Startup Guide: Creating a Business Plan

Nowadays most experts will advise you to create a business plan before you choose to take the risks which are associated with beginning a company. A laundromat is typically a little more complicated than other small business models so the need for research, planning and a clear direction are even more essential for entrepreneurs entering the coin operated laundry industry.

A laundromat business plan will help you to prove to yourself that your ideas are viable. With a plan in place you will be able to set clear goals and map out a path towards achieving them in an organized manner.

A sound business plan may become essential if you have to show it to financiers or investors prior to getting the startup funds that you need. Feel free to use it as a template as you proceed to put your own plan together. Your plan should be set out neatly in a folder with a cover that outlines what the report is about and who contributed to it.

Startup Guide_ Creating a Business Plan

It is likely that many different parties will read your plan so you may consider attaching a cover letter to each one that addresses the reader specifically, highlighting the concerns that they will have. In case the plan is any more than a number of pages you need to include a table of contents.

Give the reader a brief introduction to your business plan and summarize each of the sections in the plan. While not necessary, some companies want to set out a mission statement that summarizes their purpose or business philosophy.

Readers may want to know what your qualifications are and if you have had any experience in business or in the coin laundry industry.

If your planning has been in progress for a while then you might want to update the reader on what stage you are at. If you are considering purchasing an existing laundromat then you will want to outline the history of the business in this section too.

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