Start a Business
Opening a Writers Business
This advice is perfect for aspiring entrepreneurs who hope to start a writers business. Read this advice before you open up shop.
Thinking about opening a writers business? We tell you what you need to know to get started.
Successful Business Plans for Writers Businesses
By now, you're probably tired of hearing how important a good business plan is to your writers business startup.
Although it might seem like an unnecessary formality, your writers company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Furthermore, a good business plan will help you avoid key startup mistakes. Lacking a solid business plan, many startups find themselves rudderless and incapable of executing consistent decision making processes, while committed business planners rely on their plans to guide all of their decision making and short-term planning efforts.
Evaluate the Competition
Prior to opening a writers business within your community, it's a good idea to determine how strong the competition is. Use the link below to generate a list of competitors near you. Just enter your city, state and zip code to get a list of writers businesses in your community.
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
As part of your due diligence on opening a writers business, you really ought to have a conversation with someone who is in the business. If you think owners of nearby writers businesses will give you advice, think again. The last thing they want to do is help you to be a better competitor.
Fortunately, somebody who runs a writers business outside of your community may be willing to share their entrepreneurial wisdom with you, after they realize you reside far away from them and won't be stealing their local customers. 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.
Where can an aspiring entrepreneur like you find a writers business entrepreneur who is willing to talk to you but doesn't live nearby?
Here's one way to do it. Just use our link below, find somebody and call them.
Acquisitions vs. Startups
Unfortunately, many inexperienced writers business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Unless you have compelling reasons to launch a new business, buying an existing writers business may be the better choice.
An acquired writers business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. The key is to locate a business-for-sale that closely matches your ownership philosophy and professional objectives.
Don't Rule Out Franchising
Your chances for surviving in business are much better if you purchase a franchise and benefit from the prior work of others and their lessons learned.
Prior to starting a writers business, you may want to assess whether buying a franchise could help you on your entrepreneurial journey.
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 interviews should be of interest to you.
- Interview with Lynda Cookson, Artist and Author
- Interview with Sara Morgan, Founder of Custom Solutions
- Interview with Prakash L Dheeriya, Founder of Fintelligence Publishing
- Interview with Shel Horowitz, Founder of Accurate Writing & More/FrugalMarketing.com
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