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Free Video Rental Business Plan
If you are starting a Video Rental business then it is sensible for you to write down a Video Rental business plan. If you need capital for your business this will help 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 approach. This will enhance the odds of your business being a hit, which cannot be a bad thing.
Your plan should incorporate the following...
Video Rental Executive Summary
Your Video Rental executive summary should be written at the end (even though it must occur first in your plan) after you have done all the ground work in preparation of your business plan - it is after all intended to be a summation of your business. This is the page that will grab the attention of the reader and make them comprehend what your Video Rental business is concerning. Generally speaking 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 backer(s) are likely to start seeing some revenue on their investment. The Video Rental executive summary ought to point out the key leading roles who are ready to help manage the business and generate the income 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.
Video Rental Objectives
As the executive summary regularly includes the breakdown of the first three years - your objectives must in addition be set out for your first three years of operation - this could be a small number or might be to a large extent more in depth - it is entirely down to you, however having unrealistic goals to accomplish for your Video Rental business in an unrealistic timeframe will put possible investors off rather than them being impressed at your high objectives.Read more about business objectives.
Video Rental 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 Video Rental business up to sell it whilst retaining a quantity of shares then you will have done well. To achieve your ultimate mission you will almost certainly need several smaller missions - these may well be to reach a certain turnover, to attain a certain quantity of customers, to wholesale 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 ought to tell people how and why your Video Rental business is going to be a hit - if you cannot think of anything to write here then you are doomed. Even if your remedy is purely 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 evidence in particular if you are looking for funding in your Video Rental business.
Company Summary
Here you ought to write down a basic construct of your business over the next three years unless you have a long term plan.
Company Ownership
Basically record who is going to own the Video Rental business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is relatively common for somebody to own part of a business but have no say in how that company is run. You need to express 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 Video Rental business going to be trading from and why are you going to be trading from this place - you may not be able to give a pinpoint address at this primitive stage but you need to narrow it down as much as you can, as clearly this will have a fundamental impact on your company. It's by and large simple to get premises for any Video Rental business especially in this climate with so many businesses folding, but getting the reasonable 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 Video Rental Business.
Before you can sell any products or services you ought to write down precisely all of the items you are going to need and if you are going to need any money in order to pay for all of these items. You may possibly require to adapt your start-up summary depending on your financial situation - so you may have a preference for selected Video Rental equipment however not be able to have the funds for it until you have sold several units of product / service.
Video Rental Start-Up Costs
This is a up-front list of things you need to buy or things you can bring into the business if you previously be the owner of them before your Video Rental business can begin operating. If you don't have enough capital you ought to also incorporate who is going to grant this money to get your Video Rental business going.
Visit this page for more typical start up costs.
Video Rental Investment
If you do not have adequate capital you should add in the complete investment you are going to require 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 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 Video Rental Business.
Video Rental Business Plan Page 2
Useful Video Rental Resources
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