Nicholas G. Coriano: New York Business Plan Writing Service
In fact, while contributing to a clean and business friendly atmosphere, you help to build and to promote a safer neighborhood. One word of advice before we continue: A good way to get started quickly, efficiently and professionally is to hire a business plan consultant to write your business development plan.
At BrainHive, we offer experienced business plan consulting packages. If you want to know how much a business plan costswe can also help you out, being one of the most affordable and yet professional business plan consulting firms sample toefl essay writing the market.
It is perhaps also worthwhile to not that we can also simply help you write your own business planas well as prepare just the financial plan for your business plan. This way, you can rest assured that you will receive a custom-tailored business planning service that fits your exact need at the best price imaginable. A business plan writers in new york for the area in New York where you wish to start your business should be part of the business plan. Such a pre-selection is a very common step and usually comes with a bid on a rental property, especially in commercial districts that include shopping centers and other similar businesses.
You should consider the benefits of a bid and understand how they work in New York. When putting together your business plan, it is very important to also get a bid assessment. You should also know who oversees your bid and whether they will reduce the cost of city services for your business.
Plan to limit noise from your establishment to avoid fines and do not play music in front of your business to attract customers. Limit construction noise. You must create and post a noise mitigation plan to keep noises from bothering neighbors.
Failure to do so can result in fines. Free bike racks for the sidewalk outside your business can be requested from the NYC Department of Transportation. Hire a private carting service and set up your space to comply with commercial recycling rules. Your construction should match what your business permits require. Make sure your licensed professional plans spaces and utilities connections to match the requirements of your business permits.
Prepare to Open. Avoid common violations and fines. SBS offers free compliance consultations that can save you time and money. Research specific requirements. Make sure you and your employees have all permits and licenses applicable to your business. Use Step by Step, a tool that helps you new york city business plan writers a customized list of requirements. Set-up your space to maximize recycling and avoid violations.
Attend a DSNY training and download or order educational materials. Post applicable worker protection posters. Follow Federal as well as New York State requirements. Hire a Team. Businesses that violate this law will be punished. Recruit talented staff that will contribute to the success of your business. Train your employees, so that your team has the skills your business needs.
Clarify your unemployment insurance requirements. Clarify your workers' compensation insurance requirements. Be sure to comply with all applicable laws involving employee wagesincluding living wage, sick leave, and transit benefits. Open and Operate. Display licenses and required posters. Give customers clear receipts. Show prices and print your business name and address on your invoices and receipts. Prepare and pay your taxes. Give customers clear invoices.
Show prices and print your business name and address. Get permits and limit air pollution. So is describing why your products and services are needed if no market currently exists.
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For example, before there was Federal Express, overnight delivery was a niche business served by small companies. Patents, copyrights, and trademarks you own or have applied for should also be listed in this section.
Depending on the nature of your business, your Products and Services section could be very long or relatively short. If your business is product-focused, you will want to spend more time describing those products. If you plan to sell a commodity item and the key to your success lies in, say, competitive pricing, you probably don't need to provide significant product detail.
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. 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.
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If Blue Mountain Cycling Rentals plans to market itself as a provider of high-end bikes, describing those bikes--and the sources for those bikes--is important, since "high-end cycling rentals" is intended to be a market differentiation. If the company plans to be the low-cost provider, then describing specific brands of equipment is probably not necessary.
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. Blue Mountain Cycle Rentals will provide a comprehensive line of bicycles and cycling equipment for all ages and levels of ability. Since the typical customer seeks medium-quality equipment and wuthering heights analysis essay services at competitive prices, we will focus on providing brands like Trek bikes, Shimano footwear, and Giro helmets.
These manufacturers have a widespread reputation as mid- to high-level quality, unlike equipment typically found in the rental market. Blue Science essay Cycle Rentals will have clear advantages over its primary competitors, the bike shops located in Harrisonburg, VA:.
Expansion will allow us to move product offerings into new equipment sales. We will also explore maintenance and fitting services, leveraging our existing maintenance staff to provide value-added services at a premium price. When you draft your Products and Services section, think of your reader as a person who knows little to nothing about your business. Be clear and to the point. Think of it this way: The Products and Services section answers the "what" question for your business.
Make sure you fully understand the "what" factor; business plan writers new york may run the business, but your products and services are its lifeblood. Market research is critical to business success. A good business plan analyzes and evaluates customer demographics, purchasing habits, buying cycles, and willingness to adopt new products and services.
The process starts with understanding your market and the opportunities inherent in business plan writers in new york market.
And that means you'll need to do a little research. Before you start a business you must be sure there is a viable market for what you plan to offer. The more thoroughly you answer the following questions, the better you will understand your market. Start by evaluating the market at a relatively high level, answering some high-level questions about your market and your industry:.
Fortunately, you've already done some of the legwork. You've already defined and mapped out your products and services. The Market Opportunities section provides a sense-check of that analysis, which is particularly important since choosing the right products and services is such a critical factor in business success.
But your analysis should go farther: Great products are great Ferraris are awesome but you're unlikely to sell many where I live. So let's dig deeper and quantify your market.
Your goal is to thoroughly understand the characteristics and purchasing ability of potential customers in your market. A little Googling can yield a tremendous amount of data. The key is to understand the market in general terms and then to dig deeper to understand whether there are specific segments within that market--the segments you plan to target--that can become customers and support the growth of your business. Also keep in mind that if you plan to sell products online the global marketplace is incredibly crowded and competitive.
Any business can sell a product online and ship that product around the world. On the other hand, if you live in an area with 50, people and there's only one bicycle shop, you may be able to enter that market and attract a major portion of bicycle customers in your area.
After you complete your research you may feel a little overwhelmed. While data is good, and more data is great, sifting through and making sense of too much data can be daunting.
For the purposes of your business plan, narrow your focus and focus on answering these main questions:. While we expect sales to rise, for the purposes of performing a conservative analysis we have projected a zero growth rate for the next three years. In those states 2, people visited a national forest last year. Our target market includes customers visiting the Shenandoah National Forest; last yearpeople visited the area during spring, summer, and fall months.
Over time, however, we do expect equipment rentals and sales to increase as the popularity of cycling continues to rise. In particular we forecast a spike in demand in since the national road racing championships will be held in Richmond, VA. In addition, we anticipate greater than industry-norm growth rates for cycling in the area due to the increase in popularity of cycling events like the Alpine Loop Gran Fondo.
Out target market has one basic need: The availability to source bicycle rentals at a competitive price. Our only other competition are the bike shops in Harrisonburg, VA, and our location will give us a competitive advantage over those and other companies who try to serve our market.
In our case the cycling rental business does not require much segmentation. Rentals are typically not broken down into segments like "inexpensive," "mid-range," and "high-end.
Although you'll notice in our Products and Services section we decided to provide "high-end" rentals. But say you decide to open a clothing store. You could focus on high fashion, or children's clothes, or outdoor wear, or casual If that's the case, provide detail on segmentation that supports your plan.
Providing great products and services is wonderful, but customers must actually know those products and services exist. That's why marketing plans and strategies are critical to business success.
Duh, right? But keep in writers at work essay marketing is not just advertising. Marketing--whether advertising, public relations, promotional literature, etc--is an investment in the growth of your business.
Like any other investment you would make, money spent on marketing must generate a return. Otherwise why make the investment?
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While that return could simply be greater cash flow, good marketing plans result in higher sales and profits. So don't simply plan to spend money on a variety of advertising efforts. Do your homework and create a smart marketing program. We will not be the low-cost provider for our target market.
Our goal is to provide new york city business plan writers to high-end equipment. However, we will create web-based loyalty programs to incent customers to set up online profiles and reserve and renew equipment rentals online, and provide discounts for those who do. Over time we will be able to market specifically to those customers. Just like in the Market Opportunity section, you may want to include a few more categories. For example, if your business involves a commission-compensated sales force, describe your Sales Programs and incentives.
If you distribute products to other companies or suppliers and those distribution efforts will impact your overall marketing plans, lay out your Distribution Strategy. The key is to show you understand your market and you understand how you will reach your market.
Marketing and promotions must result natural disasters essay writing customers--your goal is to thoroughly describe how you will acquire and keep your customers. Also keep in mind you may want to include examples of marketing materials you have already prepared, like website descriptions, print ads, web-based advertising programs, etc. While you don't need to include samples, taking the time to create actual marketing materials might help you better understand and communicate your marketing plans and objectives.
Every business has competition. Understanding the strengths and weaknesses of your competition--or potential competition--is critical to making sure your business survives and grows. While you don't need to hire a private detective, you do need to thoroughly assess your competition on a regular basis even if you only plan to run a small business.
In fact, small businesses can be especially vulnerable to competition, especially when new companies enter a marketplace. Competitive analysis can be incredibly complicated and time-consuming Here is a simple process you can follow to identify, analyze, and determine the strengths and weaknesses of your competition.
First develop a basic profile of each of your current competition. For example, if you plan to open an office supply store you may have three competing stores in your market. Online retailers will also provide competition, but thoroughly analyzing those companies will be less valuable unless you also decide you want to sell office supplies online.
Only you can determine that. To make the process easier, stick to analyzing companies you will directly compete with. If you plan to set up an accounting firm, you will compete with other accounting firms in your area.
If you plan to open a clothing store, you will compete with other clothing retailers in your area. Again, if you run a clothing store you also compete with online retailers, but there is relatively little you can do about that type of competition other than to work hard to compete in other ways: great service, friendly salespeople, convenient hours, truly understanding your customers, etc.
Once you identify your main competitors, answer these questions about each one. And be objective. It's easy to identify weaknesses in your competition, but less easy and a lot less fun to recognize where they may be able to outperform you:. While these questions may seem like a lot of work to answer, in reality the process should be fairly easy. You should already have a feel for the competition's strengths and weaknesses Keep in mind competitive analysis does more than help you understand your competition.
Learn from competitor strengths, take advantage of competitor's weaknesses, and apply the same analysis to your own business plan. It can be tough to predict when and where new competitors may pop up. For starters, regularly search for news on your industry, your products, your services, and your target market.
But there are other ways to predict when competition may follow you into a market. Other people may see the same opportunity you see. Think about your business and your industry, and if the following conditions exist, you may face competition does the road:. In general terms, if serving your market seems easy you can safely assume competitors will enter your market. A good business plan anticipates and accounts for new competitors. Our nearest and only competition is the bike shops in Harrisonburg, VA.
Our next closest competitor is located over miles away. The in-town bike shops will be strong competitors. They are established businesses with excellent reputations. On the other hand, business plan writers new york offer inferior-quality equipment and their location is significantly less convenient.
We do not plan to sell bicycles for at least the first two years of operation. However, sellers of new equipment do indirectly compete with our business since a customer who buys equipment no longer needs to rent equipment.
Later, when we add new equipment sales to our operation, we will face competition from online retailers. We will compete with new equipment retailers through personalized service and targeted marketing to our existing customer base, especially through online initiatives. And so on A common mistake made by entrepreneurs is assuming they will simply "do it better" than any competition. Experienced businesspeople know you will face stiff competition: showing you understand your competition, understand your strengths and weaknesses relative to that competition, and that you understand you will have to adapt and change based on that competition, is critical.
And, even if you do not ever plan to seek financing or bring in investors, you absolutely must know your competition. Your ops plan should detail strategies for managing, staffing, manufacturing, fulfillment, inventory Fortunately, most entrepreneurs have a better handle on their operations plan than on any other aspect of their business. Operations plans should be highly specific to your industry, your market sector, and your customers.
Instead of providing an example like I've done with other sections, use the following to determine the key areas your plan should address:. What do you need to do? How will you get it done? Then create an overview of that plan to make sure your milestones and timeline make sense. Many investors and lenders feel the quality and experience of the management team is one of the most important factors used to evaluate the potential of a new business plan writers new york.
But putting work into the Management Team section will not only benefit people who may read your plan. Addressing your company's needs during implementation will make a major impact on your chances for success.
Joe has over twenty years experience in the cycling business. A complete resume for Mr. Rouleur can be found in the Appendix. Mary was the U. Mountain Biking National Champion. She worked in product development for High Tec frames, creating custom frames and frame modifications for professional cyclists.
She also has extensive customer service and sales experience, having worked for four years as the online manager of Pro Parts Unlimited, an online retailer of high-end cycling equipment and accessories. For example, if you manufacture a product or provide a service and will hire a key skilled employee, describe that employee's credentials. Otherwise, include staffing plans in the Operations section.
One key note: Don't be tempted to add a "name" to your management team in hopes of attracting investors. If you don't have a lot of experience--but are willing to work hard to overcome that lack of experience--don't be tempted to include other people in your plan that will not actually work in the business. If you can't survive without help, that's okay. In fact that's expected; no one does anything worthwhile on their own.
Experience and reputation are great, but action is everything. Financial projections and estimates help entrepreneurs, lenders, and investors or lenders objectively evaluate a company's potential for success. If a business seeks outside funding, providing comprehensive financial reports and analysis is critical.
But most importantly, financial projections tell you whether your business has a chance of being viable--and if not let you know you have more work to do. It's easy to find examples of all of the above. Even the most basic accounting software packages include templates and samples.
You can also find templates in Excel and Google Docs. A quick search like "google docs profit and loss statement" yields plenty of examples. Or you can work with an accountant to create the necessary financial projections and documents.
Certainly feel free to do so While you don't need to be an accountant to run a business, you do need to understand your numbers But ultimately the tools you use to develop your numbers are not as important as whether those numbers are as accurate as possible--and whether those numbers help you decide whether to take the next step and put your business plan into action.
Some business plans include less essential but potentially important information in an Appendix section. You may decide to include, as backup or additional information:. Keep in mind creating an Appendix is usually only necessary if you're seeking financing or hoping to bring in partners or investors.
Initially the distorted book report reading your business plan don't wish to plow through reams and reams of charts, numbers, and backup information. If one does want to dig deeper, fine--he or she can check out the documents in the Appendix.
While you may use your business plan to attract investors, business plan writers new york, suppliers, etc Because ultimately it's your time, your money, and your effort on the line. Be as objective and logical as possible.
Sometimes even the best ideas are simply ahead of their time. Serve as a guide to the business's operations for the first months and sometimes years, creating a blueprint for company leaders to follow.
Communicate the company's purpose and visiondescribe management responsibilities, detail personnel requirements, provide an overview of marketing plans, and evaluate current and future competition in the marketplace. Create the foundation of a financing proposal for investors and lenders to use to evaluate the company.
As you map out your plan, you may discover issues or challenges you had not anticipated. Now let's look at the first section of your business plan: The Executive Summary.Researchers found that venture capitalists, who screen hundreds or thousands of solicitations each year, pay little or no heed to the content of business plans.
That means, the study said, that they pay little attention to the documentation from entrepreneurs about their academic credentials, work or start-up experience, previous success in raising equity capital, ability to form a top-notch management team or even how much money they want.
Smith School of Business, who wrote the study with David A, Kirsch, also an associate professor at the school, and Azi Gera, a doctoral student. That assertion flies in the face of the conventional wisdom that writing a business plan is one of the first and most essential tasks an entrepreneur should undertake, Mr. I am sure it helped a lot with the application.
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