Free Bicycle Shop Business Plan
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Free Bicycle Shop Business Plan

If you are starting a Bicycle Shop business then it is prudent for you to put in writing a Bicycle Shop business plan. If you require money for your company this will help you with it and even if you are lucky to have an adequate amount of capital to set up your own business then a business plan will help you in your business strategy. This will increase the likelihood of your business being a triumph, which cannot be a bad thing.

Your plan ought to consist of the following...

Bicycle Shop Executive Summary

Your Bicycle Shop executive summary should be written at the end (although should appear first in your plan) as soon as you have done all the ground work in preparing your business plan - it is after all meant to be a summation of your business. This is the page that will grab the interest of the reader and make them comprehend what your Bicycle Shop business is about. Generally speaking it should present the person who reads it three years highlights of your business or longer if you comprise a more long term business plan - i.e. when the backer(s) are apt to start seeing some benefit on their investment. The Bicycle Shop executive summary should talk about the major leading roles who are going to help manage the business and generate the profits for the investors and if any additional management will be required in the procedure. Click here for more free advice on how to write your executive summary.

Bicycle Shop Objectives

As the executive summary typically includes the breakdown of the first three years - your objectives must also be set out for your first 3 years of operation - this may be a handful or possibly will be much more exhaustive - it is totally down to you, on the contrary having unrealistic goals to reach for your Bicycle Shop business in an unrealistic timeframe will put likely investors off rather than them being impressed at your grand objectives.Read more about business objectives.

Bicycle Shop 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 Bicycle Shop business up to sell it whilst keeping a number of shares then you will have done well. To reach your definitive mission you will most likely need some smaller missions - these may perhaps be to reach a certain income, to attain a certain quantity 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 need to advise people how and why your Bicycle Shop business is going to be a winner - if you cannot think of something to put in writing here then you are relying on a lot of luck. Even if your response is simply that you are going to work harder than your competitor - then at least that is something...but you will need to back it up with some attestation especially if you are looking for investment in your Bicycle Shop business.

Company Summary

Here you should write a simple construction of your business over the next three years unless you have a long term plan.

Company Ownership

Just write who is going to own the Bicycle Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's fairly widespread for somebody to hold part of a company but have no voice in how that business 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 Bicycle Shop business going to be trading from and why are you going to be trading from this site - you may perhaps not be able to give a pinpoint address at this early stage but you ought to narrow it down as much as you can, as obviously this will have a fundamental effect on your company. It is generally effortless to get premises for any Bicycle Shop business specially in this climate with so many businesses going out of business, but getting the appropriate 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 Bicycle Shop Business.

Before you can sell any services or products you need to write down precisely all of the things you are going to need and if you are going to require any money in order to pay for all of these things. You might need to vary your start-up summary depending on your fiscal situation - so you may well prefer certain Bicycle Shop equipment but not be able to have enough money for it until you have sold a few units of service / product.

Bicycle Shop Start-Up Costs

This is a basic list of things you need to buy or stuff you can bring into the business if you already have possession of them before your Bicycle Shop business can come into being. If you do not have enough capital you ought to also include who is going to make available this wealth to get your Bicycle Shop business going.

Visit this page for more typical start up costs.

Bicycle Shop Investment

If you don't have enough cash you ought to bring in the complete investment you are going to need and furthermore involve the breakdown of the parties that are going to finance the investment. Incorporate the equity being given away to fund this or loan agreements in order to finance the transaction. 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 Bicycle Shop Business.

Bicycle Shop Business Plan Page 2

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