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Free Electrical Contractor Business Plan
If you are starting an Electrical Contractor business then it is wise for you to write an Electrical Contractor business plan. If you need capital for your company this will assist you with it and even if you are blessed to have enough capital to set up your own business then a business plan will support you in your business approach. This will improve the odds of your business being a success, which cannot be a bad thing.
Your plan should embrace the following...
Electrical Contractor Executive Summary
Your Electrical Contractor executive summary should be written at the end (although should be found at the top of your plan) as soon as you have done all the ground work in preparation of your business plan - it is after all intended to be a summary of your business. This is the page that will grab the attention of the reader and make them value what your Electrical Contractor business is concerning. Generally speaking it should present the reader three years highlights of your business or longer if you have a more long term business plan - i.e. when the investor(s) are apt to start seeing some revenue on their investment. The Electrical Contractor executive summary ought to reference the main leading roles who are going to assist run the business and produce the takings for the investors and if any additional management will be required in the procedure. Click here for more free advice on how to write your executive summary.
Electrical Contractor Objectives
As the executive summary ordinarily includes the breakdown of the first three years - your objectives should in addition be set out for your first three years of operation - this may well be a handful or may well be to a great extent more in depth - it is entirely up to you, although having unrealistic goals to complete for your Electrical Contractor business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your noble objectives.Read more about business objectives.
Electrical Contractor Mission
A number of people see objectives and mission as the same thing 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 Electrical Contractor business up to sell it at the same time as retaining a number of shares then you will have achieved success. To arrive at your fundamental mission you will in all probability require several smaller missions - these could be to reach a certain revenue, to reach a certain amount of customers, to wholesale 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 ought to tell people how and why your Electrical Contractor business is going to be a success - if you cannot think of something to record here then you are doomed. Even if your response is simply that you are going to work harder than your competitor - then at least that is something...but you'll need to back it up with some confirmation in particular if you are looking for funding in your Electrical Contractor business.
Company Summary
Here you ought to compose a basic arrangement 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 Electrical Contractor business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's fairly common for someone to hold part of a business but have no voice in how that business is run. You need to disclose 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 Electrical Contractor business going to be trading from and why are you going to be trading from this position - you may not be able to give a pinpoint address at this primitive stage but you ought to narrow it down as much as you can, as obviously this will have a fundamental effect on your company. It's as a rule easy to get premises for any Electrical Contractor 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 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 Electrical Contractor Business.
Before you can promote any products or services you need to record exactly all of the equipment you are going to require and if you are going to require any investment in order to pay for all of these things. You may require to play down your start-up summary depending on your financial situation - so you may well have a preference for certain Electrical Contractor equipment nevertheless not be capable of purchasing it until you have sold a few units of service / product.
Electrical Contractor Start-Up Costs
This is a upfront inventory of things you need to buy and things you can bring into the business if you already be the owner of them before your Electrical Contractor business can begin working. If you don't have sufficient money you should also add in who is going to offer this wealth to get your Electrical Contractor business going.
Visit this page for more typical start up costs.
Electrical Contractor Investment
If you don't have sufficient money you should bring in the full amount of investment you are going to require and what's more involve the breakdown of the parties that are going to bankroll 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 Electrical Contractor Business.
Electrical Contractor Business Plan Page 2
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