Thinking about opening a pottery retailer? We tell you what you need to know to get started.
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Creating a Business Plan for a Pottery Retailer
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 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 pottery retailer's values and long-term goals.
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 pottery retailer's business plan.
Look Over the Competition
Prior to opening a pottery retailer within your community, it's worthwhile to find out what the competition looks like. Try our link below to generate a list of competitors near you. Just enter your city, state and zip code to get a list of pottery retailers in your community.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
As part of your due diligence on opening a pottery retailer, it's essential that you learn as much as you can from somebody who is already in the business. If you think owners of nearby pottery retailers will give you advice, think again. What's in it for them?
On the other hand, an individual who has a pottery retailer in a different city may be willing to share their entrepreneurial wisdom with you, provided that you won't be directly competing with them. Many business owners are happy to give advice to new entrepreneurs If you are persistent, you can find a business mentor who is willing to help you out.
How do you go about finding a pottery retailer founder who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Advantages of a Pottery Retailer Purchase
On a percentage basis, more entrepreneurs intend to enter pottery retailer ownership through a startup than through a business purchase. Yet pottery retailer 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. 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.
Franchising May Be a Better Way to Go
Your odds of becoming a successful entrepreneur are substantially improved when you join the ranks of franchisees and benefit from the prior work of others and their lessons learned.
Prior to making the decision to open a pottery retailer, you should assess whether franchising might 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 came here to learn about selling to pottery retailers, we've got better information for you elsewhere on our site. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.