Thinking about opening a relocation services business? We tell you what you need to know to get started.
(article continues below)
Characteristics of a Good Relocation Services Company Business Plan
Your relocation services company's business plan should be tailored to your business's unique traits and goals. But if it's done right, your relocation services business's plan should contain a handful of sound business plan elements:
- Mission Statement – Your description of your relocation services business's reason for existing.
- Goals & Objectives – A list of mile markers on your relocation services business's road to success.
- Financial, Marketing & Action Plans – Specific plans that describe your business environment, demographic targets and quantitative estimates.
Review the Competition
Prior to opening a relocation services business within your community, it's worthwhile to see what the competition looks like. Try our link below to generate a list of competitors in your area. Complete the form by entering your city, state and zip code to get a list of relocation services businesses that are close by.
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
As part of your due diligence on opening a relocation services business, it's a smart move to talk to somebody who is already in the business. If you think owners of nearby relocation services businesses will give you advice, think again. It'd be crazy for them to teach you the business.
Fortunately, somebody who runs a relocation services business in another town can be a great learning resource for you, provided that you won't be directly competing with them. 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.
How does one quickly and easily locate a relocation services business owner in another community?
Simple. Let your fingers do the walking by using the link below.
Three Arguments for Buying a Relocation Services Business
It's almost always preferable to buy a relocation services business than to pursue a relocation services business startup.
You'll want to conduct a comprehensive due diligence process, but here are three arguments why you should think about buying instead of a startup.
- Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
- Operational Efficiency. A good relocation services business should already function like a well-oiled machine.
- Funding. Lenders, investors and other funding sources almost always prefer business purchases to startups.
Franchising May Be a Better Way to Go
Purchasing a franchise makes it a certainty that you get access to great ideas that were developed by experienced entrepreneurs who know your industry inside and out.
Before opening a relocation services business, a smart move is to investigate whether franchising might make sense 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 starting a business may be of interest to you.
If you sell to relocation services businesses, 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.