Thinking about opening a pet care services business? We tell you what you need to know to get started.
(article continues below)
Creating a Business Plan for a Pet Care Services Business
A common mistake for a small business owner is to not create business plan for your startup pet care services business.
The key benefit of writing a business plan is that it defines the game plan. The absence of an effective business plan inevitably results in impulsive leadership, 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. From there, it's time to initiate the hard work involved with writing the rest of your pet care services company's business plan.
Prior to opening a pet care services business in your town, it's essential to see how strong the competition is. We've provided the link below to help you generate a list of competitors in your city. After following the link, enter your city, state and zip code to get a list of pet care services businesses in your area.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
As part of your due diligence on opening a pet care services business, be sure to talk to somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.
Fortunately, somebody who runs a pet care services business outside of your community will be much more likely to talk with 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. 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 can you find somebody who runs a pet care services business in another community?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Advantages of a Pet Care Services Business Purchase
On a percentage basis, more entrepreneurs intend to enter pet care services business ownership through a startup than through a business purchase. But the harsh reality is that startup pet care services businesses experience a high failure rate compared to entrepreneurs who buy existing pet care services businesses.
There are a lot of factors that need to be considered in buying vs. starting a business. By buying a profitable pet care services 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
If you don't have much business experience, you ought to think about whether it makes sense to franchise instead of doing everything yourself.
If you planning on starting a pet care services business, a smart move is to determine whether buying a franchise could 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 interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you currently own a pet care services business, these resources will come in handy:
If you sell to pet care services businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.