Thinking about opening a temperature controlled storage business? We tell you what you need to know to get started.
(article continues below)
Core Characteristics of Temperature Controlled Storage Company Business Plans
Ask a dozen people how to write an effective business plan and you'll get a dozen different answers. But despite the diversity of approaches, there are some business plan features that are absolutely essential.
If your plan lacks required elements like an executive summary or marketing plan, it could jeopardize its potential to deliver real benefits to your startup.
But in today's business environment, it's also important to discuss the external factors your temperature controlled storage business is facing. As a rule, we recommend including a PEST (Political, Economic, Social & Technological) analysis in your business plan as a way of addressing potential threats and opportunities at the macro level.
Assess the Competition
Prior to launching a temperature controlled storage business in your area, it's essential 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 nearby. Simply enter your city, state and zip code to get a list of temperature controlled storage businesses in your town.
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
If you are interested in starting a temperature controlled storage business, it's essential that you learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. The last thing they want to do is help you to be a better competitor.
However, a fellow entrepreneur who has started a temperature controlled storage business in another town will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. In fact, they are often very willing to share startup advice with you. If you are persistent, you can find a business mentor who is willing to help you out.
Where does one find somebody who runs a temperature controlled storage business in a different locale who can assist you?
Simple. Let your fingers do the walking by using the link below.
Buying Advice for Temperature Controlled Storage Business Entrepreneurs
Many entrepreneurs elect to acquire a profitable temperature controlled storage business instead of navigating the challenges of a business startup.
But before you can seal the deal on a temperature controlled storage business purchase, you're going to need financing. Business acquisitions are easier to finance than business startups, even though the financing process can still be exhausting.
Our Business Acquisition Financing Tips have the information you need to successfully navigate the challenges of financing your new business.
Don't Rule Out Franchising
Recognize that your chances of making a success of your new business increase if you go the franchising route and benefit from the prior work of others and their lessons learned.
Before opening a temperature controlled storage business, a smart move is to check out whether there are good franchise opportunities available that might make your life much easier.
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 already are in business and came here to learn about growing an existing temperature controlled storage business, these resources will come in handy:
If you sell to temperature controlled storage businesses, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.