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Free Art Museum Business Plan
If you are setting up an Art Museum business then it is wise for you to write down an Art Museum business plan. If you want capital for your business this will help you with it and even if you are lucky to have sufficient funds to set up your own business then a business plan will be of assistance to you in your business strategy. This will improve the odds of your business being a success, which cannot be a bad thing.
Your plan should consist of the following...
Art Museum Executive Summary
Your Art Museum executive summary should be written at the end (even though it must occur first in your plan) after you have done all the ground work in preparation of your business plan - it is after all meant to be a summation of your business. This is the page that will grab the attention of the reader and make them understand what your Art Museum business is regarding. Generally speaking it should provide the person who reads it three years highlights of your business or longer if you produce a more long term business plan - i.e. when the backer(s) are likely to start seeing some come back on their investment. The Art Museum executive summary should talk about the key leading roles who are available to assist manage the business and generate the returns for the investors and if any new management will be needed in the process. Click here for more free advice on how to write your executive summary.
Art Museum Objectives
As the executive summary more often than not includes the breakdown of the first 3 years - your objectives must also be set out for your first three years of operation - this may be a small number or may well be to a great extent more detailed - it is completely up to you, however having unrealistic goals to realize for your Art Museum business in an unrealistic timeframe will put likely investors off rather than them being impressed at your noble objectives.Read more about business objectives.
Art Museum Mission
Some 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 Art Museum business up to sell it at the same time as retaining some shares then you will have achieved success. To arrive at your ultimate mission you will most likely need a quantity of smaller missions - these may well be to reach a certain turnover, to reach a certain quantity of customers, to push 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 Art Museum business is going to be a winner - if you cannot think of anything to record here then you are relying on a lot of luck. Even if your solution 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 attestation especially if you are looking for funding in your Art Museum business.
Company Summary
Here you ought to write down a simple construct of your business over the next 3 years unless you have a long term plan.
Company Ownership
Basically note down who is going to own the Art Museum business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite regular for someone to hold part of a business but hold no voice in how that business is run. You need to declare 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 Art Museum business going to be trading from and why are you going to be trading from this position - you may well not be capable of giving 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 effortless to get premises for any Art Museum business specially 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 Art Museum Business.
Before you can plug any services or products you ought to record precisely all of the things you are going to need and if you are going to require any resources in order to pay for all of these things. You may possibly need to adapt your start-up summary depending on your monetary position - so you might prefer selected Art Museum equipment but not be capable of buying it until you have sold several units of product / service.
Art Museum Start-Up Costs
This is a basic list of stuff you need to buy and things you can bring into the business if you already own them before your Art Museum business can begin working. If you do not have sufficient cash you should also add in who is going to offer this wealth to get your Art Museum business going.
Visit this page for more typical start up costs.
Art Museum Investment
If you do not have adequate funds you ought to bring in the complete investment you are going to need and what's more involve 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 Art Museum Business.
Art Museum Business Plan Page 2
Useful Art Museum Resources
Art Museum Marketing Plan | Art Museum Equipment | Art Museum Online
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