Entrepreneur Idea Guide
Opening a Horoscopes Business
Excited to start a horoscopes business? Don't move too fast. Take the time to talk to the competition...both near and far.
Thinking about opening a horoscopes business? We tell you what you need to know to get started.
Creating a Business Plan for a Horoscopes Business
One of the worst mistakes you can make as a small business owner is to not create business plan for your startup horoscopes business.
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, choosing short-term opportunities at the expense of long-term benefits.
Before you make another business decision and before you start writing a business plan, you need to create a mission statement. With a carefully crafted mission statement in place, you can begin to build on it with goals, budget estimates, marketing plans and other elements that are typically found in startup business plans.
Evaluate Competitors
Prior to opening a horoscopes business in your town, it's a smart move to find out what the competition looks like. We've provided the link below to help you get a list of local competitors in your area. Simply enter your city, state and zip code to get a list of horoscopes 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. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?
However, a fellow entrepreneur who has started a horoscopes business in another town can be a great learning resource for 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. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How does one go about finding a horoscopes business owner 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!
Benefits of Buying a Horoscopes Business
Every entrepreneur dreams about building a highly successful company from the ground up. Yet horoscopes business startups aren't easy - many fail within the first year.
There are a lot of factors that need to be considered in buying vs. starting a business. By buying a profitable horoscopes business, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.
Consider Franchising
You should know that your odds of doing well with your venture zoom upwards when you franchise and leverage their successful brand and track record.
Before starting a horoscopes business, you may want to investigate whether franchise opportunities in your space 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.
Related Articles on Starting a Company
These additional resources regarding getting started as an entrepreneur may be of interest to you.
Characteristics of Successful Entrepreneurs
Share this article
Additional Resources for Entrepreneurs