Wondering how to start a tattoo and piercing equipment and supplies business? We take you step-by-step from start to success.
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How to Create a Winning Tattoo & Piercing Equipment & Supplies Company Business Plan
By now, you're probably tired of hearing how important a good business plan is to your tattoo and piercing equipment and supplies business startup.
Although it might seem like an unnecessary formality, your tattoo and piercing equipment and supplies company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Here's something else you should know: Business plans help prevent 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.
Investigate the Competition
Before you open a tattoo and piercing equipment and supplies business in your town, it's worthwhile to find out how you will fit in the competitive landscape. We've provided the link below to help you get a list of local competitors in your city. After clicking on the link, type in your city, state and zip code to get a list of tattoo and piercing equipment and supplies businesses near you.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
Once you've finished assessing the competion, it's a wise move to talk to somebody who is already in the business. If you think owners of nearby tattoo and piercing equipment and supplies businesses will give you advice, think again. The last thing they want to do is help you to be a better competitor.
Thankfully, an owner of a a tattoo and piercing equipment and supplies business in another town can be a great learning resource for you, as long as they don't view you as a competitive threat. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How do you find a tattoo and piercing equipment and supplies business owner outside of your area who is willing to talk?
It's easy. Here's a link you can use to find a mentor outside of your area.
Acquisitions vs. Startups
Unfortunately, many inexperienced tattoo and piercing equipment and supplies 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 tattoo and piercing equipment and supplies business may be the better choice.
An acquired tattoo and piercing equipment and supplies 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.
Don't Rule Out Franchising
Your chances for growing your business are greatly increased when you opt to franchise instead of doing it all on your own.
Before starting a tattoo and piercing equipment and supplies business, a smart move is to investigate whether franchising might help you on your entrepreneurial journey.
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 already are in business and came here to learn about growing an existing tattoo and piercing equipment and supplies business, these resources will come in handy:
If you came here to learn about selling to tattoo and piercing equipment and supplies businesses, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.