Thinking about opening a pipes cutting and threading business? We tell you what you need to know to get started.
(article continues below)
Best Practices: Business Plans for Pipes Cutting & Threading Businesses
A great business plan will lay a strong foundation for growth in your startup pipes cutting and threading business.
The financial section of your business plan is especially relevant to funding concerns. The financial chapter of your business plan is one of the first places investors and lenders look, so it needs to contain forecasts and budgets that are rooted in business realities rather than your personal best case scenario.
With so much riding on your business plan, we recommend getting a firm grasp on business plan financial basics before you start writing the other parts of your business plan.
Check Out Competitors
Before you open a pipes cutting and threading business in your town, it's worthwhile to see how strong the competition is. Use the link below to generate a list of competitors nearby. Complete the form by entering your city, state and zip code to get a list of pipes cutting and threading businesses that are close by.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
Once you've finished assessing the competion, it's a wise move to learn as much as you can from somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a pipes cutting and threading business outside of your community will be much more likely to talk with you, as long as they don't view you as a competitive threat. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Where would you find a pipes cutting and threading business manager that lives outside of your area?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Pipes Cutting & Threading Business Acquisitions: Financial Considerations
Worried about the financial aspects of starting a pipes cutting and threading business? Most startup pipes cutting and threading business owners are.
Financial risk management requires you to at least consider the possibility of setting your startup plans aside to explore acquisition opportunities. Many entrepreneurs buy an existing business for the sole purpose of tapping into the financial benefits of an established customer base.
But most importantly, existing pipes cutting and threading businesses have documented financial histories. Although you can create pro forma earnings and financial statements for a startup, a business-for-sale should have a well-documented, multi-year history of financial performance.
Explore Franchising Options
Your odds of achieving your top business goals are greatly increased if you decide to franchise rather than going it alone.
If you planning on starting a pipes cutting and threading business, you may want to investigate whether buying a franchise could simplify your entering the business.
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 pipes cutting and threading business, these resources will come in handy:
If you sell to pipes cutting and threading businesses, you're in the wrong place. 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.