Wondering how to start a jacks business? We take you step-by-step from start to success.
The Jacks Industry
Being in the jacks business can be an uplifting experience.
Whether you want to deal with automotive jacks, heavy duty jacks, collision jacks or industrial jacks - or all of the above for that matter - there's plenty of opportunity. You can make, sell or rent air bottle jacks, manual bottle jacks, transmission jacks, air jacks, floor jacks, hydraulic jacks, race car jacks, railcar jacks, forklift jacks, pallet jacks and mid-rise lifts.
Who knew there were so many different kinds of jacks?! But - take note - you don't want to be a jack of all trades.
Find your niche in the jacks industry and you'll see your fortune get pumped up as you successfully grow your jacks business.
Proven Strategies for Jacks Company Business Plans
The idea of writing a business plan is intimidating to most aspiring jacks business owners. If it's comprehensive and well-written, however, your business plan will serve as a strategic anchor point and a calling card for external stakeholders.
After you have written you plan, you'll also need to develop a strategy for your next steps.
Business plan distribution is just as important as business plan creation. Generally, effective distribution models include the incorporation of tracking systems into the company's startup plan.
Don't Ignore Competitors
Prior to opening a jacks business within your community, it's essential to determine how many competitors you have. Try our link below to generate a list of competitors in your city. After following the link, enter your city, state and zip code to get a list of jacks businesses in your area.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
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. Why would they want to educate a future competitor?
Thankfully, an owner of a a jacks business in another town can be a great learning resource for you, after they realize you reside far away from them and won't be stealing their local customers. In that case, the business owner may be more than happy to discuss the industry with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How does one go about finding an entrepreneur who is running a jacks business in a different locale who can assist you?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Branding Advantages of Buying a Jacks Business
Startup jacks businesses typically suffer when it comes to brand recognition because unlike entrenched competitors, new brands lack visibility and history with their customers.
To compensate, one of the techniques entrepreneurs use is to buy a business to get an established brand. As a startup, the best you can hope for is to gradually develop brand awareness over a period of months and years.
However, a jacks business acquisition can put you at the helm of a brand that is already highly trusted by your target market.
Don't Forget About Franchising As an Option
Your chances of achieving the entrepreneurial goal of achieving your top business goals increase if you opt for franchising in lieu of doing everything yourself.
Before you consider starting a jacks business, you would be wise to determine whether buying a franchise could make sense 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.
These additional resources regarding starting a business may be of interest to you.
If you sell to jacks 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.