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Free Watch Repair Shop Business Plan
If you are starting a Watch Repair Shop business then it is sensible for you to put in writing a Watch Repair Shop business plan. If you need capital for your company this will assist you with it and even if you are fortunate to have an adequate amount of money to start-up your own business then a business plan will benefit you in your business stratagem. This will improve the likelihood of your business being a hit, which cannot be a bad thing.
Your plan ought to incorporate the following...
Watch Repair Shop Executive Summary
Your Watch Repair Shop executive summary should be written at the end (although must be found at the top of your plan) following the ground work in preparation of your business plan - it is after all meant to be a summing up of your business. This is the page that will grab the interest of the reader and make them understand what your Watch Repair Shop business is about. Generally speaking it should give 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 financier(s) are apt to start seeing some come back on their investment. The Watch Repair Shop executive summary ought to mention the main protagonists who are going to assist run the business and generate the returns for the investors and if any new management will be needed in the procedure. Click here for more free advice on how to write your executive summary.
Watch Repair Shop Objectives
As the executive summary customarily includes the breakdown of the first 3 years - your objectives must in addition be set out for your first three years of operation - this might be a handful or may well be a great deal more detailed - it is entirely down to you, nevertheless having unrealistic goals to complete for your Watch Repair Shop business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your noble objectives.Read more about business objectives.
Watch Repair Shop Mission
A number of people see objectives and mission as the same thing 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 Watch Repair Shop business up to sell it at the same time as retaining a number of shares then you will have achieved success. To grasp your definitive mission you will most likely require some smaller missions - these may be to attract a certain amount of earnings, to reach a certain number of customers, to trade 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 tell people how and why your Watch Repair Shop business is going to be a hit - if you cannot think of anything to enter here then you are without hope. Even if your answer is simply 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 evidence in particular if you are looking for investment in your Watch Repair Shop business.
Company Summary
Here you should compose a basic configuration of your business over the next 3 years unless you have a long term plan.
Company Ownership
In simple terms put in writing who is going to own the Watch Repair Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is reasonably widespread for someone to possess part of a company but hold no voice in how that company is run. You must declare 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 Watch Repair Shop business going to be trading from and why are you going to be trading from this position - 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 significant impact on your business. It is usually straightforward to get premises for any Watch Repair Shop business especially in this climate with so many businesses folding, but getting the proper 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 Watch Repair Shop Business.
Before you can sell any services or products you ought to write down exactly all of the things you are going to need and if you are going to require any funds in order to pay for all of these things. You may possibly need to adjust your start-up summary depending on your financial position - so you may well desire specific Watch Repair Shop equipment although not be able to find the money for it until you have sold a few units of service / product.
Watch Repair Shop Start-Up Costs
This is a simple inventory of things you need to buy and stuff you can bring into the business if you previously be the owner of them before your Watch Repair Shop business can start the ball rolling. If you don't have adequate cash you ought to also incorporate who is going to present this money to get your Watch Repair Shop business going.
Visit this page for more typical start up costs.
Watch Repair Shop Investment
If you do not have adequate cash you ought to incorporate the full amount of investment you are going to require and in addition involve 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 Watch Repair Shop Business.
Watch Repair Shop Business Plan Page 2
Useful Watch Repair Shop Resources
Watch Repair Shop Marketing Plan | Watch Repair Shop Equipment | Watch Repair Shop Online
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