Wondering how to start an oil and gas well drilling business? We take you step-by-step from start to success.
Business Plans 101 for Oil & Gas Well Drilling Business Startups
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. Now it's time to address details about your industry.
Industry analyses are standard chapters in oil and gas well drilling company business plans and are often required by lenders or investors. In this section, your readers will gain a clearer understanding of your business stacks up against the rest of the industry.
Although it sounds complicated, most entrepreneurs can create an effective industry analysis section by simply steering clear of common industry analysis mistakes.
Don't Ignore Competitors
Prior to launching an oil and gas well drilling business within your community, it's a smart move to determine how many competitors you have. We've provided the link below to help you generate a list of competitors near you. After following the link, enter your city, state and zip code to get a list of oil and gas well drilling businesses in your area.
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
Once you've finished assessing the competion, you really ought to learn from folks who are already in business. If you think owners of nearby oil and gas well drilling businesses will give you advice, think again. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started an oil and gas well drilling business in a location that is not competitive to you will be much more likely to talk with you, given that you don't compete with them in their area. In fact, they are often very willing to share startup advice 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.
What's the best way to find an entrepreneur who is running an oil and gas well drilling business in another community?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Entrepreneurial Alternatives for Oil & Gas Well Drilling Businesses
Common sense will tell you that to enter the world of oil and gas well drilling business, you'll either need to start a new business or acquire a promising company on the business-for-sale marketplace. Although startup oil and gas well drilling businesses are common, many new entrepreneurs overlook the benefits of buying an oil and gas well drilling business on the business-for-sale marketplace.
If you're on the fence consider this: There has never been a better time to acquire an oil and gas well drilling business. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Don't Rule Out Franchising
The chances of growing your business greatly improve when you join the ranks of franchisees rather than going it alone.
If you planning on starting an oil and gas well drilling business, you would be wise to investigate whether purchasing a franchise might alleviate your startup process.
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 an oil and gas well drilling business, these resources will come in handy:
If you sell to oil and gas well drilling 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.