September 15, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Opening a Business

 

Opening a Purchasing Services Business

Opening a purchasing services business? Here is a summary of the most important things you need to consider when opening a purchasing services business.

Thinking about opening a purchasing services business? We tell you what you need to know to get started.
(article continues below)

How to Write a Simple Purchasing Services Company Business Plan

Haven't created a business plan for your purchasing services business yet? You could be in big trouble.

Rather than avoiding your business plan, keep your business plan simple. Ultimately, your business plan is intended to be a resource for you, the business owner.

If your time is limiting, outline the essentials of your purchasing services company's business plan now and make a commitment to come back to it later.

Evaluate Competitors

Long before you open a purchasing services business in your town, it's a smart move to determine what the competition looks like. Use the link below to generate a list of competitors near you. Simply enter your city, state and zip code to get a list of purchasing services businesses in your town.

It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.

A Good Source of Advice

If you want to open a purchasing services business it's a wise move to learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. What's in it for them?

Thankfully, an owner of a a purchasing services business outside of your community will be much more likely to talk with you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.

How do you go about finding a purchasing services business founder in another city who you can speak with?

It's easy. Here's a link you can use to find a mentor outside of your area.

Advantages of Buying an Established Purchasing Services Business

We know . . . From the time you were a kid you dreamed about starting a business from scratch and growing it to a position of market dominance.

But from a business and financial perspective, it may make more sense to leverage an existing purchasing services business as your vehicle for world domination.

Existing purchasing services businesses are proven operations with dependable revenue streams. And that's not to mention the fact that a purchase let's you avoid the trial-and-error mistakes that are common in startups.

Explore Franchising Options

Your chances for being a successful business owner are much better if you become a franchisee and leverage their successful brand and track record.

If you planning on starting a purchasing services business, a smart move is to assess whether franchise opportunities in your space might 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.

Other Useful Articles for Startup Entrepreneurs

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

Business Idea Evaluation


Conversation Board

Have something to say about opening a purchasing services business? Post your comments on this topic using our comment submission form below.


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

Already Own a Purchasing Services Business?

If you currently own a purchasing services business, these resources will come in handy:

Marketing a Purchasing Services Business

Selling a Purchasing Services Business

Do You Sell to Purchasing Services Businesses?

If you sell to purchasing services businesses, you're in the wrong place. These resources are more appropriate for you:

Selling to Purchasing Services Businesses

Mailing Lists for Purchasing Services 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