Free Electric Contractor Business Plan
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Free Electric Contractor Business Plan

If you are starting an Electric Contractor business then it is prudent for you to write down an Electric Contractor business plan. If you need money for your company this will assist you with it and even if you are blessed to have an adequate amount of money to start-up your own business then a business plan will benefit you in your business approach. This will increase the odds of your business being a success, which cannot be a bad thing.

Your plan should involve the following...

Electric Contractor Executive Summary

Your Electric Contractor executive summary ought to be written at the end (although must show first in your plan) after you have done all the ground work in preparation of your business plan - it is after all meant to be a summing up of your business. This is the page that ought to grab the interest of the reader and make them grasp what your Electric Contractor business is regarding. Commonly it ought to give 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 investor(s) are to be expected to start seeing some return on their investment. The Electric Contractor executive summary ought to refer to the main protagonists who are going to help run the business and produce the income 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.

Electric Contractor Objectives

As the executive summary usually includes the breakdown of the first 3 years - your objectives should as well be set out for your first 3 years of operation - this could be a small number or possibly will be a great deal more exhaustive - it's entirely down to you, although having unrealistic goals to attain for your Electric Contractor business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your noble objectives.Read more about business objectives.

Electric Contractor Mission

Some people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business should be to sell it! If you can build your Electric Contractor business up to sell it at the same time as retaining a quantity of shares then you will have done well. To reach your definitive mission you will almost certainly need several smaller missions - these may perhaps be to attain a certain income, to reach a certain amount of patrons, to trade 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 Electric Contractor business is going to be a winner - if you cannot think of anything to enter here then you are relying on a lot of luck. Even if your response is in simple terms 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 proof especially if you are looking for funding in your Electric Contractor business.

Company Summary

Here you ought to put in writing a basic construction of your business over the next 3 years unless you have a long term plan.

Company Ownership

Merely note down who is going to own the Electric Contractor business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's reasonably widespread for someone to be the owner of part of a company but hold no voice in how that business is run. You need to express 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 Electric Contractor business going to be trading from and why are you going to be trading from this spot - you may perhaps not be able to give a pinpoint address at this near the beginning stage but you have to narrow it down as much as you can, as clearly this will have a critical effect on your business. It is generally easy to get premises for any Electric Contractor business especially in this climate with so many businesses folding, but getting the correct 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 Electric Contractor Business.

Before you can sell any services or products you need to record precisely all of the items you are going to require and if you are going to need any resources in order to pay for all of these items. You may well require to change your start-up summary depending on your economic position - so you may perhaps have a preference for selected Electric Contractor equipment although not be capable of buying it until you have sold several units of service / product.

Electric Contractor Start-Up Costs

This is a simple inventory of things you need to buy and things you can bring into the business if you already be in possession of them before your Electric Contractor business can start operating. If you do not have adequate capital you should also include who is going to present this capital to get your Electric Contractor business going.

Visit this page for more typical start up costs.

Electric Contractor Investment

If you don't have adequate money you should include the complete investment you are going to require and also 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 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 Electric Contractor Business.

Electric Contractor Business Plan Page 2

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