Free Billing Service Business Plan
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Free Billing Service Business Plan

If you are starting a Billing Service business then it is sensible for you to write down a Billing Service business plan. If you need money for your business this will help you with it and even if you are fortunate to have sufficient capital to start-up your own business then a business plan will be of assistance to you in your business approach. This will improve the probability of your business being a success, which cannot be a bad thing.

Your plan should contain the following...

Billing Service Executive Summary

Your Billing Service executive summary should be written at the end (even though it should show first in your plan) as soon as you have done all the ground work in preparation of your business plan - it is after all meant to be a summary of your business. This is the page that ought to grab the attention of the reader and make them understand what your Billing Service business is concerning. Commonly it ought to give the reader 3 years highlights of your business or longer if you have a more long term business plan - i.e. when the backer(s) are apt to start seeing some revenue on their investment. The Billing Service executive summary ought to declare the key protagonists who are going to assist run the business and produce the returns for the investors and if any extra management will be required in the procedure. Click here for more free advice on how to write your executive summary.

Billing Service Objectives

As the executive summary commonly includes the breakdown of the first 3 years - your objectives should also be set out for your first three years of operation - this may well be a handful or might be a great deal more exhaustive - it is totally down to you, although having unrealistic goals to complete for your Billing Service business in an unrealistic timeframe will put possible investors off rather than them being impressed at your lofty objectives.Read more about business objectives.

Billing Service Mission

Various people see objectives and mission as identical things but they aren't - 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 Billing Service business up to sell it at the same time as retaining a quantity of shares then you will have done well. To achieve your last mission you will almost certainly require several smaller missions - these may be to reach a certain turnover, to attain a certain quantity of clients, to trade 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 Billing Service business is going to be a hit - if you cannot think of something to write here then you are doomed. Even if your remedy is purely that you are going to work harder than the next person - then at least that is something...but you will need to back it up with some confirmation especially if you are looking for investment in your Billing Service business.

Company Summary

Here you ought to write down a basic construct of your business over the next three years unless you have a long term plan.

Company Ownership

Merely write who is going to own the Billing Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is relatively common for someone to possess part of a company but have no say in how that business is run. You must disclose 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 Billing Service business going to be trading from and why are you going to be trading from this spot - you might not be able to give a pinpoint address at this young stage but you ought to narrow it down as much as you can, as clearly this will have a profound effect on your company. It is by and large straightforward to get premises for any Billing Service business especially in this climate with so many businesses folding, but getting the suitable 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 Billing Service Business.

Before you can promote any services or products you need to write down precisely all of the equipment 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 possibly need to play down your start-up summary depending on your economic situation - so you may well prefer selected Billing Service equipment but not be able to have enough money for it until you have sold a few units of service / product.

Billing Service Start-Up Costs

This is a simple record of things you need to buy or stuff you can bring into the company if you previously have possession of them before your Billing Service business can start the ball rolling. If you don't have sufficient funds you ought to also include who is going to grant this wealth to get your Billing Service business going.

Visit this page for more typical start up costs.

Billing Service Investment

If you don't have adequate money you ought to include the complete investment you are going to require and additionally involve the breakdown of the parties that are going to bankroll the investment. Include the equity being given away to fund this or loan agreements in order to finance the agreement. 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 Billing Service Business.

Billing Service Business Plan Page 2

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