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Free Food and Drink Retail Business Plan
If you are setting up a Food and Drink Retail business then it is wise for you to write down a Food and Drink Retail business plan. If you need money for your company this will assist you with it and even if you are blessed to have an adequate amount of money to start-up your own business then a business plan will assist you in your business stratagem. This will enhance the odds of your business being a success, which cannot be a bad thing.
Your plan should include the following...
Food and Drink Retail Executive Summary
Your Food and Drink Retail 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 summing up of your business. This is the page that should grab the interest of the reader and make them comprehend what your Food and Drink Retail business is regarding. Generally speaking it should give the reader 3 years highlights of your business or longer if you come up with a more long term business plan - i.e. when the investor(s) are to be expected to start seeing some yield on their investment. The Food and Drink Retail executive summary should mention the chief protagonists who are going to help manage the business and generate the takings for the investors and if any new management will be needed in the process. Click here for more free advice on how to write your executive summary.
Food and Drink Retail Objectives
As the executive summary by and large includes the breakdown of the first 3 years - your objectives should in addition be set out for your first three years of operation - this may be a small number or may possibly be to a great extent more detailed - it's completely down to you, but having unrealistic goals to reach for your Food and Drink Retail business in an unrealistic timeframe will put possible investors off rather than them being impressed at your arrogant objectives.Read more about business objectives.
Food and Drink Retail Mission
A number of 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 ought to be to get bought out! If you can build your Food and Drink Retail business up to sell it whilst retaining a quantity of shares then you will have done well. To arrive at your last mission you will most likely need some smaller missions - these may possibly be to attain a certain turnover, to attain 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 Food and Drink Retail business is going to be a winner - if you cannot think of anything to put in writing here then you are doomed. Even if your answer is purely 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 evidence in particular if you are looking for investment in your Food and Drink Retail business.
Company Summary
Here you should compose a simple arrangement of your business over the next three years unless you have a long term plan.
Company Ownership
Just record who is going to own the Food and Drink Retail business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite common for someone to be in possession of part of a company but have no voice in how that company is run. You must 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 Food and Drink Retail business going to be trading from and why are you going to be trading from this location - you might not be able to give a pinpoint address at this primitive stage but you need to narrow it down as much as you can, as clearly this will have a major effect on your business. It is usually simple to get premises for any Food and Drink Retail business more than ever in this climate with so many businesses folding, but getting the correct 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 Food and Drink Retail Business.
Before you can promote any services or products you need to write down accurately all of the things you are going to require and if you are going to require any funds in order to pay for all of these things. You may require to vary your start-up summary depending on your economic situation - so you may well prefer selected Food and Drink Retail equipment nevertheless not be capable of purchasing it until you have sold several units of service / product.
Food and Drink Retail Start-Up Costs
This is a straightforward list of things you need to buy and things you can bring into the company if you previously be the owner of them before your Food and Drink Retail business can start working. If you do not have sufficient money you should also add in who is going to make available this money to get your Food and Drink Retail business going.
Visit this page for more typical start up costs.
Food and Drink Retail Investment
If you do not have enough funds you should add in the full amount of investment you are going to require and what's more include the breakdown of the parties that are going to bankroll the investment. Incorporate 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 Food and Drink Retail Business.
Food and Drink Retail Business Plan Page 2
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