A business plan for a starter who wants to open a car business and…

ElderGrasshopperMaster959 A business plan for a starter who wants to open a car business and…A business plan for a starter who wants to open a car business and prepare a business plan as first person no we or our.  Executive Summary – (Usually two pages). I suggest you make this section after you complete the rest of the business plan. (This section provides all the highlights of your business plan) Make sure you include the following in the executive summary section ? Overview of your business idea (one to two sentences – What exactly is your business idea, the proposed name of the company, and the products/services to be offered) ? Explanation of your proposed product/service (what problems are you solving for target customers? For example, if you are a travel company, it could be that you are developing an app that provides the most economical travel packages in the fewest number of clicks.) ? Business goals (Where do you see your business in the next 1, 3, 5 or 10 years?) ? Target Market (Who are your ideal customers?) ? Competitor and differentiator (Who are your main competitors, what differentiates you in the market to get the competitive edge or what is your unique selling proposition?) ? The management team and their experience (Provide any imaginary names and expertise. What skills and experience do they have to give your business a competitive edge? ? The financial outlook for the business. (Provide some numbers in brief. Such as how much money you have, how much more capital you need to raise, how you will divide the capital – how much for investment, how much operating expenses, how much are the estimated sales when you will get break-even, or demonstrate how you will make your business profitable.) B. Business Overview/Company Description Make sure you include the following contents in this section. ? Business Description (what product or service does your business offer; when the business was founded; one sentence telling what makes your business unique; type of the business – sole proprietorship/partnership/family business/franchise etc.; location, geography you are targeting to serve; the number of employees; current performance if any – if the business already started how many sales you have done so far or how many customers/clients/businesses you have served so far)? Company vision, mission, goals, values statement (See the business plan template – go to the table of contents>Final project business plan resources>business plan template and example business plan for guidance) ? Industry overview and trends (Describe your industry and what makes your business competitive: Is the industry growing, mature or stable? What is the industry outlook long-term and short-term? How will your business take advantage of projected industry changes and trends? What might happen to your competitors, and how will your business successfully compete? ? Government Regulations (What could be the relevant laws/regulations you need to be aware of? It could be data protection, copyright, intellectual property rights, licensing rules, environmental regulations etc.) C. Marketing Plan ? Market Trends Overview (What is the size of the market to which your product/service belongs? Who are the leading market players/competitors, and what is their holding percentage in that market segment? What is their pricing strategy?) ? Target Market (Who are your target customers; Which specific geographic location are you targeting -e.g. rural, urban, suburban, metro cities?; What are the customer preferences related to product, service, price etc.?; Are you targeting online sales, physical stores, or B2B?) ? Products and services (A little more explanation on products and services you will offer and how it is different from others in the market) D. Competition Plan – ? Competitors (Describe who are your direct competitors and indirect competitors; What are their strengths and weaknesses? The strengths could be their market size, pricing strategy, product/service differentiation etc. The weaknesses could be company size, a small number of employees, inefficiency in meeting the market demand, lack of research on customer preferences, etc. ? Competitive advantage and differentiator (Describe how the product/service you offer will solve the problems that the customers are facing. What unique product/service do you provide that provides the competitive advantage? It could be price, after-sales service, warranty/guarantee, timely completion of the transaction, or one-stop service app where you can get all the services in one place; Describe what differentiates you from the competitors. For instance, it could be integrated technology, location, quality, etc. You need to explain in a paragraph the uniqueness of the product/service that differentiates you from the mass of competitors). ? Marketing Plan (How will you market the product and services to ensure you get the competitive edge? What mode of communication will you use? What marketing and advertising tactics do you plan to apply?) E. People -? Management team, Advisory team, and Key employees (Name, their skills, qualification, and experience that are relevant or provide key advantage to your business) F. Financial Plan/Action Plan – ? Elaborate on Investment required, funds to be raised, loan amount needed, cash available, etc. ? Explain your estimated expenses, predicted sales, gross profit, net profit, and estimated time to break even. G. Sources: You do not need to provide in-text citations.BusinessBusiness – Other