Thinking about opening a writing school? We tell you what you need to know to get started.
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Business Plans 101 for Writing School Startups
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. Now it's time to address details about your industry.
A detailed, yet concise industry analysis is a basic component of a startup writing school business plan. Industry analyses are critical for contextualizing your startup within an industry setting.
Although it sounds complicated, most entrepreneurs can create an effective industry analysis section by simply steering clear of common industry analysis mistakes.
Check Out the Competition
Long before you open a writing school in your town, it's a smart move to see how strong the competition is. 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 writing schools 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?
Fortunately, somebody who runs a writing school on the other side of the country may be willing to share their entrepreneurial wisdom with you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Do you know how to find a writing school manager who is willing to talk to you but doesn't live nearby?
It's easy. Here's a link you can use to find a mentor outside of your area.
Entrepreneurial Alternatives for Writing Schools
Some entrepreneurs buy existing writing schools, while others plunge headfirst into a writing school startup. There are a lot of benefits of buying a writing school.
The current economic climate is a buyer's market – if you have enough capital to start a writing school, you should have no problem financing the purchase of a writing school that has a solid earnings history and a workable business model.
Consider Buying a Franchise
If you are a newbie entrepreneur, it's smart to think through purchasing a franchise.
Before starting a writing school, you would be wise to check out 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.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you sell to writing schools, 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.