Thinking about opening an utilities business? We tell you what you need to know to get started.
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Business Plan Mechanics for Utilities Businesses
Haven't created a business plan for your utilities business 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.
If your time is limiting, outline the essentials of your utilities company's business plan now and make a commitment to come back to it later.
Well in advance of opening an utilities business within your community, it's worthwhile to see how many competitors you have. We've provided the link below to help you generate a list of competitors near you. After following the link, enter your city, state and zip code to get a list of utilities businesses in your area.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
If you want to open an utilities business it's a smart move to talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. What's in it for them?
However, an entrepreneur who owns an utilities business in a location that is not competitive to you will be much more likely to talk with you, as long as they don't view you as a competitive threat. 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.
How do you go about finding an utilities business manager on the other side of the country to talk to?
Here's one way to do it. Just use our link below, find somebody and call them.
Why You Should Buy (Instead of Start) an Utilities Business
We know . . . From the time you were a kid you dreamed about starting a business from scratch and growing it to a position of market dominance.
But from a business and financial perspective, it may make more sense to leverage an existing utilities business as your vehicle for world domination.
Existing utilities businesses are proven operations with dependable revenue streams. As an added bonus, you'll also gain the ability to headaches and hassles of startup trial-and-error.
Franchising May Be a Better Way to Go
Your odds of growing your business increase when you franchise instead of doing it all on your own.
If you are thinking about opening an utilities business, a smart move is to check out whether purchasing a franchise might help you avoid common entrepreneurial mistakes.
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 utilities business, these resources will come in handy:
If you came here to learn about selling to utilities 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.