Thinking about opening a small gas engine repair and parts business? We tell you what you need to know to get started.
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Business Plan Basics for Small Gas Engine Repair & Parts Businesses
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. But your business plan won't be finished until you've included material about your industry.
Industry analyses are standard chapters in small gas engine repair and parts company business plans and are often required by lenders or investors. Industry analyses are critical for contextualizing your startup within an industry setting.
Although it sounds complicated, most entrepreneurs can create an effective industry analysis section by simply steering clear of common industry analysis mistakes.
Don't Ignore Competitors
Well in advance of opening a small gas engine repair and parts business within your community, it's a good idea to determine what the competition looks like. We've provided the link below to help you get a list of local competitors nearby. After following the link, enter your city, state and zip code to get a list of small gas engine repair and parts businesses in your area.
Is the local market large enough to support another small gas engine repair and parts business? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
As part of your due diligence on opening a small gas engine repair and parts business, the next step is to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. What's in it for them?
But, a person who owns a small gas engine repair and parts business on the other side of the country may be more than happy to give you a few tips, as long as they don't view you as a competitive threat. In fact, they are often very willing to share startup advice 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.
Where do you find a small gas engine repair and parts business owner in another community?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
Entrepreneurial Alternatives for Small Gas Engine Repair & Parts Businesses
Some entrepreneurs buy existing small gas engine repair and parts businesses, while others plunge headfirst into a small gas engine repair and parts business startup. Although startup small gas engine repair and parts businesses are common, many new entrepreneurs overlook the benefits of buying a small gas engine repair and parts 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 small gas engine repair and parts 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
You should know that your odds of thriving in your new business are greatly increased when you join the ranks of franchisees and benefit from the prior work of others and their lessons learned.
Prior to making the decision to open a small gas engine repair and parts business, you should investigate whether franchising might 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 currently own a small gas engine repair and parts business, try these useful resources:
If you sell to small gas engine repair and parts businesses, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.