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Free Piano Store Business Plan
If you are setting up a Piano Store business then it is practical for you to put in writing a Piano Store business plan. If you require money for your company this will help you with it and even if you are lucky to have sufficient capital to set up your own business then a business plan will help you in your business strategy. This will increase the likelihood of your business being a success, which cannot be a bad thing.
Your plan ought to involve the following...
Piano Store Executive Summary
Your Piano Store executive summary should be written last after you have done all the ground work in preparing 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 attention of the reader and make them be familiar with what your Piano Store business is concerning. Generally speaking it ought to provide the person who reads it three years highlights of your business or longer if you produce a more long term business plan - i.e. when the backer(s) are likely to start seeing some proceeds on their investment. The Piano Store executive summary ought to declare the key protagonists who are going to assist manage the business and generate the income 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.
Piano Store Objectives
As the executive summary commonly includes the breakdown of the first three years - your objectives should also be set out for your first three years of operation - this might be a small number or may perhaps be to a great extent more comprehensive - it is completely down to you, on the contrary having unrealistic goals to complete for your Piano Store business in an unrealistic timeframe will put likely investors off rather than them being impressed at your haughty objectives.Read more about business objectives.
Piano Store 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 Piano Store business up to sell it at the same time as retaining a number of shares then you will have done well. To attain your last mission you will almost certainly require some smaller missions - these may possibly be to attain a certain turnover, to attain a certain amount of patrons, to sell 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 need to advise people how and why your Piano Store business is going to be a triumph - if you cannot think of anything to put in writing here then you are doomed. Even if your solution is simply that you are going to put more effort in than the next person - then at least that is something...but you'll need to back it up with some substantiation in particular if you are looking for funding in your Piano Store business.
Company Summary
Here you should write a basic structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
Simply enter who is going to own the Piano Store business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite regular for somebody to be the owner of part of a company but hold no say in how that company is run. You must express 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 Piano Store business going to be trading from and why are you going to be trading from this place - you might not be capable of giving pinpoint address at this early stage but you need to narrow it down as much as you can, as obviously this will have a considerable impact on your company. It's usually simple to get premises for any Piano Store business especially in this climate with so many businesses going out of business, but getting the appropriate 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 Piano Store Business.
Before you can plug any products or services you need to write down precisely 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 things. You may perhaps need to moderate your start-up summary depending on your economic circumstances - so you might prefer certain Piano Store equipment but not be capable of purchasing it until you have sold a few units of product / service.
Piano Store Start-Up Costs
This is a upfront inventory of things you need to buy and things you can bring into the business if you previously be in possession of them before your Piano Store business can start the ball rolling. If you don't have adequate cash you should also add in who is going to present this wealth to get your Piano Store business going.
Visit this page for more typical start up costs.
Piano Store Investment
If you do not have enough cash you should enter the complete investment you are going to require and furthermore include the breakdown of the parties that are going to finance the investment. Add in the equity being given away to fund this or loan agreements in order to finance the transaction. 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 Piano Store Business.
Piano Store Business Plan Page 2
Useful Piano Store Resources
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