Wondering how to start an editors and editorial service? We take you step-by-step from start to success.
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Tips for Writing an Editors & Editorial Service Business Plan
As a startup entrepreneur, you're learning that small business ownership can be a lonely career path. That's especially true when it comes to writing a business plan – the seminal document that will shape the direction of your new editors and editorial service.
Fortunately, you don't have to tackle your editors and editorial service's business plan by yourself. There is a broad range of resources available for solo entrepreneurs who face the daunting task of writing a business plan from scratch.
For more information, take a look at our Business Plan Help section.
Assess the Competition
Prior to launching an editors and editorial service in your town, it's a good idea to determine how you will fit in the competitive landscape. We've provided the link below to help you find competitors nearby. Simply enter your city, state and zip code to get a list of editors and editorial services in your town.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
Once you've finished assessing the competion, it's essential that you learn from folks who are already in 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 an editors and editorial service in a different city can be a great learning resource for you, provided that you won't be directly competing with them. 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 would you find an entrepreneur who is running an editors and editorial service outside of your area who is willing to talk?
Here's one way to do it. Just use our link below, find somebody and call them.
Benefits & Drawbacks of an Editors & Editorial Service Acquisition
An acquisition can be a great way to enter editors and editorial service ownership. But it's important to evaluate the benefits and drawbacks of buying a business before you decide on either an acquisition or startup approach.
PROs: A good editors and editorial service will deliver revenue and ROI from day one. Even more, the right editors and editorial service acquisition can place you in a market leadership position from your first days as a business owner.
CONs: On the downside, editors and editorial service acquisitions can be difficult to adapt to your unique business philosophy so it's important to make sure the business is capable of achieving your ownership goals before you initiate the buying process.
Don't Forget About Franchising As an Option
Your odds of being a successful business owner are higher if you go the franchising route and benefit from the prior work of others and their lessons learned.
If your goal is to start an editors and editorial service, you should determine 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 additional resources regarding getting started as an entrepreneur may be of interest to you.
If you currently own an editors and editorial service, these resources will come in handy:
If you came here to learn about selling to editors and editorial services, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.