The business plan: every business needs one, including your new doorstep trash collection service. A business plan is important in so many ways. The only person who doesn’t need a business plan is one who’s not going into business.
Here are just a few tips for designing an effective valet trash business plan.
- Use Visuals
- Show Conservative Projections
- Provide Thorough Market Research
- Take Advantage of a Business Plan Software Program
A good use of producing a solid business plan is to help keep you focused on short and long-term goals. You’ll know where your company is headed and how it intends to get there. It’s the map of your business’s forward momentum.
Traditionally, a business plan consists of seven key components:
- Executive Summary
- Business Description
- Market Approaches
- Competitive Scrutiny
- Design and Development Plan
- Operations and Management Plan
- Financial Aspects
In addition to these sections, a business plan should also have a cover, title page, and table of contents.
Depending on what you’re using it for, a useful business plan can be any length. A typical plan runs 15 to 20 pages, but there’s room for wide variation from that custom. They can be divided roughly into four separate types.
A mini-plan may consist of only one to ten pages and should include a short description of such key matters as the business idea, financing needs, marketing plan and financial reports, especially cash flow, income forecast, and balance sheet.
It’s a great way to quickly test a business model or measure the interest of a possible partner or investor. It can also serve as a valuable introduction to a full-length plan later on. This plan is typically used for internal direction and consumption only. For a new valet trash service, the mini-plan may be sufficient as your valet trash business plan.
The Working Plan
A working plan is an instrument to be used to run your business. It should be long on detail but short on presentation. As with a mini-plan, you can probably accept a slightly higher degree of informality when preparing a working plan. An effective business plan intended strictly for internal use may also ignore some essentials that would be important in one aimed at someone outside the firm.
The Presentation Plan
This plan is appropriate for showing to bankers, investors, and others outside the company. Almost all the information in a presentation plan is going to be the same as your working plan, although it may be fashioned somewhat differently. For instance, you should use standard business terminology, omitting the informal verbiage, slang, and shorthand that’s so useful in the workplace and is appropriate in a working plan. Remember, these readers won’t be familiar with your business model. Unlike the working plan, this plan isn’t being used as a reminder but as an introduction.
The Electronic Plan
With the advent of technology, the lion’s share of business plans are written on a computer, printed and presented in hard copy. However, much of today’s business information is sent via email, you will find it absolutely necessary to save the business plan in an MSWord document and a PDF version. This enables the entrepreneur to email the PDF or print either the MS Word version or the PDF.
A trash collection business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.
The valet trash franchise guide will provide you with the tips and tools you need while writing your business plan so you can achieve your dreams and watch them flourish!