Thinking about opening a windsurfing and kitesurfing business? We tell you what you need to know to get started.
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Business Plans for a Windsurfing & Kitesurfing Business
A common mistake for a small 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.
Start by defining your business mission. The process of writing a mission statement doesn't have to be complicated. From there, the other piece of the business plan puzzle will begin to fall in place.
Don't Overlook Competitors
Before you open a windsurfing and kitesurfing business in your area, it's worthwhile to find out how you will fit in the competitive landscape. Use the link below to find competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of windsurfing and kitesurfing businesses near you.
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
After you've evaluated your local competitors, you really ought to learn as much as you can from somebody who is already in the business. If you think owners of nearby windsurfing and kitesurfing businesses will give you advice, think again. What's in it for them?
Thankfully, an owner of a a windsurfing and kitesurfing business in another town may be more than happy to give you a few tips, once they realize that you are not going to directly compete with them in their community. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.
How do you find an owner of a windsurfing and kitesurfing business on the other side of the country to talk to?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
Advantages of a Windsurfing & Kitesurfing Business Purchase
On a percentage basis, more entrepreneurs intend to enter windsurfing and kitesurfing business ownership through a startup than through a business purchase. But the harsh reality is that startup windsurfing and kitesurfing businesses experience a high failure rate compared to entrepreneurs who buy existing windsurfing and kitesurfing businesses.
There are a lot of factors that need to be considered in buying vs. starting a business. By buying a profitable windsurfing and kitesurfing 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
Purchasing a franchising lets you tap into franchisor expertise and name recognition.
Prior to making the decision to open a windsurfing and kitesurfing business, you ought to determine whether purchasing a franchise 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 getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing windsurfing and kitesurfing business, try these useful resources:
If you sell to windsurfing and kitesurfing businesses, this isn't the right place for you. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.