Becoming an Entrepreneur
How to Start a Contractors' Referral Services Commercial & Industrial Business
Have you made the decision to start a contractors' referral services commercial and industrial business? We help you avoid the mistakes that frequently cause problems to new entrepreneurs.
Thinking about opening a contractors' referral services commercial and industrial business? We tell you what you need to know to get started.
Writing Tips for a Contractors' Referral Services Commercial & Industrial Company Business Plan
Like it or not, your new contractors' referral services commercial and industrial business is going nowhere fast without a business plan.
But here's the good news: With a few tips, any entrepreneur can create a successful plan for their business. Business plans are entrepreneurial roadmaps that identify destinations for growth and the routes your contractors' referral services commercial and industrial business will take to reach them.
Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.
Before you begin, we recommend reviewing a few sample business plans.
Assess the Competition
Before you open a contractors' referral services commercial and industrial business in your area, it's essential to find out how you will fit in the competitive landscape. We've provided the link below to help you find competitors nearby. Simply enter your city, state and zip code to get a list of contractors' referral services commercial and industrial businesses in your town.
If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.
Finding a Non-Competitive Business Mentor
Once you've finished assessing the competion, be sure to talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. The last thing they want to do is help you to be a better competitor.
Thankfully, an owner of a a contractors' referral services commercial and industrial business on the other side of the country can be a great learning resource for you, once they realize that you are not going to directly compete with them in their community. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. 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.
How do you locate an owner of a contractors' referral services commercial and industrial business outside of your area who is willing to talk?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Purchasing a Contractors' Referral Services Commercial & Industrial Business
Many experts advise against starting a contractors' referral services commercial and industrial business if you can buy an established operation. Yet the process of buying a contractors' referral services commercial and industrial business introduces a new set of challenges.
As you would expect, there are a number of steps in buying a business. A business broker is the gateway to the buying process.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Consider Franchising
The probabilities on your thriving in your new business are much better when you join the ranks of franchisees instead of doing it all on your own.
Before you consider starting a contractors' referral services commercial and industrial business, you may want to investigate whether buying a franchise could 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.
Related Articles on Starting a Company
These additional resources regarding starting a business may be of interest to you.
Characteristics of Successful Entrepreneurs
Share this article
Additional Resources for Entrepreneurs