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Free Electronic Repair Business Plan
If you are setting up an Electronic Repair business then it is sensible for you to put pen to paper an Electronic Repair business plan. If you want money for your company this will assist you with it and even if you are blessed to have enough capital to set up your own business then a business plan will assist you in your business approach. This will improve the likelihood of your business being a success, which cannot be a bad thing.
Your plan should embrace the following...
Electronic Repair Executive Summary
Your Electronic Repair executive summary should be written at the end (although must appear first in your plan) after you have done all the ground work in preparing your business plan - it is after all intended to be a summing up of your business. This is the page that will grab the attention of the reader and make them realize what your Electronic Repair business is about. Commonly it should present the reader three years highlights of your business or longer if you possess a more long term business plan - i.e. when the shareholder(s) are likely to start seeing some proceeds on their investment. The Electronic Repair executive summary should refer to the main leading roles who are ready to help 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.
Electronic Repair Objectives
As the executive summary commonly includes the breakdown of the first 3 years - your objectives must in addition be set out for your first three years of operation - this might be a handful or may perhaps be to a great extent more complete - it is wholly down to you, however having unrealistic goals to realize for your Electronic Repair business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your towering objectives.Read more about business objectives.
Electronic Repair Mission
Various 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 should be to get bought out! If you can build your Electronic Repair business up to sell it whilst retaining a quantity of shares then you will have achieved success. To accomplish your ultimate mission you will in all probability need several smaller missions - these may perhaps be to attract a certain income, to attain a certain quantity of patrons, to trade 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 Electronic Repair business is going to be a winner - if you cannot think of something to write here then you are doomed. Even if your remedy is in simple terms that you are going to work harder than the next guy - 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 Electronic Repair business.
Company Summary
Here you should write down a simple structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
Plainly put in writing who is going to own the Electronic Repair business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is relatively regular for somebody to own part of a company but have no say in how that business is run. You need to declare if the business 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 Electronic Repair business going to be trading from and why are you going to be trading from this spot - you may perhaps 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 impact on your business. It is as a rule simple to get premises for any Electronic Repair business particularly in this climate with so many businesses folding, but getting the suitable 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 Electronic Repair Business.
Before you can sell any products or services you ought to write down exactly all of the things you are going to require and if you are going to need any investment in order to pay for all of these things. You may need to alter your start-up summary depending on your fiscal circumstances - so you may perhaps desire specific Electronic Repair equipment but not be capable of purchasing it until you have sold a few units of service / product.
Electronic Repair Start-Up Costs
This is a uncomplicated list of things you need to buy or things you can bring into the company if you previously have possession of them before your Electronic Repair business can start the ball rolling. If you do not have enough funds you ought to also add in who is going to make available this resource to get your Electronic Repair business going.
Visit this page for more typical start up costs.
Electronic Repair Investment
If you do not have adequate cash you should add in the complete investment you are going to require and moreover include the breakdown of the parties that are going to bankroll the investment. Take account of 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 Electronic Repair Business.
Electronic Repair Business Plan Page 2
Useful Electronic Repair Resources
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