How to Start a Business
Starting a Drapery & Curtain Trimmings & Supplies Business
Starting a drapery and curtain trimmings and supplies business is your ticket to owning a good, stable business as long as you separate yourself from the competition. Here are tips and advice on the essential elements for business success.
Thinking about opening a drapery and curtain trimmings and supplies business? We tell you what you need to know to get started.
Creating a Business Plan for a Drapery & Curtain Trimmings & Supplies Business
A common mistake for a small business owner is to not create a business plan.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. 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. Once you're satisfied with your drapery and curtain trimmings and supplies business's mission, it's time to initiate the hard work involved with writing the rest of your drapery and curtain trimmings and supplies company's business plan.
Assess the Competition
Prior to launching a drapery and curtain trimmings and supplies business in your area, 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 drapery and curtain trimmings and supplies businesses in your town.
Is the local market large enough to support another drapery and curtain trimmings and supplies business? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
If you are seriously contemplating launching a drapery and curtain trimmings and supplies business, it's a wise move to speak with somebody who is already in the business. It's very unlikely that the local competition will talk to you. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a drapery and curtain trimmings and supplies business in another town will be much more likely to talk with you, provided that you won't be directly competing with them. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How do you locate a drapery and curtain trimmings and supplies business owner who is willing to talk to you but doesn't live nearby?
It's easy. Here's a link you can use to find a mentor outside of your area.
Advantages of a Drapery & Curtain Trimmings & Supplies Business Purchase
On a percentage basis, more entrepreneurs intend to enter drapery and curtain trimmings and supplies business ownership through a startup than through a business purchase. But the harsh reality is that startup drapery and curtain trimmings and supplies businesses experience a high failure rate compared to entrepreneurs who buy existing drapery and curtain trimmings and supplies businesses.
There are a lot of factors that need to be considered in buying vs. starting a business. 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.
As an entrepreneur, your chances becoming a successful entrepreneur immediately improve if you decide to franchise instead of doing it all on your own.
If you planning on starting a drapery and curtain trimmings and supplies business, you would be wise to assess whether buying a franchise could be the right move for you.
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.
Other Useful Articles for Startup Entrepreneurs
These additional resources regarding getting started as an entrepreneur may be of interest to you.
Share this article
Additional Resources for Entrepreneurs