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Free Automotive Repair Business Plan
If you are starting an Automotive Repair business then it is wise for you to write down an Automotive Repair business plan. If you want capital for your company this will help you with it and even if you are blessed to have an adequate amount of capital to set up your own business then a business plan will help you in your business approach. This will increase the chances of your business being a hit, which cannot be a bad thing.
Your plan ought to involve the following...
Automotive Repair Executive Summary
Your Automotive Repair executive summary ought to be written at the end (although should appear first in your plan) once you have done all the ground work in preparing your business plan - it is after all intended to be a digest of your business. This is the page that will grab the interest of the reader and make them realize what your Automotive Repair business is concerning. Commonly it ought to present the person who reads it three years highlights of your business or longer if you comprise a more long term business plan - i.e. when the shareholder(s) are expected to start seeing some yield on their investment. The Automotive Repair executive summary ought to declare the major leading roles who are available to help run the business and produce the returns for the investors and if any new management will be required in the procedure. Click here for more free advice on how to write your executive summary.
Automotive Repair Objectives
As the executive summary customarily includes the breakdown of the first 3 years - your objectives must also be set out for your first 3 years of operation - this might be a small number or possibly will be to a great extent more detailed - it is entirely up to you, nevertheless having unrealistic goals to reach for your Automotive Repair business in an unrealistic timeframe will put possible investors off rather than them being impressed at your elevated objectives.Read more about business objectives.
Automotive Repair Mission
Some people see objectives and mission as identical things but they aren't - objectives are there for you to meet your mission. The final mission of any business should be to get bought out! If you can build your Automotive Repair business up to sell it whilst retaining a quantity of shares then you will have done well. To grasp your last mission you will almost certainly require several smaller missions - these may perhaps be to attract a certain turnover, to reach a certain amount of customers, to push a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You need to tell people how and why your Automotive Repair business is going to be a success - if you cannot think of something to enter here then you are doomed. Even if your answer is just that you are going to put more effort in than your competitor - then at least that is something...but you'll need to back it up with some evidence in particular if you are looking for funding in your Automotive Repair business.
Company Summary
Here you should write down a basic structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
In simple terms record who is going to own the Automotive Repair business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is quite regular for somebody to hold part of a company but have no voice in how that business is run. You must declare if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Automotive Repair business going to be trading from and why are you going to be trading from this site - you may well not be able to give a pinpoint address at this early stage but you need to narrow it down as much as you can, as clearly this will have a considerable impact on your company. It's usually effortless to get premises for any Automotive Repair business more than ever in this climate with so many businesses folding, but getting the right business premises for the right money is a different prospect completely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Automotive Repair Business.
Before you can push any services or products you ought to write down precisely all of the equipment you are going to require and if you are going to need any investment in order to pay for all of these things. You might require to alter your start-up summary depending on your fiscal position - so you might have a preference for selected Automotive Repair equipment nevertheless not be able to have the funds for it until you have sold a few units of product / service.
Automotive Repair Start-Up Costs
This is a upfront list of stuff you need to buy and things you can bring into the company if you already own them before your Automotive Repair business can come into being. If you do not have sufficient capital you ought to also include who is going to present this money to get your Automotive Repair business going.
Visit this page for more typical start up costs.
Automotive Repair Investment
If you do not have sufficient capital you should incorporate the complete investment you are going to need and what's more involve the breakdown of the parties that are going to fund the investment. Include the equity being given away to fund this or loan agreements in order to finance the transaction. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Automotive Repair Business.
Automotive Repair Business Plan Page 2
Useful Automotive Repair Resources
Automotive Repair Marketing Plan | Automotive Repair Equipment | Automotive Repair Online
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