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Do you have an idea for a service based business, but aren’t sure where to start?
Also, keep in mind that if a supplier runs out of capacity--or goes out of business altogether--you may not have a sufficient supply to meet your demand.
Plan to set up multiple vendor or supplier relationships, and describe those relationships fully.
Just select “service” as your industry when you register. Futurpreneur Canada’s Start-Up Program takes your passion and turns it into a reality.
Get up to $60,000 in financial support, and the support of one of our 3,000 mentors.
Since 1988, Palo Alto Software—the creator of Live Plan—has helped over a million entrepreneurs achieve success.
Our business plan structure is even taught at top universities, such as Princeton and Rice.Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise.Or if you plan to sell a commodity readily available in a variety of outlets, the key to your business may not be the commodity itself but your ability to market in a more cost-effective way than your competition.But if you're creating a new product (or service), make sure you thoroughly explain the nature of the product, its uses, and its value, etc.--otherwise your readers will not have enough information to evaluate your business.In the cycling rental business example we've been using, products and services could be a relatively simple section to complete or it could be fairly involved.It depends on the nature of the products the company plans to rent to customers.Our example is for a tutoring company, but the principles apply to any service based business.You can also find the same example in the Business Plan Writer, our free online tool that guides you through the process of starting your business.A business plan doesn’t have to be elaborate, it just needs to explain your plan for your business.To help you get started we’ve created an example business plan for a service based business.