Opening a Business
Starting a Building Contractors Commercial & Industrial Business
Starting a building contractors commercial and industrial business is an excellent entrepreneurial opportunity as long as you separate yourself from the competition. This article contains a friendly, comprehensive guide on successfully operating a small business.
Thinking about opening a building contractors commercial and industrial business? We tell you what you need to know to get started.
Creating a Business Plan for a Building Contractors Commercial & Industrial Business
A common mistake for an entrepreneur is to not create a business plan.
The key benefit of writing a business plan is that it defines the game plan. If you don't have a business plan, your leadership will be handicapped, making decisions that could be detrimental to your building contractors commercial and industrial business's values and long-term goals.
Before you make another business decision and before you start writing a business plan, you need to create a mission statement. From there, it's time to initiate the hard work involved with writing the rest of your building contractors commercial and industrial company's business plan.
Investigate the Competition
Prior to launching a building contractors commercial and industrial business within your community, it's a good idea to find out what the competition looks like. Use the link below to 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 building contractors commercial and industrial businesses near you.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
Once you've finished assessing the competion, it's essential that you learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. The last thing they want to do is help you to be a better competitor.
However, an entrepreneur who owns a building contractors commercial and industrial business outside of your community may be more than happy to give you a few tips, provided that you won't be directly competing with them. Many business owners are happy to give advice to new entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Do you know how to find an owner of a building contractors commercial and industrial business that lives outside of your area?
Here's one way to do it. Just use our link below, find somebody and call them.
Benefits of Buying a Building Contractors Commercial & Industrial Business
On a percentage basis, more entrepreneurs intend to enter building contractors commercial and industrial business ownership through a startup than through a business purchase. Yet building contractors commercial and industrial business startups aren't easy - many fail within the first year.
So it makes sense that the idea of buying vs. starting a business should be carefully evaluated before you commit to an ownership strategy. By buying a profitable building contractors commercial and industrial business, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.
Don't Forget About Franchising As an Option
As an entrepreneur, your chances doing well with your venture are greatly increased when you choose to franchise and leverage their successful brand and track record.
Prior to making the decision to open a building contractors commercial and industrial business, it's worthwhile to determine whether there are good franchise opportunities available that might be worth investigating.
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.
Entrepreneur Interviews
These interviews should be of interest to you.
- Interview with Ann McGuire, Founder of Ann McGuire & Associates
- Interview with Julie Eaton, Founder of Eaton Realty Advisors, Inc.
Other Useful Articles for Startup Entrepreneurs
These additional resources regarding starting a business may be of interest to you.
Characteristics of Successful Entrepreneurs
Share this article
Additional Resources for Entrepreneurs