Business Plan {(ROUGH DRAFT)}

[Paul Lonergan]

A noble start there ...

If you want dollars and cents, then you have to talk about it specifically.
If i was investing id need to know what your services are, what are you charging for your services? The cost of running your operation, building lease, products, utilities, advertising, insurance, wages etc.
Ring companies up ... Ask for estimates & plot it on a mock profit & loss sheet.

How do you plan to gain a 30% market share? What is your strategy?
Do you have any existing customers you can bring to this new start up?
Perhaps you can procure a signed contract with one of the local car yards / real estate groups?
Don't be afraid to be 'real'. Investors aren't idiots, they know business isn't all roses and perfume ... You will have to be proactive and show how you plan to tackle the cooler winter months. Perhaps you will make a loss in this time? That's ok! Don't BS about what could be a reality.

This all helps cement your position as a safe bet.

Above all show your passion and how much you love what you do.
If you can display market knowledge, leadership skills, good business values, be fun & integral - then you will win people's respect and possibly their money.

I hope this has created some thoughts racing through your mind ...





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[Eandras]

Let me just say. What William has is not fully posted. There is specifics.

[ProDetail]

Thank you everyone for your help.

@Paul - I get where your coming from and just like fellow member Eandras said, I didn't post all my info. You can't bull figures and if you try when they're grilling you they'll figure that out alot faster than some would think. My figures, profit predictions, etc... are all there and as concrete as predictions can be along with the necessary info to back it up.
I posted everything else for help in wording and to get feedback on the summaries which again, Eandras helped me with those and my figures as well.

@Eandras - I got it, I've gone through your suggestions and I made the corrections you recommended with the exception of training. I already have two helpers that know the ins and outs almost as well as I do so the training will be minimum at best. But I did add the info of the equipment I do have which I already had saved so that was quick n easy lol. I owe you big.

I did come upon another problem, I recently(today) found out that my business name may already be registered and that I may need to find another name. Not too happy about that but I'm trying to find out if its a yes or no. Anyone got some suggestions, I was considering Merrimack Valley Auto Detailing but it seems a little long.

[Eandras]

Even though you have two helpers you will also be employing seasonal temporary workers. You need to keep some form of training of those workers. This shows that you are capable of bringing people on and having them trained and not letting untrained people working on cars. This will also lower liability insurance as training is always an improving the business. Training is also for you whether it is marketing classes or even accounting classes to help keep good records.

Just my opinion.

Ed

[ProDetail]

I didnt think of it that way. Email sent