Thinking about opening a compressor dealers business? We tell you what you need to know to get started.
(article continues below)
Writing Tips for a Compressor Dealers Company Business Plan
Like it or not, your new compressor dealers business is going nowhere fast without a business plan.
Learning how to draft a compressor dealers company business plan isn't difficult. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
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.
Check Out the Competition
Well in advance of opening a compressor dealers business within your community, it's essential to determine what the competition looks like. Use the link below to get a list of local competitors in your area. After following the link, enter your city, state and zip code to get a list of compressor dealers businesses in your area.
Is the established competition doing a good job? It's important to understand their strengths and weaknesses and think through how you'll stake up against those established businesses.
Learn from Others Who Are Already In This Space
Once you've finished assessing the competion, it's a wise move to have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
However, a fellow entrepreneur who has started a compressor dealers business outside of your community will be much more likely to talk with you, given that you don't compete with them in their area. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. 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.
How do you find an entrepreneur who is running a compressor dealers business who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Purchasing a Compressor Dealers Business
Many experts advise against starting a compressor dealers business if you can buy an established operation. But how do you go about locating and purchasing a viable compressor dealers business?
Buying a business can be just as complex as starting one. A business broker is the gateway to the buying process.
Although you could buy a compressor dealers business on your own, you'll save time and money by recruiting a reputable broker with industry experience.
Don't Forget About Franchising As an Option
If you want to tap into an existing brand name and a proven system, you should evaluate buying a franchise rather than starting a business from scratch.
If your goal is to start a compressor dealers business, you would be wise to determine whether there are good franchise opportunities available that might alleviate your startup process.
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 compressor dealers business, these resources will come in handy:
If you came here to learn about selling to compressor dealers 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.