Thinking about opening a building contractors' referral services business? We tell you what you need to know to get started.
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Creating a Business Plan for a Building Contractors' Referral Services Business
A common mistake for a small business owner is to not create a business plan.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. The absence of an effective business plan inevitably results in impulsive leadership, limiting your building contractors' referral services business's ability to succeed long-term.
Start by defining your business mission. The process of writing a mission statement doesn't have to be complicated. With a carefully crafted mission statement in place, the other piece of the business plan puzzle will begin to fall in place.
Long before you open a building contractors' referral services business within your community, it's a good idea to determine how many competitors you have. Try our link below to get a list of local competitors in your area. Just enter your city, state and zip code to get a list of building contractors' referral services businesses in your community.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
If you want to open a building contractors' referral services business the next step is to talk to somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.
On the other hand, an individual who has a building contractors' referral services business in a different city may be more than happy to give you a few tips, after they realize you reside far away from them and won't be stealing their local customers. Many business owners are happy to give advice to new entrepreneurs It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How does one quickly and easily locate a building contractors' referral services business entrepreneur on the other side of the country to talk to?
Easy. Find them using our link below and start calling until you are successful.
Advantages of a Building Contractors' Referral Services Business Purchase
On a percentage basis, more entrepreneurs intend to enter building contractors' referral services business ownership through a startup than through a business purchase. Yet building contractors' referral services business startups aren't easy - many fail within the first year.
So it makes sense that the idea of buying vs. starting a business should be carefully evaluated before you commit to an ownership strategy. Although startup owners may have greater control over the shape and scope of their companies, they lack the advantage of a proven business model. Along the same lines, it can take years for a startup company to achieve brand recognition while an existing business may already be a trusted name in your target market.
Franchising May Be a Better Way to Go
Joining a franchise network means you can leverage ideas and systems that were developed by experienced entrepreneurs who know your industry inside and out.
Prior to starting a building contractors' referral services business, a smart move is to assess whether there are good franchise opportunities available that might make sense for you.
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 interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing building contractors' referral services business, these resources will come in handy:
If you came here to learn about selling to building contractors' referral services 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.