What makes your products or services different? Are there competitive advantages compared with offerings from other competitors? Are there competitive disadvantages you will need to overcome?
And if so, how? Is price an issue? Will your operating costs be low enough to allow a reasonable profit margin? How will you acquire your products? Are you the manufacturer? Do you assemble products using components provided by others? Do you purchase products from suppliers or wholesalers? If your business takes off, is a steady supply of products available? The Products and Services section for our cycling rental business could start something like this: Customers can extend the rental term online without visiting the store.
A grace period of two hours will be applied to all rentals; customers who return equipment within that two-hour period will not be charged an additional fee.
Blue Mountain Cycle Rentals will have clear advantages over its primary competitors, the bike shops located in Harrisonburg, Virginia: Newer equipment inventory with higher perceived quality Price points 15 percent below the competition Online renewals offering greater convenience A liberal return grace period that will reinforce our reputation as a customer-friendly rental experience.
How do you stand out, and why does this business have such a terrific chance at succeeding? In talking about your product or service, always try to answer why a client would want it. What need are you fulfilling or what problem are you solving? How do you write the Products and Services section of a business plan? Here are the points you want to write up in the Products and Services section of your business plan: The Product or Service Description What is your product or service, and how does it work?
Lifecycle Where are you currently with this product or service? Sales and Distribution Strategy How will you sell it? Fulfillment How will you fill orders or deliver the service? Requirements Will you need any special equipment or technology to provide your product or service?
How Do You Stand Out? Back to All Last Next. A Business Plan Writer… A business plan writer expects you to have all the answers. This is how most business plan companies work — and this is how they keep their fees so low.
A Business Plan Strategic Consultant… A business plan consultant is somebody who will help you refine your ideas and strategies, and mold them into a viable business. Depending on your needs and budget, we will then develop a proposal somewhere along this spectrum: Guided Business Planning If you are on a more limited budget and have the time to conduct a majority of the research and writing, we can: Guide and prioritize your efforts; Supply templates and other helpful materials; Help you avoid common business planning mistakes ; and Critique, edit, and format your drafts.
We have experience in preparing business plans for: You are pitching to people who already know and trust you, so you need a simple document that explains your business concept and explains the risks namely, that your investors can lose their investment. A short, simple business plan or pitch deck is often sufficient in this case.
Angel Investor and Venture Capital Funding: You are pitching to wealthier, more sophisticated investors — either individuals, groups, or funds.
While they may not request a business plan until getting into due diligence, every detail of your business plan should be committed to memory whenever you have a conversation with these investors. You are seeking a loan — typically one guaranteed by the SBA — from a local bank to finance asset purchases for a brick-and-mortar business.
Many commercial landlords want to see a business plan so that they can see how a new tenant in a retail location plans to become a success. Many franchisors require prospective franchisees to submit a business plan to prove that they understand the business concept and the local market. Immigration Visa Business Plans: In addition to the content found in a traditional plan, the business plan must explain how the applicant intends to fulfill the requirements of the relevant visa program.
When an early-stage venture seeks a partnership with a more established business, it will need to produce a business plan or partnership proposal explaining how the relationship will work: Large, established firms often develop business plans as they consider new initiatives.
Having said that, here is a typical business plan outline: A brief typically page overview of your plan. What need do you plan to address? It had better be a large opportunity that many customers will be willing to give you their money in exchange for your offering. A description of how your product or service will fulfill the need. What is your customer value proposition?
How do you intend to make money? How will you create customer value and how will you deliver it your customers? Who is the customer, what are their characteristics, how many of them are there, and how many can you reach before your competitors do?
What is your total available market? How will you get your product in front of your customer, and how do you persuade them to buy it? Who else is working to fulfill the need, either directly or indirectly?
What competitive advantages do you have that will allow you to get — and stay — ahead of them? Do you have some unique, protectable intellectual property?
A business plan for a service business is different than a plan for other types of businesses. That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful.
Unlike other business plan writing companies, we don’t just document your ideas onto paper. As your partner, we can help create the right foundation for your business.
Your business plan will include 5 years of pro forma financials, custom created for your business model. 3 Review Once the plan is completely written and modeled, you’ll have ample time for a thorough review and to give us feedback. The business plan is the foundation of your investor package. However, most entrepreneurs are too busy with other priorities – such as developing products, finding customers, and recruiting a team – to prepare a compelling business plan.
Wise Business Plans™ specializes in creating professionally written business plans for small business owners. Your business plan is custom written by accomplished MBA writers, researchers, and financial modelers, and graphically designed by experts. In a society where service is lacking, Wise Business Plans delivers. It was a pleasant. A service company business plan can provide the owner-manager or prospective owner-manager of a service firm with a pathway to profit. This guide is designed to help an owner-manager in drawing up a business plan.