It will sell a wide menu of meats to customers including medium- and high-income residents of Parkdale, as well as high-income residents of neighboring towns, and high-end caterers.
Garbles Cellular Phones is taking advantage of an opportunity to become a highly distinguished and recognized leader in the mobile phone communications industry.
It is the goal of our company to become established as the leading distributor of wireless communications services in the metro area. Moms, Maids, and More is a wedding attire shop like no other. While most retail bridal shops focus on selling wedding gowns, our focus is everything else.
We will cater to the mothers of the bride and groom, bridesmaids, and flower girls. In addition, we will provide an array of accessories for all the female members of the bridal party. Mad Keen Motors is a family-owned business located in a suburb of London. It has been under the ownership of the Keen family for 35 years and has grown from a single mechanical repair shop to five locations that deal with body and mechanical repairs, vehicle storage and towing, washing and valeting and used car sales.
Our recycled waste will be targeted toward fertilizer manufacturers, nurseries, landscapers, farmers, government agencies, golf courses, and other. Portland Mobile Auto Inspectors is a mobile car inspection service for prospective used car buyers practicing due diligence. Portland Mobile Auto Inspectors travels around with all of the necessary test equipment to inspect used cars. Within one to one-and-a-half hours, the inspection is complete and the customer is given a detailed custom printout that indicates the tests performed and the results, thereby indicating the condition of the vehicle.
Quick and Dirty Auto Repair aims to offer high-quality auto repair services and a full range of auto parts. QDAR focuses on personalized service to its customers by offering convenience and rapid service.
Additionally, QDAR is technologically savvy with computerized monitoring of all parts inventory, to ensure that parts are always in stock, while keeping a balanced level of inventory to maximize inventory turnover. Soapy Rides will be providing customers with three services: exterior car washing, , interior cleaning, and detailing. Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate.
Most are trying to compete on price alone. Fressen Catering is a kosher catering company. Fressen offers creative, colorful, and unusual food options for kosher as well as the traditional standbys. The service offerings are quite a change relative to the existing kosher catering market which is quite stagnant.
PC Repair will provide computer and technical consulting repairs, training, networking and upgrade service to local small businesses as well as home PC users. The company will focus on marketing, responsiveness, quality, and creating and retaining customer relations. Clean Office Pros is a new cleaning service specializing in office cleaning and serving the Kansas City, Missouri area.
Product is only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. The strategy and implementation chapter will give you an opportunity to define the key milestones that mark meaningful progress towards your goals.
It also includes sections that further elaborate on your competitors. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to a business yet are one of those things that can be easily overlooked. Why are milestones so important? Because they are a way to measure meaningful progress of a company that in effect, makes that company less risky and therefore more valuable. It becomes more apparent that the venture will succeed.
Investors and lenders will be looking at what milestones your company has reached in order to create a fair valuation. Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and operational effectiveness.
This is a straightforward competitive edge that is very difficult to deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Do you provide superior time to market or customer service?
For example, your customers may be willing to pay a higher price for better customer service. Forging strategic alliances is a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in the future and that should be included in this section.
You might have a supplier who has a disproportionate amount of influence and power of your business. Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors. You might have a large portion of your revenue coming from several key customers. Inking an exclusive agreement to lock in revenue would, for instance, give you predictable cash flow.
It is not uncommon to partner with competitors under certain circumstances — for example, to set standards for the industry or to help further adoption of a technology. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to all Olympic athletes. It requires making a large number of intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services.
Be conservative when making your estimates on the number of units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the following sections as they lay the foundation for defining the sales forecast. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in sales thereafter.
Otherwise known as cost of goods sold COGS. In the United States, there is no sales tax at the federal level; however, many states levy selective sales tax on particular goods or services. Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the sales tax from your customers and then remit the tax to the state each year.
If the individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast. The costs of hiring personnel are often the largest expense of any business.
In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to hire and at what time is more of an art then a science.
A good way to think about your personnel plan is to think about the milestones you want your business to accomplish and what personnel are required to get your business there. You can always revise your estimates, so start off with your best estimate and come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan.
For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to generate large revenues. Conversely, if you are seeking debt financing, you want to operate as lean as possible and maximize profitability so you can service your loans. This is referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone.
Burden rate only affects employees and not contractors. Explain the assumptions and methodology used to define the personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to hire several sales people to coincide with the release of a new product.
Enter expenses you plan on incurring for your business. Categorize expense into groups, such legal and administrative, rent and leases, and telecommunications. Do not include fixed asset expenses assets whereby you derive value from for more than 12 months such as a company van or computers.
You will enter these in the next step. Enter long-term asset expenses here. Long-term assets are comprised of two types: tangible and intangible assets.
Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. But the benefits of doing so can be worth it and pay dividends for the life of your business. I suggest enrolling in our free food truck business kit to learn more about the startup process. We interview successful founders and share the stories behind their food trucks, restaurants, food and beverage brands.
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You can answer all of the questions using keywords and short phrases. Make the statement mean something. Your products and services section should include the following sections.
Explain your rationale — for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure. Get Started Free. Document Types Included. Business Plans. Business Proposals.