August 8, 2020  
 
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How to Start a Rack Dealership

Starting a rack dealership? This article discusses the most important things you should consider when opening a rack dealership.

Wondering how to start a rack dealership? We take you step-by-step from start to success.
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Business Plan Mechanics for Rack Dealerships

Haven't created a business plan for your rack dealership yet? You could be in big trouble.

At Gaebler, we advise new business owners to keep your business plan simple. Ultimately, your business plan is intended to be a resource for you, the business owner.

Instead of investing countless hours in a lengthy business plan, put pen to paper now and document the essentials with the understanding that your plan will be revised as you move forward.

Don't Ignore the Competition

Prior to launching a rack dealership in your area, it's essential to see what the competition looks like. Try our link below to find competitors in your area. Simply enter your city, state and zip code to get a list of rack dealerships in your town.

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 are seriously contemplating launching a rack dealership, the next step is to have a conversation with someone who is in the business. If you think your local competitors will give you advice, you're being overoptimistic. What's in it for them?

However, a fellow entrepreneur who has started a rack dealership in a different city may be willing to share their entrepreneurial wisdom with you, as long as they don't view you as a competitive threat. Many business owners are happy to give advice to new 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.

How do you find an owner of a rack dealership in a different locale who can assist you?

It's easy. Here's a link you can use to find a mentor outside of your area.

Why You Should Buy (Instead of Start) a Rack Dealership

It's no secret that entrepreneurs have a strong impulse to build companies from the ground up.

Yet a healthier and safer strategy may be to purchase an existing rack dealership.

Existing rack dealerships are proven operations with dependable revenue streams. And that's not to mention the fact that a purchase let's you avoid the trial-and-error mistakes that are common in startups.

Is Franchising the Right Option?

The odds of achieving your primary goal of surviving in business are substantially improved if you go the franchising route in lieu of doing everything yourself.

Prior to starting a rack dealership, you would be wise to determine whether purchasing a franchise might be the right move 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.

Other Useful Articles for Startup Entrepreneurs

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

How to Find Start-Up Capital

Consideration Before Buying a Franchise

Recurring Revenue Business Models


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Already Own a Rack Dealership?

If you currently own a rack dealership, these resources will come in handy:

Marketing a Rack Dealership

Selling a Rack Dealership

Do You Sell to Rack Dealerships?

If you sell to rack dealerships, you're in the wrong place. These resources are more appropriate for you:

Selling to Rack Dealerships

Mailing Lists for Rack Dealerships

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