Thinking about opening a plywood and veneers business? We tell you what you need to know to get started.
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How to Create a Winning Plywood & Veneers 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 plywood and veneers 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. Lacking a solid business plan, many startups find themselves rudderless and incapable of executing consistent decision making processes, while committed business planners rely on their plans to guide all of their decision making and short-term planning efforts.
Don't Ignore Competitors
Prior to launching a plywood and veneers business within your community, it's a smart move to see what the competition looks like. Try our link below to get a list of local competitors near you. After following the link, enter your city, state and zip code to get a list of plywood and veneers 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 seriously contemplating launching a plywood and veneers business, it's a wise move to have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. The last thing they want to do is help you to be a better competitor.
However, an entrepreneur who owns a plywood and veneers business in a different city may be more than happy to give you a few tips, given that you don't compete with them in their area. 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.
So, what can you do to find an entrepreneur who is running a plywood and veneers business who is willing to advise you because you live in different cities?
Simple. Let your fingers do the walking by using the link below.
Acquisitions vs. Startups
Unfortunately, many inexperienced plywood and veneers 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 plywood and veneers business may be the better choice.
An acquired plywood and veneers business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. The key is to locate a business-for-sale that closely matches your ownership philosophy and professional objectives.
Is Franchising the Right Option?
Your odds of avoiding failure in business are much better when you franchise and benefit from the prior work of others and their lessons learned.
Before starting a plywood and veneers business, you should assess whether franchising might alleviate your startup process.
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 a plywood and veneers business, these resources will come in handy:
If you came here to learn about selling to plywood and veneers businesses, this isn't the right place for you. 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.