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Free Virtual Assistant Business Plan
If you are setting up a Virtual Assistant business then it is practical for you to write down a Virtual Assistant business plan. If you need money for your business this will help you with it and even if you are blessed to have an adequate amount of capital to set up your own business then a business plan will assist you in your business approach. This will improve the probability of your business being a hit, which cannot be a bad thing.
Your plan ought to embrace the following...
Virtual Assistant Executive Summary
Your Virtual Assistant executive summary ought to be written at the end (although should occur 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 summary of your business. This is the page that should grab the interest of the reader and make them realize what your Virtual Assistant business is regarding. Commonly it should 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 shareholder(s) are to be expected to start seeing some come back on their investment. The Virtual Assistant executive summary should mention the main leading roles who are available to assist run the business and produce the returns for the investors and if any additional management will be needed in the procedure. Click here for more free advice on how to write your executive summary.
Virtual Assistant Objectives
As the executive summary usually includes the breakdown of the first 3 years - your objectives must also be set out for your first 3 years of operation - this may be a small number or could be to a great extent more detailed - it's totally down to you, but having unrealistic goals to achieve for your Virtual Assistant business in an unrealistic timeframe will put possible investors off rather than them being impressed at your noble objectives.Read more about business objectives.
Virtual Assistant 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 sell it! If you can build your Virtual Assistant business up to sell it whilst retaining some shares then you will have achieved victory. To accomplish your final mission you will probably need some smaller missions - these could be to attain a certain turnover, to attain a certain quantity of clients, 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 need to tell people how and why your Virtual Assistant business is going to be a winner - if you cannot think of anything to enter here then you are doomed. Even if your answer is purely 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 Virtual Assistant business.
Company Summary
Here you ought to write down a basic construct of your business over the next three years unless you have a long term plan.
Company Ownership
Just write who is going to own the Virtual Assistant business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite normal for someone to be the owner of part of a company but have no say in how that company 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 Virtual Assistant business going to be trading from and why are you going to be trading from this spot - you might not be capable of giving pinpoint address at this young stage but you ought to narrow it down as much as you can, as clearly this will have a critical impact on your company. It is usually easy to get premises for any Virtual Assistant business in particular in this climate with so many businesses folding, 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 Virtual Assistant Business.
Before you can plug any products or services you need to write down precisely all of the equipment you are going to need and if you are going to require any funds in order to pay for all of these items. You may perhaps require to revise your start-up summary depending on your economic circumstances - so you may perhaps prefer certain Virtual Assistant equipment although not be able to have the funds for it until you have sold a few units of service / product.
Virtual Assistant Start-Up Costs
This is a basic list of stuff you need to buy and stuff you can bring into the company if you previously be the owner of them before your Virtual Assistant business can start the ball rolling. If you don't have enough cash you ought to also add in who is going to grant this investment to get your Virtual Assistant business going.
Visit this page for more typical start up costs.
Virtual Assistant Investment
If you do not have enough cash you should include the full amount of investment you are going to need and moreover include 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 contract. 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 Virtual Assistant Business.
Virtual Assistant Business Plan Page 2
Useful Virtual Assistant Resources
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