Free Clock Repair and Service Shop Business Plan
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Free Clock Repair and Service Shop Business Plan

If you are setting up a Clock Repair and Service Shop business then it is wise for you to put in writing a Clock Repair and Service Shop business plan. If you need capital for your business this will help you with it and even if you are lucky to have enough funds to set up your own business then a business plan will benefit you in your business approach. This will increase the probability of your business being a success, which cannot be a bad thing.

Your plan should incorporate the following...

Clock Repair and Service Shop Executive Summary

Your Clock Repair and Service Shop executive summary ought to be written last once you have done all the ground work in preparing your business plan - it is after all intended to be a summation of your business. This is the page that will grab the attention of the reader and make them understand what your Clock Repair and Service Shop business is about. Generally speaking it should present the person who reads it three years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are expected to start seeing some earnings on their investment. The Clock Repair and Service Shop executive summary ought to talk about the major leading roles who are ready to help run the business and generate the returns for the investors and if any new management will be required in the procedure. Click here for more free advice on how to write your executive summary.

Clock Repair and Service Shop Objectives

As the executive summary commonly includes the breakdown of the first three years - your objectives should as well be set out for your first 3 years of operation - this may perhaps be a small number or may well be to a large extent more complete - it's entirely down to you, on the contrary having unrealistic goals to realize for your Clock Repair and Service Shop business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your grand objectives.Read more about business objectives.

Clock Repair and Service Shop Mission

A number of 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 Clock Repair and Service Shop business up to sell it whilst retaining a quantity of shares then you will have achieved victory. To accomplish your definitive mission you will probably need several smaller missions - these might be to reach a certain amount of earnings, to attain a certain number of clients, to wholesale 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 Clock Repair and Service Shop business is going to be a winner - if you cannot think of something to record here then you are without hope. Even if your response is just 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 evidence especially if you are looking for investment in your Clock Repair and Service Shop business.

Company Summary

Here you ought to write a basic arrangement of your business over the next three years unless you have a long term plan.

Company Ownership

Simply record who is going to own the Clock Repair and Service Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's fairly normal for someone to be the owner of part of a business but hold no voice in how that business is run. You must display 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 Clock Repair and Service Shop business going to be trading from and why are you going to be trading from this locality - you may not be capable of giving pinpoint address at this young stage but you have to narrow it down as much as you can, as obviously this will have a major effect on your company. It's as a rule easy to get premises for any Clock Repair and Service Shop business more than ever in this climate with so many businesses folding, but getting the reasonable 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 Clock Repair and Service Shop Business.

Before you can sell any services or products you ought to write down precisely all of the items you are going to need and if you are going to require any money in order to pay for all of these things. You may well need to amend your start-up summary depending on your financial position - so you may desire specific Clock Repair and Service Shop equipment nevertheless not be able to find the money for it until you have sold several units of service / product.

Clock Repair and Service Shop Start-Up Costs

This is a upfront list of stuff you need to buy or things you can bring into the company if you previously be the owner of them before your Clock Repair and Service Shop business can start the ball rolling. If you don't have sufficient cash you ought to also add in who is going to make available this resource to get your Clock Repair and Service Shop business going.

Visit this page for more typical start up costs.

Clock Repair and Service Shop Investment

If you don't have sufficient money you ought to include the whole investment you are going to require and additionally involve 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 agreement. 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 Clock Repair and Service Shop Business.

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