Thinking about opening a putting greens business? We tell you what you need to know to get started.
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Successful Business Plans for Putting Greens Businesses
If you've done your homework, you already know that writing a business plan is the most critical thing you can do for your company.
Although it might seem like an unnecessary formality, your putting greens company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Here's something else you should know: Business plans help prevent key startup mistakes. If your business plan includes accurate industry metrics and conservative forecasts, your business will be less vulnerable to market fluctuations and catastrophic surprises.
Check Out Competitors
Prior to launching a putting greens business in your town, it's a smart move to find out how many competitors you have. Try our link below to generate a list of competitors in your city. Complete the form by entering your city, state and zip code to get a list of putting greens businesses that are close by.
Is the established competition doing a good job? It's important to understand their strengths and weaknesses and think through how you'll stake up against those established businesses.
Learn from Others Who Are Already In This Space
If you want to open a putting greens business be sure to speak with somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. It'd be crazy for them to teach you the business.
Thankfully, an owner of a a putting greens business outside of your community can be a great learning resource for you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
How would you find somebody who runs a putting greens business on the other side of the country to talk to?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Acquisitions vs. Startups
Unfortunately, many inexperienced putting greens business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Unless you have compelling reasons to launch a new business, buying an existing putting greens business may be the better choice.
An acquired putting greens business is a known quantity; a startup is less certain because its forecasts depend on estimated outcomes. If you're diligent about finding the right acquisition prospect, you may be able to leverage a business buying strategy to rapidly propel yourself into a position of industry leadership.
Don't Rule Out Franchising
Recognize that your chances of thriving in your new business greatly improve if you become a franchisee in lieu of doing everything yourself.
If your goal is to start a putting greens business, it's worthwhile to assess whether there are good franchise opportunities available that might 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 additional resources regarding starting a business may be of interest to you.
If you currently own a putting greens business, these resources will come in handy:
If you sell to putting greens 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.