Your Service Business Plan
It is just too simplistic to look
upon a service business plan as "Mine!" It's not. As with any
other business, service businesses are based on the good will of their
customers. Creating that spirit of "working together" is a critical
skill in any service business.
THE BIGGEST HURDLE TO OVERCOME
Due to its personal nature, service businesses often don't have a lot of
collateral, no heavy equipment, no real estate. The "service" part of
"service business" means that people are the collateral in the business.
Sometimes it is just one person; sometimes it is many people.
When looking for funding, it is your personal expertise that will save
the day. If your business is new, expect the bank to ask for your home
as collateral. Sadly, banks are still very asset driven, and there
just isn't much they can ask for in terms of collateral.
OVERCOMING THE "NO ASSET" HURDLE
Wherever possible, ask for concessions from suppliers, landlords and
equipment dealers -- and note those accomplishments in your service business
plan. Sixty days for payment doesn't sound like a lot, but as much as
giving you breathing time, it demonstrates your negotiating skill.
Trade services wherever possible. Perhaps the property management
company needs a good accounting service like yours.
Document your success thoroughly. An advertising executive in
Chicago wanted to open her own agency. She was asking the bank for the
equivalent of a year's salary, no small amount in her league. She
challenged the banker to call every advertising agency he could find and ask
each one what they would pay to get her on staff. He did so. She
got her funding.
Finance the "hard" stuff -- the equipment, the building. Use your own
funds for the "soft" stuff -- the employees, the advertising.
Take it as far as you can without financing.
The easiest way to get financing is to be successful.
Cemetery Maintenance Business Proposal. This is a real specialty.
Although bidding is competitive, contracts can be lucrative.
Beauty Salon Business Plan. Whether the salon is for chic hair
designs, nail salon, tanning salon or massage parlor, a strong presentation
will make the dream a reality.
Business Plan for
Computer Consultants. The more computers there are, the more need
there is for your services. Go for it, with a business services plan.
Consulting Business Plan. Sometimes there is just no substitute
for being the best qualified person around. That, combined with your
advance planning, will make your consulting business a success.
Cleaning Service Business
Plan. As industrial and commercial areas grow, so does the need grow
for qualified, experienced cleaning services.
Credit Restoration
Service. This is one of the most rapidly growing businesses in the
whole country. Use your background to make it a successful one for
you.
Dance Studio. No matter
whether it is tango or tap, your business plan will reflect your passion.
Day Spas. Where
luxury reigns, can a day spa be far behind? This really is a matter of
location and management skill.
Dog Day Care Business Plan. With a bunch of wagging tails around
all day, who can think of business? Start out with the right business
proposal, and your dog kennel will be on its way.
Sample Business Plan for
a Fitness Club. Look to equipment leasing and local clientele for your
best odds at success.
Insurance Agency.
While this is still predominantly a very small service business, there are
larger agencies that need financing too.
Business Plan for
Internet Information Services. What is it that you know?
Archeology? Gardening? How to deal with teen agers?
Whatever your specialized knowledge, there is a website waiting for you in
the internet information services world.
Kids Gym. The
business plan must outline the demographic, not only for today but for
tomorrow as well.
Medical Billing.
This is a business that requires a unique skill set, and the right
connections. But when you have those, it is destined to grow and grow.
Lawn Care Service
Business Plan. Line up your developments. Line up your
employees. Line up your financing. It's there.
Mortgage Broker Business Plan. Opening a mortgage brokerage at
this time takes moxie. And it is that moxie that will get your your
funding.
Pressure Washing
Business. Building doesn't stop. Nor does dirt. Choose
your turf -- business or commercial or both -- and go clean up with this
business.
Professional Speaker
Business Plan. This is for the real experts, those who wrote the book.
Take your show on the road, professionally.
Temporary Staffing Company. When the economy is down, temporary
workers are up. This may be the time for your temporary staffing company to
take flight.
Travel Agency. It's
a whole new world in the world of travel agencies. Most are failing.
If you've got the right angle, yours can be hugely successful.
Wedding Consultants.
Rich man, poor man, and everything in between. Be prepared to help
brides of all ilk with traditional and non-traditional weddings, both lavish
and simple.
Yoga Studio. Many
people have reached out to the calming nature of yoga to bring balance to
their lives. With your expertise, a wonderful yoga studio can become a
reality.
