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Free Oil Change and Lube Station Business Plan
If you are starting an Oil Change and Lube Station business then it is prudent for you to write an Oil Change and Lube Station business plan. If you require finance for your company this will assist you with it and even if you are fortunate to have sufficient capital to set up your own business then a business plan will support you in your business strategy. This will boost the probability of your business being a hit, which cannot be a bad thing.
Your plan should contain the following...
Oil Change and Lube Station Executive Summary
Your Oil Change and Lube Station executive summary should be written last subsequent to you having done all the ground work in preparation of your business plan - it is after all intended to be an outline of your business. This is the page that ought to grab the awareness of the reader and make them understand what your Oil Change and Lube Station business is regarding. Commonly it should present the person who reads it 3 years highlights of your business or longer if you possess a more long term business plan - i.e. when the backer(s) are to be expected to start seeing some profit on their investment. The Oil Change and Lube Station executive summary ought to point out the major leading roles who are available to help run the business and generate the proceeds for the investors and if any extra management will be needed in the procedure. Click here for more free advice on how to write your executive summary.
Oil Change and Lube Station Objectives
As the executive summary usually includes the breakdown of the first three years - your objectives should in addition be set out for your first 3 years of operation - this can be a small number or may perhaps be a good deal more exhaustive - it is completely down to you, however having unrealistic goals to achieve for your Oil Change and Lube Station business in an unrealistic timeframe will put likely investors off rather than them being impressed at your high objectives.Read more about business objectives.
Oil Change and Lube Station Mission
Various people see objectives and mission as the same thing 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 Oil Change and Lube Station business up to sell it at the same time as retaining a number of shares then you will have achieved victory. To attain your final mission you will in all probability require several smaller missions - these may well be to attract a certain income, to attain a certain amount of customers, to retail 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 advise people how and why your Oil Change and Lube Station business is going to be a hit - if you cannot think of something to record here then you are relying on a lot of luck. Even if your remedy is in simple terms that you are going to put more effort in than the next person - then at least that is something...but you will need to back it up with some confirmation in particular if you are looking for investment in your Oil Change and Lube Station business.
Company Summary
Here you ought to compose a simple structure of your business over the next three years unless you have a long term plan.
Company Ownership
Basically enter who is going to own the Oil Change and Lube Station business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is reasonably widespread for someone to be in possession of part of a company but have no voice in how that company is run. You need to say if the business 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 Change and Lube Station business going to be trading from and why are you going to be trading from this site - you may perhaps not be able to give a pinpoint address at this young stage but you have to narrow it down as much as you can, as clearly this will have a crucial impact on your business. It's generally simple to get premises for any Oil Change and Lube Station business especially in this climate with so many businesses folding, but getting the reasonable 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 Oil Change and Lube Station Business.
Before you can promote any services or products you need to record accurately all of the items you are going to require and if you are going to require any money in order to pay for all of these items. You might require to adjust your start-up summary depending on your economic position - so you may well have a preference for certain Oil Change and Lube Station equipment but not be able to afford it until you have sold several units of service / product.
Oil Change and Lube Station Start-Up Costs
This is a simple list of stuff you need to buy or stuff you can bring into the company if you already have possession of them before your Oil Change and Lube Station business can begin operating. If you don't have enough funds you should also add in who is going to provide this resource to get your Oil Change and Lube Station business going.
Visit this page for more typical start up costs.
Oil Change and Lube Station Investment
If you do not have enough money you should add in the whole investment you are going to need and moreover include the breakdown of the parties that are going to fund the investment. Add in 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 Oil Change and Lube Station Business.
Oil Change and Lube Station Business Plan Page 2
Useful Oil Change and Lube Station Resources
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