Who are the likely customers? Funding The amount of current and future funding needed to start or expand the business.
How they will benefit from the product or service? Include a description of how your product or service will meet a need and any potential clients identified as having that need.
Target Market Your target market must be clearly defined. The management portion of the business plan needs to assure investors and lenders that you have a top-notch team lined up to work for your company. The Executive Summary The executive summary is the first paragraph investors read.
A list of business consultants, attorneys, accountants, etc. What will make your company different and better than your competition? In some states in the United States and some other countries, you would be required a license to be able to own an auto spare parts business. The date The name of the owner The company name and location A copyright or confidentiality notice Table of Contents A list of the individual sections and their page numbers, starting with the Title Page and ending with a section for Special Materials references, etc.
Well moderate can be relative, because the cost of renting a store might vary from location to location. The capital you raised is what you will use to stock — up your store. How the funds will be used: The truth is that if you have acquired the required training, it would be easier for you to train your staffs.
What are the jobs and responsibilities of each employee? What are their features? It will help you to start out on the right foot, stay focused, get financing, manage your growth, and more.
This opening should intrigue readers and make them want to read more. Focus on the following nine elements when drafting a business plan for your small business. The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.
Qualifications, experience and education are important to provide readers with an insight as to how these individuals fit into the organizational structure and what they can bring to the table in their designated roles.
Conduct Your Feasibility Studies Part of what you need to do to be able to start your own business on a positive and promising note is to first and foremost conduct a feasibility studies to get first hand information that will enable you know how to develop winning strategies that will help you breakeven within few months of starting the business.
What are the products or services you plan to offer? As long as people still use automobile on our roads, the need for auto spare parts will continue to be in demand.
Source for Suppliers of Various Brands of Auto Spare Parts Part of what you need to do to get your auto spare parts business rolling is to source for suppliers of various brands of auto spare parts.
What are the national and local trends that affect your industry? Include market penetration strategy, growth strategy, distribution strategy and communication strategy.
What sales tactics will you use?Lastly, if you have successfully established your own auto spare parts store, as part of growing the business, you can consider opening and online auto spare parts store.
With online auto spare parts store, you will have a wider reach.
Alison Lobb Huron Small Business Enterprise Centre Basic Components of a Business Plan 1. Executive Summary your opportunity to. Parts of the Business Plan. Parts of the Business Plan. • Names of business owners • Date of plan completion.
2. Table of Contents. Lists each section of the business plan and the page that each section is located on. 3. Executive Overview This unique experience is popular in other parts of North. A business plan is your chance to tell your story to potential investors and lenders.
This is where you bring the vision of having your own business to life. Each section of. Business philosophy: What is important to you in business?
To whom will you market your products? Your target market? (State it briefly here - you will do a more thorough explanation in the Marketing section).
Describe your industry. Is it a growth industry? Business Plan for Startup Business. Feb 21, · As with most things in the business world, the size and scope of your business plan depend on your specific goals. If you’re drafting it for investors, you should make the plan more detailed.Download