Free Magic Shop Business Plan
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Free Magic Shop Business Plan

If you are setting up a Magic Shop business then it is wise for you to put in writing a Magic Shop business plan. If you require money for your business this will assist you with it and even if you are fortunate to have an adequate amount of money to set up your own business then a business plan will help you in your business stratagem. This will boost the chances of your business being a triumph, which cannot be a bad thing.

Your plan should include the following...

Magic Shop Executive Summary

Your Magic Shop executive summary ought to be written at the end (even though it should be found at the top of your plan) after you have done all the ground work in preparation of your business plan - it is after all intended to be a summing up of your business. This is the page that ought to grab the interest of the reader and make them comprehend what your Magic Shop business is concerning. Commonly it ought to present the person who reads it 3 years highlights of your business or longer if you produce a more long term business plan - i.e. when the investor(s) are liable to start seeing some earnings on their investment. The Magic Shop executive summary should reference the main protagonists who are going to help run the business and generate the takings for the investors and if any extra management will be needed in the process. Click here for more free advice on how to write your executive summary.

Magic Shop Objectives

As the executive summary more often than not includes the breakdown of the first three years - your objectives must in addition be set out for your first 3 years of operation - this could be a small number or possibly will be a great deal more meticulous - it's completely down to you, but having unrealistic goals to complete for your Magic Shop business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your towering objectives.Read more about business objectives.

Magic Shop Mission

A number of people see objectives and mission as identical things but they aren't - 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 Magic Shop business up to sell it whilst retaining a number of shares then you will have achieved victory. To accomplish your last mission you will probably need several smaller missions - these might be to attract a certain income, to attain a certain amount of patrons, 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 need to tell people how and why your Magic Shop business is going to be a winner - if you cannot think of anything to write here then you are without hope. Even if your solution is purely that you are going to put more effort in than your competitor - then at least that is something...but you will need to back it up with some substantiation in particular if you are looking for funding in your Magic Shop business.

Company Summary

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

Company Ownership

Basically note down who is going to own the Magic Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it is quite regular for someone to be the owner of part of a company but hold no say 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 Magic Shop business going to be trading from and why are you going to be trading from this position - you might not be able to give a pinpoint address at this early stage but you need to narrow it down as much as you can, as obviously this will have a crucial effect on your business. It is usually simple to get premises for any Magic Shop business more than ever in this climate with so many businesses going out of business, but getting the suitable 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 Magic Shop Business.

Before you can plug any services or products you ought to record precisely 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 might need to moderate your start-up summary depending on your financial position - so you may perhaps desire selected Magic Shop equipment although not be capable of buying it until you have sold a few units of service / product.

Magic Shop Start-Up Costs

This is a simple inventory of stuff you need to buy or things you can bring into the business if you previously be in possession of them before your Magic Shop business can start the ball rolling. If you don't have adequate capital you should also add in who is going to grant this money to get your Magic Shop business going.

Visit this page for more typical start up costs.

Magic Shop Investment

If you don't have adequate funds you ought to include the total investment you are going to require and moreover include the breakdown of the parties that are going to finance the investment. Include the equity being given away to fund this or loan agreements in order to finance the arrangement. 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 Magic Shop Business.

Magic Shop Business Plan Page 2

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