Your need for a business plan for your window washing business is no less important than for a Fortune 500 company. The difference is in the scope of your plan and the depth of the resources you have to make it a success.
When developing your business plan, you'll need to consider competitive offerings, market pricing and target audience as well as other factors that will directly impact your window washing business. No two business plans are alike. However, central to all business plans are clear-cut objectives and strategies for making the business a success, despite prevailing obstacles and challenges.
When developing your business plan, you'll need to consider competitive offerings, market pricing and target audience as well as other factors that will directly impact your window washing business. No two business plans are alike. However, central to all business plans are clear-cut objectives and strategies for making the business a success, despite prevailing obstacles and challenges.
- Your window washing business plan should have a clearly defined business objective. State this objective in quantifiable terms whenever possible. State your window washing business objective in terms related to a sales goal.
The sales goal can be a dollar value, such as "revenue to be earned" or "profits to be made." It can also be stated as a goal that implies revenue or profits, such as "to service 1,000 new customers."
However defined, the sales objective should be mapped to a time period ("service 1,000 new customers from May to October"). Otherwise it's not measurable. Without measurement, you're unable to determine if your business plan was successful.
With your objectives, timing and measurement criteria in place, you have taken the first step to developing your window washing business plan. - The next challenge is to develop a strategy to accomplish the quantified sales objective you've set. Strategy development is one of the hardest parts of any business plan. The goal is simply to answer the question "How will I accomplish my sales objective?"
This is where the plan creator must really begin to think about the window washing business. Window washing is a local business. Local regulations about water usage, safety, licensing and insurance may all impact your business plan's strategy.
The window washing business deals with individual customers at their homes or businesses, so issues related to security, services and customer satisfaction will be important to cover in your business plan.
Your window washing business will require a team of workers and perhaps even managers. You will need to research and estimate salaries, payroll, benefits and taxes as part of your business plan. You may need to consult an accountant to ass ist you here. Spelling out how you will handle each of those items should be included in the strategy section of your business plan. - Every business plan comes with a price tag attached to it. You must put something in to get something out. That something could be money, time or resources. However defined, you must attach a dollar value to all the tactical elements of your business plan.
Budgeting is one of the most important parts of a business plan. If you're trying to secure bank financing or investment dollars, you'll need to develop formal revenue projections, profit and loss estimates, and a break-even analysis. At the most basic level, you'll need to keep a budget of income and expenses for federal and state tax purposes.
With these key areas covered, you'll have done the thinking research, and planning that is required to develop a business plan for your window washing business.
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