Start a Business
Opening a Writing Services Business
If you are thinking of opening a writing services business, priority one is researching the competition and thinking through the business.
Thinking about opening a writing services business? We tell you what you need to know to get started.
Characteristics of a Good Writing Services Company Business Plan
Your writing services company's business plan should be tailored to your business's unique traits and goals. However, the most effective business plans do address specific sound business plan elements:
- Mission Statement – Your description of your writing services business's reason for existing.
- Goals & Objectives – A list of mile markers on your writing services business's road to success.
- Financial, Marketing & Action Plans – Each of these plans covers a specific aspect of your writing services business's strategy and direction.
Check Out Competitors
Well in advance of opening a writing services business in your area, it's essential to see how many competitors you have. Use the link below to find competitors in your city. Complete the form by entering your city, state and zip code to get a list of writing services businesses that are close by.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
Once you've finished assessing the competion, it's a wise move to have a conversation with someone who is in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
Fortunately, somebody who runs a writing services business outside of your community can be a great learning resource for 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. If you are persistent, you can find a business mentor who is willing to help you out.
Where can you find an owner of a writing services business who is willing to advise you because you live in different cities?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Top Three Reasons to Buy an Established Writing Services Business
It's almost always preferable to buy a writing services business than to pursue a writing services business startup.
Due diligence and other business buying requirements are essential. But there are several reasons why buying a writing services business may still be your best bet.
- Initial Revenue. If you're careful in your research, the writing services business you buy will have a track record of profitability – a big plus since it may take months or even years for a startup to turn a profit.
- Operational Efficiency. When you're shopping for a writing services business, be sure to look for ones that have all of the necessary processes and systems to ensure seamless operations from your first day of ownership.
- Capital Acquisition. Lenders, investors and other funding sources almost always prefer business purchases to startups.
Don't Forget About Franchising As an Option
You should know that your odds of making a success of your new business are higher if you buy a franchise instead of doing it all on your own.
If you planning on starting a writing services business, it's worthwhile to determine whether franchise opportunities in your space might make it easy to get started.
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 Advice for Startups
These additional resources regarding getting started as an entrepreneur may be of interest to you.
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