Thinking about opening a shortening business? We tell you what you need to know to get started.
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Tips for Writing a Shortening Company Business Plan
Many new shortening business owners feel unprepared for the challenge of writing a business plan.
But even though you have primary responsibility for drafting a business plan for your shortening business, you aren't entirely alone. These days, there are tons of great resources and solutions available to support the business plan writing process.
For more information, take a look at our Business Plan Help section.
Don't Ignore the Competition
Prior to launching a shortening business within your community, it's a good idea to see how strong the competition is. 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 shortening businesses in your town.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
As part of your due diligence on opening a shortening business, it's a smart move to learn from folks who are already in business. If you think owners of nearby shortening businesses will give you advice, think again. It'd be crazy for them to teach you the business.
But, a person who owns a shortening business in a different city can be a great learning resource for you, after they realize you reside far away from them and won't be stealing their local customers. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
Where does one find a shortening business manager in another community?
Easy. Find them using our link below and start calling until you are successful.
Pros & Cons of Buying a Shortening Business
An acquisition can be a great way to enter shortening business ownership. But it's important to evaluate the benefits and drawbacks of buying a business before you decide on either an acquisition or startup approach.
PROs: Existing companies have proven business models and a history of profitability. They should also have some degree of brand recognition and an established customer base.
CONs: On the downside, shortening business acquisitions can be difficult to adapt to your unique business philosophy so it's important to make sure the business is capable of achieving your ownership goals before you initiate the buying process.
The chances of doing well in business greatly improve if you go the franchising route rather than going it alone.
Before opening a shortening business, you may want to assess whether buying a franchise could make your life much easier.
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 sell to shortening businesses, you're in the wrong place. Try these resources instead:
If you are still exploring all of your options, please browse our directory of guides below.