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Blue Mountain Cycle Rentals will provide a comprehensive line of bicycles and cycling equipment for all ages and levels of ability.
A business plan is a fundamental tool any startup business needs to have in place prior to beginning its operations.
Usually, banks and venture capital firms make a viable business plan a prerequisite to the investment of funds in a business.
A business plan lays out a written plan from a marketing, financial and operational viewpoint.
Although they're especially useful for new companies, every company should have a business plan.
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.
Goldwater Scholarship Essay Requirements - Eg Of Business Plan
If the company plans to be the low-cost provider, then describing specific brands of equipment is probably not necessary.These manufacturers have a widespread reputation as mid- to high-level quality, unlike equipment typically found in the rental market.Expansion will allow us to move product offerings into new equipment sales.(For example, before there was Federal Express, overnight delivery was a niche business served by small companies.Fed Ex had to define the opportunity for a new, large-scale service and justify why customers needed--and would actually Depending on the nature of your business, your Products and Services section could be very long or relatively short.Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved.Sometimes, a new business plan is prepared for an established business that is moving in a new direction.There are definitely more benefits to creating and sticking to a business plan including being able to think through ideas without putting too much money into them—and, ultimately, losing in the end.A good business plan should outline all the costs and the downfalls of each decision a company makes.Make sure you fully understand the "what" factor; you may run the business, but your products and services are its lifeblood.A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals.