mistakes because the wrong tone and content here could negate all of the hard work you've invested in the rest of your business plan.
Don't Ignore Competitors
Prior to opening a maps and globes business in your area, it's a smart move to determine what the competition looks like. Try our link below to get a list of local competitors nearby. After following the link, enter your city, state and zip code to get a list of maps and globes businesses in your area.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
As part of your due diligence on opening a maps and globes 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. Why would they want to educate a future competitor?
On the other hand, an individual who has a maps and globes business in a location that is not competitive to you will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. If you are persistent, you can find a business mentor who is willing to help you out.
Where does one find an owner of a maps and globes business in a different locale who can assist you?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Entrepreneurial Alternatives for Maps & Globes Businesses
As a maps and globes business entrepreneur, it's important to explore all of your options before you commit to a specific business opportunity. Although startup maps and globes businesses are common, many new entrepreneurs overlook the benefits of buying a maps and globes business on the business-for-sale marketplace.
If you're on the fence consider this: There has never been a better time to acquire a maps and globes business. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Consider Buying a Franchise
If you don't have much business experience, you may want to consider becoming a franchisee.
Before opening a maps and globes business, you ought to determine whether franchising might make it easy to get started.
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 maps and globes business, these resources will come in handy:
If you sell to maps and globes 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.