How Do I Write a Business Plan for an Errand Business?
Business plans are the backbone of any successful business. In order for any business to get started (or remain) on the right foot, you will need to prepare a solid business plan that lays out the fundamental elements of a business, including the description of the business and its marketing and financial plans. Creating a business plan for an errand business will be beneficial, because the plan will allow you to see your business's purpose and any other areas in which you can expand or improve it.
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Instructions
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Look at a business plan for another business to get the general concept. For an errand business, you will set your plan up a little differently, because plans vary depending upon the type of business. See resource 1 to see a business plan.
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Create a cover sheet for your business plan. Include the name of your business, the name of the person in the highest position, the business's address and the date.
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Write your business's statement of purpose. This is the reason you have started your business and why you are writing a business plan. For instance, if you are applying for a loan, state why you are applying for the loan and specific examples of how you would use the money. For an errand business, you may want to state that you would like a loan to purchase a vehicle to use to deliver groceries (if delivering groceries is part of your errand business).
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Write about the business, and include every aspect. First, describe what the business is and what it is suppose to accomplish. Writing "errand business" is not enough. You need to describe exactly what kinds of errands you plan on running, and for whom you are running them.
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Describe how many positions the business requires. Add the number of employees and their job descriptions, such as "driver of errand car" or "assistant to head of business." Be thorough about their descriptions, and do not forget to include your own position within the business.
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Describe how you can and have marketed your business (such as car decals, a direct mail campaign or a radio or television commercial), and how it is operated. Include any information about competing errand businesses and how yours is different, as well as a small section dedicated to any business insurance you have.
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Document pertinent financial information, including the analysis of income. For the first year of your business, include monthly summaries of your finances; the second year, only summarize every quarter. Also document any loan applications and balance sheets. If you are running errands for different families, be sure to keep up-to-date records of payments, including a client list, payment amounts and the exact dates you received payment. Cite whether or not you were paid in advance.
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Document all other important information, including any leasing agreements (if your errand business is out of a leased building), resumes of all applicants (regardless of whether or not they received the position) and copies of any licenses that you have obtained for the business (such as a driver's license if your errand business requires your car, and any other legal information proving the car is yours).
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References
Resources
- Photo Credit business image by peter Hires Images from Fotolia.com
