October 22, 2017  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Become an Entrepreneur

 

Starting a Contractors' Equipment & Supplies Rental & Leasing Business

We've collected some good advice that is written for those who want to open a contractors' equipment and supplies rental and leasing business. Read this advice before you begin your venture.

Thinking about opening a contractors' equipment and supplies rental and leasing business? We tell you what you need to know to get started.
(article continues below)

How to Write a Top Quality Contractors' Equipment & Supplies Rental & Leasing Company Business Plan

A business plan is the skeletal framework for your contractors' equipment and supplies rental and leasing business's mission, goals and strategic vision.

Since lenders and investors will use your plan to gauge risk, it needs to contain industry-specific benchmarks and a detailed marketing plan.

Early in the process, it's worth your time to learn how to write the market analysis section of a business plan. As you prepare the market analysis section, be careful to rely on substantiated market research rather than your hopes for your contractors' equipment and supplies rental and leasing business.

Evaluate Competitors

Well in advance of opening a contractors' equipment and supplies rental and leasing business in your area, it's worthwhile to see how many competitors you have. Try our link below to find competitors in your city. Simply enter your city, state and zip code to get a list of contractors' equipment and supplies rental and leasing 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

If you want to open a contractors' equipment and supplies rental and leasing business it's a wise move to 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?

However, an entrepreneur who owns a contractors' equipment and supplies rental and leasing business in another town may be more than happy to give you a few tips, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. If you are persistent, you can find a business mentor who is willing to help you out.

How do you go about finding a contractors' equipment and supplies rental and leasing business entrepreneur on the other side of the country to talk to?

We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!

Getting Started in Contractors' Equipment & Supplies Rental & Leasing Business Ownership

Would-be contractors' equipment and supplies rental and leasing business business owners can either launch a new business or acquire an existing operation.

Startup contractors' equipment and supplies rental and leasing businesses can be attractive because they allow the entrepreneur to have more control and greater influence. Yet startups are also more difficult to finance because their nature is inherently risky.

Acquired contractors' equipment and supplies rental and leasing businesses are known quantities - and are less risky for lenders. Buying a business means that you'll have access to a documented financial history, an established business model and other factors that are unknowns in a startup and that makes the ownership opportunity less of a risk to both you and your contractors' equipment and supplies rental and leasing business's key stakeholders.

Is Franchising the Right Option?

Your chances for being a successful business owner immediately improve if you decide to franchise in lieu of doing everything yourself.

Prior to starting a contractors' equipment and supplies rental and leasing business, a smart move is to assess whether there are good franchise opportunities available that might make it easy to get started.

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.

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Starting a Business

Characteristics of Successful Entrepreneurs


Conversation Board

Have something to say about opening a contractors' equipment and supplies rental and leasing business? Post your comments on this topic using our comment submission form below.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Already Own a Contractors' Equipment & Supplies Rental & Leasing Business?

If you currently own a contractors' equipment and supplies rental and leasing business, these resources will come in handy:

Marketing a Contractors' Equipment and Supplies Rental and Leasing Business

Selling a Contractors' Equipment and Supplies Rental and Leasing Business

Do You Sell to Contractors' Equipment & Supplies Rental & Leasing Businesses?

If you sell to contractors' equipment and supplies rental and leasing businesses, you're in the wrong place. Try these resources instead:

Selling to Contractors' Equipment and Supplies Rental and Leasing Businesses

Mailing Lists for Contractors' Equipment and Supplies Rental and Leasing Businesses

More Guides on How to Start a Company

If you are interested in starting a different kind of business, please browse our directory of guides below.

 

 

 

 

Additional Resources for Entrepreneurs

Entrepreneur Features

Employee to Entrepreneur

Small Business Ethics

Good Business Books

Studying Entrepreneurship

How Kids Make Money

Social Entrepreneurship

Mergers and Acquisitions

Entrepreneur Blogs