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Free Oil and Gas Exploration Service Business Plan
If you are starting an Oil and Gas Exploration Service business then it is wise for you to write down an Oil and Gas Exploration Service business plan. If you need money for your company this will assist you with it and even if you are lucky to have enough money to start-up your own business then a business plan will benefit you in your business strategy. This will improve the odds of your business being a success, which cannot be a bad thing.
Your plan ought to consist of the following...
Oil and Gas Exploration Service Executive Summary
Your Oil and Gas Exploration Service executive summary ought to be written last after you have done all the ground work in preparing your business plan - it is after all meant to be a digest of your business. This is the page that ought to grab the interest of the reader and make them know what your Oil and Gas Exploration Service business is regarding. Commonly it should provide the person who reads it 3 years highlights of your business or longer if you carry out a more long term business plan - i.e. when the shareholder(s) are to be expected to start seeing some profit on their investment. The Oil and Gas Exploration Service executive summary should reference the major leading roles who are available to help manage the business and generate the profits 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.
Oil and Gas Exploration Service Objectives
As the executive summary customarily includes the breakdown of the first three years - your objectives should also be set out for your first three years of operation - this may be a small number or may well be to a great extent more thorough - it's totally up to you, however having unrealistic goals to achieve for your Oil and Gas Exploration Service business in an unrealistic timeframe will put likely investors off rather than them being impressed at your admirable objectives.Read more about business objectives.
Oil and Gas Exploration Service Mission
Some 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 sell it! If you can build your Oil and Gas Exploration Service business up to sell it whilst keeping a number of shares then you will have done well. To arrive at your definitive mission you will in all probability need several smaller missions - these may well be to attract a certain income, to attain a certain quantity of clients, to trade 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 Oil and Gas Exploration Service business is going to be a success - if you cannot think of something to enter here then you are doomed. Even if your remedy is simply that you are going to put more effort in than the next guy - then at least that is something...but you will need to back it up with some substantiation especially if you are looking for investment in your Oil and Gas Exploration Service business.
Company Summary
Here you ought to compose a simple construct of your business over the next three years unless you have a long term plan.
Company Ownership
Simply record who is going to own the Oil and Gas Exploration Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is fairly widespread for someone to be in possession of part of a business but hold no voice in how that business is run. You must disclose 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 Oil and Gas Exploration Service business going to be trading from and why are you going to be trading from this spot - you may not be able to give a pinpoint address at this near the beginning stage but you have to narrow it down as much as you can, as clearly this will have a critical impact on your business. It's usually effortless to get premises for any Oil and Gas Exploration Service business in particular 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 Oil and Gas Exploration Service Business.
Before you can plug any products or services you ought to record accurately all of the items you are going to require and if you are going to require any funds in order to pay for all of these items. You may possibly need to modify your start-up summary depending on your monetary situation - so you may perhaps prefer specific Oil and Gas Exploration Service equipment although not be able to find the money for it until you have sold several units of service / product.
Oil and Gas Exploration Service Start-Up Costs
This is a straightforward record of things you need to buy or stuff you can bring into the business if you previously own them before your Oil and Gas Exploration Service business can start operating. If you do not have enough cash you should also add in who is going to present this resource to get your Oil and Gas Exploration Service business going.
Visit this page for more typical start up costs.
Oil and Gas Exploration Service Investment
If you don't have adequate capital you should include the complete investment you are going to need and what's more include the breakdown of the parties that are going to fund the investment. Include 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 Oil and Gas Exploration Service Business.
Oil and Gas Exploration Service Business Plan Page 2
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