Thinking about opening an utility location services business? We tell you what you need to know to get started.
(article continues below)
Creating a Business Plan for an Utility Location Services Business
A common mistake for a small business owner is to launch your company without having written business plan for your startup utility location services business.
A good business plan defines the game plan. The absence of an effective business plan inevitably results in impulsive leadership, limiting your utility location services business's ability to succeed long-term.
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.
Prior to opening an utility location services business within your community, it's a smart move to find out how many competitors you have. We've provided the link below to help you generate a list of competitors in your city. After clicking on the link, type in your city, state and zip code to get a list of utility location services 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, the next step is to talk to somebody who is already 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.
But, a person who owns an utility location services business outside of your community will be much more likely to talk with you, given that you don't compete with them in their area. 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.
What's the best way to find an utility location services business manager outside of your area who is willing to talk?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Advantages of an Utility Location Services Business Purchase
As a would-be utility location services business owner, the impulse to build a company from scratch is in your blood. Yet utility location services business startups aren't easy - many fail within the first year.
The decision of buying vs. starting a business shouldn't be taken lightly. 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.
The odds of achieving your primary goal of growing your business greatly improve if you go the franchising route and benefit from the prior work of others and their lessons learned.
Before you consider starting an utility location services business, you should check out whether buying a franchise could make your life much easier.
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 utility location services business, these resources will come in handy:
If you sell to utility location services businesses, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.