Free Outboard Motor Shop Business Plan
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Free Outboard Motor Shop Business Plan

If you are starting an Outboard Motor Shop business then it is practical for you to write down an Outboard Motor Shop business plan. If you need finance for your company 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 assist you in your business approach. This will increase the odds of your business being a success, which cannot be a bad thing.

Your plan should include the following...

Outboard Motor Shop Executive Summary

Your Outboard Motor Shop executive summary ought to be written at the end (although should occur at the top of your plan) subsequent to you having 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 will grab the awareness of the reader and make them grasp what your Outboard Motor Shop business is concerning. Generally speaking it ought to provide the reader 3 years highlights of your business or longer if you come up with a more long term business plan - i.e. when the financier(s) are expected to start seeing some return on their investment. The Outboard Motor Shop executive summary ought to state the major protagonists who are available to help run the business and generate the income 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.

Outboard Motor Shop Objectives

As the executive summary by and large includes the breakdown of the first 3 years - your objectives should in addition be set out for your first 3 years of operation - this may be a small number or may well be a good deal more in depth - it's wholly down to you, however having unrealistic goals to complete for your Outboard Motor Shop business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your elevated objectives.Read more about business objectives.

Outboard Motor Shop Mission

Some 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 ought to be to sell it! If you can build your Outboard Motor Shop business up to sell it at the same time as retaining some shares then you will have achieved victory. To achieve your last mission you will most likely require some smaller missions - these may be to attain a certain income, to reach a certain quantity of patrons, to retail 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 need to tell people how and why your Outboard Motor Shop business is going to be a success - if you cannot think of something to enter here then you are doomed. Even if your solution is purely that you are going to work harder than your competitor - then at least that is something...but you'll need to back it up with some confirmation especially if you are looking for funding in your Outboard Motor Shop business.

Company Summary

Here you should put in writing a simple structure of your business over the next 3 years unless you have a long term plan.

Company Ownership

Just enter who is going to own the Outboard Motor Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively common for somebody to be in possession of part of a company but have no voice in how that company is run. You must express 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 Outboard Motor Shop business going to be trading from and why are you going to be trading from this position - 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 obviously this will have a profound impact on your business. It's as a rule easy to get premises for any Outboard Motor Shop business particularly in this climate with so many businesses going out of business, but getting the correct 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 Outboard Motor Shop Business.

Before you can push any products or services you need to record accurately all of the items you are going to require and if you are going to need any investment in order to pay for all of these items. You may need to vary your start-up summary depending on your monetary condition - so you might desire certain Outboard Motor Shop equipment but not be capable of purchasing it until you have sold several units of product / service.

Outboard Motor Shop Start-Up Costs

This is a basic list of stuff you need to buy or stuff you can bring into the company if you already own them before your Outboard Motor Shop business can begin operating. If you do not have adequate capital you should also incorporate who is going to make available this capital to get your Outboard Motor Shop business going.

Visit this page for more typical start up costs.

Outboard Motor Shop Investment

If you do not have enough funds you should add in the complete investment you are going to need and also 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 deal. 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 Outboard Motor Shop Business.

Outboard Motor Shop Business Plan Page 2

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