Every business needs to have a written business plan. But, how do you write a business plan? Company description — describes what you do.
Here's an executive summary example: Terra Engineering Executive Summary Terra Engineering Terra Engineering is a new company that will provide high quality technical and environmental engineering services to its clients.
Terra Engineering is scheduled to begin operations on July 16, Terra Engineering will provide a wide array of environmental consulting services to its market which includes: Terra Engineering will target small to medium sized companies and government organizations within the Southern part of Michigan including Detroit and surrounding areas as well as Southern Ontario.
Terra Engineering will seek major contracts with medium sized firms. Those contracts will be serviced with the assistance of strategic alliances, both with other engineering companies such as Randolf and Associates and Barnard and Barry Environmental, as well as other professional groups.
The environmental industry in Southern Michigan and Southern Ontario is an evolving sector which is comprised of companies and organizations that provide environmental technologies or goods and services which: In total, the environmental industry is represented by over 9, firms which range from one person operations to large multi-national firms.
This industry is a large employer of a highly skilled and productive workforce. It is estimated that approximatelyworkers are employed within this industry which is 1. Overall, the environmental industry and Southern Michigan and Southern Ontario is a growing one.
Market drivers in the environmental industry include such pressures as: Today, citizens, governments, businesses, lenders, investors, and organizations are becoming more aware of and placing more pressure on the importance of a healthy environment.
As a result, there is a growing demand for environmentally sound processes and solutions to possible present and future problems.
The entire market has identified the increasing demand for environmental services since similar driving forces as the mainstream market have taken effect.
This is due to a number of key factors such as: The company's knowledge and awareness of the driving forces behind the increasing demand for environmental services like Terra Engineering by it's municipal and community markets will remain invaluable. Presently, the need for environmentally specialized firms and businesses to fulfill this need is apparent and has become increasingly large.
Terra Engineering will differentiate its company in the marketplace in 3 specific ways; the owners, Norm Johnson and Rupert Smith have been employed in the environmental industry for over 20 years and have unmatchable skills and knowledge of the industry; centralized location to the company's target market allows for full market reach and serviceability and a vision of growth for the company's market that will enable the application of contemporary tools to determine solutions for the surrounding areas.
Terra Engineering's sales strategy is three tiered. Thirdly, the company plans to aggressively promote its services with a higher profit margins to allow for maximized profits. It the first year of operations, Terra Engineering plans on breaking even.
In years two and three the company will become more profitable as contracts and clientele increase and as the company learns to become more efficient in operations. The initial start up expense for Terra Engineering include: Capital funds will be used to purchase building improvements, specialized field equipment software, and technical field equipment.
Marketing funds will be used for trade show booth design, trade show attendance, company apparel and various print materials and advertisements. Business support funds will be utilized to hire an accountant.
In order to properly fund the start up of Terra Engineering, the financing package consists of personal equity, federal assistance and traditional borrowing. Our engineering services are top quality and will be of great benefits to our buyers.
We know our company will succeed. We plan on selling to those companies that need engineering services in the environmental field. Based on our research, there are plenty of businesses who are need of the types of services we offer.
The need for companies to adopt certain environmental services is clear. It will allow them to regain control of their environmental operations including date and records management. This will provide a solid future and aid in the growth of the business.
The business will be based on a value based business model the sole intent to help all environmental businesses in the regional area. It is our belief that a portion of the profits for individual contracts to be re-invested in the poorer communities in the area.
These re-investments can be to improve the relationships we have with those communities. With my experience in the environmental field, I believe this organization will succeed and the staff to be employed with us will have all the extensive experience and expertise to get the job done.
While with these organizations I have also gained an extensive network of contacts in the regional communities and they have come to trust my abilities and honest approach to environmental services.
We plan to be a corporation.
Conclusion If you look at the bad example, there is no substance whatsoever.Assessing if the potential gain to your business from the project (high profile client or long-term repeat business) is worth the risk of underestimating and going over budget Trying to confirm a ball park budget range with the client so you can estimate realistically, or politely decline if far too low.
A floor plan is a scaled diagram of a room or building viewed from above. The floor plan may depict an entire building, one floor of a building, or a single room.
It may also include measurements, furniture, appliances, or anything else necessary to the purpose of the plan. Jan 30, · Whether you’re starting or growing your business, you need a business plan.
Your plan will provide the roadmap to achieve the success you want. Greg Fisher, PhD, is an Assistant Professor in the Management & Entrepreneurship Department at the Kelley School of Business, Indiana srmvision.com teaches courses on Strategy, Entrepreneurship, and Turnaround Management. Dear Twitpic Community - thank you for all the wonderful photos you have taken over the years.
We have now placed Twitpic in an archived state. Filed under: Business Model versus Business Plan, Corporate/Gov't Innovation, It taught lean theory (business model design, customer development and agile engineering) and practice.
Every week, each student team stood in front of the class and presented their business model hypotheses, what they had learned from talking to customers, demo.