Service Industry Business Plan

Service Industry Business Plan-44
How many customers in this area will need your services?Will your customers be industrial or commercial clients, consumers or all of these?

How many customers in this area will need your services?Will your customers be industrial or commercial clients, consumers or all of these?

In making your business plan, the first question to consider is, What business am I really in? If there is one thing I know, you say to yourself, it is what business I'm in. Some owner-managers have gone broke and others have wasted their savings because they did not define their businesses in detail. Joe Riley had a small suburban radio and television store.

He thought of his business as a retail store, although he also serviced and repaired anything he sold.

Profit is the reward for satisfying consumer needs. Sometimes a new business might need two years before it shows a profit.

What then are the other reasons for having your own business?

When picking a site for your business, consider the nature of your service.

If you pick up and deliver, you will want a site where the travel time will be low.

The material in this publication may not be reproduced or transmitted in any form or by any means - electronic, mechanical, photocopying or other - without prior written permission of the U. This publication is designed to help an owner-manager develop a business plan. Reading or hearing the details of your plan will furnish a lender with real insight into your situation.

"How to Write a Business Plan." Copyright 1990, Linda Pinson and Jerry Jinnett. INTRODUCTION A business plan can provide the owner-manager or prospective owner-manager of a small service firm with a pathway to profit. Second, a plan makes it easy to let your banker in on the action.

For some, satisfaction comes from serving their community.

They take pride in serving their neighbors and giving them quality work that they can stand behind.

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