We've collected many pragmatic tips on how to go about starting an Alzheimer's support group.
(article continues below)
How to Create a Winning Alzheimer's Support Group Business Plan
By now, you're probably tired of hearing how important a good business plan is to your Alzheimer's support group startup.
Although it might seem like an unnecessary formality, your Alzheimer's support group's business plan is a document that will shape your goals and strategies on a go-forward basis.
Furthermore, a good business plan will help you avoid key startup mistakes. Lacking a solid business plan, many startups find themselves rudderless and incapable of executing consistent decision making processes, while committed business planners rely on their plans to guide all of their decision making and short-term planning efforts.
Check Out Competitors
Prior to launching an Alzheimer's support group in your town, it's essential to find out how strong the competition is. Use the 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 Alzheimer's support groups that are close by.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
After you've evaluated your local competitors, be sure to learn from folks who are already in business. If you think your local competitors will give you advice, you're being overoptimistic. Why would they want to educate a future competitor?
However, an entrepreneur who owns an Alzheimer's support group in a different city will be much more likely to talk with you, as long as they don't view you as a competitive threat. In fact, they are often very willing to share startup advice with you. If you are persistent, you can find a business mentor who is willing to help you out.
Where does one find an Alzheimer's support group owner that lives outside of your area?
Here's one way to do it. Just use our link below, find somebody and call them.
Should I Buy or Launch an Alzheimer's Support Group?
There is a lot of debate about whether it's better to start a new Alzheimer's support group or acquire an Alzheimer's support group on the business-for-sale marketplace.
Unless you have compelling reasons to launch a new business, buying an existing Alzheimer's support group may be the better choice.
An acquired Alzheimer's support group 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.
Franchising May Be a Better Way to Go
The odds of achieving your primary goal of thriving in your new business zoom upwards if you go the franchising route rather than going it alone.
Before you get too far along in your plan to open an Alzheimer's support group, it's worthwhile to assess whether there are good franchise opportunities available that might help you on your entrepreneurial journey.
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 already are in business and came here to learn about growing an existing Alzheimer's support group, these resources will come in handy:
If you sell to Alzheimer's support groups, this isn't the right place for you. 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.