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Free Drug Testing and Screening Service Business Plan
If you are setting up a Drug Testing and Screening Service business then it is wise for you to write a Drug Testing and Screening Service business plan. If you want money for your company this will help you with it and even if you are lucky to have sufficient money to start-up your own business then a business plan will be of assistance to you in your business strategy. This will increase the odds of your business being a success, which cannot be a bad thing.
Your plan ought to include the following...
Drug Testing and Screening Service Executive Summary
Your Drug Testing and Screening Service executive summary should be written at the end (even though it must occur first in your plan) as soon as 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 interest of the reader and make them understand what your Drug Testing and Screening Service business is regarding. By and large it should present the reader three years highlights of your business or longer if you come up with 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 Drug Testing and Screening Service executive summary ought to state the chief protagonists who are available to assist run the business and generate the profits 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.
Drug Testing and Screening Service Objectives
As the executive summary typically includes the breakdown of the first 3 years - your objectives must also be set out for your first three years of operation - this may perhaps be a small number or may well be much more complete - it is entirely down to you, but having unrealistic goals to accomplish for your Drug Testing and Screening Service business in an unrealistic timeframe will put possible investors off rather than them being impressed at your admirable objectives.Read more about business objectives.
Drug Testing and Screening Service Mission
Various 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 ought to be to get bought out! If you can build your Drug Testing and Screening Service business up to sell it whilst retaining a number of shares then you will have achieved success. To arrive at your definitive mission you will in all probability need some smaller missions - these may possibly be to reach a certain turnover, to reach a certain amount 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 need to advise people how and why your Drug Testing and Screening Service business is going to be a hit - if you cannot think of anything to write here then you are relying on a lot of luck. Even if your response is simply that you are going to work harder than the next person - then at least that is something...but you'll need to back it up with some proof especially if you are looking for investment in your Drug Testing and Screening Service business.
Company Summary
Here you should put in writing a simple construction of your business over the next 3 years unless you have a long term plan.
Company Ownership
Basically write who is going to own the Drug Testing and Screening Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite normal for somebody to be the owner of part of a company but hold no voice in how that business is run. You need to disclose 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 Drug Testing and Screening Service 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 obviously this will have a powerful impact on your company. It is usually easy to get premises for any Drug Testing and Screening Service business markedly in this climate with so many businesses going out of business, but getting the suitable 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 Drug Testing and Screening Service Business.
Before you can push any services or products you ought to record accurately all of the items 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 require to tone down your start-up summary depending on your monetary condition - so you might have a preference for certain Drug Testing and Screening Service equipment however not be capable of purchasing it until you have sold several units of service / product.
Drug Testing and Screening Service Start-Up Costs
This is a upfront inventory of things you need to buy or stuff you can bring into the business if you previously own them before your Drug Testing and Screening Service business can start the ball rolling. If you do not have enough cash you should also add in who is going to grant this capital to get your Drug Testing and Screening Service business going.
Visit this page for more typical start up costs.
Drug Testing and Screening Service Investment
If you do not have adequate capital you ought to incorporate the complete investment you are going to require and additionally include the breakdown of the parties that are going to fund the investment. Include 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 Drug Testing and Screening Service Business.
Drug Testing and Screening Service Business Plan Page 2
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