Scribd
Upload
19 views2 pages

Model Business Plan

Uploaded by

MAO Dumalneg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
19 views2 pages

Model Business Plan

Uploaded by

MAO Dumalneg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Business Planning Example.

doc

Business Plan (Example)


Bob the Mower
Small Town, Montana 59000
Explanation / Executive Summary:
As you know, I live in Small Town. The community has about 25 businesses and a total population of
under 1000. I am seeking to start a grounds keeping business including doing lawn care, yard care and
small snow removal. The business would be home based, using an existing garage as a space in which
to repair and store equipment. My mother, Sally, who works as the secretary in the local school has
received training in bookkeeping so she will keep my books. I plan to set up accounts so I get paid
monthly for doing the work, but I am also prepared to do work “by the job.” I will initially be using
the home phone as I start the business, but I would like to switch to using a cell phone if income
permits. The business does not need to be licensed by the city, county or state, but I will become
approved as an independent contractor as is necessary.

To get started I need to get some equipment. The area where I will be working is not large so I should
be able to get to and from jobs on the same tractor used for the work. I believe I will need Vocational
Rehabilitation to help me get a lawn tractor/mower, a snow plow attachment and, a wagon/cart
attachment.

1. Product or service:
I intend to mow lawns, pick up leaves, remove snow, trim grass, trim bushes, and do generally
requested yard work. I already have a small nursing home, a lawyer’s office a day care center and
seven homes that want me to do work for them. The home yards will take about an hour to up to two
hours to do the grass each week while the businesses will take a lot longer.

My charges are based on how long it takes to do the work. A small yard may only cost $10 while
larger yards will be up to as much as $40 each week. The nursing home wants me to do all their
outside work except for flower beds. They have agreed to pay me $350 per month.

2. Competition & Marketing:


There are no other businesses in town that do this kind of work. From time to time, there are teenagers
who do lawn work, but they do not work year round and they are not as available as a full time person.

The work I will be doing used to be done by a senior citizen named Jake who can no longer do the
work. I can not use his equipment, but I am taking over his clients. Jake says he will help me get
started by giving me advice. Jake says he will also help me get more customers if I have time to do
more work.

3. Cash flow & Financial:


While this business starts and even when it is in operation, I will continue to live on my Social Security
Disability (children’s benefits on fathers account) of about $510 per month. I live with my parents. I
get about $70 in SSI which will probably be discontinued, but even if I don’t get it any more, I will be
able to continue to get Medicare to cover my medical expenses.

Over the first six months, I know I will be able to earn $330 per month doing the houses. The three
businesses will bring in 520.00 per month to start, so I will have $850.00 revenue each month. I won’t
have to pay rent or phones for the business. I will have to pay for gas and insurance. I will have to
save some money for repairs and buying new equipment. I have attached my six months cash flow and
time projections.

Records will be kept by my mother, Sally, who works as the secretary in the local school and has
Business Planning Example.doc – page 2

received training in bookkeeping. She will be keeping my records and doing taxes. The nursing home
will be paying me each month I plan to set up accounts so that I get paid monthly for doing the work,
but I am also prepared to do work “by the job.” When Work is done on a single job, it would be best
to be paid immediately when the job is completed. When paid I will use a receipt book to record the
job I did and the money I get. Any money received and the receipt book will be given to Sally every
day so she can record the income. Expenses including supplies and repairs will be discussed with
Sally to make sure funds are available. Business income and funds will be kept in a separate account
at Cooperative Savings and Loan.

4. Detail of what is required to get the business going:


To get the business started I must have:
1. One Sears Brand item # 071276840000 garden tractor/mower - Cost $2179.99
2. One Dump Utility Wagon / trailer - Northern Tool and Equipment brand
– Cost $620.00 –
3. One Sears brand Snow blower attachment – item # 07124838000 – cost 1,099.99
4. One Sears brand Collection bag system attachment # 07124898000 – cost 349.00
5. Sears brand wheel weights #26234 cost 29.99
Total cost of these items = $4279.97

I will be contributing $500 toward the equipment purchases, making the cost to Vocational
Rehabilitation $ 3779.97. I would specifically like to have Sears brand equipment because we have a
small Sears order store in town and I can get supplies and repair items delivered locally.
The tractor is a basic mower for large areas snow plow and snow blower. The wagon will haul
tools/equipment and will be able to haul the grass clippings or brush.

The above are required because of the size of the jobs and because the work will be year round, doing
yards in the summer and some snow removal in the winter. I already have a Husqvarna self-propelled
walking lawn mower with bag, a Husqvarna gas trimmer, a Huskvarna walk behind snow blower, gas
cans, shovels, rakes, wheelbarrow, garbage cans and other necessary tools.

6. Conclusion:
I believe my business will succeed because I already have customers who will pay me each month. I
also have an advisor/coach who has done this work for these customers in the past. Last of all, I have a
good financial person and advisor.

I will be able to tell if the business is succeeding by whether I am able to do good work for and keep
the customers. I will be able to tell whether or not I am succeeding by whether or not my business
financial account grows each month. After the second or third month, I should have enough money in
the account so that I can take money out of the account for personal income. I want the account to
have about $2,000.00 in it before I start to take any money out. Last of all I will be able to tell if the
business is succeeding by whether or not income is more than my expenses. In the first month it is
believed that my income will exceed general operating expenses by about $600.00. I will be able to
show Vocational Rehabilitation that I am succeeding by sharing copies of my financial records and
bank account.

If I loose accounts and my income does not equal or exceed expenses, the business will not be able to
be continued.

7. Additional documentation:
A letters from businesses like the nursing home
Sheets showing projected income and expenses for 6 months.

You might also like