Free Bicycle Repair Shop Business Plan
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Free Bicycle Repair Shop Business Plan

If you are setting up a Bicycle Repair Shop business then it is sensible for you to put in writing a Bicycle Repair Shop business plan. If you need money for your business this will assist you with it and even if you are blessed to have enough funds to set up your own business then a business plan will help you in your business approach. This will increase the odds of your business being a success, which cannot be a bad thing.

Your plan should embrace the following...

Bicycle Repair Shop Executive Summary

Your Bicycle Repair Shop executive summary should be written at the end (even though it should show first in your plan) after you have done all the ground work in preparing your business plan - it is after all meant to be a digest of your business. This is the page that should grab the awareness of the reader and make them appreciate what your Bicycle Repair Shop business is concerning. Commonly it should present the person who reads it 3 years highlights of your business or longer if you possess a more long term business plan - i.e. when the shareholder(s) are likely to start seeing some profit on their investment. The Bicycle Repair Shop executive summary ought to talk about the main leading roles who are available to help run the business and generate the income for the investors and if any additional management will be needed in the process. Click here for more free advice on how to write your executive summary.

Bicycle Repair Shop Objectives

As the executive summary typically includes the breakdown of the first three years - your objectives must as well be set out for your first three years of operation - this can be a small number or might be to a large extent more detailed - it's entirely up to you, although having unrealistic goals to realize for your Bicycle Repair Shop business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your admirable objectives.Read more about business objectives.

Bicycle Repair Shop Mission

Some people see objectives and mission as identical things but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to get bought out! If you can build your Bicycle Repair Shop business up to sell it whilst retaining a number of shares then you will have achieved success. To achieve your fundamental mission you will probably need several smaller missions - these may well be to reach a certain income, to reach a certain amount of customers, to wholesale a certain number 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 Bicycle Repair Shop business is going to be a success - if you cannot think of anything to record here then you are relying on a lot of luck. Even if your solution is just that you are going to work harder than the next person - then at least that is something...but you will need to back it up with some substantiation especially if you are looking for investment in your Bicycle Repair Shop business.

Company Summary

Here you should write down a simple construct of your business over the next 3 years unless you have a long term plan.

Company Ownership

Plainly enter who is going to own the Bicycle Repair Shop 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 someone to have possession of part of a company but have no say in how that business is run. You must reveal if the company 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 Bicycle Repair Shop business going to be trading from and why are you going to be trading from this site - you may not be capable of giving pinpoint address at this near the beginning stage but you ought to narrow it down as much as you can, as clearly this will have a profound impact on your company. It is usually effortless to get premises for any Bicycle Repair Shop business specially in this climate with so many businesses folding, but getting the correct business premises for the right money is a different prospect entirely.

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 Bicycle Repair Shop Business.

Before you can plug any products or services you ought to write down precisely all of the things you are going to need and if you are going to require any money in order to pay for all of these things. You might require to vary your start-up summary depending on your economic circumstances - so you may desire selected Bicycle Repair Shop equipment but not be capable of buying it until you have sold a few units of service / product.

Bicycle Repair Shop Start-Up Costs

This is a basic record of stuff you need to buy and stuff you can bring into the business if you already own them before your Bicycle Repair Shop business can start working. If you don't have enough cash you should also incorporate who is going to make available this money to get your Bicycle Repair Shop business going.

Visit this page for more typical start up costs.

Bicycle Repair Shop Investment

If you don't have enough money you should include the full amount of investment you are going to require and in addition involve the breakdown of the parties that are going to bankroll the investment. Include the equity being given away to fund this or loan agreements in order to finance the arrangement. 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 Bicycle Repair Shop Business.

Bicycle Repair Shop Business Plan Page 2

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