Thinking about opening a personal shopping services business? We tell you what you need to know to get started.
(article continues below)
How to Create a Winning Personal Shopping Services Company Business Plan
If you've done your homework, you already know that writing a business plan is the most critical thing you can do for your company.
Although it might seem like an unnecessary formality, your personal shopping services company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Furthermore, a good business plan will help you avoid key startup mistakes. While other startup personal shopping services businesses are floundering, your business will be on course for growth and profits, protected by a carefully conceived plan that reflects real world business conditions and your business's unique characteristics.
Review the Competition
Well in advance of opening a personal shopping services business in your town, it's essential to see how strong the competition is. We've provided the link below to help you get a list of local competitors in your city. Complete the form by entering your city, state and zip code to get a list of personal shopping services businesses that are close by.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
If you are interested in starting a personal shopping services business, the next step is to speak with somebody who is already in the business. If you think owners of nearby personal shopping services businesses will give you advice, think again. What's in it for them?
However, a fellow entrepreneur who has started a personal shopping services business in a location that is not competitive to you will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. In fact, they are often very willing to share startup advice with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Where does one find an owner of a personal shopping services business in a different locale who can assist you?
Simple. Let your fingers do the walking by using the link below.
Acquisitions vs. Startups
Unfortunately, many inexperienced personal shopping services business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Unless you have compelling reasons to launch a new business, buying an existing personal shopping services business may be the better choice.
The good news is that a personal shopping services business acquisition is a recognized name and usually comes with a loyal customer base. If you're diligent about finding the right acquisition prospect, you may be able to leverage a business buying strategy to rapidly propel yourself into a position of industry leadership.
Explore Franchising Options
The odds of achieving your primary goal of surviving in business greatly improve when you franchise instead of doing it all on your own.
If you planning on starting a personal shopping services business, it's worthwhile to determine whether there are good franchise opportunities available that might help you avoid common entrepreneurial mistakes.
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 interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you currently own a personal shopping services business, these resources will come in handy:
If you sell to personal shopping services businesses, we've got better information for you elsewhere on our site. 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.