Free Video Tape Rental Store Business Plan
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Free Video Tape Rental Store Business Plan

If you are setting up a Video Tape Rental Store business then it is practical for you to put in writing a Video Tape Rental Store business plan. If you need money for your business 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 help you in your business strategy. This will improve the odds of your business being a hit, which cannot be a bad thing.

Your plan should incorporate the following...

Video Tape Rental Store Executive Summary

Your Video Tape Rental Store executive summary should be written last as soon as you have done all the ground work in preparing your business plan - it is after all meant to be a summary of your business. This is the page that should grab the interest of the reader and make them know what your Video Tape Rental Store business is about. By and large it should provide the reader three years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are to be expected to start seeing some profit on their investment. The Video Tape Rental Store executive summary ought to talk about the key protagonists who are going to help run the business and generate the profits for the investors and if any additional management will be needed in the process. Click here for more free advice on how to write your executive summary.

Video Tape Rental Store Objectives

As the executive summary typically includes the breakdown of the first three years - your objectives must as well be set out for your first 3 years of operation - this may perhaps be a small number or possibly will be much more comprehensive - it is totally up to you, however having unrealistic goals to achieve for your Video Tape Rental Store business in an unrealistic timeframe will put likely investors off rather than them being impressed at your noble objectives.Read more about business objectives.

Video Tape Rental Store Mission

Some people see objectives and mission as identical things but they aren't - 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 Tape Rental Store business up to sell it at the same time as retaining a quantity of shares then you will have achieved success. To achieve your final mission you will in all probability require a quantity of smaller missions - these may well 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 ought to tell people how and why your Video Tape Rental Store business is going to be a winner - if you cannot think of something to put in writing here then you are doomed. Even if your solution is in simple terms that you are going to work harder than your competitor - then at least that is something...but you will need to back it up with some attestation especially if you are looking for funding in your Video Tape Rental Store business.

Company Summary

Here you ought to put in writing a simple construction 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 Video Tape Rental 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 hold part of a business but hold no say in how that business is run. You must display 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 Video Tape Rental Store business going to be trading from and why are you going to be trading from this locality - you may well not be able to give a pinpoint address at this primitive stage but you ought to narrow it down as much as you can, as clearly this will have a critical effect on your company. It is frequently simple to get premises for any Video Tape Rental Store business especially in this climate with so many businesses going out of business, 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 Tape Rental Store Business.

Before you can promote any services or products you need to record precisely all of the equipment you are going to need and if you are going to require any money in order to pay for all of these items. You may perhaps need to play down your start-up summary depending on your economic condition - so you might have a preference for certain Video Tape Rental Store equipment but not be capable of buying it until you have sold a few units of service / product.

Video Tape Rental Store Start-Up Costs

This is a straightforward record of things you need to buy and things you can bring into the company if you already be in possession of them before your Video Tape Rental Store business can begin working. If you do not have sufficient funds you should also include who is going to offer this money to get your Video Tape Rental Store business going.

Visit this page for more typical start up costs.

Video Tape Rental Store Investment

If you do not have sufficient cash you should include the full amount of investment you are going to require and in addition involve the breakdown of the parties that are going to fund the investment. Take account of 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 Video Tape Rental Store Business.

Video Tape Rental Store Business Plan Page 2

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