subject: Writing a carpet and floor covering store business plan [print this page] Writing a carpet and floor covering store business plan
Your carpet and floor covering store business plan is a document that defines your carpet and floor covering store business with its objectives and shows how those objectives ought to be achieved.
Devoid of a business plan it is doubtful that would-be "angel investors" and the like will invest in your carpet and floor covering store business if that is your requirements to start-up or if you need to take it up another level
If you have an exact backer in mind you must manufacture it to their necessities or else how are you going to get any money out of them if what you say in your business plan is the other extreme of what they have in mind for a carpet and floor covering store business
Your business plan isn't just for getting you the investment you need - it's main objective ought to be to point the direction in which your carpet and floor covering store business is heading.
You must keep your investor's attention by making the article as reader friendly as possible. Use easy, direct language and graphics to illustrate your ideas. Make sure your wording reflects the encouraging approach of the management team. Nevertheless, it is advisable to be realistic while presenting financial predictions.
You must cover the business's strengths and weaknesses and illustrate how you aim to overcome weaknesses. Show you are aware of the risks concerned and submit workable solutions for overcoming these risks and provide evidence to assist your statements. This will put in credibility to the plan.
Lay out your plan in a reasonable way together with clear and precise headings - don't be frightened to waste paper - start new headings on a clean fresh piece of paper - it will make the article look more professional and make it easy to find stuff for your financier.
Fiscal projections will be shown between the main body of the plan and the appendices. P&L statements, Balance Sheets, Cash-flow forecasts etc. should be given in a separate section of schedules. This will ensure everything is contained in the plan without sacrificing the flow of the text.
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 possible markets and make clear your pricing policy and selling strategies. Identify the competition and outline your proposals for dealing with it. Be positive but brief.
It is very important that your financier (if that's what your business plan is to begin with used for) believes in you and your group (if you have one). If you come to an backer having just had a brain wave..."wouldn't it be good to have my own carpet and floor covering store business" - you are going to get laughed out the door. It's important to exhibit your awareness and demonstrate your experience and skill-sets as well as any other managers involved in the carpet and floor covering store business. If you need any workforce highlight these in the appendices - it's crucial that any significant roles in the carpet and floor covering store business are ironed out before you meet your investor - if it is a crucial role you need for your carpet and floor covering store business then you will not get the capital you need.
