How To Write A Used Car Dealer Business Plan
Firstly the question you need to answer before writing your plan – what is a business plan? Cutting to the quick it is a roadmap for your used car dealer business presenting anyone who gazes as it what the goals of the business are and also shows how those goals should be achieved.
It is a vital tool for raising finance, including – bank overdrafts, loans and venture capital.
The plan should be customized for the would-be lender or the financier. The substance of the plan should exhibit the would-be interests of the lender and promote support for your used car dealer business venture.
Your used car dealer business plan isn’t just for getting you the investment you need – it’s main objective ought to be to indicate the direction in which your used car dealer business is heading.
You must keep your investor’s attention by making the document as reader friendly as possible. Use straightforward, direct language and graphics to illustrate your points. Make sure your wording reflects the assured approach of the management team. Then again, it is advisable to be realistic whilst presenting fiscal forecasts.
Endeavor to make the used car dealer business plan as upbeat as possible but do not shy away from any evident troubles there may well be in setting up your used car dealer business as your backer will more than likely think of them anyway; so if you can get their first and reply to the likely questions before they think of them so much the better.
Make a solid first impression by presenting the article in a clean and professional manner by using an understandable, uncomplicated design that conveys a skilled image and keep away from jargon, keeping the contents concise and hard hitting. Any technical or supporting information should be provided in the appendices.
Keep all the numbers between the main body of the article and your appendices – if you put large sections of figures in the body of your document you’ll distract your backer from the flow of the used car dealer business plan.
If you are creating a new business; it’s important you explain why you came up with the idea to start this new business. Give advantages of your particular products or services that you intend to present to potential clients stating how you plan to get their business. Give details of the market sector whether it is a growing sector or not, give details of your pricing policy and how you intend to sell your goods/services. Highlight any competition out there and how you plan to compete in this lucrative market and make your backer a return on his or her money.
Make apparent the know-how and awards of you and your management team and show how their skills can be harnessed to secure growth potential and profitability. Give information on enrollment requirements including CVs for superior management in the Appendices and, if applicable, an organisation chart to illustrate the management arrangement.