We provide a number of practical information on opening an antique repair and restoration business.
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Tips for Writing an Antique Repair & Restoration Company Business Plan
As a startup entrepreneur, you're learning that small business ownership can be a lonely career path. That's especially true when it comes to writing a business plan – the seminal document that will shape the direction of your new antique repair and restoration business.
The good news is that business plan help may be closer than you think. These days, there are tons of great resources and solutions available to support the business plan writing process.
If you're feeling overwhelmed, take a look at Gaebler's Business Plan Help section for a list of business plan writing resources.
Consider the Competition
Well in advance of opening an antique repair and restoration business in your town, it's essential to see how many competitors you have. Use the link below to find competitors in your city. After following the link, enter your city, state and zip code to get a list of antique repair and restoration businesses in your area.
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 an antique repair and restoration business, it's essential that you speak with somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. What's in it for them?
On the other hand, an individual who has an antique repair and restoration business in another town 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. 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.
How would you find an antique repair and restoration business manager that lives outside of your area?
Simple. Let your fingers do the walking by using the link below.
Pros & Cons of Buying an Antique Repair & Restoration Business
An acquisition can be a great way to enter antique repair and restoration 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.
BENEFITS: Acquired antique repair and restoration businesses should be profitable right out of the gate; they should also be capable of demonstrating a loyal customer base, brand identity and operational efficiencies.
CONs: Acquired antique repair and restoration businesses sometimes have entrenched processes and systems that run counter to your business objectives. If an acquisition target appears unmalleable, move on to another prospect.
Don't Forget About Franchising As an Option
The odds of making a success of your new business are much better when you opt to franchise rather than going it alone.
Before you consider starting an antique repair and restoration business, you should check out whether there are good franchise opportunities available that 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 an antique repair and restoration business, these resources will come in handy:
If you sell to antique repair and restoration businesses, 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.