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Free TV Repair Service Business Plan
If you are starting a TV Repair Service business then it is wise for you to write down a TV Repair Service business plan. If you need finance for your company this will assist you with it and even if you are blessed to have an adequate amount of money to set up your own business then a business plan will support you in your business approach. This will increase the probability of your business being a triumph, which cannot be a bad thing.
Your plan ought to incorporate the following...
TV Repair Service Executive Summary
Your TV Repair Service executive summary ought to be written at the end (even though it must be found first in 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 should grab the interest of the reader and make them grasp what your TV Repair Service business is regarding. By and large it should provide the person who reads it 3 years highlights of your business or longer if you carry out a more long term business plan - i.e. when the backer(s) are liable to start seeing some profit on their investment. The TV Repair Service executive summary should declare the main protagonists who are available to assist run the business and generate the proceeds 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.
TV Repair Service Objectives
As the executive summary regularly includes the breakdown of the first three years - your objectives should also be set out for your first 3 years of operation - this might be a handful or may possibly be to a large extent more in depth - it's completely up to you, nevertheless having unrealistic goals to achieve for your TV Repair Service business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your towering objectives.Read more about business objectives.
TV Repair Service Mission
Some 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 TV Repair Service business up to sell it whilst retaining a number of shares then you will have achieved success. To arrive at your definitive mission you will probably need some smaller missions - these may possibly be to attract a certain income, to reach a certain number of customers, to retail 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 ought to tell people how and why your TV Repair Service business is going to be a triumph - if you cannot think of something 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 person - then at least that is something...but you will need to back it up with some confirmation in particular if you are looking for funding in your TV Repair Service business.
Company Summary
Here you ought to put in writing a basic construction 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 TV Repair Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's quite common for somebody to have possession of part of a company but hold no voice in how that company is run. You must display 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 TV Repair Service business going to be trading from and why are you going to be trading from this locality - you may perhaps not be able to give a pinpoint address at this primitive stage but you need to narrow it down as much as you can, as clearly this will have a critical effect on your company. It's more often than not simple to get premises for any TV Repair Service business especially in this climate with so many businesses folding, but getting the proper 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 TV Repair Service Business.
Before you can push any products or services you ought to record accurately all of the things you are going to need and if you are going to require any funds in order to pay for all of these things. You may well require to vary your start-up summary depending on your economic position - so you may desire selected TV Repair Service equipment although not be able to meet the expense of it until you have sold several units of product / service.
TV Repair Service Start-Up Costs
This is a up-front record of stuff you need to buy and stuff you can bring into the business if you already have possession of them before your TV Repair Service business can start working. If you don't have adequate capital you should also add in who is going to make available this investment to get your TV Repair Service business going.
Visit this page for more typical start up costs.
TV Repair Service Investment
If you do not have sufficient funds you ought to bring in the whole investment you are going to need and additionally include the breakdown of the parties that are going to fund the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the deal. 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 TV Repair Service Business.
TV Repair Service Business Plan Page 2
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