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Free Bike Shop Business Plan
If you are starting a Bike Shop business then it is practical for you to write a Bike Shop business plan. If you require capital for your business this will assist you with it and even if you are blessed to have enough funds to start-up your own business then a business plan will be of assistance to you in your business stratagem. This will improve the likelihood of your business being a success, which cannot be a bad thing.
Your plan ought to include the following...
Bike Shop Executive Summary
Your Bike Shop executive summary should be written at the end (although must appear at the top of your plan) as soon as you have done all the ground work in preparing your business plan - it is after all intended to be an outline of your business. This is the page that should grab the awareness of the reader and make them understand what your Bike Shop business is concerning. Generally speaking it ought to provide the person who reads it 3 years highlights of your business or longer if you possess a more long term business plan - i.e. when the financier(s) are to be expected to start seeing some come back on their investment. The Bike Shop executive summary should mention the chief leading roles who are going to assist manage the business and generate the takings 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.
Bike Shop Objectives
As the executive summary more often than not includes the breakdown of the first three years - your objectives should as well be set out for your first three years of operation - this could be a small number or may well be a great deal more detailed - it's entirely up to you, however having unrealistic goals to reach for your Bike Shop business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your haughty objectives.Read more about business objectives.
Bike Shop Mission
Various 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 ought to be to sell it! If you can build your Bike Shop business up to sell it whilst retaining some shares then you will have achieved victory. To achieve your last mission you will almost certainly need some smaller missions - these may be to attain a certain amount of earnings, to attain a certain number of clients, to wholesale 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 Bike Shop business is going to be a winner - if you cannot think of anything to record here then you are relying on a lot of luck. Even if your response is just that you are going to put more effort in than your competitor - then at least that is something...but you'll need to back it up with some substantiation in particular if you are looking for funding in your Bike Shop business.
Company Summary
Here you should put in writing a simple construction of your business over the next 3 years unless you have a long term plan.
Company Ownership
In basic terms note down who is going to own the Bike Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's reasonably normal for somebody to hold part of a company but hold no voice in how that business is run. You need to disclose 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 Bike 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 primitive stage but you need to narrow it down as much as you can, as obviously this will have a powerful effect on your company. It is by and large effortless to get premises for any Bike Shop business markedly 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 Bike Shop Business.
Before you can promote any products or services you ought to record precisely 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 may require to change your start-up summary depending on your economic circumstances - so you may prefer specific Bike Shop equipment although not be able to afford it until you have sold a few units of product / service.
Bike Shop Start-Up Costs
This is a up-front list of stuff you need to buy and stuff you can bring into the company if you already have possession of them before your Bike Shop business can begin operating. If you don't have enough capital you ought to also include who is going to provide this money to get your Bike Shop business going.
Visit this page for more typical start up costs.
Bike Shop Investment
If you do not have enough funds you should include the total investment you are going to need and in addition involve the breakdown of the parties that are going to fund the investment. Include 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 Bike Shop Business.
Bike Shop Business Plan Page 2
Useful Bike Shop Resources
Bike Shop Marketing Plan | Bike Shop Equipment | Bike Shop Online
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