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Free Electric Appliance Repair Shop Business Plan
If you are starting an Electric Appliance Repair Shop business then it is wise for you to put in writing an Electric Appliance Repair Shop business plan. If you need finance for your company this will help you with it and even if you are lucky to have sufficient money to set up your own business then a business plan will be of assistance to you in your business strategy. This will boost the likelihood of your business being a triumph, which cannot be a bad thing.
Your plan should involve the following...
Electric Appliance Repair Shop Executive Summary
Your Electric Appliance Repair Shop executive summary should be written last after you have done all the ground work in preparing your business plan - it is after all meant to be a summation of your business. This is the page that should grab the attention of the reader and make them know what your Electric Appliance Repair Shop business is about. By and large it ought to present the reader 3 years highlights of your business or longer if you comprise a more long term business plan - i.e. when the investor(s) are expected to start seeing some revenue on their investment. The Electric Appliance Repair Shop executive summary should point out the major leading roles who are available to assist manage the business and produce the profits for the investors and if any new management will be needed in the procedure. Click here for more free advice on how to write your executive summary.
Electric Appliance Repair Shop Objectives
As the executive summary as a rule includes the breakdown of the first three years - your objectives should in addition be set out for your first three years of operation - this can be a small number or might be much more thorough - it is wholly up to you, on the contrary having unrealistic goals to reach for your Electric Appliance Repair Shop business in an unrealistic timeframe will put likely investors off rather than them being impressed at your lofty objectives.Read more about business objectives.
Electric Appliance 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 should be to sell it! If you can build your Electric Appliance Repair Shop business up to sell it at the same time as retaining a number of shares then you will have done well. To grasp your last mission you will most likely need a quantity of smaller missions - these may be to reach a certain revenue, to attain a certain quantity of customers, to retail 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 ought to tell people how and why your Electric Appliance Repair Shop business is going to be a triumph - if you cannot think of something to write here then you are doomed. Even if your response is simply 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 attestation especially if you are looking for funding in your Electric Appliance Repair Shop business.
Company Summary
Here you ought to write down a simple construct of your business over the next three years unless you have a long term plan.
Company Ownership
Basically record who is going to own the Electric Appliance Repair Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's reasonably normal for somebody to have possession of part of a business but hold no say in how that business is run. You must display if the company is a limited company, private, public or if you are a one man band.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Electric Appliance Repair Shop business going to be trading from and why are you going to be trading from this place - you might 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 obviously this will have a considerable effect on your business. It's frequently effortless to get premises for any Electric Appliance Repair Shop business markedly in this climate with so many businesses going out of business, but getting the right 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 Electric Appliance Repair Shop Business.
Before you can sell any services or products you ought to write down accurately all of the items you are going to require and if you are going to need any resources in order to pay for all of these things. You may possibly need to adjust your start-up summary depending on your financial situation - so you may well have a preference for selected Electric Appliance Repair Shop equipment nevertheless not be able to afford it until you have sold several units of service / product.
Electric Appliance Repair Shop Start-Up Costs
This is a uncomplicated record of things you need to buy or things you can bring into the company if you already own them before your Electric Appliance Repair Shop business can start the ball rolling. If you don't have sufficient cash you should also add in who is going to present this investment to get your Electric Appliance Repair Shop business going.
Visit this page for more typical start up costs.
Electric Appliance Repair Shop Investment
If you don't have sufficient capital you ought to bring in the total investment you are going to require and furthermore involve the breakdown of the parties that are going to fund the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the contract. 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 Electric Appliance Repair Shop Business.
Electric Appliance Repair Shop Business Plan Page 2
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