Thinking about opening a bottled and bulk water retail business? We tell you what you need to know to get started.
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How to Write a Top Quality Bottled & Bulk Water Retail Company Business Plan
A business plan is the skeletal framework for your bottled and bulk water retail business's mission, goals and strategic vision.
But from an outsider's perspective, your business plan is also a reality check. Third-party stakeholders want to make sure that the most important parts of your plan are based on real world information, including your business plan's market analysis section.
For the sake of accuracy, you'll want to educate yourself about how to write the market analysis section of a business plan. While a robust market analysis can be a selling point for a bottled and bulk water retail business startup, weak market research is a sure giveaway for a business that hasn't invested adequate effort in planning.
Don't Overlook Competitors
Before you open a bottled and bulk water retail business within your community, it's worthwhile to determine how many competitors you have. We've provided the link below to help you get a list of local competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of bottled and bulk water retail businesses near you.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
As part of your due diligence on opening a bottled and bulk water retail business, 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. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a bottled and bulk water retail business in a different city will be much more likely to talk with you, as long as they don't view you as a competitive threat. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Want the scoop on finding a bottled and bulk water retail business entrepreneur who is willing to talk to you but doesn't live nearby?
It's easy. Here's a link you can use to find a mentor outside of your area.
Getting Started in Bottled & Bulk Water Retail Business Ownership
As a prospective bottled and bulk water retail business owner, your entry options are limited to buying a viable business or building one from scratch.
We understand why a startup may sound appealing. A new bottled and bulk water retail business will definitely be more reflective of your personal business philosophy. Yet startups are also more difficult to finance because their nature is inherently risky.
Acquired bottled and bulk water retail businesses are known quantities - and are less risky for lenders. On the whole, buying a business minimizes uncertainty as well as many of the objections lenders use to disqualify startup entrepreneurs from financing.
Many entrepreneurs recognize that there are many startup mistakes that can be mitigated by buying a franchise.
If your goal is to start a bottled and bulk water retail business, you should investigate whether franchise opportunities in your space might increase your chances of success.
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 bottled and bulk water retail business, these resources will come in handy:
If you sell to bottled and bulk water retail businesses, we've got better information for you elsewhere on our site. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.