Thinking about opening an industrial parks business? We tell you what you need to know to get started.
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Business Plans for an Industrial Parks Business
A common mistake for a small business owner is to not create business plan for your startup industrial parks business.
A good business plan 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 industrial parks company's business plan.
Prior to opening an industrial parks business in your town, it's worthwhile to determine what the competition looks like. Try our link below to generate a list of competitors nearby. Just enter your city, state and zip code to get a list of industrial parks businesses in your community.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
After you've evaluated your local competitors, you really ought to have a conversation with someone who is in the business. If you think owners of nearby industrial parks businesses will give you advice, think again. Why would they want to educate a future competitor?
Thankfully, an owner of a an industrial parks 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 fact, they are often very willing to share startup advice 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 would you find an industrial parks business founder in a different locale who can assist you?
No problem! Just use the link below and try a random city/state or zipcode. Then start dialing for advice until you are successful.
Advantages of an Industrial Parks Business Purchase
On a percentage basis, more entrepreneurs intend to enter industrial parks business ownership through a startup than through a business purchase. However, many new entrepreneurs aren't experienced for the rigors of a startup operation.
So it makes sense that the idea of buying vs. starting a business should be carefully evaluated before you commit to an ownership strategy. Although startup owners may have greater control over the shape and scope of their companies, they lack the advantage of a proven business model. Along the same lines, it can take years for a startup company to achieve brand recognition while an existing business may already be a trusted name in your target market.
Explore Franchising Options
Your odds of thriving in your new business greatly improve if you become a franchisee instead of doing it all on your own.
Before you consider starting an industrial parks business, you should determine whether franchising might simplify your entering the business.
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 industrial parks business, these resources will come in handy:
If you sell to industrial parks 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.