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Free General Contractor Business Plan
If you are starting a General Contractor business then it is wise for you to write down a General Contractor business plan. If you want capital for your business this will help you with it and even if you are fortunate to have enough funds to start-up your own business then a business plan will assist you in your business approach. This will increase the likelihood of your business being a hit, which cannot be a bad thing.
Your plan should consist of the following...
General Contractor Executive Summary
Your General Contractor executive summary should be written at the end (even though it must show at the top of your plan) subsequent to you having done all the ground work in preparing your business plan - it is after all intended to be a digest of your business. This is the page that ought to grab the interest of the reader and make them comprehend what your General Contractor business is about. Commonly it should give the person who reads it 3 years highlights of your business or longer if you come up with a more long term business plan - i.e. when the financier(s) are to be expected to start seeing some yield on their investment. The General Contractor executive summary should declare the key protagonists who are available to help manage the business and generate the profits 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.
General Contractor Objectives
As the executive summary regularly includes the breakdown of the first three years - your objectives should in addition be set out for your first 3 years of operation - this could be a handful or may possibly be a great deal more complete - it is completely up to you, however having unrealistic goals to attain for your General Contractor business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your high objectives.Read more about business objectives.
General Contractor 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 sell it! If you can build your General Contractor business up to sell it whilst retaining a number of shares then you will have done well. To grasp your fundamental mission you will in all probability require several smaller missions - these may well be to attract a certain revenue, to reach a certain number 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 ought to tell people how and why your General Contractor business is going to be a success - if you cannot think of something to put in writing here then you are without hope. Even if your response is simply that you are going to put more effort in than your competitor - then at least that is something...but you'll need to back it up with some substantiation especially if you are looking for investment in your General Contractor business.
Company Summary
Here you ought to put in writing a simple construct of your business over the next three years unless you have a long term plan.
Company Ownership
Simply write who is going to own the General Contractor business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively regular for somebody to own part of a company but hold no voice in how that business is run. You must display if the business 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 General Contractor business going to be trading from and why are you going to be trading from this site - you might not be able to give a pinpoint address at this young stage but you need to narrow it down as much as you can, as obviously this will have a critical effect on your company. It is frequently simple to get premises for any General Contractor business more than ever in this climate with so many businesses folding, but getting the appropriate 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 General Contractor Business.
Before you can plug any services or products you ought to record accurately all of the items you are going to need and if you are going to require any resources in order to pay for all of these items. You might require to vary your start-up summary depending on your economic position - so you may well desire selected General Contractor equipment nevertheless not be capable of purchasing it until you have sold several units of service / product.
General Contractor Start-Up Costs
This is a uncomplicated list of stuff you need to buy or things you can bring into the company if you already be the owner of them before your General Contractor business can begin operating. If you do not have adequate capital you should also add in who is going to present this investment to get your General Contractor business going.
Visit this page for more typical start up costs.
General Contractor Investment
If you don't have sufficient funds you ought to include the complete investment you are going to require and furthermore involve the breakdown of the parties that are going to finance the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the deal. 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 General Contractor Business.
General Contractor Business Plan Page 2
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