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Free Phone Retail Business Plan
If you are starting a Phone Retail business then it is prudent for you to put in writing a Phone Retail business plan. If you require finance for your company this will help you with it and even if you are blessed to have enough money to set up your own business then a business plan will assist you in your business strategy. This will enhance the chances of your business being a triumph, which cannot be a bad thing.
Your plan ought to consist of the following...
Phone Retail Executive Summary
Your Phone Retail executive summary should be written at the end (even though it should occur at the top of your plan) after you have done all the ground work in preparation of your business plan - it is after all intended to be an outline of your business. This is the page that ought to grab the interest of the reader and make them value what your Phone Retail business is concerning. Generally speaking it should give the reader 3 years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are liable to start seeing some return on their investment. The Phone Retail executive summary should state the main leading roles who are ready to help run the business and generate the proceeds for the investors and if any new management will be required in the process. Click here for more free advice on how to write your executive summary.
Phone Retail Objectives
As the executive summary typically includes the breakdown of the first three years - your objectives should also be set out for your first three years of operation - this might be a small number or may well be much more in depth - it is totally up to you, nevertheless having unrealistic goals to realize for your Phone Retail business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your haughty objectives.Read more about business objectives.
Phone Retail Mission
Some people see objectives and mission as the same thing 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 Phone Retail business up to sell it at the same time as retaining a number of shares then you will have done well. To achieve your last mission you will almost certainly need some smaller missions - these may well be to attain a certain income, to reach a certain quantity of customers, 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 advise people how and why your Phone Retail business is going to be a triumph - if you cannot think of anything to record here then you are relying on a lot of luck. Even if your response is just that you are going to work harder than the next guy - then at least that is something...but you will need to back it up with some evidence in particular if you are looking for funding in your Phone Retail business.
Company Summary
Here you should compose a simple configuration of your business over the next three years unless you have a long term plan.
Company Ownership
Just write who is going to own the Phone Retail business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is relatively common for somebody to possess part of a company but have no voice in how that company is run. You need to 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 Phone Retail business going to be trading from and why are you going to be trading from this spot - you may perhaps 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 clearly this will have a fundamental effect on your business. It's frequently easy to get premises for any Phone Retail business markedly 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 Phone Retail Business.
Before you can sell any products or services you need to write down exactly all of the items you are going to require and if you are going to require any resources in order to pay for all of these things. You may well require to adapt your start-up summary depending on your financial position - so you may desire selected Phone Retail equipment but not be able to manage to pay for it until you have sold several units of product / service.
Phone Retail Start-Up Costs
This is a simple record of stuff you need to buy or things you can bring into the company if you already own them before your Phone Retail business can start the ball rolling. If you do not have adequate money you should also include who is going to present this resource to get your Phone Retail business going.
Visit this page for more typical start up costs.
Phone Retail Investment
If you do not have enough money you ought to include the full amount of investment you are going to need and moreover include the breakdown of the parties that are going to bankroll the investment. Incorporate 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 Phone Retail Business.
Phone Retail Business Plan Page 2
Useful Phone Retail Resources
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