August 9, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Become an Entrepreneur

 

Opening a Retirement Living Information & Referral Services Business

Starting a retirement living information and referral services business is a rewarding experience but it's important to plan out the business in detail before you start. We provide a few secrets to develop the business successfully.

Thinking about opening a retirement living information and referral services business? We tell you what you need to know to get started.
(article continues below)

Creating a Business Plan for a Retirement Living Information & Referral Services Business

A common mistake for an entrepreneur is to launch your company without having written business plan for your startup retirement living information and referral services business.

The key benefit of writing a business plan is that it defines the game plan. If you don't have a business plan, your leadership will be handicapped, choosing short-term opportunities at the expense of long-term benefits.

Start by defining your business mission. The process of writing a mission statement doesn't have to be complicated. With a carefully crafted mission statement in place, it's time to initiate the hard work involved with writing the rest of your retirement living information and referral services company's business plan.

Look Over the Competition

Long before you open a retirement living information and referral services business in your area, it's a good idea to find out what the competition looks like. We've provided the link below to help you get a list of local competitors in your city. Just enter your city, state and zip code to get a list of retirement living information and referral services businesses in your community.

If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.

Finding a Non-Competitive Business Mentor

After you've evaluated your local competitors, you really ought to talk to somebody who is already in the business. If you think owners of nearby retirement living information and referral services businesses will give you advice, think again. What's in it for them?

Fortunately, somebody who runs a retirement living information and referral services business outside of your community will be much more likely to talk with you, given that you don't compete with them in their area. In that case, the business owner may be more than happy to discuss the industry 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.

The key question new becomes: how to find an entrepreneur who is running a retirement living information and referral services business in a different locale who can assist you?

Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.

Advantages of a Retirement Living Information & Referral Services Business Purchase

Every entrepreneur dreams about building a highly successful company from the ground up. Yet retirement living information and referral services 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 retirement living information and referral services 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.

Don't Forget About Franchising As an Option

If you are launching your first business venture, you may want to look into whether it makes sense to franchise instead of doing everything yourself.

Before opening a retirement living information and referral services business, you may want to investigate whether franchise opportunities in your space might make your life much easier.

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.

More Startup Articles

These additional resources regarding starting a business may be of interest to you.

Naming My Business


Conversation Board

What haven't we covered regarding starting a retirement living information and referral services business? Please add a comment below.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Already Own a Retirement Living Information & Referral Services Business?

If you currently own a retirement living information and referral services business, these resources will come in handy:

Marketing a Retirement Living Information and Referral Services Business

Selling a Retirement Living Information and Referral Services Business

Do You Sell to Retirement Living Information & Referral Services Businesses?

If you sell to retirement living information and referral services businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:

Selling to Retirement Living Information and Referral Services Businesses

Mailing Lists for Retirement Living Information and Referral Services Businesses

More Startup Guides

If you are interested in starting a different kind of business, please browse our directory of guides below.

 

 

 

 

Additional Resources for Entrepreneurs

Entrepreneur Features

Employee to Entrepreneur

Small Business Ethics

Good Business Books

Studying Entrepreneurship

How Kids Make Money

Social Entrepreneurship

Mergers and Acquisitions

Entrepreneur Blogs