Having an overview of your business before you create a business plan is essential. These four headings provide a framework for analysing a company, business proposition or any other idea. Strengths and Opportunities are positive factors, while Weaknesses and Threats are negative factors.
Barbing saloon Sales Forecast Our sales forecast is based on the data gathered during our feasibility studies and also some of the assumptions readily available in the field. We expect to wash 70, cars in the full-service operation and 30, cars in the self-service operation during our first year of operation.
We have been able to critically examine the car wash services industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in South Africa.
R, Second Fiscal Year: R, Third Fiscal Year: Please note that the above projection might be lower and at the same time it might be higher.
The prices of our car wash services and other services we offer will be same as what is obtainable in the open market. Our bank account numbers will be made available on our website and promotional materials. Good enough, there is no hard and fast rule on how to advertise a car wash business, so we will ensure that we leverage on all conventional and non — conventional publicity and advertising technique to promote our business.
Startup Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting a place, then you would need a good amount of capital. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a standard car wash company; it might differ in other countries due to the value of their money. We have been able to pull cash that will be enough for us to successfully launch a standard car wash company in Pretoria — Gauteng Province.
These are the key areas where we will spend our startup capital on; The total fee for incorporating the business in South Africa — Name reservation application costs R50 and company registration R Legal expenses for obtaining licenses and permits as well as the accounting services software, P.
S machines and other software — R3, The cost for hiring business consultant — R2, The cost for payment of rent for 12 months at R1. Other start-up expenses including phone and utility deposits R2, Operational cost for the first 3 months salaries of employees, payments of bills et al — R60, The cost for start-up inventory — R, The cost for store equipment cash register, security, ventilation, signage — R13, The cost of purchase and installation of CCTVs — R5, The cost for the purchase of furniture and gadgets Computers, Printers, Dedicated customer care line, TVs, Sound System, tables and chairs et al — R4, They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.
These are the areas we intend generating our startup capital; Generate part of the startup capital from personal savings Source for soft loans from family members and friends Apply for loan from the bank N.
We have been able to generate about R, Personal savings R80, and soft loan from family members R20, and we are at the final stages of obtaining a loan facility of R, from our bank.
All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. From our findings, another factor that kills new business is financial leakages.
We are quite aware that our customers are a key component of our business; hence we are going to continuously engage them to give us ideas on how to serve them better.
We will not waste time in diversifying our services once the need arises.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing and remodeling the facility: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: Completed Printing of Promotional Materials: In Progress Recruitment of employees:Business Plan Template.
INDEX TO BUSINESS PLAN Cover Letter Executive Summary 1. Introduction 2. Business Overview Company History Business Profile was established to fill a niche in the market of road freight industry in South Africa Core business description Offering fast, efficient and affordable freight delivery etc.
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