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Free Automotive Upholstery Shop Business Plan
If you are setting up an Automotive Upholstery Shop business then it is practical for you to put pen to paper an Automotive Upholstery Shop business plan. If you want capital for your business this will help you with it and even if you are fortunate to have an adequate amount of funds to start-up your own business then a business plan will be of assistance to you in your business strategy. This will enhance the likelihood of your business being a hit, which cannot be a bad thing.
Your plan should include the following...
Automotive Upholstery Shop Executive Summary
Your Automotive Upholstery Shop executive summary should 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 meant to be a digest of your business. This is the page that should grab the interest of the reader and make them appreciate what your Automotive Upholstery Shop business is about. Generally speaking it ought to provide the person who reads it 3 years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are expected to start seeing some benefit on their investment. The Automotive Upholstery Shop executive summary should mention the main protagonists who are available to assist run the business and produce the takings 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.
Automotive Upholstery 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 three years of operation - this may be a handful or may well be much more exhaustive - it's completely up to you, however having unrealistic goals to complete for your Automotive Upholstery Shop business in an unrealistic timeframe will put possible investors off rather than them being impressed at your grand objectives.Read more about business objectives.
Automotive Upholstery Shop Mission
A number of 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 should be to get bought out! If you can build your Automotive Upholstery Shop business up to sell it at the same time as keeping a quantity of shares then you will have achieved victory. To accomplish your ultimate mission you will almost certainly require a quantity of smaller missions - these may be to attract a certain turnover, to attain a certain amount of clients, to sell 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 need to tell people how and why your Automotive Upholstery Shop business is going to be a winner - if you cannot think of anything to record here then you are doomed. 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 proof in particular if you are looking for investment in your Automotive Upholstery Shop business.
Company Summary
Here you should write down a basic configuration of your business over the next three years unless you have a long term plan.
Company Ownership
In basic terms enter who is going to own the Automotive Upholstery Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is quite widespread for someone to be in possession of part of a business but have no say in how that company is run. You need to declare if the business 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 Automotive Upholstery Shop business going to be trading from and why are you going to be trading from this position - you might not be capable of giving pinpoint address at this near the beginning stage but you ought to narrow it down as much as you can, as obviously this will have a critical impact on your business. It is more often than not straightforward to get premises for any Automotive Upholstery Shop business especially in this climate with so many businesses folding, but getting the appropriate 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 Automotive Upholstery Shop Business.
Before you can push 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 funds in order to pay for all of these items. You may possibly need to alter your start-up summary depending on your fiscal situation - so you may well desire specific Automotive Upholstery Shop equipment but not be capable of purchasing it until you have sold a few units of service / product.
Automotive Upholstery Shop Start-Up Costs
This is a basic record of things you need to buy and things you can bring into the business if you previously have possession of them before your Automotive Upholstery Shop business can come into being. If you do not have adequate capital you ought to also incorporate who is going to grant this money to get your Automotive Upholstery Shop business going.
Visit this page for more typical start up costs.
Automotive Upholstery Shop Investment
If you don't have sufficient money you ought to incorporate the full amount of investment you are going to require and moreover 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 contract. 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 Automotive Upholstery Shop Business.
Automotive Upholstery Shop Business Plan Page 2
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