Here are a number of valuable bits of advice on how to open an annuities business.
How to Write a Simple Annuities Company Business Plan
Haven't created a business plan for your annuities business yet? You could be in big trouble.
At Gaebler, we advise new business owners to keep your business plan simple. Length and polish aren't as important as consistency, accuracy and thoroughness.
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.
Assess the Competition
Prior to opening an annuities business in your town, it's essential to see how you will fit in the competitive landscape. We've provided the link below to help you generate a list of competitors in your city. Simply enter your city, state and zip code to get a list of annuities businesses 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 interested in starting an annuities business, it's essential that you have a conversation with someone who is in the business. If you think owners of nearby annuities businesses will give you advice, think again. It'd be crazy for them to teach you the business.
On the other hand, an individual who has an annuities business in another town may be willing to share their entrepreneurial wisdom with you, after they realize you reside far away from them and won't be stealing their local customers. Many business owners are happy to give advice to new entrepreneurs It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
Where do you find an annuities business manager that lives outside of your area?
Easy. Find them using our link below and start calling until you are successful.
Advantages of Buying an Established Annuities Business
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 annuities business.
Existing annuities businesses are proven operations with dependable revenue streams. When you buy, you also gain the ability to sidestep all of the trial-and-error that comes standard with any annuities business startup.
Explore Franchising Options
The odds of avoiding failure in business go up significantly when you franchise and leverage their successful brand and track record.
If your goal is to start an annuities business, you should check out whether franchising might be worth investigating.
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 annuities businesses, we've got better information for you elsewhere on our site. 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.