Thinking about opening a timber framing and structures business? We tell you what you need to know to get started.
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Business Plan Basics for Timber Framing & Structures Businesses
You've been working on your timber framing and structures company's business plan for a while now and you think you're really starting to make progress. You've covered your mission, your strategy and the financial chapter is top notch. But your business plan won't be finished until you've included material about your industry.
Industry analyses are standard chapters in timber framing and structures company business plans and are often required by lenders or investors. In most cases, industry analyses discuss the opportunities and threats that confront similar businesses throughout your industry.
Although it sounds complicated, most entrepreneurs can create an effective industry analysis section by simply steering clear of common industry analysis mistakes.
Prior to opening a timber framing and structures business within your community, it's essential to determine how you will fit in the competitive landscape. Try our link below to find competitors in your city. After following the link, enter your city, state and zip code to get a list of timber framing and structures businesses in your area.
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
Once you've finished assessing the competion, it's a wise move to speak with somebody who is already in the business. It's very unlikely that the local competition will talk to you. Why would they want to educate a future competitor?
Thankfully, an owner of a a timber framing and structures business outside of your community may be willing to share their entrepreneurial wisdom with you, provided that you won't be directly competing with them. Many business owners are happy to give advice to new 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.
Do you know how to find a timber framing and structures business owner in a different locale who can assist you?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Gaining Access to Timber Framing & Structures Business Ownership
As a timber framing and structures business entrepreneur, it's important to explore all of your options before you commit to a specific business opportunity. But despite the attraction startups have for many entrepreneurs, you should also consider the benefits of buying a timber framing and structures business.
If you're on the fence consider this: There has never been a better time to acquire a timber framing and structures business. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Franchising May Be a Better Way to Go
Your chances of achieving the entrepreneurial goal of thriving in your new business zoom upwards if you go the franchising route in lieu of doing everything yourself.
Prior to making the decision to open a timber framing and structures business, you ought to check out whether buying a franchise could 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 getting started as an entrepreneur may be of interest to you.
If you currently own a timber framing and structures business, these resources will come in handy:
If you sell to timber framing and structures businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.