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Free Word Processing Service Business Plan
If you are starting a Word Processing Service business then it is prudent for you to put in writing a Word Processing Service business plan. If you want finance for your company this will assist you with it and even if you are blessed to have sufficient funds to start-up your own business then a business plan will be of assistance to you in your business approach. This will enhance the chances of your business being a success, which cannot be a bad thing.
Your plan ought to involve the following...
Word Processing Service Executive Summary
Your Word Processing Service executive summary should be written at the end (even though it should appear 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 summary of your business. This is the page that will grab the awareness of the reader and make them value what your Word Processing Service business is regarding. By and large it should give the person who reads it 3 years highlights of your business or longer if you comprise a more long term business plan - i.e. when the financier(s) are to be expected to start seeing some yield on their investment. The Word Processing Service executive summary should state the chief protagonists who are ready to help run the business and produce 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.
Word Processing Service Objectives
As the executive summary ordinarily 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 well be a small number or might be a good deal more detailed - it's entirely up to you, nevertheless having unrealistic goals to achieve for your Word Processing Service business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Word Processing Service Mission
Some people see objectives and mission as identical things 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 Word Processing Service business up to sell it at the same time as retaining a number of shares then you will have done well. To grasp your definitive mission you will almost certainly need several smaller missions - these may be to attain a certain amount of earnings, to reach a certain amount of customers, to push 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 advise people how and why your Word Processing Service business is going to be a hit - if you cannot think of anything to write here then you are without hope. Even if your response 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 proof in particular if you are looking for funding in your Word Processing Service business.
Company Summary
Here you ought to put in writing a simple structure 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 Word Processing Service business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is reasonably normal for someone to have possession of part of a business but have no voice in how that business is run. You must reveal if the company is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Word Processing Service business going to be trading from and why are you going to be trading from this spot - you may not be capable of giving pinpoint address at this young stage but you need to narrow it down as much as you can, as obviously this will have a critical effect on your company. It's by and large simple to get premises for any Word Processing Service business markedly in this climate with so many businesses going out of business, but getting the correct 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 Word Processing Service Business.
Before you can push any products or services you ought to record accurately all of the equipment you are going to require and if you are going to need any funds in order to pay for all of these items. You may perhaps require to adjust your start-up summary depending on your monetary condition - so you may desire specific Word Processing Service equipment however not be capable of buying it until you have sold a few units of product / service.
Word Processing Service Start-Up Costs
This is a simple record of stuff you need to buy and stuff you can bring into the business if you previously have possession of them before your Word Processing Service business can begin working. If you do not have adequate funds you ought to also incorporate who is going to offer this capital to get your Word Processing Service business going.
Visit this page for more typical start up costs.
Word Processing Service Investment
If you don't have sufficient capital you ought to include the total investment you are going to need and in addition include 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 Word Processing Service Business.
Word Processing Service Business Plan Page 2
Useful Word Processing Service Resources
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