August 27, 2014  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Good Businesses to Start

 

Starting a Sports Cards & Memorabilia Business

Launching a sports cards and memorabilia business is your ticket to owning a good, stable business but it's important to plan out the business in detail before you start. We offer tips and advice to give you a jump-start on planning for your business.

Thinking about opening a sports cards and memorabilia business? We tell you what you need to know to get started.
(article continues below)

How to Draft a Sports Cards & Memorabilia Company Business Plan

We know - writing a business plan can be a daunting task for a new entrepreneur.

Learning how to draft a sports cards and memorabilia company business plan isn't difficult. If you can get past the mystique, you'll see that a business plan just describes where your sports cards and memorabilia business is headed and how you intend to get there.

Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.

Before you begin, we recommend reviewing a few sample business plans.

Look Over the Competition

Before you open a sports cards and memorabilia business in your town, it's a smart move to determine how many competitors you have. Use the link below to generate a list of competitors in your area. Just enter your city, state and zip code to get a list of sports cards and memorabilia businesses in your community.

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 want to open a sports cards and memorabilia business be sure to speak with somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. Why would they want to educate a future competitor?

Fortunately, somebody who runs a sports cards and memorabilia business in a location that is not competitive to you can be a great learning resource for you, once they realize that you are not going to directly compete with them in their community. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.

How would you find a sports cards and memorabilia business owner in another community?

Easy. Find them using our link below and start calling until you are successful.

Purchasing a Sports Cards & Memorabilia Business

Many experts advise against starting a sports cards and memorabilia business if you can buy an established operation. Yet the process of buying a sports cards and memorabilia business introduces a new set of challenges.

Buying a business can be just as complex as starting one. For most prospective business buyers, the first step is to contact a business broker.

Although you could buy a sports cards and memorabilia business on your own, you'll save time and money by recruiting a reputable broker with industry experience.

Consider Franchising

Most new business startups struggle to gain a foothold in the marketplace. Across industries, franchise startups tend to fare better than independent startups. Unlike traditional business models, franchise startups launch with many of the resources and learnings that other startups acquire over time.

At a minimum, click the link below to explore the possibility of pursuing a franchised approach to your sports cards and memorabilia business startup.

Related Articles on Starting a Company

These additional resources regarding getting started as an entrepreneur may be of interest to you.

How to Find Angel Investors

Characteristics of Successful Entrepreneurs

Free Business Plan Templates


Conversation Board

How can we improve this article on launching a sports cards and memorabilia business? Please post your thoughts 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 Sports Cards & Memorabilia Business?

If you currently own a sports cards and memorabilia business, these resources will come in handy:

Marketing a Sports Cards and Memorabilia Business

Selling a Sports Cards and Memorabilia Business

Do You Sell to Sports Cards & Memorabilia Businesses?

If you sell to sports cards and memorabilia businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:

Selling to Sports Cards and Memorabilia Businesses

Mailing Lists for Sports Cards and Memorabilia Businesses

More Startup Guides

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