Thinking about opening a school for the physically challenged? We tell you what you need to know to get started.
(article continues below)
Creating a Business Plan for a School for the Physically Challenged
A common mistake for a small business owner is to not create a business plan.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. If you don't have a business plan, your leadership will be handicapped, limiting your school for the physically challenged's ability to succeed long-term.
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.
Investigate the Competition
Prior to launching a school for the physically challenged in your area, it's a good idea to see what the competition looks like. Try our link below to get a list of local competitors nearby. After clicking on the link, type in your city, state and zip code to get a list of schools for the physically challenged near you.
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
As part of your due diligence on opening a school for the physically challenged, it's a smart move to learn from folks who are already in business. If you think owners of nearby schools for the physically challenged will give you advice, think again. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a school for the physically challenged in a different city can be a great learning resource for you, once they realize that you are not going to directly compete with them in their community. Many business owners are happy to give advice to new entrepreneurs 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 a school for the physically challenged manager 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.
Benefits of Buying a School for the Physically Challenged
On a percentage basis, more entrepreneurs intend to enter school for the physically challenged ownership through a startup than through a business purchase. Yet school for the physically challenged startups aren't easy - many fail within the first year.
There are a lot of factors that need to be considered in buying vs. starting a business. Although startup owners may have greater control over the shape and scope of their companies, they lack the advantage of a proven business model. Along the same lines, it can take years for a startup company to achieve brand recognition while an existing business may already be a trusted name in your target market.
Don't Rule Out Franchising
The probabilities on your avoiding failure in business are much better when you join the ranks of franchisees rather than going it alone.
Before you consider starting a school for the physically challenged, you ought to determine whether purchasing a franchise might be the right move for you.
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 school for the physically challenged, these resources will come in handy:
If you sell to schools for the physically challenged, you're in the wrong place. 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.