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Free Hot Air Balloon Service Business Plan
If you are starting a Hot Air Balloon Service business then it is sensible for you to write a Hot Air Balloon Service business plan. If you require finance for your business this will assist you with it and even if you are lucky to have an adequate amount of capital to set up your own business then a business plan will support you in your business strategy. This will boost the chances of your business being a success, which cannot be a bad thing.
Your plan should incorporate the following...
Hot Air Balloon Service Executive Summary
Your Hot Air Balloon Service executive summary should be written at the end (even though it must appear at the top of your plan) subsequent to you having done all the ground work in preparation of your business plan - it is after all intended to be a summing up of your business. This is the page that ought to grab the interest of the reader and make them comprehend what your Hot Air Balloon Service business is concerning. By and large it should provide the person who reads it 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 come back on their investment. The Hot Air Balloon Service executive summary ought to talk about the main protagonists who are available to assist manage the business and generate the profits for the investors and if any new management will be required in the process. Click here for more free advice on how to write your executive summary.
Hot Air Balloon Service Objectives
As the executive summary usually includes the breakdown of the first 3 years - your objectives should in addition be set out for your first 3 years of operation - this may well be a small number or may well be much more in depth - it is entirely down to you, but having unrealistic goals to attain for your Hot Air Balloon Service business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your grand objectives.Read more about business objectives.
Hot Air Balloon Service 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 Hot Air Balloon Service business up to sell it at the same time as keeping a number of shares then you will have done well. To grasp your definitive mission you will most likely require a quantity of smaller missions - these may perhaps be to attract a certain amount of earnings, to reach a certain number 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 Hot Air Balloon Service business is going to be a hit - if you cannot think of something to record here then you are without hope. Even if your response is just that you are going to work harder than the next guy - then at least that is something...but you'll need to back it up with some proof in particular if you are looking for investment in your Hot Air Balloon Service business.
Company Summary
Here you should compose a simple construct of your business over the next three years unless you have a long term plan.
Company Ownership
In simple terms note down who is going to own the Hot Air Balloon Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is quite common for somebody to own part of a business but hold no say in how that business is run. You need to say 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 Hot Air Balloon Service business going to be trading from and why are you going to be trading from this position - you might not be capable of giving pinpoint address at this early stage but you ought to narrow it down as much as you can, as clearly this will have a profound impact on your business. It's by and large easy to get premises for any Hot Air Balloon Service business markedly 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 Hot Air Balloon Service Business.
Before you can sell any services or products you need to record exactly all of the equipment 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 well require to vary your start-up summary depending on your economic position - so you may prefer selected Hot Air Balloon Service equipment but not be capable of purchasing it until you have sold a few units of service / product.
Hot Air Balloon Service Start-Up Costs
This is a upfront record of things you need to buy or stuff you can bring into the business if you previously own them before your Hot Air Balloon Service business can begin operating. If you do not have enough capital you ought to also include who is going to provide this wealth to get your Hot Air Balloon Service business going.
Visit this page for more typical start up costs.
Hot Air Balloon Service Investment
If you do not have adequate cash you should add in the complete investment you are going to need and furthermore 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 agreement. 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 Hot Air Balloon Service Business.
Hot Air Balloon Service Business Plan Page 2
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