Don't bark up the wrong tree. Consider opening a bark and bark products business instead of doing something that everybody else is doing.
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Business Plans for a Bark & Bark Products Business
A common mistake for a small business owner is to not create business plan for your startup bark and bark products business.
A good business plan defines the game plan. Without it, you'll be flying blind, choosing short-term opportunities at the expense of long-term benefits.
The first step in creating a business plan is to develop a mission statement for your organization. From there, the other piece of the business plan puzzle will begin to fall in place.
Don't Ignore Competitors
Long before you open a bark and bark products business in your town, it's worthwhile to determine what the competition looks like. Use the link below to get a list of local competitors in your area. After following the link, enter your city, state and zip code to get a list of bark and bark products businesses in your area.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
If you want to open a bark and bark products business be sure to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a bark and bark products business on the other side of the country will be much more likely to talk with you, given that you don't compete with them in their area. 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.
How do you locate a bark and bark products business founder outside of your area who is willing to talk?
Here's one way to do it. Just use our link below, find somebody and call them.
Advantages of a Bark & Bark Products Business Purchase
On a percentage basis, more entrepreneurs intend to enter bark and bark products business ownership through a startup than through a business purchase. Yet bark and bark products business startups aren't easy - many fail within the first year.
So it makes sense that the idea of buying vs. starting a business should be carefully evaluated before you commit to an ownership strategy. 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 Forget About Franchising As an Option
The odds of growing your business are substantially improved when you franchise instead of doing it all on your own.
As part of your process in starting a bark and bark products business, you should assess whether franchising 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 getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing bark and bark products business, these resources will come in handy:
If you sell to bark and bark products businesses, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.