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Free Electronic Repairs Business Plan
If you are setting up an Electronic Repairs business then it is sensible for you to write an Electronic Repairs business plan. If you need finance for your company this will help you with it and even if you are fortunate to have an adequate amount of money to set up your own business then a business plan will benefit you in your business stratagem. This will increase the probability of your business being a success, which cannot be a bad thing.
Your plan should consist of the following...
Electronic Repairs Executive Summary
Your Electronic Repairs executive summary ought to be written last once you have done all the ground work in preparing your business plan - it is after all intended to be a summation of your business. This is the page that will grab the attention of the reader and make them appreciate what your Electronic Repairs business is concerning. Generally speaking it should provide the reader 3 years highlights of your business or longer if you produce a more long term business plan - i.e. when the shareholder(s) are likely to start seeing some revenue on their investment. The Electronic Repairs executive summary should point out the chief leading roles who are available to assist manage the business and produce the proceeds for the investors and if any extra management will be needed in the process. Click here for more free advice on how to write your executive summary.
Electronic Repairs Objectives
As the executive summary ordinarily includes the breakdown of the first 3 years - your objectives should also be set out for your first 3 years of operation - this may perhaps be a small number or possibly will be a good deal more complete - it is completely down to you, but having unrealistic goals to achieve for your Electronic Repairs business in an unrealistic timeframe will put possible investors off rather than them being impressed at your haughty objectives.Read more about business objectives.
Electronic Repairs Mission
A number of 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 get bought out! If you can build your Electronic Repairs business up to sell it at the same time as retaining a number of shares then you will have achieved victory. To attain your last mission you will in all probability require several smaller missions - these may well be to attain a certain turnover, to reach a certain quantity of patrons, 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 need to advise people how and why your Electronic Repairs 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 answer is purely that you are going to put more effort in than the next guy - then at least that is something...but you'll need to back it up with some substantiation in particular if you are looking for investment in your Electronic Repairs business.
Company Summary
Here you ought to write a simple construct of your business over the next 3 years unless you have a long term plan.
Company Ownership
In basic terms note down who is going to own the Electronic Repairs business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively widespread for somebody to be the owner of part of a company but hold no say in how that company is run. You need to display 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 Electronic Repairs business going to be trading from and why are you going to be trading from this locality - you may not be capable of giving pinpoint address at this young stage but you ought to narrow it down as much as you can, as obviously this will have a major impact on your business. It's usually simple to get premises for any Electronic Repairs business especially in this climate with so many businesses going out of business, 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 Electronic Repairs Business.
Before you can promote any products or services you ought to write down exactly all of the things you are going to require and if you are going to need any money in order to pay for all of these things. You may perhaps need to moderate your start-up summary depending on your monetary position - so you may well have a preference for certain Electronic Repairs equipment however not be capable of purchasing it until you have sold a few units of service / product.
Electronic Repairs Start-Up Costs
This is a uncomplicated inventory of things you need to buy and stuff you can bring into the company if you previously have possession of them before your Electronic Repairs business can start the ball rolling. If you do not have sufficient money you should also include who is going to provide this wealth to get your Electronic Repairs business going.
Visit this page for more typical start up costs.
Electronic Repairs Investment
If you don't have sufficient funds you should add in the full amount of investment you are going to need and what's more include the breakdown of the parties that are going to finance 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 Electronic Repairs Business.
Electronic Repairs Business Plan Page 2
Useful Electronic Repairs Resources
Electronic Repairs Marketing Plan | Electronic Repairs Equipment | Electronic Repairs Online
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