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Free Electric Tool Repair Shop Business Plan
If you are starting an Electric Tool Repair Shop business then it is prudent for you to put pen to paper an Electric Tool Repair Shop business plan. If you want money for your business this will assist you with it and even if you are lucky to have enough funds to set up your own business then a business plan will support you in your business approach. This will enhance the likelihood of your business being a triumph, which cannot be a bad thing.
Your plan should incorporate the following...
Electric Tool Repair Shop Executive Summary
Your Electric Tool Repair Shop executive summary ought to be written at the end (even though it must occur first in your plan) once you have done all the ground work in preparation of your business plan - it is after all meant to be a digest of your business. This is the page that will grab the interest of the reader and make them understand what your Electric Tool Repair Shop business is regarding. By and large it ought to present the reader 3 years highlights of your business or longer if you comprise a more long term business plan - i.e. when the shareholder(s) are to be expected to start seeing some profit on their investment. The Electric Tool Repair Shop executive summary should declare the key leading roles who are available to help manage the business and generate the returns for the investors and if any additional management will be needed in the process. Click here for more free advice on how to write your executive summary.
Electric Tool Repair Shop Objectives
As the executive summary by and large includes the breakdown of the first three years - your objectives must in addition be set out for your first three years of operation - this may well be a handful or could be to a large extent more complete - it's wholly up to you, however having unrealistic goals to attain for your Electric Tool Repair Shop business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Electric Tool Repair Shop Mission
Various people see objectives and mission as the same thing but they aren't - 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 Electric Tool Repair Shop business up to sell it at the same time as retaining a number of shares then you will have achieved success. To attain your final mission you will almost certainly require a quantity of smaller missions - these might be to attain a certain income, to reach a certain quantity of patrons, to trade 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 Electric Tool Repair Shop business is going to be a hit - if you cannot think of something to write here then you are relying on a lot of luck. Even if your remedy is purely that you are going to put more effort in than your competitor - then at least that is something...but you will need to back it up with some substantiation especially if you are looking for funding in your Electric Tool Repair Shop business.
Company Summary
Here you should put in writing a simple arrangement of your business over the next 3 years unless you have a long term plan.
Company Ownership
Simply record who is going to own the Electric Tool Repair Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite normal for somebody to be in possession of part of a company but hold no voice in how that business is run. You need to reveal 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 Electric Tool Repair Shop business going to be trading from and why are you going to be trading from this site - you may perhaps not be capable of giving pinpoint address at this early stage but you need to narrow it down as much as you can, as obviously this will have a crucial impact on your business. It's as a rule easy to get premises for any Electric Tool Repair Shop business especially in this climate with so many businesses going out of business, 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 Electric Tool Repair Shop Business.
Before you can sell any services or products you ought to write down accurately all of the things you are going to need and if you are going to require any investment in order to pay for all of these items. You may well need to tone down your start-up summary depending on your fiscal circumstances - so you may prefer selected Electric Tool Repair Shop equipment but not be capable of buying it until you have sold a few units of service / product.
Electric Tool Repair Shop Start-Up Costs
This is a basic record of stuff you need to buy and stuff you can bring into the company if you already be in possession of them before your Electric Tool Repair Shop business can start working. If you don't have enough funds you should also add in who is going to offer this money to get your Electric Tool Repair Shop business going.
Visit this page for more typical start up costs.
Electric Tool Repair Shop Investment
If you don't have enough capital you should include the whole investment you are going to require and also involve the breakdown of the parties that are going to finance the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the arrangement. 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 Electric Tool Repair Shop Business.
Electric Tool Repair Shop Business Plan Page 2
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