subject: How to write a tattoo business plan [print this page] How to write a tattoo business plan How to write a tattoo business plan
The first question you need to answer before writing your tattoo business plan - what is a business plan? In short it is a blueprint for your tattoo business showing anyone who looks as it what the goals of the business are and also shows how those goals should be achieved.
It's a fundamental tool for raising finance, as well as - bank overdrafts, loans and venture capital.
If you have an actual financier in mind you ought to tailor it to their necessities if not how are you going to get any capital out of them if what you comprise in your tattoo business plan is polar opposite of what they have in mind for a tattoo business
Your plan isn't just for getting you the capital you need - it's main objective should be to indicate the route in which your tattoo business is going.
Do not fill your business plan with jargon for the sake of it - your financier might not have a clue about the prospective business - just a sack load of money that they want to throw at new businesses - they aren't necessarily going to known the tattoo business acronyms that you use on a day to day basis. Don't be afraid to use diagrams in your plan - this will break it up as well making it easier to read.
You must cover the business's strengths and weaknesses and display how you plan to overcome weaknesses. Demonstrate you appreciate the risks concerned and present possible solutions for overcoming these risks and make available evidence to support your statements. This will combine credibility to the plan.
Make a lasting first impression by presenting the document in a clean and professional approach by using an understandable, straightforward design that conveys a skilled image and avoid jargon, keeping the content concise and hard hitting. Any technical or supporting information ought to be provided in the appendices.
Fiscal projections will be shown between the main body of the business 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 you are starting a new business; you must give your reasons why you came up with the idea to start this new business. Give advantages of your specific products or services that you anticipate to offer to potential clients stating how you plan to get their business. Give particulars of the market sector whether it's a growing sector or not, make clear your pricing policy and how you intend to sell your goods/services. Highlight any opposition out there and how you intend to compete in this money-spinning market and make your backer a return on his or her money.
It is crucial that your investor (if that's what your plan is originally used for) believes in you and your team (if you have one). If you come to an backer having just had a brain wave..."wouldn't it be magnificent to have my own tattoo business" - you are going to get laughed out the door. It is important to demonstrate your knowledge and display your knowledge and skill-sets as well as any other managers concerned in the tattoo business. If you need any workforce highlight these in the appendices - it's vital that any significant roles in the tattoo business are ironed out before you meet your backer - if it is an essential role you need for your tattoo business then you won't get the money you need.
