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Free Electrician Business Plan
If you are setting up an Electrician business then it is wise for you to write down an Electrician business plan. If you require capital for your business this will help you with it and even if you are blessed to have sufficient funds to set up your own business then a business plan will help you in your business approach. This will boost the likelihood of your business being a success, which cannot be a bad thing.
Your plan should contain the following...
Electrician Executive Summary
Your Electrician executive summary ought to be written last following the ground work in preparing your business plan - it is after all meant to be a digest of your business. This is the page that will grab the attention of the reader and make them be familiar with what your Electrician business is regarding. Generally speaking it should present the person who reads it 3 years highlights of your business or longer if you have a more long term business plan - i.e. when the investor(s) are apt to start seeing some yield on their investment. The Electrician executive summary ought to mention the key leading roles who are available to help manage the business and generate the income for the investors and if any extra management will be required in the procedure. Click here for more free advice on how to write your executive summary.
Electrician Objectives
As the executive summary more often than not includes the breakdown of the first three years - your objectives should as well be set out for your first 3 years of operation - this may perhaps be a handful or possibly will be to a large extent more in depth - it is totally down to you, however having unrealistic goals to reach for your Electrician business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your grand objectives.Read more about business objectives.
Electrician 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 should be to get bought out! If you can build your Electrician business up to sell it at the same time as keeping some shares then you will have done well. To attain your definitive mission you will probably require some smaller missions - these may be to attain 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 advise people how and why your Electrician business is going to be a winner - if you cannot think of anything to write here then you are relying on a lot of luck. Even if your answer is in simple terms 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 substantiation especially if you are looking for investment in your Electrician business.
Company Summary
Here you should compose a basic construction of your business over the next 3 years unless you have a long term plan.
Company Ownership
Merely write who is going to own the Electrician business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's reasonably regular for someone to be the owner of part of a business but hold no say in how that business is run. You must reveal 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 Electrician 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 early stage but you have 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 Electrician business in particular in this climate with so many businesses folding, but getting the correct 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 Electrician Business.
Before you can sell any services or products you ought to record accurately all of the items you are going to require and if you are going to need any funds in order to pay for all of these items. You may perhaps require to tone down your start-up summary depending on your fiscal condition - so you may perhaps desire selected Electrician equipment however not be capable of buying it until you have sold several units of service / product.
Electrician Start-Up Costs
This is a uncomplicated inventory of stuff you need to buy and stuff you can bring into the business if you already be in possession of them before your Electrician business can come into being. If you do not have enough cash you should also add in who is going to grant this investment to get your Electrician business going.
Visit this page for more typical start up costs.
Electrician Investment
If you don't have enough capital you should incorporate the full amount of investment you are going to require and furthermore include 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 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 Electrician Business.
Electrician Business Plan Page 2
Useful Electrician Resources
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