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Free Rag Shop Business Plan
If you are starting a Rag Shop business then it is wise for you to put pen to paper a Rag Shop business plan. If you require capital for your business this will assist you with it and even if you are blessed to have an adequate amount of funds to set up your own business then a business plan will benefit you in your business approach. This will enhance the chances of your business being a hit, which cannot be a bad thing.
Your plan ought to embrace the following...
Rag Shop Executive Summary
Your Rag Shop executive summary ought to be written last subsequent to you having done all the ground work in preparation of your business plan - it is after all intended to be a digest of your business. This is the page that ought to grab the attention of the reader and make them understand what your Rag Shop business is regarding. Generally speaking it ought to provide the reader 3 years highlights of your business or longer if you comprise a more long term business plan - i.e. when the backer(s) are to be expected to start seeing some revenue on their investment. The Rag Shop executive summary should refer to the major protagonists who are going to help 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.
Rag Shop Objectives
As the executive summary frequently includes the breakdown of the first 3 years - your objectives should as well be set out for your first three years of operation - this may well be a handful or may well be a great deal more thorough - it's completely down to you, on the contrary having unrealistic goals to reach for your Rag Shop business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Rag Shop 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 Rag Shop business up to sell it at the same time as keeping a number of shares then you will have done well. To arrive at your last mission you will almost certainly need several smaller missions - these may be to attract a certain turnover, to reach a certain amount of clients, to wholesale 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 Rag Shop business is going to be a success - if you cannot think of something to enter here then you are doomed. Even if your response is purely 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 proof in particular if you are looking for funding in your Rag Shop business.
Company Summary
Here you should compose a simple construction of your business over the next three years unless you have a long term plan.
Company Ownership
Plainly write who is going to own the Rag Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is fairly normal for somebody to possess part of a company but have no say in how that company is run. You must disclose if the company is a limited company, private, public or if you are a one man band.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Rag Shop 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 need to narrow it down as much as you can, as obviously this will have a critical impact on your company. It's more often than not effortless to get premises for any Rag Shop business particularly in this climate with so many businesses folding, but getting the decent 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 Rag Shop Business.
Before you can sell any products or services you ought to record accurately all of the equipment you are going to need and if you are going to require any capital in order to pay for all of these items. You may possibly need to play down your start-up summary depending on your economic circumstances - so you may perhaps desire specific Rag Shop equipment nevertheless not be able to manage to pay for it until you have sold several units of service / product.
Rag Shop Start-Up Costs
This is a up-front list of things you need to buy and things you can bring into the company if you already have possession of them before your Rag Shop business can start the ball rolling. If you do not have enough funds you should also include who is going to present this money to get your Rag Shop business going.
Visit this page for more typical start up costs.
Rag Shop Investment
If you don't 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 Rag Shop Business.
Useful Rag Shop Resources
Rag Shop Marketing Plan | Rag Shop Equipment | Rag Shop Online
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