 |
 |
|
|
 |
Free Satellite Radio Shop Business Plan
If you are setting up a Satellite Radio Shop business then it is wise for you to write a Satellite Radio Shop business plan. If you require money for your business this will assist you with it and even if you are lucky to have sufficient capital to start-up your own business then a business plan will support you in your business strategy. This will enhance the chances of your business being a hit, which cannot be a bad thing.
Your plan should incorporate the following...
Satellite Radio Shop Executive Summary
Your Satellite Radio Shop executive summary ought to be written at the end (even though it should appear first in your plan) as soon as 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 will grab the attention of the reader and make them be familiar with what your Satellite Radio Shop business is concerning. Commonly it ought to present 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 shareholder(s) are to be expected to start seeing some come back on their investment. The Satellite Radio Shop executive summary should point out the key protagonists who are going to assist run the business and generate the income for the investors and if any new management will be needed in the process. Click here for more free advice on how to write your executive summary.
Satellite Radio Shop Objectives
As the executive summary as a rule includes the breakdown of the first 3 years - your objectives should also be set out for your first three years of operation - this may perhaps be a handful or may well be to a large extent more in depth - it is entirely up to you, however having unrealistic goals to realize for your Satellite Radio Shop business in an unrealistic timeframe will put likely investors off rather than them being impressed at your lofty objectives.Read more about business objectives.
Satellite Radio Shop Mission
Some 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 should be to sell it! If you can build your Satellite Radio Shop business up to sell it whilst keeping a quantity of shares then you will have achieved victory. To attain your definitive mission you will in all probability need some smaller missions - these may perhaps be to attract a certain income, to reach a certain amount of patrons, to retail 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 Satellite Radio Shop business is going to be a success - if you cannot think of something to put in writing here then you are relying on a lot of luck. Even if your answer is simply that you are going to work harder than your competitor - then at least that is something...but you'll need to back it up with some confirmation especially if you are looking for funding in your Satellite Radio Shop business.
Company Summary
Here you should write a basic structure of your business over the next three years unless you have a long term plan.
Company Ownership
Merely put in writing who is going to own the Satellite Radio Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it is fairly widespread for someone to be in possession of part of a company but have no voice in how that business is run. You must express 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 Satellite Radio 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 young stage but you have to narrow it down as much as you can, as clearly this will have a momentous impact on your business. It is usually simple to get premises for any Satellite Radio Shop business particularly 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 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 Satellite Radio Shop Business.
Before you can promote any services or products you need to write down exactly all of the equipment 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 well need to alter your start-up summary depending on your monetary situation - so you might have a preference for selected Satellite Radio Shop equipment nevertheless not be able to manage to pay for it until you have sold several units of product / service.
Satellite Radio Shop Start-Up Costs
This is a uncomplicated inventory of things you need to buy or things you can bring into the company if you already own them before your Satellite Radio Shop business can start the ball rolling. If you do not have adequate money you should also include who is going to grant this money to get your Satellite Radio Shop business going.
Visit this page for more typical start up costs.
Satellite Radio Shop Investment
If you do not have adequate capital you should include the whole investment you are going to need and what's more involve 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 Satellite Radio Shop Business.
Satellite Radio Shop Business Plan Page 2
Useful Satellite Radio Shop Resources
Satellite Radio Shop Marketing Plan | Satellite Radio Shop Equipment | Satellite Radio Shop Online
Find a different business plan...