subject: The Number One Reason to Buy a Turnkey Business Package [print this page] The Number One Reason to Buy a Turnkey Business Package
The decision is made! You're going to start your own business. Most likely you've put pencil to paper to see where you are financially, to know what you can afford and where you will get the necessary funds. You've spent hours upon hours thinking about what you want to do. You've thought about your passion and what you'll get out of the business.
Hopefully you also thought about how you're going to begin. You have a choice of starting from the ground up or buying a start-up kit. Though more funds will be necessary, you might choose to purchase a turnkey business package.
There are pros and cons to each of these, but the number one reason to purchase a turnkey business package is the knowledge you'll receive. Your investment will be well-placed in the experience gained by the creators of this jump-start to learning the business. You will, in essence, be buying a mentor who will share all they've learned over the years...processes, procedures, marketing, sales and more.
There are many types of turnkey business packages, and you must be prudent when choosing which one will best serve your needs. Some are little more than a start-up package. Others are fully developed, franchise-like packages that are a true, complete "turn the key and you're in business" product. These are the ones that have time established to share, guide and mentor you.
Talk to the founders/owners of the turnkey business. Find out every element they offer in their package. Ask if you'll receive continued support and training. Ask exactly what the training includes (some consider a manual as training). Determine if it is noted in the contract. Find out if they will cover marketing, processes, procedures, etc., during the scheduled training times. Talk to current owners and ask them directly how much help they receive.
The key element is learning the industry, not just how to complete the task. Areas that should be included in this sharing of knowledge is 1) how to determine what to charge, 2) who the professionals are that can become great referral sources, 3) how to address the push-backs during the selling process, 4) how to market it and to whom, 5) how to determine pricing and anything else you need to learn. Will they teach you all of that? They should! So make sure the number one reason to buy a turnkey business package is actually part of the package!
