Your heavy equipment hire business plan is a article that describes your heavy equipment hire business with its objectives and shows how those objectives ought to be achieved.
It is a fundamental tool for acquiring finance, as well as - bank overdrafts, loans and venture capital.
The heavy equipment hire business plan should be made bespoke for the possible lender or the financier. The content of the business plan ought to display the would-be interests of the lender and promote support for your heavy equipment hire business venture.
Your plan is not just for getting you the investment you need - it's main objective ought to be to point the course in which your heavy equipment hire business is going.
You must keep your financier's attention by making the detailed description as reader friendly as possible. Use down-to-earth, direct language and graphics to illustrate your points. Make sure your copy reflects the positive approach of the management team. Still, it is advisable to be realistic when presenting fiscal forecasts.
Try to make the plan as upbeat as possible but do not shy away from any obvious problems there might be in setting up your heavy equipment hire business as your financier will more than likely have thought of them anyway; so if you can get their firstly and counter the likely questions before they think of them so much the better.
Lay out your plan in a logical way including clear and precise headings - do not be worried to waste paper - start new headings on a clean fresh piece of paper - it will make the document look more authoritative and make it easy to find stuff for your investor.
Monetary projections will be presented between the main body of the plan and the appendices. Profit and Loss statements, Balance Sheets, Cash-flow forecasts etc. should be given in a separate section of documents. This will ensure everything is contained in the plan without sacrificing the flow of the words.
If your business is a new venture then give background information as to why you intend to start it. State the important advantages of your product or service. Point to budding markets and make clear your pricing policy and advertising strategies. Identify the competition and outline your proposals for dealing with it. Be positive and brief.
Make apparent the knowledge and awards of you and your management team and show how their skills can be harnessed to attain growth potential and profitability. Offer information on enrollment necessities including CVs for higher management in the Appendices and, if applicable, an organisation chart to illustrate the management structure.