December 12, 2017  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Business Ideas

 

Opening a Marine Refrigeration & Air Conditioning Sales & Service Business

Starting a marine refrigeration and air conditioning sales and service business is your ticket to owning a good, stable business if you have the creativity and tenacity necessary to be a successful entrepreneur. This article contains nuts-and-bolts information on the startup process.

Thinking about opening a marine refrigeration and air conditioning sales and service business? We tell you what you need to know to get started.
(article continues below)

Elements of a Marine Refrigeration & Air Conditioning Sales & Service Company Business Plan

Your marine refrigeration and air conditioning sales and service company's business plan should be tailored to your business's unique traits and goals. Yet good business plans universally hit on sound business plan elements:

  • Mission Statement Your description of your marine refrigeration and air conditioning sales and service business's reason for existing.
  • Goals & Objectives A list of mile markers on your marine refrigeration and air conditioning sales and service business's road to success.
  • Financial, Marketing & Action Plans Specific plans that describe your business environment, demographic targets and quantitative estimates.

Look Over the Competition

Prior to opening a marine refrigeration and air conditioning sales and service business within your community, it's a smart move to see what the competition looks like. Use the link below to generate a list of competitors in your city. Just enter your city, state and zip code to get a list of marine refrigeration and air conditioning sales and service businesses in your community.

If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.

Finding a Non-Competitive Business Mentor

If you are interested in starting a marine refrigeration and air conditioning sales and service business, the next step is to talk to somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?

However, an entrepreneur who owns a marine refrigeration and air conditioning sales and service business in a location that is not competitive to you can be a great learning resource for you, as long as they don't view you as a competitive threat. In that case, the business owner may be more than happy to discuss the industry 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.

The key question new becomes: how to find an owner of a marine refrigeration and air conditioning sales and service business in another community?

Easy. Find them using our link below and start calling until you are successful.

Top Three Reasons to Buy an Established Marine Refrigeration & Air Conditioning Sales & Service Business

For years, street-smart entrepreneurs have known that whenever possible, it's more advantageous to buy an existing marine refrigeration and air conditioning sales and service business than it is to start one from scratch.

You'll want to conduct a comprehensive due diligence process, but here are three arguments why you should think about buying instead of a startup.

  • Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
  • Operational Efficiency. When you're shopping for a marine refrigeration and air conditioning sales and service business, be sure to look for ones that have all of the necessary processes and systems to ensure seamless operations from your first day of ownership.
  • Funding. Lenders, investors and other funding sources almost always prefer business purchases to startups.

Don't Rule Out Franchising

It's common wisdom that there are many advantages associated with choosing to purchase a franchise.

If you are thinking about opening a marine refrigeration and air conditioning sales and service business, you should determine whether franchise opportunities in your space 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.

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Recurring Revenue Business Models

Buying a Franchise


Conversation Board

Have something to say about opening a marine refrigeration and air conditioning sales and service business? We enjoy hearing your comments, insights and suggestions


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Are You Already a Marine Refrigeration & Air Conditioning Sales & Service Business Owner?

If you already are in business and came here to learn about growing an existing marine refrigeration and air conditioning sales and service business, these resources will come in handy:

Marketing a Marine Refrigeration and Air Conditioning Sales and Service Business

Selling a Marine Refrigeration and Air Conditioning Sales and Service Business

Do You Sell to Marine Refrigeration & Air Conditioning Sales & Service Businesses?

If you sell to marine refrigeration and air conditioning sales and service businesses, you're in the wrong place. These resources are more appropriate for you:

Selling to Marine Refrigeration and Air Conditioning Sales and Service Businesses

Mailing Lists for Marine Refrigeration and Air Conditioning Sales and Service Businesses

More Startup Guides

If you are interested in starting a different kind of business, please browse our directory of guides below.

 

 

 

 

Additional Resources for Entrepreneurs

Entrepreneur Features

Employee to Entrepreneur

Small Business Ethics

Good Business Books

Studying Entrepreneurship

How Kids Make Money

Social Entrepreneurship

Mergers and Acquisitions

Entrepreneur Blogs