Tag Archives: Plan

Market Analysis

Carpet Cleaning – A Best Business Plan

Every business needs a business plan to get success into the industry and carpet cleaning business is not exception, it is also require a good business plan. This business offer lots of opportunities for the people who want to start their own business in carpet cleaning Industry. But it’s better to consider all risk before starting a carpet cleaning business. Once you have decided that how to start a carpet cleaning business then next thing is to make a detailed business plan for starting the business. A carpet cleaning business will generally cover these points.

Business Summary – This summary is a short description about your company and services which are offered by your company. This is also defining the goals of our business and its future plans. This should be representing the all necessary information about the company.

Market overview – Market analysis for the carpet cleaning business includes two main points, identify your potential customer and also identify your business competitor. First indentify that which area you’re going to target, they have demand or not. After that check for the services offered by your competitor within this area and set your services price and distribution plan.

Marketing Strategy – This defines the actual practice which you will use to promote your carpet cleaning business. Marketing for carpet cleaning business includes all marketing procedures like ad in local news paper, email marketing, internet advertising, viral marketing and hoardings. Your carpet cleaning business mostly depend on this strategy and your services qualities.

Management Strategy – This management system focus on how you can plan to handle the different aspect of your business. This assigns a particular job to the qualified person so he can maintain the quality for services provided by your company. Management mainly focuses on human resource management and recruitment of new employees.

Strategy Plan – This involve the plan for implementation of all the business activities of the business. It underline the financial aspect of the company, it is also maintain that how the cleaning machinery you will arrange. These all are main points which should be keep in mind before starting a carpet cleaning business.

Market Analysis

Learn Writing a Business Plan

Writing a business plan is an important step for any entrepreneur to take. For the success of a business, business plan acts as a roadmap. It is an important tool for investors and lenders. Writing business plan is not easy; it needs enough time to write it.

The essential elements of writing a business plan include:

1. Executive summary: One of the most important sections of writing business plan is executive summary. It includes:

  • Information about your company
  • Vision statement
  • Mission statement
  • If you are writing business plan for already establish company then it must contain history of your company
  • Summary about your product/service
  • Description of your competitors
  • Revenue
  • Cash requirement

2. Company overview: Company overview is the short description of your company. It contains information about:

  • Background of a company
  • Office location
  • Your goals and objectives
  • Products
  • About your partners
  • Promotions
  • Customers service

3. Market analysis: Market analysis illustrates information about your customers and target market. It includes:

  • Demand of your product
  • Your present position in the market
  • Description about your customers; there needs and desires
  • Market size
  • Market potential
  • Growth of the market

4. Marketing and sales: It is important to make your marketing and sales strategy strong, to attract large number of customers. Marketing and sales includes:

  • Promotional tactics
  • Marketing strategy
  • Advertisement of your product
  • Market analysis

4. Management plan: It describes information about:

  • Your employees
  • Their job description
  • Employee’s needs
  • Benefits you are providing to your employees
  • Information about your board of directors

5. Operational plan: Operational plan includes:

  • Business’s day-to-day operations outline
  • Information about the necessary equipments
  • Worth of your assets
  • How to overcome risks

6. Financial projection: For successful business, every business needs finance. Financial projection should includes:

  • Sources and use of funds
  • Profit and loss statement
  • Balance sheet statement
  • Cash flow projection
  • Break-even analysis
  • All operating expenses
  • With the help of above essential elements of business plan, one can write quality business plans.
Market Analysis

Essentials For New Business Plan

Every business needs new business plan, before starting up. It helps the owners of a business to predict the future of their company. Business plan is essential for all businesses, whether large or small. New business plan helps entrepreneurs to start their business in a proper manner and take important decisions proficiently.

Below are some important essentials for new business plan:

  • EXECUTIVE SUMMARY:

Executive summary is the outline of business plan. It is written after the completion of business plan. Executive summary includes brief introduction about the company, vision, mission, products or services, management, funds required and financial plan. Executive summary is not more than one or two page.

  • Company overview:

This section describes about the structure and location of your business. Company overview includes: description about your company, goals and objectives, challenges and strengths.

  • Product/Services overview:

Introduction about your products or services, benefits and features of your product, competitive evaluation and why people need this service.

  • Market analysis:

It contains: Market facts, market demand, market description, market potential, market growth, changes in the market, target market, market opportunities, market size and market trends. Market analysis also includes: Target audience, potential customers, customers needs and desires and how you can fulfill these needs and desires.

  • Policies and implementations:

Policies and implementation includes detailed information about: Market strategy, sales strategy, goals and operations.

  • Management team:
  • It includes information about management team, key employees, their needs and desires; details about your board members and advisors are included in this section.
  • Marketing mix:

Marketing mix includes information about: Product, price, promotional tactics and advertising tactics.

  • Operations:

Operational plan includes thorough information about: Human resource plan, service execution model, legal environment, customer service and facilities given by the company to its consumers.

  • Financial projections:

Description about your financial position, which includes income statement projection, balance sheet projection, break-even analysis, cash flow analysis, ratio analysis and important assumptions about financial position, comes under financial projections.

Business plan writer should be very careful in writing new business plan. Above are important essential for writing new business plan; by following them, you can write a good business plan.

General Investing

Stick To Your Plan And Forget The Rest

If you want to be successful at something, define beforehand what and how exactly you will do that and then set aside everything else that does not fit in your plan. I have learned that lesson from Jim Collin’s book “From Good to Great”. It is a great read and I would recommend you buying it. Pay close attention to all those lessons that are included in the book. Even if they were written with companies in mind, the lessons will apply to everyone in almost any aspect of their lives. That includes trading in the stock market.

Set your plan and forget the rest

When trading and investing in the stock market, you should define beforehand what exactly your strategy will be before you even open your account with your favorite broker. After you have decided upon it, forget and put it aside everything that does not fit into your plan. This might look easy to do it, but as you start you will soon realize that you will be bombarded every single day with different options and opportunities so you too, “can make a killing!”

Stick to your plan

If you have decided that you want a 3% yearly return to reach your financial goals, then great! Stick with that and forget everything else. Every day you will be hearing or seeing someone showing how they managed to pull off a 130% return on a single stock on a single day! That does sound great and you might start wondering how small is your goals comparing to that guy. Do not do that! If you have a plan that with 3% a.a. return you will reach your goals, then this is all you need.

Decide and make a good plan that you know that by the end of it, you will be fully satisfied. That way, you will not get distracted with all those “wonderful” schemes that everyone promises it will make you rich in a week! They won’t and if you keep paying attention to them, even if you do not follow them it will hinder your progress with your own plan. So, forget all that is going around you and focus on getting things done according to your plan.

Market Analysis

The Key Sections of Your Business Plan

A business plan’s contents are no secret. Many books, articles, and courses describe the major sections of a business plan. Although variations exist, there are key sections common to most outlines in business planning literature.

Executive Summary

An executive summary, generally one page to a few pages at most, covers all of the main points of the business plan to come.

Company Overview or Description

The next section begins with an overview of the current situation of the company. This covers who the founders are and why they started the company, what the products or services offered are or will be, and what steps have been taken toward the launch to date.

Market Analysis

Sections detailing research and analysis done on the market for the business come next. This should begin with an overview of the market or industry, including its size, breakup, and trends it is experiencing going forward. Data on the specific customer segments and competitors for the new business follow.

Marketing Plan

A marketing plan then covers what is generally called the 4 Ps of Marketing: Product (description of the products or services offered), Promotion (the promotional tactics to be used), Pricing (the pricing strategy for the business), and Place (the location for a retail facility or other means of distribution for the product or service).

Operations and Management Plans

The next section or sections detail the plan for how the company will operate and be managed. This must include details on who the managers are and their qualifications, whether they are partners or hired employees.

Financial Plan

The business plan continues with a description of the financial results the business intends to see, and the underlying cost and revenue assumptions. The financial section also details the amount of capital needed, what the funding will be used for, and the sources of funding that are being sought.

Appendices

Finally, a business plan concludes with appendices of documents which support the plan further. The appendices include full pro forma financial statements (income statement, balance sheet, cash flow statement) as well.