Business Plans IP

SEQ CHAPTER \h \r 1

A Business Plan for Precision Auto Detailing

A business plans describe how to start a business , grow an existing business , finance a business , and how to manage and market a business at . It addresses management , location , advertising , and financing A business plan is an operating manual

Why Precision Auto Detailing needs a business plan

Precision 's business plan should minimally cover marketing . Chad and Kyle should focus on financing and profit from new marketing opportunities . Precision 's business plan should focus on ow much money

the company needs , what the money will be used for , and how lenders will be repaid

What the business should plan include

According to the Small Business Administration , the essential elements of a business plan are : Executive summary , Market analysis , Company , Organization and management

Marketing and sales management , Service or product line , Funding request , Financial statements , Appendix

The executive summary for Precision Auto Detailing is the three paragraph story of f how Chad and Kyle purchased and grew the business It would also state the goal for additional financing and growth plans

The market analysis describes the auto detailing industry . It should also include a detailed analysis of local competitors , describing how profitable those businesses are in comparison to Precision . The market analysis will explain why and how Precision Auto Detailing has gained a competitive edge in the local auto detailing market . Finally , it must convince a lender that a loan will increase the company 's competitiveness and bottom line

The company says that Precision Auto Detailing is in business because , then describes all the reasons - markets and customers the company serves and what are the specialties

The organization and management section is where Chad and Kyle put their resumes . It details who is the primary financial and operation manager is and how they divide those duties . This section shows in detail how their personal work has made Precision grow and be as successful as it currently is

The marketing and sales management section describes Precision 's 's advertising plan . It should include radio and television advertising business cards , and brochures

The service section show what Precision 's customers get for their money . It should define what auto detailing is , including a of detail services that they may not offer now but plan to in the future . A secondary section should describe services that can be offered once the bedliner equipment is purchased

The funding request section will formally request a loan of 30 ,000 showing a breakdown of what will be purchased and how the money will be used . The breakdown should address working capital to cover increased personnel , advertising , and operating costs . This section describes how the lender how they will be repaid and requests terms of repayment This section is a way to negotiate loan or other forms of financing

The financial statements section includes Precision 's financial statements - a balance sheet , a profit and loss statement , and a statement of cash flow...