How Does A Business Plan Help An Entrepreneur - The best estimate professional

some thought Determinecontinue reading size-full wp-image-245" width="220">Start up an auto repair shop using this detailed sample business plan. Use this example to compile your own.

Both have a dream of starting up their own company and offering better service to their clients than competitors. Free Business Plan Template Download. The most important aspect of our business is trust.

The company will be a limited liability company registered in the state of Washington. The facilities will contain a two-bay garage, office space read more storage space for tools, parts, etc. Each of the owners will be putting up some of their own capital as equity. The data obtained How Does A Business Plan Help An Entrepreneur the start-up comes from research done in the Seattle area with other small mechanic shops who have started their own business.

Inflation has been taken into account between the estimates of these fellow business owners and when they started and the current prices for expensed items. Much of the equipment to go into the facilities such as tools, air compressors, etc. It is ultimately the goal of the company to offer a one-stop facility for all auto servicing needs, including brakes, transmission, wheel alignment, etc.

In this way the company can offer greater perceived value for the customer than many other shops which specialise in certain areas. The industry is highly competitive with suppliers having a great deal of power in setting and negotiating the prices of their products and services to repair shops. Finally, the barriers to entry are moderately low, and the large number of competitors in this field, including substitutes such as do-it-yourself work mean that the pricing for such services are very competitive.

The only way to have an advantage in this industry is a low cost leadership principal applied aggressively or to create higher switching costs through the building of strong business to customer ties. Each job or project will be on a reservation basis, although we will accept a small percentage of drive in repair work.

The auto repair industry is highly competitive. Each company within this field has high capital costs, low margins, and a high intensity of competition. Suppliers have a great deal of power in setting and negotiating the prices of How Does A Business Plan Help An Entrepreneur products and services to repair shops. This is due to the fact that the suppliers who absorb the greatest amounts of cash from repair shops are large auto part companies.

Therefore, these companies can set whatever price they wish to. Furthermore, labor is a supplier in this industry as well, and salaries for such individuals are well known and not very flexible. Additionally, the costs of our services are not cheap, and buyers are willing to search for the most favourable combination of price and acceptable service. The barriers to entry and exit are moderately low in this industry.

Switching costs are virtually non-existent and the costs to entry and exist the market are low. The large number of competitors in this field including substitutes mean that the pricing for such services are very competitive. The only way to have an advantage in this industry is a low cost leadership principal applied aggressively to all aspects of the here or to build up customer relations to a point where the switching costs are raised.

The technological revolution in computers has enhanced our abilities to diagnose and repair our clients vehicles. The company will continue to seek new ways to provide a better service through technology.

Our potential customer includes every household in Seattle that owns one or more vehicles. The industry does not have any seasonality that affects it. Click here to view this full business plan. Sign up for Entrepreneur's Daily Newsletters to Download. The title has won seven major publishing excellence awards since it's launch in Entrepreneur Magazine is the "how-to" handbook for growing companies.

Use this sample business plan to get your trucking business on the road. Most of their business will be derived from the private carriers. The first, as mentioned earlier is the food industry. Mike felt that it was instrumental to have experience within an industry at all levels. It was quickly obvious that Mike has skills beyond driving trucks and moved into management for three years. It was ten years How Does A Business Plan Help An Entrepreneur experience at Yellow that provided Mike with the skill sets, experience, and confidence to decide to open his own trucking company business.

The first strategy is the use of promotions.

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This will focus on press releases and advertising using various different media. The second effort will be the use of incentives.

How Does A Business Plan Help An Entrepreneur very

The incentives will be offered to existing customers. The last effort will be printed brochures. These will be distributed to new and existing customers. Profitability is forecasted to occur at month three. Mike Smith, president and CEO, is the majority owner.

He has been in the trucking business for 15 years. The trucking industry provides transportation services for persons or companies looking to haul heavy things. We will provide this service to the whole of the Dallas area, and hope to expand from this base area within the first five years of operation. This service is provided on two bases: Link services offered, and the markets being targeted, are discussed throughout the following section.

The company has already had experience in servicing such clients and it believes that there is a growing demand for reliable transportation solutions in this customer segment.

There are several potential customer segments that we will provide our transportation services to. Major customer segments include the food industry, PC and semiconductor manufacturers, and retailers. The chart and table below outline the current market size and growth estimates for these customer segments in Texas.

Large established companies in the afore-mentioned segments especially in the food industry have their own truck fleets, while smaller players outsource the transportation function.

The latter vary in the scale of their operations, but have a steady demand for reliable transportation solutions. We will actively solicit such customers. The major customer segment the company is focusing on is the food industry. The company management believes that by increasing its truck fleet it can capture additional clients and provide here service to existing clients.

Such operations are principally outside a single municipality, group of contiguous municipalities, or municipality and its suburban areas. Although there are major players in each of the commercial carrier market segments, the market remains highly fragmented.

According to the Dallas Yellow Pages, there are numerous companies providing different kinds of the trucking services. Market research shows that customers in the food industry are price sensitive, and they value on-time deliveries, special handling capabilities, and less-than-truckload orders. The company recognises that it is subject to both market and industry risks. The two primary risks to the company are:. The company is mainly focused on food industry businesses in the United States.

This position is favourable since the industry is fairly stable. To mitigate this risk, the company is looking at diversifying its trucking business to include other industries as well. Any damage to cargo may undermine the profitable of the company. To reduce this risk, the company maintains all necessary insurance.

This total was divided among two sectors: The American Trucking Association ATA estimates that there are more than three million trucks operated by private fleets transporting 3. The TL sector has historically been mostly privately owned, with the exception of the top ten publicly-owned companies For this reason, we focused on the LTL sector in this survey.

Of this amount, the fast-growing regional segment accounted for slightly more than the national market. Second place belonged to US Freightways, whose family of five carriers generated some The freight broker industry is the middle man of the shipping industry.

They are also known as third party transportation providers. Freight brokers provide a service by linking customers with shippers and trucking companies. Their service is indispensable when moving goods throughout this country as there are literally hundreds of different shippers offering thousands of different services. The freight brokers make the process of securing a shipper quite easy with one-stop shopping. Silicon chips are the basis of all types of computers as well as hand held devices such as cell phones, PDAs, even watches and some household appliances.

SFB will be occupying a niche within the general freight brokerage market by specializing in the shipment of silicon chips. Silicon chips are very specific, unusual cargo that requires special attention. The chips have a very narrow range of temperature and humidity parameters that must be maintained.

In addition to these unusual requirements, there are other specific needs go here silicon chip companies have.

A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss. If you have a killer idea for a startup, but lack the time, resources and budget to develop a business plan, a business plan-generating app can help you get your plan. Start up an auto repair shop using this detailed sample business plan. Jun 20,  · Reader Approved How to Become an Entrepreneur. Five Parts: Examining Your Personality Setting Your Foundations Writing Your Business Plan Preparing Your.

By specializing on silicon chips as their only cargo, SFB will quickly gain market share and be known as the premier broker for chips. The industry of chips is comprised of two distinct customers, manufacturers of chips and purchasers of chips. The manufacturers are based in the USA, however some of them produce in the States while others farm out production overseas and them import them.

Steve has over 10 years of freight experience, working for several different companies. This work experience has been instrumental in allowing Steve to accurately determine the market need and meet it. For the last seven years Wendy has been an industry consultant, working quite close with companies such as Intel.

SFB will achieve market penetration by remaining laser click on their market niche, while fully utilizing their strong management team.

We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place.