Sample Business Plan Outline

If you are looking for a partner, funding, angle investor or venture capital you will be asked for a business plan. Even if you are not in need of capital in the formation of your new business endeavor you will still be glad you prepared a business plan to help you prove to yourself that you have the right stuff and that the business is economically viable. The first step in the creation of your new business will be making a customized business plan. Please use this outline as your template to insure you do not forget anything important. This is a business plan format and outline I had created after reading over ten business plan books and taking the best of each of them and putting them into one outline. I give this to your freely and wish you great success in your new business. It is the great entrepreneurial spirit and the entrepreneur that build this great nation, glad to see you are one of us

BUSINESS PLAN

I. EXECUTIVE SUMMARY

A. Form Of Business

B. Introduction

C. State Of Technology

II. OBJECTIVES

A. Goals

1. Market Share

2. Sales

3. Customer Service

B. Statement Of Purpose

III. COMPANY ANALYSIS AND INDUSTRY ANALYSIS

A. Location

B. Background

1. Accomplishments

2. History

3. Strengths

C. Local

1. Trends

2. Business Climate

D. Position For Growth

1. Future Of Industry

IV. MARKETING ANALYSIS

A. Marketing Strategy

1. Customer Markets

a. Types

2. Government Markets

c. Agencies

d. Divisions

3. Non-profit Markets

f. Organizations

2. Risk Considerations

a. Politics – Special Interest – Government

b. Competition – Profiles

3. Inventory

a. products

b. Supplies

c. Purchasing

4. Equipment

a. Layout

b. Type

5. Sales

a. Tactics

b. Pricing

c. Promotions – Advertising

6. Media

a. Fundraising

b. Newspaper

c. Radio

B. Demographics

1. Scope

2. Segment

3. Surveys – Etc.

4. Markets To Exploit

5. Types Of Customers

C. Distribution

1. Customer Service

2. Delivery

3. 1-800 Number

4. Flyers

V. MANAGEMENT

A. Implementation

B. Controls

C. Training

D. Labor

E. Independent Contractors

VI. OPERATIONS

A. Hours

1. Operation

2. Delivery

3. Specialty

B. Maintenance

1. Vehicles

2. Equipment

VII. LEGAL STRATEGIES

A. Licenses

B. Regulations

C. Insurance

VIII. FINANCIAL STRATEGIES

A. Taxes

B. Capital Requirements

1. Financing

2. Required Investments

3. R.O.I.

4. Breakeven

5. Working Capital

C. Benefits

1. Security

2. Health Coverage

D. Projections

1. Ratios

a. Quick Ratio

b. Debts To Assets

c. Asset Turnover

d. Cash Flow

E. Expenses

1. Lease Payment

2. Royalties

3. Printing

4. Insurance

5. Utilities

6. Telephone

7. Labor

8. Bank Fees

IX. STRATEGIC PLANNING ANALYSIS

A. Long Term Goals

B. Manager Plug-Ins

C. Renewal Of Franchise License

X. APPENDIX

A. Competitors Brochures

B. Feasibility Studies

C. Picture or Rendering of Location

Can You Make Over $100,000 a Year in the Auto Repossession Business?

A common question in the repo industry is, “How much money do repo men make?”

If someone told you that you could make over $100,000 a year in a bad economy without a college degree, you’d think they were crazy.  But some auto repo business owners are not only doing well – they’re making six-figures a year.  When the economy does bad, they do better!

How Much Do Repo Men Make?

If you start your own auto repossession business, you can expect to earn $250 (or more) per repo’ed car.  If you repossess two cars a night, five days a week, that’s $130,000 a year.  It certainly requires hard work and determination, but it’s possible.

Repossession agents make the most money when lenders hire them to track down hard-to-find debtors – which is called “skip-tracing.”  If a debtor voluntarily gives up their car (or if they’re easy to track-down,) an agent may only make $100 for the recovery.

Repo men who work for someone else typically earn 40% of the repo fee – or $70 to $100 per recovered vehicle (on average.)

What Are The Pros and Cons of Owning Your Own Repo Business?

While it’s true repo business owners make the most money, they have to pay for gas and overhead expenses before they get paid.  And, as the motto in the repo industry goes, “no recovery, no pay.” 

Fortunately, you don’t need to invest in expensive equipment to start a repo business.  In fact, you usually don’t need a tow-truck!

That’s because many lenders keep key codes on file for every vehicle they own.  Sometimes they even keep a spare set of keys!  All you have to do is get a key made, find the car and drive it away.

You can invest in a minimal amount of equipment to get started, and reinvest your profits as your business grows.

What Are The Pros and Cons of Becoming a Repo Man for Someone Else?

Although there are advantages to owning your own business, many repo agents find it easier to get started working with an established repossession company.  That’s because in some states, there are many hoops to jump through to become a licensed repossession business, including:

  1. Getting bonded and insured
  2. Competing a required amount of training (not all states require this)
  3. Familiarizing yourself with repossession, investigation and collection laws
  4. Investing in adequate equipment, computers and software for your business

In fact, many repo businesses owners got their start working for someone else!

While the repo business isn’t for everyone, if you have a tough skin, a hard work ethic and an entrepreneurial spirit, it can be lucrative whether you work for someone else or yourself.  The key is getting adequate training before you head out into the field, so you can avoid common (and costly) mistakes!

Small Business Liability Insurance Quote Overview: Quick Introduction to Business Insurance Coverage

All businesses, big and small, need commercial general liability insurance. There are many things that could put your finances at risk, and without adequate coverage, your entire company could be affected. Look online to learn the laws in your state and local jurisdiction to find out the minimum amount of insurance you need, and then conduct a search for a small business liability insurance quote. You can get multiple quotes at once and compare them to see which one offers the right amount of coverage for your business needs.

If you have any employees, the federal requirement will require you to have workers’ compensation, disability insurance, and unemployment. Keep this mind when researching policies and comparing quotes.

The best commercial insurance providers will have custom policies tailored around each type of business and industry. For those involved in the real estate industry, there are special “real estate” business insurance policies that cover everything a realtor needs. Certain industries are obviously going to require more protection than others, namely construction types of businesses and who have to deal with machinery.

Small Business Liability Insurance Quote for Professional Liability

There is also “professional liability insurance” that is designed for small businesses that provide some type of services to customers. It protects against financial losses as a result of errors, negligence, malpractice, etc. Even if you just provide services out of your home, you should still look into getting a small business liability insurance quote for “home-based business”. One option is to add the coverage to your existing homeowner’s insurance to protect your equipment and any kind of possible liability coverage for 3rd party injuries.

You should always assess your risks. Carefully think of anything and everything that could possibly go wrong with your business that will cost you money. Look for a quote that includes coverage that will protect you from all of those things.

Your choice of an insurance provider is equally as important as the policy itself. Check a company’s financial history and current financial situation. A company that has been around for a long time and is currently strong financially is ideal. Also, customer support should be very reliable – especially if you’re new to business insurance and aren’t exactly sure what you are getting yourself into.

Where is a good place to start looking for a small business liability insurance quote? One company that offers great custom policies and affordable rates is Hiscox Insurance Company. Whatever kind of liability insurance you are looking for, this company will offer really good solutions.

Advantages Of Reading a Business Magazine

Like any other entrepreneur, you are also quite ambitious about your work and want to increase the turnover of your corporation. Therefore, you must be looking for the some important tips to improve the condition of your organization. To give a boost to your work and to make your flourish it, you will not only have to collect information about your own profession, but have to acquire information about the other businesses that are directly or indirectly related to your venture. You can check out the news to know the present condition of the enterprise sectors. However, for a detailed analysis, you should check out a renowned corporate magazine. There are several advantages of reading such magazines.

By reading a business magazine, you will be able to get a detailed analysis of trends and cycles various businesses follow. In such magazines, you can find experts’ opinions and tips regarding some intricate issues of a particular type of profession. As you will get the tips and suggestions on intricate issues related to the enterprise you are dealing in, it will be easier for you to improvise your works condition, which in turn will increase the profit level of your enterprise.

Expert consultation and advices are never available for free. You will have to pay a fee for each consultation and this might incur a huge cost at the end of the year. However, if you check the corporate magazines to get the advice of the experts, you will be able to get the advice of the experts without paying the fees. You just need to pay the price of these magazines. To reduce your expenses on the account of corporate magazines and to get the issue of your favourite magazine on time, you can opt for a subscription. Such publications offer different deals on the subscriptions of corporate magazines. Therefore, you will be able to get the best value of your money.

In the newspapers, you can find detailed report of the conditions of different sectors of the economy. But, all reports might not be related to your profession and you might not be able to get the best help from these reports. However, if you opt for corporate magazines, you can purchase the magazine that focus on the aspects of the work you do. By opting for such a magazine, it will be easier for you to get the advices that are related only to your field and thus you will be able to use the tips for the improvement of your business.

Such magazines are of great importance as they give a detailed report and analysis of the economic sector. Reading the corporate magazines regularly will help you understand the market condition and you will be able to conduct the business activities in a guarded manner. The economic recession has affected almost all the economic sectors of the world. Now, each and every corporate owner, whether small or large, is making his deals with carefully as they do not want to incur any loss. If you always want to make profits from your corporate, you can read the business magazines.

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