Fish Tank Shop (Startup Finance - Business Planning - Coaching)
Opening a fish tank shop is a highly rewarding experience. Start a fish tank business and allow fish hobbyists to follow their passion and dream. Get yourself ready now and earn thousands of dollars with a fish tank shop business idea.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
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Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
Fish keeping has become one of the most popular hobbies among millions of enthusiasts across the globe. A fish lover can run highly profitable fish tank shop business as long as he separates his self from the competition. However, this charming business requires the right business model and strategic planning. Moreover, this business is very costly, complicated and need high maintenance. You will need high knowledge about tropical fish, keen business sense and deep passion for successfully running this business.
Fish tanks are very popular among homeowners and office managers. Fish tanks are widely used or decoration purposes. Fish tank shop offers aquarium related products and offers such as installation, maintenance, and cleaning. Some of the essential items provided by fish tank store include tanks, fish foods, nets, heaters, filtration system, tank decoration, oxygen provider etc. To succeed in this business, you should have expertise in aquarium design and should be able to troubleshoot any problem experienced by your customers. Since you will be new in this business, you will require to develop an exceptional portfolio and customer development strategies.
Before getting into this business you should take the relevant training to succeed in this business. The main challenge of the fish tank shop business is taking proper care of fishes. Get proper training to learn how to take care of fishes. You can run fish tank store, aquarium maintenance store and online aquarium store. Marketing strategy should be creative. Identify the people who already have aquariums. Put up the billboard in the famous location of the city or the town. Offer initial opening discounts and markdown on yearly contracts. Consider having your own business since it will attract more customers.
YOUR MARKET
Your target market includes fish lovers, homeowners, and offices. Maintain a healthy relationship with your clients so that they recommend your shop to their friends and family.
- Retail shop: Establish a retail shop in a location that provides you high visibility and relatively easy access to walk-in traffic. The retail store should have adequate water supply and electricity.
- Website: A stylish website will help customers to know about your products and help in the expansion.
- Social media: Use social media channels like YouTube, Instagram, Facebook, Pinterest to promote your business.
INVESTMENT
The startup cost for fish tank shop business idea is high. However, the profit potential is high as fish tank shop is often marked up 100 % or more. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A business that offers an opportunity to turn your love of fish into the business.
- This business offers a wide range of potential clients.
- You can earn extra income by offering maintenance services.
- High market potential using smart marketing strategy.
- High startup investment with high earning potential.
