Thinking about opening a silicones and silicone products business? We tell you what you need to know to get started.
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Business Plan Mechanics for Silicones & Silicone Products Businesses
If you haven't written a business plan for your new silicones and silicone products business, it's time to get started.
Rather than avoiding your business plan, keep your business plan simple. Even though there are certain issues your plan needs to address, business plans are fluid documents that are intended to adapt alongside your silicones and silicone products business.
Instead of investing countless hours in a lengthy business plan, put pen to paper now and document the essentials with the understanding that your plan will be revised as you move forward.
Consider the Competition
Before you open a silicones and silicone products business in your area, it's essential to determine what the competition looks like. Use the link below to generate a list of competitors in your area. After following the link, enter your city, state and zip code to get a list of silicones and silicone products businesses in your area.
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
After you've evaluated your local competitors, be sure to speak with somebody who is already 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.
Fortunately, somebody who runs a silicones and silicone products business in a different city may be more than happy to give you a few tips, as long as they don't view you as a competitive threat. 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.
What's the best way to find a silicones and silicone products business owner outside of your area who is willing to talk?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Why You Should Buy (Instead of Start) a Silicones & Silicone Products Business
We know . . . From the time you were a kid you dreamed about starting a business from scratch and growing it to a position of market dominance.
But from a business and financial perspective, it may make more sense to leverage an existing silicones and silicone products business as your vehicle for world domination.
Existing silicones and silicone products businesses are proven operations with dependable revenue streams. And that's not to mention the fact that a purchase let's you avoid the trial-and-error mistakes that are common in startups.
Don't Rule Out Franchising
Your chances for growing your business increase if you buy a franchise in lieu of doing everything yourself.
As part of your process in starting a silicones and silicone products business, a smart move is to determine whether there are good franchise opportunities available that 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 getting started as an entrepreneur may be of interest to you.
If you currently own a silicones and silicone products business, try these useful resources:
If you sell to silicones and silicone products 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.