Thinking about opening a chess instruction business? We tell you what you need to know to get started.
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Writing Tips for a Chess Instruction Company Business Plan
We know - writing a business plan can be a daunting task for a new entrepreneur.
There is nothing magical about a first-rate chess instruction company business plan. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.
If you still aren't sure where to begin, consider taking a look at several sample business plans to get the creative juices flowing.
Consider the Competition
Prior to launching a chess instruction business within your community, it's a smart move to determine what the competition looks like. Use the link below to find competitors in your area. After following the link, enter your city, state and zip code to get a list of chess instruction businesses in your area.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
If you want to open a chess instruction business it's essential that you learn as much as you can from somebody who is already in the business. It's very unlikely that the local competition will talk to you. Why would they want to educate a future competitor?
But, a person who owns a chess instruction business outside of your community can be a great learning resource for you, given that you don't compete with them in their area. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. If you are persistent, you can find a business mentor who is willing to help you out.
How does one go about finding an entrepreneur who is running a chess instruction business in another community?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Purchasing a Chess Instruction Business
Many experts advise against starting a chess instruction business if you can buy an established operation. Yet the process of buying a chess instruction business introduces a new set of challenges.
As you would expect, there are a number of steps in buying a business. For most prospective business buyers, the first step is to contact a business broker.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Is Franchising the Right Option?
The odds of achieving your primary goal of making a success of your new business go up significantly if you go the franchising route rather than going it alone.
If your goal is to start a chess instruction business, a smart move is to assess whether purchasing a franchise might simplify your entering the business.
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 already are in business and came here to learn about growing an existing chess instruction business, try these useful resources:
If you sell to chess instruction 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.