 |
 |
|
|
 |
Free Patent Agent Business Plan
If you are starting a Patent Agent business then it is practical for you to put pen to paper a Patent Agent business plan. If you want finance for your business this will help you with it and even if you are fortunate to have enough capital to start-up your own business then a business plan will assist you in your business approach. This will increase the probability of your business being a success, which cannot be a bad thing.
Your plan ought to embrace the following...
Patent Agent Executive Summary
Your Patent Agent executive summary should be written at the end (even though it must occur at the top of your plan) after you have done all the ground work in preparing your business plan - it is after all intended to be a summing up of your business. This is the page that will grab the attention of the reader and make them be familiar with what your Patent Agent business is regarding. By and large 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 shareholder(s) are liable to start seeing some come back on their investment. The Patent Agent executive summary should mention the major leading roles who are available to help manage the business and generate the returns for the investors and if any additional management will be required in the process. Click here for more free advice on how to write your executive summary.
Patent Agent Objectives
As the executive summary usually includes the breakdown of the first three years - your objectives should in addition be set out for your first three years of operation - this might be a small number or may well be to a great extent more detailed - it's totally up to you, although having unrealistic goals to realize for your Patent Agent business in an unrealistic timeframe will put possible investors off rather than them being impressed at your grand objectives.Read more about business objectives.
Patent Agent Mission
Some 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 ought to be to get bought out! If you can build your Patent Agent business up to sell it whilst retaining a number of shares then you will have done well. To achieve your definitive mission you will in all probability require several smaller missions - these may well be to attain a certain income, to reach a certain number of customers, to retail 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 Patent Agent business is going to be a hit - if you cannot think of something to write here then you are without hope. Even if your response is purely that you are going to work harder than the next guy - then at least that is something...but you will need to back it up with some attestation in particular if you are looking for investment in your Patent Agent business.
Company Summary
Here you ought to compose a basic structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
Just write who is going to own the Patent Agent business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is relatively regular for somebody to hold part of a business but have no voice in how that company is run. You need to display 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 Patent Agent 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 primitive stage but you ought to narrow it down as much as you can, as clearly this will have a serious effect on your business. It's as a rule easy to get premises for any Patent Agent business particularly in this climate with so many businesses going out of business, but getting the reasonable 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 Patent Agent Business.
Before you can push any services or products you ought to record exactly all of the items you are going to need and if you are going to need any money in order to pay for all of these items. You might need to vary your start-up summary depending on your economic circumstances - so you may have a preference for specific Patent Agent equipment nevertheless not be capable of buying it until you have sold a few units of product / service.
Patent Agent Start-Up Costs
This is a basic inventory of stuff you need to buy and stuff you can bring into the business if you already have possession of them before your Patent Agent business can begin working. If you do not have sufficient capital you ought to also incorporate who is going to provide this wealth to get your Patent Agent business going.
Visit this page for more typical start up costs.
Patent Agent Investment
If you do not have adequate capital you ought to enter the full amount of investment you are going to need and what's more involve the breakdown of the parties that are going to finance the investment. Add in 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 Patent Agent Business.
Patent Agent Business Plan Page 2
Useful Patent Agent Resources
Patent Agent Marketing Plan | Patent Agent Equipment | Patent Agent Online
Find a different business plan...