Thinking about opening a bulk oil dealers business? We tell you what you need to know to get started.
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Creating a Business Plan for a Bulk Oil Dealers Business
A common mistake for a new business owner is to launch your company without having written a business plan.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. If you don't have a business plan, your leadership will be handicapped, choosing short-term opportunities at the expense of long-term benefits.
The first step in creating a business plan is to develop a mission statement for your organization. From there, it's time to initiate the hard work involved with writing the rest of your bulk oil dealers company's business plan.
Look Over Competitors
Well in advance of opening a bulk oil dealers business in your area, it's a good idea to see what the competition looks like. Use the link below to generate a list of competitors in your area. Simply enter your city, state and zip code to get a list of bulk oil dealers businesses in your town.
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 a bulk oil dealers business be sure to have a conversation with someone who is in the business. If you think owners of nearby bulk oil dealers businesses will give you advice, think again. The last thing they want to do is help you to be a better competitor.
Thankfully, an owner of a a bulk oil dealers business in a different city will be much more likely to talk with you, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. 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.
What's the best way to find somebody who runs a bulk oil dealers business who is willing to talk to you but doesn't live nearby?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Advantages of a Bulk Oil Dealers Business Purchase
On a percentage basis, more entrepreneurs intend to enter bulk oil dealers business ownership through a startup than through a business purchase. Yet bulk oil dealers business startups aren't easy - many fail within the first year.
There are a lot of factors that need to be considered in buying vs. starting a business. By buying a profitable bulk oil dealers business, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.
The chances of achieving your top business goals immediately improve if you purchase a franchise and leverage their successful brand and track record.
As part of your process in starting a bulk oil dealers business, you would be wise to assess whether franchising might 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 starting a business may be of interest to you.
If you came here to learn about selling to bulk oil dealers businesses, this isn't the right place for you. 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.