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Casual Articles - Executive Summary for Business Plans of Franchisees
Don't Let Rattlesnakes Scare You one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning.Recently I was out trail running along the South Fork of the Yuba River. The Yuba River is in a beautiful canyon running east-west through the middle of Sierra Nevada Mountains of California. The terrain here is rocky, hilly and rugged, and is covered with a mixture of pine, oak, and manzanita trees. The view while running this trail is spectacular. You cruise along a path about 100' above the river for miles while moving up and down hills and pounding over soft dirt and large rocks the size of baseballs. The air is very crisp and fresh most of the time here (except like today when we are having one of our many Western US forest fires). While I run these trails, I am always scanning the trail ahead of me. My eyes scan the path a depth of one pace ahead of m We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for E One Way Link Building Can Make Your Site Renowned Writing a business plan for a franchised outlet of a larger company to get funding or find investors is difficult because the franchisor already has a plan which is working, but until you are privy to it upon purchase you actually know relatively few details. The franchisor must keep this information proprietary to insure competitors do not steal the information, but the franchise buyer needs the information to prepare a business plan to get a loan from a bank. Thus a catch 22 exists and is further exacerbated by the fact there are laws against some types of disclosures, which many franchisors due to the litigious nature of franchising do not wish to disclose based on advice from their attorneys. So what do you do? Well, you do the best you can using the UFOC, uniform franchise offering circular or ask the franchisor to send in a business plan directly to your banker who, signs a waiver of non-disclosure and you cannot see it until purchase.With the advancement in the technology, one can notice that it has catered to many people’s business needs and lives in different ways. Link Building is one of the important aspects of an online business. Your business will work with a high speed if you adopt such techniques and methods that can make your business boom. There are two types of link building one is one way link building and other is two way link building or reciprocal link building. One way link building is a link to your site and in return no link is exchanged. This is done due to the reason that your site is very important for you and so its contents. Your contents are important data for your visitors and in this way you are keep a safe hands on the security of your data.Link building is an important Yet if you are seeking private investors they will want to see a business plan and therefore you will have to try to put one together. I have bought 12 books on how to write a business plan with hundreds of complete business plans inside; none of the samples have anything to do with a franchised business. So, below please find a sample of an executive summary, which is the most important part of any business plan and probably for the most part all a banker will read. Some entrepreneurs accuse bankers of not being able to read and I am in that group. I recommend you read this and use it as a model to develop your own executive summary for your franchised business outlet business plan. This particular example was written for a mobile car wash franchise outlet, but serves as a fairly good example for you. - - - - - - - - - - - - - - - The Car Wash Guys of Fairfax, VA is an owner/operator service firm. This will be a franchised business of Car Wash Guys International, Inc. This sole-proprietorship company is in the mobile car wash business. Our mission is to achieve a minimum of 2.5% and a maximum of 10% market penetration while simultaneously uniting the entire community. To reach this goal we will use unique local and regional marketing tools provided by our franchisor who has much experience in this field. Our franchisor has over twenty years of experience in the mobile washing industry. We will purchase from Car Wash Guys International, Inc. a turnkey business for $65,380. This purchase will include: · Truck With Custom Built Truck Body · Portable Car Washing Equipment · Computer, Printer, Business Software · List Of Clientele, Route and Customer Base · Down Payment of Liability Insurance · Down Payment of Medical and Health Insurance · Licensing and Training (80 Hours Total) · Complete Operations Guide Loaned For Franchise Term · Start-Up Supplies (Wax, Soap, Etc.) · Portable Cellular Phone With Credit Card Machine · Uniform Supply for an Entire Crew · Personal Planner with Computer Software Backup · Exclusive Territory · Initial In Depth Marketing Blitz There is a $20,000 franchise fee for joining The Car Wash Guys team that is also provided for in the $65,380 cost. Our target market is anyone owning a dirty car. Our other markets are: · Aircraft Washing · Boat Washing · Fleet Washing · Graffiti Removal · Concrete Cleaning · Industrial High Pressure Washing We will charge $5.00 for a basic exterior wash, $10.00 for an in and out and $37.50 for a mini-detail on cars. Most of our customers will be office workers. Fifteen percent of our business will be small and medium sized fleets with five to one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning. We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for Ea Growing Your Network of People Can be Easy and Fun! il purchase.A few years back when I moved to Charlotte, NC for the first time, I came with high hopes of starting my business for the first time. We picked Charlotte because it was a growing city with a lot of potential. There was a booming down town and cultural events were starting to make their way to the area.I didn’t know a soul in town so I did what any self respecting business professional would do! I opened the Yellow Pages and started calling. I called the first company that listed Public Relations. And literally that was ALL I needed to do! From that one call, I met everyone I needed to in the city and within weeks!What happened was this. The man on the other end of the phone said, “what are you buying or what are you selling?” I said, “neither, I’m a new in Yet if you are seeking private investors they will want to see a business plan and therefore you will have to try to put one together. I have bought 12 books on how to write a business plan with hundreds of complete business plans inside; none of the samples have anything to do with a franchised business. So, below please find a sample of an executive summary, which is the most important part of any business plan and probably for the most part all a banker will read. Some entrepreneurs accuse bankers of not being able to read and I am in that group. I recommend you read this and use it as a model to develop your own executive summary for your franchised business outlet business plan. This particular example was written for a mobile car wash franchise outlet, but serves as a fairly good example for you. - - - - - - - - - - - - - - - The Car Wash Guys of Fairfax, VA is an owner/operator service firm. This will be a franchised business of Car Wash Guys International, Inc. This sole-proprietorship company is in the mobile car wash business. Our mission is to achieve a minimum of 2.5% and a maximum of 10% market penetration while simultaneously uniting the entire community. To reach this goal we will use unique local and regional marketing tools provided by our franchisor who has much experience in this field. Our franchisor has over twenty years of experience in the mobile washing industry. We will purchase from Car Wash Guys International, Inc. a turnkey business for $65,380. This purchase will include: · Truck With Custom Built Truck Body · Portable Car Washing Equipment · Computer, Printer, Business Software · List Of Clientele, Route and Customer Base · Down Payment of Liability Insurance · Down Payment of Medical and Health Insurance · Licensing and Training (80 Hours Total) · Complete Operations Guide Loaned For Franchise Term · Start-Up Supplies (Wax, Soap, Etc.) · Portable Cellular Phone With Credit Card Machine · Uniform Supply for an Entire Crew · Personal Planner with Computer Software Backup · Exclusive Territory · Initial In Depth Marketing Blitz There is a $20,000 franchise fee for joining The Car Wash Guys team that is also provided for in the $65,380 cost. Our target market is anyone owning a dirty car. Our other markets are: · Aircraft Washing · Boat Washing · Fleet Washing · Graffiti Removal · Concrete Cleaning · Industrial High Pressure Washing We will charge $5.00 for a basic exterior wash, $10.00 for an in and out and $37.50 for a mini-detail on cars. Most of our customers will be office workers. Fifteen percent of our business will be small and medium sized fleets with five to one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning. We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for E IT Consulting: Networking Steps This will be a franchised business of Car Wash Guys International, Inc. This sole-proprietorship company is in the mobile car wash business.Starting an IT consulting business requires patience and dedication. The hardest part is often getting new clients. In this article, learn some more of the steps you should take before beginning your IT consulting practice.Step Sixteen: Get Your Networking Contacts into a Follow Up PlanWith every business card you collect, jot down the date that you met them and any relevant notes about them. If you have a follow up request like they said "hey give me a call about that," or "hey call me on Tuesday about setting that up", immediately jump on those.Follow up on the request tomorrow if not sooner. If you can’t follow up with a personal call, send a handwritten note that says you look forward to seeing them again and if you need any help between now and whe Our mission is to achieve a minimum of 2.5% and a maximum of 10% market penetration while simultaneously uniting the entire community. To reach this goal we will use unique local and regional marketing tools provided by our franchisor who has much experience in this field. Our franchisor has over twenty years of experience in the mobile washing industry. We will purchase from Car Wash Guys International, Inc. a turnkey business for $65,380. This purchase will include: · Truck With Custom Built Truck Body · Portable Car Washing Equipment · Computer, Printer, Business Software · List Of Clientele, Route and Customer Base · Down Payment of Liability Insurance · Down Payment of Medical and Health Insurance · Licensing and Training (80 Hours Total) · Complete Operations Guide Loaned For Franchise Term · Start-Up Supplies (Wax, Soap, Etc.) · Portable Cellular Phone With Credit Card Machine · Uniform Supply for an Entire Crew · Personal Planner with Computer Software Backup · Exclusive Territory · Initial In Depth Marketing Blitz There is a $20,000 franchise fee for joining The Car Wash Guys team that is also provided for in the $65,380 cost. Our target market is anyone owning a dirty car. Our other markets are: · Aircraft Washing · Boat Washing · Fleet Washing · Graffiti Removal · Concrete Cleaning · Industrial High Pressure Washing We will charge $5.00 for a basic exterior wash, $10.00 for an in and out and $37.50 for a mini-detail on cars. Most of our customers will be office workers. Fifteen percent of our business will be small and medium sized fleets with five to one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning. We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for E Take the Personal Out of the Workplace: Leave Your Troubles at the Door! rs Total)Bringing your emotional baggage into the work place is inappropriate for all the reasons you may imagine. Yet employees, managers and business owners do it all the time.The question is, how do you handle it? How do you look at your manager and think, "No one is going to tell me what to do!" What if a client, peer or prospect gets you on a Bad Day?How do you take the personal out of the workplace?It requires discrimination and distinction. If you are having communication problems at work, look at how you view your manager, boss or employee. Does he or she represent a parent, mate or partner? Are your frustrations about what is and is not working in your life manifested on the job? Learn to leave your troubles at the door. Decide that what you do in the w · Complete Operations Guide Loaned For Franchise Term · Start-Up Supplies (Wax, Soap, Etc.) · Portable Cellular Phone With Credit Card Machine · Uniform Supply for an Entire Crew · Personal Planner with Computer Software Backup · Exclusive Territory · Initial In Depth Marketing Blitz There is a $20,000 franchise fee for joining The Car Wash Guys team that is also provided for in the $65,380 cost. Our target market is anyone owning a dirty car. Our other markets are: · Aircraft Washing · Boat Washing · Fleet Washing · Graffiti Removal · Concrete Cleaning · Industrial High Pressure Washing We will charge $5.00 for a basic exterior wash, $10.00 for an in and out and $37.50 for a mini-detail on cars. Most of our customers will be office workers. Fifteen percent of our business will be small and medium sized fleets with five to one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning. We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for E How to Design Great Performance Measures one hundred cars, trucks, vans, etc. Twenty percent of our business will be industrial type cleaning.Are you guilty of using the following methods as your approach to measure selection:* brainstorming with your team in a one-hour session during your two-day planning workshop?* trawling the internet or other places to find out what others like you measure?* asking your IT guy or gal what data you have and creating measures from that?* hoping someone will tell you (maybe a consultant or a stakeholder)?These aren't approaches to measure selection. They are just ways to gather ideas for what to measure. None of these methods include any kind of overt and deliberate evaluation of which measures are the best measures. And you're probably wondering why your organisation has so many meaningless measures! Plus, on the flip side, these methods may We will market with other local businesses in a co-op situation. Other marketing will be by doing car wash fundraisers for kids groups. Our car wash crews will wear matching yellow uniforms. They will be clean cut, well spoken, knowledgeable and friendly. We will purchase our products from the franchisor via modem and credit cards for next day U.P.S. delivery. We plan to eventually expand to up to five mobile car wash trucks, each averaging $6,000-$8,000 of gross revenue per month, in the next five years. Our royalties to the franchisor will be $35.00 per day times 21 working days per month ($735.00 per month). Each additional truck will pay $20.00 per day royalties or $420.00 per month. Car Wash Guys International, Inc. will provide the following on going support: ·Training of Managers for Each Truck ·Regional Directors for Trouble Shooting ·Spare Trucks in Case of Break Downs ·Combating Competition (Intensive Program) ·Assistance in Community Support Events ·Free Advise (On Any Operational Matters) ·Updating of Manuals and Computer Programs ·Periodic Newsletter ·Upkeep on Major Contract Bidder’s Lists ·Sales Leads (From Their Direct Mail Program) ·Compilation of Financial Reports ·Assistance in Finding Funding for Additional Mobile Car Wash Trucks and Personal Items (Homes, Cars, Etc.) There are a couple of small time mobile detailers operating in our exclusive territory. Our service, quality and price are much more attractive to our target market. Our operating methods are far superior to that of our current competition. Generally all of the competition listed in the yellow pages as well as those we’ve talked with and observed admit that they have only been in the business a couple of years are not planning on making it a career. Further observations indicate that there is far more than enough business for everyone. Our long-term goal is to wash cars for one out of every ten owners in our town. Ten percent market penetration can be achieved if we follow our franchisor’s system perfectly. We want to be the #1 franchise in the entire system. We plan on renewing our Franchise Agreement every five years at no charge to us. We will remain in good standing with our franchisor and follow their proven methods of operations in order to do this.
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