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How to start a construction company in South Africa (2023)
Starting your own business may seem daunting, but it can open new doors and provide newfound financial stability and freedom once you have built an established company. A construction company offers a service that is always required, with ongoing employment opportunities. Here, we discuss how to start a construction company in South Africa .
Although starting your business may seem intimating and complicated, the process can be easily streamlined if you know where to start and what the process entails, including the relevant documents and verifications.
Here, we dissect everything you need to know about how to start a construction company, including how to start a construction company with no experience, how to register a construction company and how much it costs to start a construction company in South Africa.
How to start a construction company in South Africa with no experience?
Starting a construction company with no experience is easier than you may think. The easiest way to approach the process is by doing sufficient market research. Research precisely what documents you need, how to process them and how to navigate funding if required.
Joining any relevant associations to help network will also offer you further information on the process and help if needed.
What do you need to start a construction company in South Africa?
Once you have done the necessary market research, you should first register your company . You need to register it at the Companies And Intellectual Property Commission (CIPC), which will provide you with a company registration number and relevant documents for compliance.
Once that is done, you must register the company for tax with SARS to get an income tax number and tax clearance certificate. Following this, setting up relevant B-BBEE documentation can greatly help your company . You must also register with the CIDB (Construction Industry Development Board) to work in the public sector/apply for tenders.
You can then obtain a Letter of Good Standing, which shows you are registered with the Workman’s Compensation Fund and also shows financial responsibility. You must register with the Department of Labour for COIDA (Compensation for the Occupational Injuries and Diseases Act) to do this.
Finally, you need to register with the National Home Builders Registration Council (NHBRC) to verify that your organisation complies with all of the necessary guidelines and rules to provide services safely for all involved.
What qualifications do you need to start a construction company?
Knowing what qualifications you need to start a construction company in the country may help you feel more at ease. Luckily, you do not need to have any specific degrees or diplomas to begin your own company as an individual.
Still, it does help when discussing why your company is worth working with and investing in through a business plan regarding any possible business and marketing qualifications. As mentioned earlier, you would need to have the relevant legal documentation and certifications as a company before you can operate and obtain tenders.
What certificates are needed for a construction company?
To obtain an official construction certificate in South Africa that shows your company is fully qualified and legally equipped to take on tenders, these are the documents you need:
- COID registration
- An MBSA membership
- VAT registration for your company
- CIDB (Construction Industry Development Board) registration
- A Letter of Good Standing
- B-BBEE affidavit or BEE certificate
- A tax clearance certificate
- NHBRC registration
How much money is enough to start a construction company?
It is estimated that you need a few million Rands, at least, to begin a functional, well-equipped construction company that can provide adequate services. This may be a hefty cost for many individuals. Therefore, knowing how to start a construction company with no money in South Africa may be more helpful.
If you are short on funds, you could turn to investors or potential stakeholders to assist in growing your company. Creating a business plan for a construction company in South Africa will show potential investors how they would benefit from the joint venture professionally.
How to get construction projects in South Africa?
Once you have established a construction company, you may wonder how to implement the next natural step of obtaining clients. After you have registered with the CIDB, they provide business owners with the added benefit of any construction tenders available in your area, which is immensely helpful.
However, keep an eye on any tender advertisements and specifically research any organisations that use construction companies, especially if your niche services can be of use to them.
Knowing how to start a construction company in South Africa helps you streamline the process, saving you time and effort. Thanks to all of the available information about the process online, starting your own construction business has never been easier.
READ ALSO: How to check UIF payout in 2023: Simple steps to check your UIF TERS payment status
If you are struggling to find work, utilising the Unemployment Insurance Fund (UIF) will help you alleviate any financial strain you may be under while in-between jobs.
Briefly.co.za detailed how to check UIF payout in 2023 and the relevant, simple steps you can take to check your UIF TERS payment status.
Source: Briefly News
How to Start a Construction Company
If you’re an experienced contractor, then starting a construction company can be incredibly exciting. However, there are also many tricky, time-consuming steps required for getting a new construction company off the ground.
Like starting any business, you’ll need a solid business plan, funding, and the right team. In construction, you’ll also need a fairly long list of licenses, permits, and unique requirements. We’ll cover everything you need to know about starting a construction business in the guide below.
How Do I Start a Local Construction Company?
The first step to starting a local construction company is establishing a need for your services and finding a gap in the market. Construction can be a highly competitive business, so it’s important to specialize in an area where there is enough demand for your services.
While there’s a lot that goes into starting a local construction company, the process can be broken down into five main steps:
- Perform market research: The first step to starting a construction business is to perform thorough market research. Understand the local construction industry, gather information about your competitors, and establish a unique market positioning for your business.
- Create a business plan: Spend time writing a detailed business plan. This should cover how your business will operate, what your startup costs, operating expenses, and financial projections are, who will run the business, how you will market the business, and so on. This is your roadmap for how you will launch and manage your construction firm.
- Register your business: It’s important to register your business and set up the correct business structure.
- Get all the right licenses: Starting a local construction business requires the right licenses, permits, and insurance. It’s important that you get all of this covered so that your business can operate legally and safely. Some essential licenses, certificates, and legal steps for South African construction businesses include registering with the CIDB and NHBRC, VAT registration, tax clearance certificate, and registering with the CSD.
- Fund your business: Starting a construction business requires capital for equipment, staff, marketing, and getting your business off the ground. You’ll need to use your business plan to help you attract and gain funding.
These are the basic steps to starting a South African construction company. However, it is possible to start small with minimal capital. As long as you have the right team, knowledge, and documents, you can start by taking on small projects and renting any equipment you need.
What Documents are Needed to Start a Construction Company?
When you register your construction company, you’ll need to ensure you are set up with the right documents. This includes:
- COID Registration
- MBSA Membership
- VAT Registration
- CIDB (Construction Industry Development Board) Registration
- Letter of Good Standing
- B-BBEE Affidavit or BEE Certificate
- Tax clearance certificate
- NHBRC Registration
How Much Does it Cost to Start a Construction Company in South Africa?
The cost of your construction company depends on the size of the company and what you will be investing in. It could cost millions if you plan to invest in heavy machinery, vehicles, office space, and a large team. However, if you start small and rent your equipment, it could only cost you a few thousand rands to get your business registered and set up. This will let you start bidding on small construction projects.
Is Owning a Construction Company Profitable?
Owning a construction company can be highly profitable – especially if you are able to win large contracts and tenders. However, construction can also have thin profit margins and tough competition. The profitability of your company depends on the jobs you win and how efficiently your business is able to manage each project.
How Long Does it Take to Get NHBRC Certificate?
Registering at the NHBRC includes various enrolment requirements. While registration can take five working days, there are 16 steps to the registration process, including a test. This means it could take weeks, or even months, to get an NHBRC certificate.
Starting a construction business can be incredibly rewarding. You just need to make sure that you put in enough planning to make it a success. Ensure you meet all of the right legal requirements, and that your team is properly equipped to take on any projects you bid for. The good news is that construction is always taking place, so there is plenty of demand for quality construction services.
Looking for more business inspiration? Check out our complete guide on how to start an agribusiness in South Africa.
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A Free Business Plan Example to Launch Your South African Business This free Business Plan example provides you with a sample business plan as well as guidance on how to write a business plan and important sections to include in your plan.
By Catherine Bristow Scott • May 28, 2019
You're reading Entrepreneur South Africa, an international franchise of Entrepreneur Media.
It pays to plan.
Research conducted by Harvard Business Review found that "entrepreneurs who write formal plans are 16% more likely to achieve viability than the otherwise identical non-planning entrepreneurs."
Simply put, writing a business plan could make the difference between business success and failure – which is why planning now could pay dividends as your business gets off the ground.
But where do you start when writing a business plan? In this comprehensive business plan example, we provide you with what to include in your business plan and a sample business plan to help you to create a compelling plan for your start-up.
1. Executive Summary
If you have seven seconds to make a strong first impression in person, an Executive Summary will be the make-or-break section of your business plan – so make this section count.
As a brief outline of your company's purpose and goals, the Executive Summary should generally take up 1 to 2 pages of your business plan. Some key components to include in your business plan are:
- A company description
- A brief summary of your products or services
- The company objectives
- A short but thorough overview of the market
- A justification for viability, particularly "why now?"
- A snapshot of your business's growth potential
- A short description of the organisation team
- Your marketing plan
- Financial projections
Importantly, your Executive Summary must clearly depict the Problem, the Solution, and carry a sense of timeliness – why now should your business be considered as the solution to solve this problem.
NOTE: The following Business Plan Example is based on a fictional company. Figures will not reflect the exact financials of a similar company.
Example of a Business Plan Executive Summary
Snug Sneakers is a sneaker shoe range based in Cape Town that currently focuses exclusively on selling locally produced men's and women's custom sneakers.
The business was founded by David Smith and Stewart Bruce, who have both been working within the retail industry for over 20 years, David Smith, a serial entrepreneur has also founded successful brands – Creative Caps and women's cycling brand Pedal Power.
The brand is currently selling online, however has also recently diversified to selling in independent shoe shops.
The company is projecting to sell R2 million in year 1 and R8 million in three years' time. Additionally, there are expansion plans within year 2 to set up distribution networks in Johannesburg, and Durban in the early part of year 3.
Both David and Stewart are social entrepreneurs at heart and believe in providing sustainable jobs for impoverished communities.
As such, the company has started a recycling and training academy in Khayelitsha, where consumers can return old sneakers that are then repaired by Khayelitsha residents and donated to those in need of shoes. This also provides learners within the academy with shoe-making and recycling trade skills.
Industry research has shown that, on average SA consumers own 4 pairs of sneakers, with 4 in 4 consumers indicating that shoe fit and sizes vary across brands.
3 in 4 consumers indicated that their number one concern when purchasing is having to "settle' for the best fitting shoe, despite the fit not being 100% correct.
Based on these and additional industry research statistics, the company's sneaker products are driven to provide the best shoe fit, with the tagline of "shoes that fit so good, you'll never go barefoot again.'
The main competition to Snug Sneakers comes from 1 local brand, SuperStars, and 2 overseas brands Sassy Sneakers and Rock Your Sneakers.
Although SuperStars supports sustainable use of local manufacturers, the competitor does not provide custom fit sneakers. Sassy Sneakers and Rock Your Sneakers both offer custom fit sneakers, both brands are manufactured in China and do not promote sustainable, social conscious value propositions.
The primary means of marketing will mainly be focused on digital marketing, through evidence-based approaches, including search engine optimisation, Google Ads, Facebook Advertising as well as utilising social media channels that have proven very popular for the company, including Instagram, Pinterest and Facebook.
The locally sourced raw materials, which include cotton, rubber and leather, will be supplied from a sustainable cotton mill and tannery in the Limpopo Province.
Funding for the company was derived through the 2 founders, as well as private investment.
2. Business Overview and Objectives
Creating an overview of your business when you are already established makes it easier, but it may be a little harder when you're either just starting out or haven't even kicked off your operations yet.
When you're just starting out, think about your products and services as your starting point.
- What will you be providing your market with?
- How will you be sourcing/ producing these items?
- What do you need to have in place before you can start selling your products?
- Who will be distributing/ manufacturing your products?
- Importantly, who will your target market or customer be?
In our example business plan, Snug Sneakers serves both retail and online customers, although the bulk of the business is through their online clientele.
This means that Snug Sneakers will need a secure e-commerce platform and a website that has carefully considered the user journey when buying custom sneakers.
The company will also need employees to assist with technical challenges, customer support, and warehouse staff for the packing and distribution of their products.
Similarly, you would need to consider the following when identifying their business objectives:
- What industry will you operate in?
- Who will be your customer?
- What is the problem that you will be solving?
- How will you solve this problem?
- Where will my business be located?
- What equipment and resources will I need within my business?
- What type of employees do I need?
- How will I differentiate my offering from my competitors?
After answering these questions, you will have a better understanding of what it is that you will be offering and what you need to make it happen. A summary of these points will make up your Business Overview and Objectives for your Business Plan.
Example of a Business Overview and Objectives
Snug Sneakers, based in Cape Town South Africa, is focused on providing sustainable, locally produced custom footwear to South Africa, and internationally through its e-commerce platform and local distributor network.
Founded by entrepreneurs David Smith and Stewart Bruce in December 2017, from Stewart's garage, Snug Sneakers grew exponentially within 1 year from 5 online purchases a month to an average of 200 per month within 12 months.
From the company's rapid growth, it became very clear to the founders that there is a gap in the South African market for locally produced, quality sneakers.
The founders' vision for Snug Sneakers is to become a socially conscious, sustainable brand that supports the South African economy by buying 80% locally produced raw materials.
Additionally, the duo noticed a gap in the market where consumers were looking for custom-fitted shoes and remain loyal to the brand that fit them best. To this end, Snug Sneakers offers a wide range of shoe sizes including quarter and half sizes to ensure that all customers find the right snug fit for their feet.
The overarching philosophy and ethos for the company are:
- "Soul sneakers' that allow customers to purchase sneakers that promote social consciousness.
- "South African sourced' sourcing locally produced raw materials that provide job sustainability.
- Superior sneakers' ensuring that customers still get a high-quality product that outmatches popular brands in workmanship and quality.
Snug Sneakers was registered as a PTY (Ltd) on 1 December 2017. The main directors are David Peter Smith and Stewart Owen Bruce. Company shares are held by the founders.
The company currently operates out of rented commercial property in Blackheath, Cape Town.
Snug Sneakers is currently selling custom sneakers primarily through its online store https://www.snugsneakers.co.za , with market penetration nationally, and highest market penetration in Johannesburg and Cape Town. Sporadic orders have also been received from the USA and the United Kingdom.
The company has also partnered with 3 independent shoe and clothing retailers focused on selling locally-sourced South African apparel.
The company has identified a 2 phased upscaling approach for growing sales and operations:
- Increase online sales by 40% within a 6-month period of 2019
- Increase brick-and-mortar retail partnerships from 2 stores in Cape Town to an additional 4 stores in Johannesburg by year end.
- Increase online sales by 50% by end of year 2020
- Explore opening up a brick-and-mortar store in the Canal Walk Shopping Centre, Cape Town
- Increase brick-and-mortar retail partnerships to include 1 store in Durban.
3. Products and Services
In this section, you will be unpacking your product and services offering, especially your key product differentiation from your competitors. Importantly, in this section you will also need to validate why your product is needed by your customers.
If you have applied for any patents, copyrights, or trademarks, you would also include these in this section.
Products and services that already exist may not need a deep analysis of what they are within your business plan.
However, if you're creating a completely new product or service (if you were the first Uber of the world), carefully detail in this section what your product is about, it's uses and the value it brings to the market so your readers will be able to evaluate the value of your product and services.
Some important aspects to cover include:
- The anticipated timeline to bring your new product to the market.
- What differentiates your product or service from those already available in the market.
- What will your operating costs be and profit margins.
- How will you source/ manufacture your product.
- How will the product be distributed to customers.
Example of Products and Services
Snug Sneakers will provide a line of custom sneakers for both men and women. The main product lines include:
- Casual Range: Everyday sneaker footwear
- Active Range: Active gym range of sneakers
- Fashion Forward Range: Formal but funky range of sneakers
Current pricing of the sneakers as follows:
- Casual Range: R550
- Active Range: R950
- Fashion Forward Range: R850
There are three main competitors that have been identified within the market. These include:
1. SuperStars 40% locally made raw materials, with 60% of the raw materials originating from China. The brand however does not provide custom-fit sneakers.
2. Sassy Sneakers are based in Australia, with the product line produced in China. The company offers custom fit sizes, however customers have to pay extra for the custom fit and product quality is low.
3. Rock Your Sneakers is a US based company, with the product line produced in China. The company offers some custom fit sizes, however the sizes are limited and the product is only available to South African's online and with a long lead time to delivery.
Snug Sneakers products have a unique differentiator within the market:
- A greater range of custom fit sizes ranging from ¼ - to half sizes as well as broad and narrow width ranges.
- The company will be the only brand within South Africa to offer 80% locally manufactured sneakers.
- Quality of the products is superior to the current locally-made competitor, due to locally sourced high-quality raw materials.
The company has also been looking into introducing a line of sneaker care products to assist customers in increasing the longevity of their purchases.
4. Competitive and Market Analysis
Providing evidence that there is demand for your product or service is one of the most critical components of your business plan. Key to this is understanding your market and your competition within that market.
Embarking on market research requires you to have a deep understanding of what your market is and the opportunities inherent within it. You should be able to define:
- Target Market. The types of customers you will be targeting with your product or service.
- Market Need. If there is demand for your products and services and whether this is increasing or declining.
- Competition. The positioning of your competitors in the market and how you will differentiate your offering from them.
- Barriers to Entry. What will prevent someone else from providing the same offering or better.
- Regulation. Regulations that will be applicable to the industry that your business will be operating in.
Example of a Market Analysis
With our initial line of casual, active and fashion forward sneakers, we're looking to target the following consumer segment:
- Age: 16 -36
- Digital Savvy: Researching and shopping online is part of this customer's DNA. The target market is also very active on social media platforms such as Instagram, Pinterest and Facebook.
- On Trend: Fashion forward and looking to illustrate their unique personalities, the target market is always looking for fashion to express their uniqueness.
- Social Consciousness: The target market is proudly South African and are highly conscious of the socio-economic issues and have a keen desire to take part in improving the SA economy, uplifting communities and supporting local initiatives.
According to a Global View Research Marketing Report, the global athletic and leisure footwear market size was valued at USD 67.8 billion in 2017. The report found that this value is expected to expand at a CAGR of over 8.0% from 2018 to 2025.
The ever-growing awareness with regards to the health benefits of sports and fitness activities, as well as an expanding retail e-commerce sector globally, including increasing levels of disposable income amongst millennials are estimated to be the key reasons for increasing market growth in this market.
Additionally, the Global Sneaker Market 2018 Industry Trends and Sales report found that although the global brands reported increased profit margins in 2017, these have decreased by 1.5% from 2016.
On the other hand, independent Sneaker retailers have reported a 15% increase in sales, particularly online, in 2017, indicating that consumers are moving away from global brands to pursue lesser known boutique footwear retailers.
- SuperStars is based in Johannesburg and provides sneakers with 40% locally made raw materials, with 60% of the raw materials originating from China. The brand however does not provide custom-fit sneakers.
- Sassy Sneakers are based in Australia, with the product line produced in China. The company offers custom fit sizes, however customers have to pay extra for the custom fit and product quality is low.
- Rock Your Sneakers is a US based company, with the product line produced in China. The company offers some custom fit sizes, however the sizes are limited and the product is only available to South African's online and with a long lead time to delivery. (Repeated above)
5. Marketing/Sales Strategy
You're on the right track when you have established that there's a market for your product and service and you have identified who your target market is quantifiably, but how will your market segments know to look out for or even buy your product and services?
This is where your marketing and sales strategy comes into play.
A well-defined marketing strategy goes beyond simply advertising your product and service – it includes a deeper understanding of how your customers will view your brand, what is the best way to reach your customers, the benefits that your customer will receive from using your service or buying your product.
Your marketing strategy must also include the budget for your marketing and sales efforts, whether you will require sales staff to sell your products and offer post-sales support, as well as how you will measure your marketing and sales efforts to evaluate their effectiveness.
Example of a Marketing Strategy
- Search Engine Optimisation : Our website pages will be optimised for search engine rankings, with the objective to rank within the top 3 search positions for keywords "custom sneakers", "custom size sneakers" and "custom made sneakers".
- Paid Search : Snug Sneakers will be investing in Google Ads and Facebook Advertising and well as Programmatic Advertising to increase landing page conversion rates.
- Social Media : We will be establishing a targeted social media strategy to increase followers across the social media platforms that have shown the highest engagement with the target market. High frequency posts will be created target at highest engagement times to increase engagement and brand awareness.
- Business Network : We will partner with independent apparel and footwear retailers to drive link building and link sharing both on website and on social media.
Customer Value Proposition and Value Differentiator
Although there is one locally produced sneaker competitor within the market, the founders believe that the customer value proposition being brought to the market is a unique offering and therefore a strong differentiator within the market.
The founders are cognisant that without this differentiator, the only differentiator will be price, which will ultimately have a negative impact on profit margins.
As a unique differentiator and value proposition, Snug Sneakers provides customers with Sneakers with South African Sole, leveraging the Proudly South African heritage and support for local initiatives to help grow South Africa's job economy and promote community upskilling and learnership programmes.
Additionally, Snug Sneakers will ensure that the quality of the products far outweighs those of global brands manufacturing in China. The most important differentiator, however is the ability to custom size shoes to each individual's unique size requirements.
6. Staffing and Operations
Strategy is irrelevant without execution – which is where your Operations Plan comes into play in your business plan. How will you serve your customers, while keeping your operating costs low enough to make sufficient profitability?
Your Operations Plan will detail how you will manufacture, staff, fulfil and stock your products, including your day-to-day operational requirements. Ultimately, this section describes how you will run your business.
Some questions to answer in this section include:
- Where will your operations be based?
- What is your management structure?
- What are your staffing requirements?
- What equipment, facilities and supplies will you need?
- How will you establish your suppliers?
- What will be the operational changes required should your company grow?
- What will your production methods entail?
- How will you service/ deliver goods to customers?
- What regulatory requirements must be in place? (Licences, permits etc.)
- How will you manage your inventory levels?
Example of Staffing and Operations
David Smith is a serial entrepreneur who founded successful and well-known brands Creative Caps and women's cycling apparel Pedal Power.
David graduated from Stellenbosch University with a B Comm in Economics and went on to study an MBA at GIBS Business School. David heads up Snug Sneakers as the Chief Executive Officer (CEO).
Stewart Bruce has worked in the retail industry as a Senior Designer for well-known retail brands, including Puma and Sketchers.
With over 20 years' experience in designing active and casual footwear, as well as sourcing and overseeing materials for the product range, Stewart brings excellent experience to the management mix as Chief Design Officer.
7. Financial Projections
The bottom line counts the most when it comes to writing your business plan.
Without the numbers to prove whether your business will be profitable or not, potential investors or lenders will have a difficult time objectively deciding if your business will be a sound investment.
Aside from persuading potential investors, crucially, the numbers that you have crunched will also indicate whether you have a viable business.
There are five basic reports or cash projections to include in your business plan:
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Operating Budget
- Break-Even Analysis
It's important to come up with credible financial projections for your business to illustrate that it is feasible.
One way to tackle this section is to break down the figures into various components, such as by sales channel or target market segment.
At this stage, you won't be able to supply exact figures, because you're still estimating your future financials, but by breaking down your guesses into components you will be able to determine a more realistic figure for each component, rather than hazarding guesses as a whole.
The business plan should be an ongoing, living document that can be used as your guide for running your business. It requires continuous adjustment as your business changes and grows.
Sales Enablement - Content Division Manager
Catherine Bristow Scott is the Content Division Manager for Entrepreneur South Africa. With specialist expertise in developing SEO content, effective sales enablement content to drive lead generation, as well as digital strategy, Catherine brings an in-depth understanding of developing both written and video content to assist businesses in remaining competitive and growing their revenue.
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Construction Company Business Plan 2 Template
This construction company business plan 2 template has 34 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our construction company business plan 2 template:
[YOUR COMPANY NAME] Business Plan 2012 [YOUR TITLE] [YOUR NAME] [YOUR ADDRESS] [YOUR ADDRESS 2] [YOUR CITY], [YOUR STATE/PROVINCE] [YOUR PHONE NUMBER] [[email protected]]
2,600+ templates & tools to help you start, run & grow your business, all the templates you need to plan, start, organize, manage, finance & grow your business, in one place., templates and tools to manage every aspect of your business., 8 business management modules, in 1 place., document types included.
100 Free Sample Business Plan Templates for Entrepreneurs and Small Businesses
Looking for free sample business plan templates? You’ll find plenty here. For FREE! 🙂
It’s one thing to have brilliant business ideas or be keen to explore interesting business opportunities . But until you have a good business plan, you may never be taken seriously.
The biggest problem most entrepreneurs have with writing a business plan is that they don’t know where or how to start.
If you’re one of those who’s looking for a simple, effortless and straightforward way to write a great business plan, today’s your lucky day!
This article contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan. Just look for a sample that suits your business and tweak it until it’s yours!
Copy, edit and use; it’s that easy!
In my experience, a business plan is not always the long, complex and scary document you think it is. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it.
The list below covers a wide range of businesses. Whether you’re planning for a night club, used car sales, wedding planning or child day care services , you’ll find a business plan sample for any kind of business you can think of.
If in the end, you don’t find a sample plan for the business you want, visit the 500+ Business Plan Samples to see more.
— — — — — —
Your journey starts here; just scroll down the page to see all the plan titles and a summary of the businesses. When you find a sample you like, click on the ‘ Read Full Business Plan ’ link to view the full plan on our affiliate site.
1. Night Club Business Plan
The Spot is a new night club that will focus on attracting the students of State University, with a student population that exceeds 22,000 and growing by 15% each year. The night club will be located one block away from the main campus. Read Full Business Plan
2. Hair & Beauty Salon Business Plan
Trend Setters is a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at an acceptable price, value and relationship. Read Full Business Plan
3. Spa Health Club Business Plan
Visions (VS) is a socially and environmentally conscious health club that is concerned not only with physical beauty but also with mental well being. It is a health club with environmental and social concerns that sets it apart from other clubs; all products used are plant safe and cruelty free. Read Full Business Plan
4. Bed and Breakfast Hotel Business Plan
The long-term goal of Coach House Bed and Breakfast (Coach House) is to become the best choice on Tybee Island, Georgia for temporary lodging by creating a differentiated experience capitalizing on personal service, the historical nature of the Coach House building, and its unique location in one of the most attractive parts of the Old South. Read Full Business Plan
5. Plumbing Business Plan
Water Tubes Plumbing is a plumbing company that has chosen residential new homes as its preferred niche. Water Tubes will be able to handle any service request for plumbing of volume home builds or custom new homes. Read Full Business Plan
6. Painting Contractors Business Plan
Barnum Painters will provide top-quality interior and exterior residential and commercial painting services. The principal officers of Barnum Painters believe that most companies in this industry suffer two major problems : poor scheduling of job projects and poor retention of quality employees. We intend to change the way these are done and excel in both areas. Read Full Business Plan
7. Home Interior Design Business Plan
Hamlin and Park Design will offers a wide range of interior design services to meet any client’s needs in our business area. Our services will include : On-site consultations; Project survey & analysis; Space planning & furniture arrangement; Design concepts; Finishes & furnishings; Custom designs; Purchasing, delivery, & installation; Project coordination & management. Read Full Business Plan
8. Furniture Manufacturer Business Plan
Trestle Creek Cabinets will be formed as a cabinet company specializing in custom cabinets for the high-end residential, resort, and commercial market. Its founders have extensive experience in the construction and cabinet industry. Read Full Business Plan
9. Equipment Rental Sales Business Plan
Equipment Rental, Inc. (ER) is a company that sells and rents heavy equipment such as bulldozers, backhoes, excavators, and trenchers as well as small home use and construction equipment such as tillers, augers, and chain saws. Read Full Business Plan
10. Building Construction Business Plan
Concrete Installation LLC plans to become the leading provider of concrete formwork services in the area. This means always having the best and most efficient facilities, processes, and people. Read Full Business Plan
11. Construction Repair Business Plan
HodgePodge Sealcoating Company is a service provider that offers crack filling and sealcoating to residential customers. Sealcoating protects asphalt driveways by filling the cracks and coating the surface of the driveway, protecting it against the weather. Read Full Business Plan
12. Computer Consulting Business Plan
Calico Computer Consulting shall provide fast and reliable technical assistance to small office computer users. The keys to success for CCC are marketing and networking, responsiveness, quality, and generating repeat customers. The initial primary service offered will be hourly technical aid, although retainer contracts and projects will be considered in the future growth. Read Full Business Plan
13. Wedding Consultant Business Plan
TLC Wedding Consultants is a full service company that provides complete consulting services for weddings , holy unions and anniversaries. Our services include weddings, honeymoons, receptions, anniversary consultations, budget planning, answers to etiquette questions, as well as full-service referrals to florists, hair stylists, entertainers, musicians, etc. Read Full Business Plan
14. Business Consulting Business Plan
Growth Management and Strategies (GMS) is an ambitious innovative new company that is attempting to turn the small business consulting business on its head. With an experienced consultant at the helm as President, GMS intends to grow at more than 50 percent per year through solid customer service, a great sales plan, proven competitive strategies, and a group of people that bring dynamic energy to the company and the sales process. Read Full Business Plan
15. Seminar & Training Business Plan
Advanced Linguistic Pontificators is a leading seminar and training program company led by a best-selling author. Advanced Linguistic Pontificators will be targeting medium- and large-size companies and corporations. Pontificators will quickly reach profitability and achieve $79,000 of net profit by Year Two. Read Full Business Plan
16. Marketing Strategy Consultant Business Plan
The Cambridge Strategy Group (CSG) , is dedicated to providing marketing and management consulting services to small and emerging businesses looking for opportunities to increase their potential for success. Unlike traditional management consulting firms that focus on analyzing problems for large customers, CSG works exclusively with small business clients to develop concrete, practical, short-term action plans that will start moving their businesses in the right direction. Read Full Business Plan
17. Day Care Business Plan
Safe Kids Child Care is a start-up organization that provides day care services to families living in the surburbs of a large city. This mid-sized child care facility serves children from three months to six years of age. Safe Kids’s services are safe and secure, providing the parents with an excellent place where their children can be taken care of. Read Full Business Plan
18. Child Care Business Plan
The Toddler Warehouse is a full-service child care/development facility that cares for toddlers from age three to five. The Toddler Warehouse will be concentrating on the upper end of the market: which is made up of double-income professional parents. Read Full Business Plan
19. Diaper Manufacturer Business Plan
Baby Nappies World plans to enter and penetrate the baby nappies and sanitary pads market. Baby Nappies World is poised to take advantage of the impressive growth rate and minimal local competition in this market. It will have a dedicated and experienced staff, excellent order procurement, and effective management and marketing. Read Full Business Plan
20. Movie Theater Business Plan
The Falls River Theatre will provide the residents of Falls River with a long-awaited, hometown movie theatre. The films shown will be second run releases of the most popular movies in two target markets: families and young adults. Read Full Business Plan
21. Parenting Centre Business Plan
A Mother’s Place is a new company targeted to open in downtown Santa Cruz. We will provide a family-friendly environment with high quality customer service to meet the daily emotional, physical and social well-being needs of mothers, young children and other family members. Read Full Business Plan
22. Recreation Center Business Plan
Play Time for Kids has identified the family entertainment industry as its primary interest and the company has focused its efforts on the development of one or more family entertainment centers (FEC) to provide quality family entertainment activities to the communities in the Our County, Big City area. Read Full Business Plan
23. Tutoring Service Business Plan
Bryan’s Tutoring Service offers a wide range of academic subjects. Sessions can be set up as private or students may form groups for tutoring. Private sessions offer intense individual assistance, but groups sessions can also be beneficial with decreased economic costs and the use of team-based approach that the business program encourages. Read Full Business Plan
24. Educational Software Business Plan
Third Degree I.D. designs, develops, and markets instructional products and services for the corporate, education , government, and healthcare e-learning industries. It provides a core deliverable of programs, courses, and learning objects for the distance education, distributed learning, and e-learning markets. Read Full Business Plan
25. Driving School Business Plan
Markam Driving School (MDS) offers a wide range of driver services. It is ultimately the goal of the company to be a one-stop facility for all driver needs, including registration, licensing, etc., but at this time Markam mainly offers private and commercial driver education in the Seattle, WA area. MDS is positioned as a low-cost facility with excellent service. Read Full Business Plan
26. Computer Software Business Plan
FoodFun Lifeskills Instructional Software (FoodFun LIS) is a start-up organization whose vision is to create the finest education/entertainment software for non-reading individuals with developmental disabilities. The software product is designed and created for the special education industry. It will be constructive by teaching certain lifeskills and will be fun to use, encouraging the student to use it as often as possible. Read Full Business Plan
27. Teachers Employment Agency Business Plan
Teacherafterschooljobs.com is a new job search website that is designed to provide teachers with part-time or seasonal employment, supplementing their current income. The site will be effective in matching educated, mature, responsible educators with employers in need of their part-time or summer assistance. Read Full Business Plan
28. Agriculture Farm Business Plan
Botanical Bounty is working hard to become a leading producer of botanical plants for the natural supplement industry as well as plant nurseries. By leveraging a well thought-out business plan executed by a skilled management team, Botanical Bounty will generate over $216,000 in sales in the next three years. Read Full Business Plan
29. Agriculture Fruit Farm Business Plan
Farmers Group is a company whose mission is to provide high quality, nutritional, and flavourful vegetables and strawberries for consumption in both near and remote areas. Additionally, the company will provide high quality planting materials for use nationwide. Read Full Business Plan
30. Coffee Export Business Plan
Silvera & Sons prepares green Arabica coffee beans grown in Brazil for exportation to American specialty roasters and sells to wholesalers on the Brazilian market. Our coffee stands out from the competition. We prepare the top five percent, in terms of quality standards, of all Arabica beans on the market. Our customers seek this product as it provides them with a point of differentiation to specialty roasters. Read Full Business Plan
31. Wholesale Juice Business Plan
Oasis Juice is planning to expand its operation to include distribution to stores within the entire state. Owner funding and internally generated cash flow will enable most of the expansion plans. The company will also secure a $100,000 short-term loan. Sales projections for the next three years are based on current sales success with the target customer base. This plan will result in sales revenues growing to $1.2 million by Year 2. Read Full Business Plan
32. Feed and Farm Supply Business Plan
Latheethen Feeds , Inc. is a well-established custom feed store. The company is engaged in the production of custom livestock feeds , bird feed, deer feed, and other animal products in relation to livestock animals, pets, etc. Latheethen Feeds, Inc. has recently expanded its production facility (custom mill) and is well-positioned to market its workroom production beyond its present client base. Read Full Business Plan
33. Workout Gym Business Plan
The Mountain Brook Fitness Center is a thriving business-person’s club but is also one of the only family-focused clubs in the Monroe area. Fifty percent of our members are under the age of 45 and have young children. Currently, the center has 900 members. A center membership is $800 a year. The Mountain Brook Fitness Center wants to add an additional 300 members with families over the next three years. Read Full Business Plan
34. Fitness Equipment Business Plan
Circuit Fitness Importing is a start-up business that has become the exclusive importer of the Wega Corporation’s innovative Esercitazione Diritta (Exercise Standing) fitness equipment. Circuit Fitness Importing is poised to receive the exclusive license to sell this patented equipment, already very popular in Europe, in the U.S.A. Read Full Business Plan
35. Martial Arts School Business Plan
Cents and Sensibility will be a value-priced taekwondo martial arts school serving its customers in our community by providing several programs for a variety of purposes, ranging from basic martial arts, to self defense, to esteem and life skills building, and more. Cents and Sensibility Martial Arts School plans to enhance its programs as it expands, developing new programs to ensure the students have as much access to the different aspects of Songahm Taekwondo as possible. Read Full Business Plan
36. Physical Fitness Gym Business Plan
Ladies Only Fitness is a women-only health club that creates a personalized environment for women to pursue their fitness goals. We have the best equipment and the best training program in this arena. We prepare our clients for success because we have the best weight-management program. Positive Lifestyle Systems is a truly responsible and effective weight-management program. We offer this program with confidence. It is unbeatable. Read Full Business Plan
37. Wholesale Bicycle Distributor Business Plan
Wheelie Deals is a wholesale distributor that serves the retail bicycle industry. Wheelie Deals will carve out a focused niche within this industry, providing closeouts, last-year models, and fairly-used bicycles. Currently, most of the large wholesalers will occasionally have a closeout to offer, however, the availability of special deals is spotty. Wheelie Deals will quickly become the #1 source to provide retail shops with above average margins. Read Full Business Plan
38. Clothing Manufacturer Business Plan
New Look is a recent start-up manufacturer of an upscale clothing line targeted at males between the ages of 20 and 40. New Look not only develops the clothing line , but supports it with advertising and promotion campaigns. The company plans to strengthen its partnership with retailers by developing brand awareness. New Look intends to market its line as an alternative to existing clothing lines, and differentiate itself by marketing strategies, exclusiveness, and high brand awareness. Read Full Business Plan
39. Cosmetics Manufacturing Business Plan
Bluespa is a company that has created a brand concept consisting of both skin care and athletic apparel utilizing multiple channels of distribution. We are seeking recurring investment to fund the growth of the brand, and position the company for an IPO. This plan shows how Bluespa will reach profitability in our third year of operation and generate shareholder return on equity within five years. Read Full Business Plan
40. Plastics Recycling Business Plan
The growing utilization of plastics in industrial and consumer applications, combined with increased consumer awareness surrounding solid waste recycling , has led to an increased demand for recycled plastic resins and products. One of the fastest growing types of collected plastic materials for recycling is polyethylene terephthalate (“PET”) from post-consumer beverage and water bottles. Replay Plastics will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. Read Full Business Plan
41. Cleaning Products Business Plan
The marketplace for janitorial products and services is changing, both in nature and scope. The consumer is becoming more conscious of the environmental impact of cleaners as the market expands. ChemSafe offers a innovative line of biodegradable, environmentally safe, citrus cleaners to janitorial services, retail outlets and consumers. The product line includes: Automotive cleaners; Industrial cleaners; Degreasers; Hand cleaners; Odour control; Tar remover; Concrete cleaners; Vehicle wash and wax products. Read Full Business Plan
42. Office Furniture Manufacturer Business Plan
Willamette Furniture helps create pleasant and productive office environments with well-designed furniture that incorporates new technology into the classic office mode in which real people can work happily. We are sensitive to the look and feel of good wood and fine furniture as well as to high-powered personal computing. We always provide the best possible value to our customers who care about quality office environments, and we want every dollar spent with us to be well spent. Read Full Business Plan
43. Remodeling Business Plan
Comgate is a custom mill house specializing in creating architectural woodwork in the form of wall paneling, custom cabinets, and other products for the local residential market. After initial losses and several thin profit years of competitive bidding construction projects, Comgate is creating this business plan in order to bring its mission statement into clearer focus. Prior years were characterized by hectic efforts to bid as many jobs as possible. Margins were thin as pricing policy was “flexible” for fear that there would be insufficient work for production staff. Read Full Business Plan
44. Retail Furniture Manufacturer Business Plan
Producing and selling furniture is a $12 billion industry. The focus of the industry is on the affluent customer who can spend upwards of $3,000 on furniture purchases. In our region, there are fifteen furniture stores that are competing for these customers with deep pockets. Those customers who can’t afford these high prices are left with a poor selection of inferior products. Read Full Business Plan
45. Specialty Gifts Business Plan
Pink Lady Bug Designs LLC (PLBD) is a provider of high-quality, uniquely crafted chocolates, gift baskets and other fine products that are sold for the purpose of raising awareness and funds for women’s health programs. Read Full Business Plan
46. Pharmacy Business Plan
The Discount Pharmacy’s main goal is to provide prescription medications for our customers at the lowest prices on the market. We will be able to sell prescriptions at reduced prices by carefully maintaining efficiencies in our operations and by targeting a specific segment of the market – those customers who pay for their prescription medications themselves. Read Full Business Plan
47. Laboratory Business Plan
Fargo Medical Laboratories (FML) is a start-up company committed to providing the most convenient, friendliest blood testing service to the physicians of the Main Street Professional Building and the surrounding area. Read Full Business Plan
48. Medical Equipment Business Plan
MedNexis, Inc. (the company) is a medical device development company that has designed and patented medical devices which it plans to produce and market. A magnetic muscle stimulator/field generator has been designed with the participation of leading medical personnel and biomedical engineers. One patent is initially incorporated. Read Full Business Plan
49. Real Estate Broker Business Plan
While many people hope one day to purchase their own home, cultural barriers and shortages in affordable housing are just two of the issues that can prevent these dreams from materializing. Reed Properties is working to keep these dreams alive. This new real estate brokerage will not only define success by the number of units closed and sales volume but also by whether people were helped in the process. Read Full Business Plan
50. Bakery Business Plan
Jolly’s Java and Bakery (JJB) is a start-up coffee and bakery retail establishment located in Southwest Washington. JJB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the partners’ industry experience and mild competitive climate in the area. JJB aims to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents and tourists. Read Full Business Plan
51. Catering Business Plan
Sumptuous Cuisine Catering is a local catering company serving both business and private clients within a ten mile radius. Established in 2005, the business has operated a catering kitchen and specialized in full-service catering and event planning for upscale events in the region. The business event management, event staff, a variety of cuisine for breakfasts, lunches, dinners, and appetizers, alcoholic and non-alcoholic beverage service, floral design, space design and decor, musicians and DJs, event equipment and furniture rentals, and other event services. Read Full Business Plan
52. Restaurant Business Plan
New World Delicatessen (NWD) is an eating establishment focusing on heathy, nutritious, and fast food to the local downtown area. The New World Deli will be an upscale deli specializing in a combination of fast hot or cold sandwiches and salads plus specific recipes focusing on the Pacific Northwest cuisine. Based on this distinct menu, New World Deli will follow a differentiation strategy that will provide unique, or hard to find choices to deli patrons. Read Full Business Plan
53. Fast Food Restaurant Business Plan
Fresin Fries is a locally owned fast food outlet that will be positioned as an international franchise through our creative approach to the company’s image and detail presentation. Fresin Fries will provide a combination of excellent food at value pricing, with fun packaging and atmosphere. Fresin Fries is the answer to an increasing demand for snack-type fast food, to be consumed while window shopping and walking around inside a shopping mall. Read Full Business Plan
54. Fine Dining Restaurant Business Plan
Gabri’s Lounge & Restaurant is a 60-seat fine-dining restaurant with a 20 seat lounge. We focus on our New American-Swedish menu with a touch of Asian influence. The menu will be inspired from different countries’ specialties and appeal to a diverse clientele. Read Full Business Plan
55. Food Preparation Business Plan
What’s For Dinner? is an exciting, new business with a unique approach to helping people enjoy home cooked meals with their families. Customers will come to our office location and prepare 12 meals that they pre-select from a menu in a party atmosphere. In two hours, they will have a month’s worth of meals to put in their freezer. Read Full Business Plan
56. Internet Cafe Business Plan
JavaNet , unlike a typical cafe, will provide a unique forum for communication and entertainment through the medium of the Internet. The public wants: (1) access to the methods of communication and volumes of information now available on the Internet, and (2) access at a cost they can afford and in such a way that they aren’t socially, economically, or politically isolated. JavaNet’s goal is to provide the community with a social, educational, entertaining, atmosphere for worldwide communication. Read Full Business Plan
57. Used Auto Sales Business Plan
There is a need in community for a large selection of quality used cars, and Integrity Auto Sales will sell these top-quality used vehicles at a competitive price to customers in the area. The owner and sales manager have over 30 years of combined experience in new and used auto sales. We will continue to develop our excellent working relationship with local dealers and auctions to bring the savings to the customer. Read Full Business Plan
58. Home Accessories and Gifts Business Plan
The Scarlet Tassel is a start-up retail store offering eclectic home accessories and gifts to consumers wanting to create a personalized home environment – that “I’m home” feeling. The Scarlet Tassel plans to cater to middle- and upper-class consumers who look beyond the national home accessory and gift chain stores for those expressions of individual personality and style. Read Full Business Plan
59. Home Decoration Fabrics Business Plan
Interior Views is a retail store offering home decorator fabrics and complementary home accessories and resources. It is now approaching its fifth year in business. This destination store offers the advantages of providing fabrics specifically designed for home decorator use in fabric widths of 54 inches and greater. Over 900 fabrics are available on the floor at any time with more than 10,000 sample fabrics for custom “cut” orders. Read Full Business Plan
60. Gifts, Novelties, Souvenir Business Plan
The Avant-Garde Shop is a retail store specializing in the sale of novelty of various product mix. The store, however, will emphasise the sale of official merchandise of the Avant-Garde brand with a full assortment of apparel, accessories and stationary, as well as other lifestyle related novelties. Read Full Business Plan
61. Gift Basket Business Plan
Basket of Goodies (BOG) is a premier gift basket retailer. BOG is concentrating on making gourmet gift baskets out of a wide range of high-quality ingredients. In addition to having several flagship baskets, BOG will also offer the option of a custom basket allowing the customer to choose the ingredients themselves. Read Full Business Plan
62. Family Clothing Business Plan
ReHabiliments is a clothing and apparel business with located in Sandybar Harbour. The company sells trendy clothing and apparel, such as casual and active wear, head gear, work-out gear, leather coats, and baseball jackets to an international market consisting of individuals of all ages, from all walks of life. Read Full Business Plan
63. Drapery Fabricator Business Plan
Cutting Edge Drapery is a well-established decorators’ workroom. The company is engaged in the production of draperies, slip covers, and other textile products in accordance with the designs and concepts of interior designers. Cutting Edge Drapery has recently expanded its production facilities and is well-positioned to market its workroom production beyond its present client base. Read Full Business Plan
64. Custom-Printed T-Shirts Business Plan
Your T-Shirt! is an exciting new business that allows people to custom design a shirt (specifically the design on the front or back) any way that they would like. By intelligently leveraging cutting edge technology, Your T-Shirt! will harness the power of computer sublimation to allow custom shirt printing in production runs as small as one unit. Read Full Business Plan
65. Convenience Store Business Plan
MillenniumMart is the convenience store of the 21st Century future, fulfilling a need that will continue to exist into the future – the need for speed. MillenniumMart will be the first fully automated, 24 hour convenience store that is more like an enormous dispensing machine than the traditional store. Read Full Business Plan
66. Clothing Retail Business Plan
Mahogany Western Wear is a new apparel store that caters to the African-American cowboy community in Houston, Texas. As our name suggests our focus is to provide western wear apparel and accessories, and position ourselves as the top retail store servicing this particular market. Read Full Business Plan
67. Butcher Shop Business Plan
Parkdale Meats , is a startup specialty butcher shop to be launched in the coming year. It will sell a wide menu of meats to customers including medium- and high-income residents of Parkdale, as well as high-income residents of neighboring towns, and high-end caterers. Read Full Business Plan
68. Cell Phones Retailer Business Plan
Garbles Cellular Phones is taking advantage of an opportunity to become a highly distinguished and recognized leader in the mobile phone communications industry. It is the goal of our company to become established as the leading distributor of wireless communications services in the metro area. Read Full Business Plan
69. Bridal Shop Business Plan
Moms, Maids, and More is a wedding attire shop like no other. While most retail bridal shops focus on selling wedding gowns, our focus is everything else. We will cater to the mothers of the bride and groom, bridesmaids, and flower girls. In addition, we will provide an array of accessories for all the female members of the bridal party. Read Full Business Plan
70. Automotive Car Repair Business Plan
Mad Keen Motors is a family-owned business located in a suburb of London. It has been under the ownership of the Keen family for 35 years and has grown from a single mechanical repair shop to five locations that deal with body and mechanical repairs, vehicle storage and towing, washing and valeting and used car sales. Read Full Business Plan
71. Recycling Waste Materials Business Plan
Mid-Atlantic Recycling’s area of business will be to collect, recycle/compost, and market waste from municipality waste processing plants for use as a consumer good. Our recycled waste will be targeted toward fertilizer manufacturers, nurseries, landscapers, farmers, government agencies, golf courses, and other. Read Full Business Plan
72. Auto Inspectors Business Plan
Portland Mobile Auto Inspectors is a mobile car inspection service for prospective used car buyers practicing due diligence. Portland Mobile Auto Inspectors travels around with all of the necessary test equipment to inspect used cars. Within one to one-and-a-half hours, the inspection is complete and the customer is given a detailed custom printout that indicates the tests performed and the results, thereby indicating the condition of the vehicle. Read Full Business Plan
73. Auto Repair Service Business Plan
Quick and Dirty Auto Repair aims to offer high-quality auto repair services and a full range of auto parts. QDAR focuses on personalized service to its customers by offering convenience and rapid service. Additionally, QDAR is technologically savvy with computerized monitoring of all parts inventory, to ensure that parts are always in stock, while keeping a balanced level of inventory to maximize inventory turnover. Read Full Business Plan
74. Car Wash Business Plan
Soapy Rides will be providing customers with three services: exterior car washing, , interior cleaning, and detailing. Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price alone. Soapy Rides’ ability to provide a high quality service, both in regards to the actual washing as well as customer service is all based on their ability to find the best employees. Read Full Business Plan
75. Carpet and Upholstery Cleaning Services
Like New Carpet Cleaning will sell carpet and upholstery cleaning services to home and condominium owners, building its brand around the fact that it will make carpets look “like new.” To that end, the business will raise $57,500 from outside investors to purchase its delivery van, carpet-cleaning equipment, and develop a unique, service-oriented website which will keep administrative costs low and drive sales through its simple and easy accessibility for the consumer. Read Full Business Plan
76. Catering Company Business Plan
Fressen Catering is a kosher catering company. Fressen offers creative, colorful, and unusual food options for kosher as well as the traditional standbys. The service offerings are quite a change relative to the existing kosher catering market which is quite stagnant. Read Full Business Plan
77. Commercial Photography Business Plan
Flash Commercial Photography will serve small and medium-sized businesses and non-profits for all of their studio photography needs by creating beautiful shots that serve the client’s needs, offering excellent service and flexibility with a personal touch, and offering value-added services related to photography. Read Full Business Plan
78. Computer Repair Business Plan
PC Repair will provide computer and technical consulting (repairs, training, networking and upgrade service) to local small businesses as well as home PC users. The company will focus on marketing, responsiveness, quality, and creating and retaining customer relations. Read Full Business Plan
79. Janitorial Services Business Plan
Clean Office Pros is a new cleaning service specializing in office cleaning and serving the Kansas City, Missouri area. The business will sell office cleaning and related services to businesses with office spaces of any size. The business also offers office cleaning, floor treatment, carpet cleaning, and window cleaning for businesses with office space in the Kansas City area. Read Full Business Plan
80. General Freight Trucking Business Plan
Mike’s Trucking Service is a trucking company that aims to be one of the largest trucking companies in the country. Mike’s is initially focusing on the food industry with plans to diversify into new industries. Mike’s has chosen the trucking industry as the growth prospects are encouraging and stable, with trucking dominating the freight industry in this country. Read Full Business Plan
81. Limousine Taxi Business Plan
San Francisco Limo is a limousine service serving customers with top quality transportation services using late model limousine sedans. San Francisco Limo will generate $52,000 in net profit by year three. Read Full Business Plan
82. Taxi Business Plan
City Taxi is a company whose mission is to provide reliable, timely, and safe taxi cab services by using complete, in-car credit and debit card access, along with computer-aided dispatch. The company will establish its presence in the industry by acquiring an existing taxi cab association, Mighty Cab, a family-owned business that was formed 12 years ago. Read Full Business Plan
83. Used Auto Sales Business Plan
Integrity Auto Sales plans to provide a unique car buying experience to its customers. One that focuses on customer satisfaction first. We understand that vehicle purchasing is a necessary, but sometimes unpleasant experience. Our goal is to provide the customer with an enjoyable, honest service by satisfying individual customers practical transportation needs with a quality product. Read Full Business Plan
84. Personal Event Planning Business Plan
Occasions strives to be the best choice of clients by helping to ease their event planning burden. Through consistent, predictable professionalism, Occasions will ensure a worry and hassle-free event at a reasonable price. By combining old fashioned values, going the extra mile, and using cutting edge event-planning software, Occasions will lead the market, providing the same quality results, every time. Read Full Business Plan
85. Event Planning Business Plan
The Corporate Retreat Professionals (CRP) is an event planning company specializing in corporate customers. CRP will offer two types of services, retreat training services as well as product launch event planning. The retreat training services will be either leadership development training or teaming skills training. For both types of retreats, CRP can take care of the planning of the event, as well as actually hosting the training through the use of one of CRP’s strategic business partners. Read Full Business Plan
To be continued… We will keep updating this list until the world runs out of sample business plans!
And by the way, if you enjoyed reading this article and you’re thinking of raising capital to start or grow your business, you’ll love Jackpot!, one of the most comprehensive guides ever written for raising funds for any type of business, project, or cause.
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About the author: john-paul iwuoha.
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Download a Free Business Plan Template
What is a business plan.
The written plan of goals you want to achieve with your business, and how you want to achieve them, is called a business plan. It is a decision-making tool used when beginning or extending a venture.
Any new business requires a business plan to ensure that the business can make a profit. Fund-seeking entrepreneurs use a formal business plan to convince investors to contribute towards the capital of the business.
Existing businesses – looking to expand or change the business – also use business plans to prospect for new business, attract key employees or deal with suppliers. By revising their business plan regularly, existing companies can devise strategies to manage their companies better.
Most commonly, a business plan is used to apply for a bank loan to fund a business. To learn how to create a business plan for a bank in South Africa, see FNB and Standard Bank’s business plan guidelines. You can also download Standard Bank’s free business plan template in Word or PDF format.
A business plan consists of three primary parts:
- The business concept – details about the industry, the structure of the business, the product or service and the strategy for the success of the business.
- The marketplace section – an analytical description of potential customers and the strategy for achieving success against competitors.
- The financial section – the income and cash flow statement, balance sheet and other financial information.
The length of a business plan varies depending on the nature of the business and the purpose of the business plan. Typically, a business plan is 15 to 20 pages long. It usually details the goals for the business for the next three to five years.
An important part of compiling a business plan is in-depth research into the market and industry. Try to gain as much insight into the market you are targeting by talking to business owners, suppliers, potential customers, existing customers, staff members, business experts, etc. Also, research the industry online.
Business plan format
Although there are several types, the key components of all business plans are essentially the same. The format varies based on who the intended reader of the business plan is. Here is an example of a standard business plan format:
1. Table of Contents (1 page)
The table of contents page should include the correct page numbers of the sections of the business plan. Therefore, it is best to write this page last. In addition to the table of contents page, the plan must also have a cover and a title page.
2. Executive Summary (2 pages)
The purpose of the executive summary of a business plan is to entice the reader to read the rest of the plan. The executive summary is an overview of the key aspects of the plan. It should be compelling but also concise.
The executive summary should include:
- the business concept (a description of the business, product, market and target market);
- key financial aspects (sales, profits, cash flows, investment returns and capital requirements); and
- a short company overview (type of company, date formed, owners and key personnel and achievements).
3. Company Overview (1 – 2 pages)
This section is a high-level overview of the company and the industry in which it operates. It is a description of the business, the product and the industry.
The following should be included in the company overview:
- The name of the company and the type of ownership and registration;
- Details about the business location (address, zoning, reason for choosing location, monthly rentals, etc.)
- Significant assets and financial contributions to the business;
- The mission statement of the business;
- Company objectives and goals;
- The main features of the industry in which the business will operate;
- The most important company strengths and core competencies;
- An explanation of the product, target market and profitability of the plan.
4. The Opportunity, Industry and Market Description (2 – 3 pages)
The research you conducted will come into play in this section. This section offers a detailed explanation of the market and industry and the business’ position therein.
They key is to determine who your target market is through a market analysis. Then clearly explain how your products/services will fulfil the needs of your target market. A market analysis also helps to determine pricing, distribution strategies and growth potential within the industry.
Describe the following:
- The opportunity – the gap in the market;
- The industry – the forces affecting the industry (i.e. obstacles to entry, customers, suppliers, substitute products and competition); and
- The market – insights into the target market (i.e. size, growth and trends).
5. Strategy (1-2 pages)
Detail your positioning strategy and how the business will compete in the chosen market. In other words, what is unique about your product/service and how will the target market benefit from what you have to offer.
6. Business Model Explanation (1 page)
The business model depicts how the business will make money/profit. A business model covers the following aspects:
- Sources of revenue;
- Costs involved in generating the revenue;
- The profitability of the business (revenue minus costs);
- The investment required to get the business up and running; and
- Success factors and assumptions for making the profit model work.
7. Management and Organisation (2 pages)
The biographies of the members of your management team and their roles in the business. Who will be responsible for running the business and why are they well-suited to the task?
This section should include:
- The founders of the company and their qualifications and experience;
- The day-to-day management team and their individual competencies and responsibilities;
- The type of support staff needed to run the business; and
- An organisational chart to show the management hierarchy.
8. Marketing Plan (2 – 3 pages)
The marketing plan is a comprehensive explanation of your marketing strategy. In other words, how will you sell your service/product to your target market?
Your marketing plan should include:
- The value of your product/service to customers;
- A detailed description of the target market;
- How you want your target market to perceive your product/service;
- The pricing strategy for the product/service;
- Sales and distribution channels that will be used to get the product/service to the customer; and
- The promotion strategy (budget, public relations activities, promotions, advertising, etc.).
9. Operational Plan (2 pages)
The operational plan is a description of how the business will function. Include a description of the following:
- The operating cycle – how the business will deliver the service or create and sell the product;
- How skills and materials will be sourced;
- Which tasks will be outsourced and how business relationships will be managed; and
- The cash payment cycle of the business.
10. Financial Plan (3 – 5 pages)
A very important part of any business plan is the financial plan. It is a reasonable projection of the company’s financial future.
A good financial plan will determine how much capital the business needs to launch and/or grow. This section is especially important to potential investors and banks – who will determine the odds for the continued survival of the company based on this information.
A financial plan should include:
- Start-up expenses and capital: What it would cost to start/grow the company and how the money will be generated.
- Profit and loss projections/income statement : Financial sales and expenses projections (i.e. income, cost of goods, gross profit margin, net profit, total expenses, etc.).
- Cash flow projection: Reflects how much cash will be needed to cover expenses and when it will be needed. The cash flow projection amounts to a profit or loss at the end of each month or year.
- A balance sheet: A summary of the business’ equity, assets and liabilities.
- A break-even calculation
Income statements and cash flow projections must be generated for every month of the first year, every quarter of the second year and annually for every year thereafter. The balance sheet is only generated on an annual basis.
Short summaries of the analyses of the income statement, cash flow projection and balance sheet must also be included. Do not include too much detail in this section. Additional projections, charts and calculations must be added to the Appendix.
Additional reference documents are included in the appendix. This could include:
- Brochures and advertising materials;
- Industry studies and market research;
- Plans and blueprints;
- Photos and maps of location;
- Magazine or other articles;
- Detailed lists of equipment owned or to be purchased;
- Copies of leases and contracts;
- Letters of support from future customers;
- List of assets available as collateral for a loan; and/or
- Detailed financial calculations and projections.
Find more business plan examples and templates from Entrepreneur Magazine .
Download a Free Research Proposal Template
Download a Free Project Plan Template
Download a Free Competitor Analysis Template
Download a Free Gap Analysis Template
Download a Free SWOT Analysis Template
Download a Business Case Template
Download a Budget Template (Excel)
Download a Marketing Plan Template
Download a Free Business Proposal Template
Download a Free Company Profile Template
Download an Organogram Template (Organisational Chart)
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PRE-WRITTEN BUSINESS PLANS FOR SOUTH AFRICA (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS
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To purchase the business plans using Visa Card/Master Card click here: Business Plans Store . After you have purchased, you will instantly see the download link for the business plan package on the screen. We will also email you the download link. Click the button below to purchase business plans using Visa Card/ Mastercard.
The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.
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Call/Whatsapp us on +27606334830 for the other payment methods. (Whatsapp us by clicking the link https://wa.me/27606334830 ). Email: [email protected] .
I am extremely pleased with the business plan and financial statements. The business plan is very detailed & it meets my requirements. I feel better equipped with tools that can help me secure funding. I would have no hesitation of recommending your business plans to other people.
The business plan has a highly professional look and feel. The research really helps me look deep into the market that I am targeting, it’s well suited for the South African market. The business plan clearly outlined everything I need to start the business and the costs. It’s now easier to budget and plan. Thank you very much.
The BizBolts poultry business plan led us down the path from start to finish. Contact details of suppliers of key requirements were included in the business plan. It helped us crystallize our strategy, and the business plan was well received by the bank.
The business plan was very helpful, you did a great job of taking ideas and putting them into words as well as pointing out other aspects of the business plan I wouldn’t have thought of. I got funding using your business plan and it’s now 4 months since I started my poultry business, and everything is going well.
Thank you BizBolts for the business plan. I received the business plan immediately after payment, it was money well spent ! I was able to easily edit the business plan. After using the BizBolts business plan, I can wholeheartedly recommend their products and skills.
It is with excitement and pleasure to inform you that I have been successful in securing a loan from my bank. This would not have been possible if not for the BizBolts Business Plan. Thank you for your help, my dreams are now coming true.
Many thanks to the BizBolts team for putting together a fantastic business plan, I could not have done this business plan on my own. I managed to get funding from investors to start my butchery business using your business plan.
About the Business Plans
We decided to introduce the South African business plans after noting that many South Africans were venturing into businesses without a full understanding of the industry, market, how to run the businesses, the risks involved, profitability of the businesses and the costs involved, leading to a high failure rate of the start-ups.
Our business plans will make it easier for you to launch and run a business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the business plans will lay out all the costs involved in setting up and running the business. They are designed uniquely for the South African market.
USES OF THE BUSINESS PLANS (PDF, WORD AND EXCEL)
These business plans can be used for many purposes including:
- Raising capital from investors/friends/relatives
- Applying for a bank loan
- Start-up guide to launch your business
- As a project proposal
- Assessing profitability of the business
- Finding a business partner
- Assessing the initial start-up costs so that you know how much to save
- Manual for current business owners to help in business and strategy formulation
CONTENTS OF THE SOUTH AFRICAN BUSINESS PLANS (PDF, WORD AND EXCEL)
All our pre-written plans include, but not limited to:
- Market Analysis
- Industry Analysis
- 5 Year Automated Financial Statements [ Income statements, cash flow statements, balance sheets, monthly cash flow projections (3 years monthly cash flow projections, the remaining two years annually),break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortisation]
- Marketing Strategy
- Risk Analysis
- SWOT & PEST Analysis
- Operational Requirements
- Operational Strategy
- Why some South Africans in that type of business fail, so that you can avoid their mistakes
- Ways to raise capital to start your business in South Africa
All our agriculture pre-written business plans include technical aspects of how to keep and rear the animals / farm the crops. They also include a mini-directory with contacts which will prove to be helpful in launching and running the business. E.g. for broiler poultry we will provide the contact details for South African suppliers of feeds, equipment, day old chicks, abattoirs, training companies etc)
The Business plan package consist of 4 files
- Business Plan – PDF file (Comprehensive – Between 70-105 pages)
- Business Plan – Editable Word File (Comprehensive – Between 70-105 pages)
- Business Plan Funding Version – Editable Word File (Short version for applying for a loan – between 35-50 pages)
- Business Plan Automated Financial Statements – (Editable Excel file)
The financial statements are automated. This implies that you can change an item eg unit price, and all the other financial statements will automatically adjust to reflect the change.
About The Author
BizBolts (Pty) Ltd is a business research company based in Johannesburg, South Africa. We sell prewritten business plans for various industries including livestock production, crop farming and retail businesses. BizBolts also publishes articles on business ideas, business news, business tips, personal finance, and entrepreneur profiles.
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Construction Business Plan Template
Construction company business plan template.
If you want to start a construction business or expand your current one, you need a business plan.
Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow all types of construction businesses, including commercial construction, building construction and residential construction.
Construction Business Plan Outline: How To Write a Construction Business Plan
Below are links to each section of a construction business plan:
- Executive Summary – The executive summary is the most important part of your business plan. It’s where you explain what your business is and why it will be successful.
- Company Overview – This section of your construction business plan should include a brief business description, your vision and mission statement, and the company’s core values.
- Industry Analysis – This section of your plan will provide an overview of the construction industry, including market size, growth outlook, major players, and competitive landscape.
- Customer Analysis – In this section of your plan, you will identify and describe your target market(s).
- Competitive Analysis – In this section, you will analyze your competitors and explain how you plan to differentiate your company from them.
- Marketing Plan – Your marketing plan should include an overview of your marketing goals, strategies, and tactics.
- Operations Plan – Your operations plan should describe how you will produce your product or service, as well as the people and resources needed to do so.
- Management Team – In this section, you will introduce the members of your management team and their experience and qualifications.
- Financial Plan – Your financial plan should include your financial statements such as the income statement, balance sheet, and cash flow statement.
- Appendix – The appendix of your plan should include any additional supporting materials, such as market research reports, resumes, licenses and permits.
Next Section: Executive Summary >
Construction Business Plan FAQs
What is the easiest way to complete my construction business plan.
Growthink's Ultimate Construction Business Plan Template allows you to quickly and easily complete your Construction Business Plan.
Where Can I Find a Free Construction Business Plan PDF Download?
You can download our construction business plan PDF template here . This is a business plan template you can use in PDF format.
What Is a Construction Business Plan?
A construction business plan provides a snapshot of your construction business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.
Why Do You Need a Construction Business Plan?
The construction industry is tough. If you’re a contractor looking to start a small construction business or construction services company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your construction business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes. As always, we are here to help you write a business plan and guide you through the steps of taking your business idea from dream to reality.
What Are the Sources of Funding for Construction Businesses?
The main sources of funding for a small construction business are bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.
The second most common form of funding for a construction business is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. Venture capitalists will generally not fund a construction business.
How Do You Start a Construction Business?
Please see this article on our website: How to Start a Construction Business
What Are the Keys to Success for a Construction Business?
Below are some of the keys to success in the construction business:
- Vision & Focus: determine the type of construction business you want to operate and stick to that vision.
- Create your business plan: Your plan will help you set goals and outline how to achieve them.
- Get licensed, bonded, and insured: before you can bid on your first job, you need to investigate and meet the requirements for local and state licenses and do what you need to do to secure them, get your worker’s compensation and liability insurance, and find out how much you need to be bonded for.
- Build a winning team: Hire and train a team of employees with the right skills. Remember that since construction is seasonal and cyclical, you must also be willing to downsize if/when the workload decreases.
- Purchase wisely: be careful not to overspend on salaries and equipment. Consider renting equipment when possible.
- Properly price jobs: Keep factors such as overhead and actual production costs (materials, labor, inspections, etc.) in mind when pricing jobs to ensure a healthy profit on all projects.
CONSTRUCTION BUSINESS PLAN OUTLINE
- Construction Business Plan Home
- 1. Executive Summary
- 2. Company Overview
- 3. Industry Analysis
- 4. Customer Analysis
- 5. Competitive Analysis
- 6. Marketing Plan
- 7. Operations Plan
- 8. Management Team
- 9. Financial Plan
- 10. Appendix
- Construction Business Plan Summary
Other Helpful Business Plan Articles & Templates
FREE 32+ Construction Business Plan Templates
In all the stages involved in getting to choose out mutual partners to accomplish your real estate small business plan , or getting to hire out contractors, a construction business plan might be the savior. It helps you in making the essential steps in mapping out a strategic achievement of construction goals. This is accomplished by incorporating project management plan tools available for users’ disposal.
Table of Content
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- A brief history of your construction company
- The customers, suppliers, and needs you have
- A sheet summary of the growth of the company, including financial details
- A brief of your long-term and short-term goals
- Steps on how you will make profits.
- Planning leads to practical and faster achievements in any company
- It foresees the future
- It acts as an added strength to a business action plan for steady growth and prosperity
- It helps one be ready to face any unexpected situation that might crop up.
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10+ Construction Company Profile Template Bundle
20 Construction Business Development Plan Template Bundle
20+ Construction Non-Disclosure Agreement (NDA) Template Bundle
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Construction Lockout/Tagout Plan Template
Roofing Construction Marketing Business Plan Template
Construction Website Content Plan Template
Contractor Business Plan Template for Construction Projects
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BUSINESS PLAN FOR THE SMALL CONSTRUCTION FIRM Management and Planning Series TABLE OF CONTENTS INTRODUCTION A Note on Using This Publication 1 What's in This for You? 1 Why Are You in Business? 1 What Business Are You In? 1
Whether you are just thinking about starting your own firm or have already started it, the business plan can be a great benefit. As your management skills increase so will the number of jobs you can effectively control. The careful completion of this plan may point out problems and limitations of your operation. This is important. To be a successful contractor you must not only know your business thoroughly, but also know your limits and seek professional advice in these areas.
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Construction Company Business Plan
If you have the right knowledge and skills for getting into construction, you might have thought of starting your own construction business at least once.
After all, having your business can give you authority and the freedom to work with your dream clients and it is a lucrative business for sure.
But at the same time starting and running a construction company is no mean feat and takes a lot of work and accountability.
So, to help you through your daily business activities and long-term business goals you’ll need a construction company business plan . A business plan makes your life easier and lets you focus on what really matters in your business.
The US construction industry stood at a market value of 1.36 trillion dollars in 2020 and was expected to decline in 2021. But instead, it experienced a wave of recovery and continues to grow even now.
The major reason for the growth of the construction sector is the resumption of construction projects, be they residential or commercial. Also, new projects keep coming up due to the rapid urbanization and increasing need for space all around the country.
However, before you dive right into it, you should plan it, down to the last detail. A business plan would help you in avoiding roadblocks and failures. It would act as a guide that would help your company rise as high as the skyscrapers you build.
If the above idea sounds interesting, read on to find out how a business plan can help you and how to write a construction company business plan.
Things to Consider Before Writing a Construction Company Business Plan
Get the necessary licenses and permits.
A construction business requires several permits depending upon the state you are working in and a few documents that are common all over the country. The main reason behind this is the nature of the work that requires proper attention to safety requirements.
Figure out the safety requirements
Get the right workforce and equipment, know your target audience, how can a construction business plan help you.
Though you might believe that having the right knowledge of equipment and personnel is the only thing important for running a construction business, good business practices and a proper business plan are equally important.
A business plan can help you in planning your finances, organizing your business structure, having a hassle-free operational strategy, and knowing your customers better. All in all, it can make your life less chaotic and run your business smoother and easier.
So if you want to conduct your business smoothly, read on to find out how to write a business plan.
Write Your Business Plan
A good construction business plan consists of several different aspects that are common to all business plans and several that are specific to a construction business.
And though writing a business plan might seem like a time-consuming process initially, it can save you a lot of time and trouble later on. To write a well-rounded business plan you can either use a premade template or an online business plan software, that would help you write a flexible and dynamic plan.
Before you start writing your business plan for your new construction company, spend as much time as you can reading through some samples of real estate business plan templates .
Our sample construction company business plan can help you with writing a well-rounded business plan for your business. It can act as a guide and prevent you from getting stuck in a certain section for too long.
Construction business plan outline
This is the standard construction company business plan outline which will cover all important sections that you should include in your business plan.
- Mission Statement
- Management and Personnel
- Business Overview
- Industry Analysis
- Market Trends
- Business Fit in the Industry
- Management and Organizational
- Hiring Plan
- Risk Management
- Accounts Payable
- Description of Product and Services
- Life Cycles/Seasonality
- Price/Quality Relationship
- Promotional Strategies
- Projected Profit and Loss
- Projected Cash Flow
- Projected Balance Sheet
What to Include in a Construction Business Plan?
A good construction business plan consists of several sections, the major ones are as follows:
1. Executive Summary
The executive summary section forms the first page of your business plan and is the most important one to get you funded.
It consists of an overview of all the major sections of your business plan and a good executive summary would help you win an investor’s confidence and get your business funded.
It summarises the following sections:
2. Mission Statement
A clear and concise mission statement helps your clients resonate with your company and business idea. It gives out a clear message of what values you stand for as a company. Hence, writing a good mission statement is important for the success of your business.
It would consist of the following sub-segments:
- Goals and objectives
3. Market Analysis
Analyzing the market comes in handy while making several business decisions as it helps you in knowing the market and the industry better. It helps you in understanding the pitfalls of your business, its strengths as well as what your competitors are doing.
It would consist of the following subsections:
- Market Segmentation
4. Management and Organizational Structure
This section would include details about your company’s organizational structure as well as the levels of management of your firm. You must also include your firm’s work as well as the roles and responsibilities of your team members in this segment.
For example, you should include which person is responsible for onboarding clients, who are responsible for dealing with architects and hiring construction workers, who are responsible for overlooking the construction process, etc.
- Organizational Management
- Record keeping
- Risk management
- Hiring plan
5. Marketing Plan
A good marketing strategy makes you memorable for your clients. It helps you reach out to your target audience , creates a brand image, and makes you stand out from your competitors.
A well-rounded marketing plan consists of the following sub-segments:
- Description of services
- Marketing strategy
- Advertising strategy
- Sales strategy
6. Financial Plan
A good financial plan is key to running a successful and profitable business. One cannot emphasize enough on planning your finances in the initial stages of your business, it helps you immensely as your business experiences growth or setbacks.
A financial plan decides the measure of your business’s success, and a good one consists of the following aspects:
- Projected profit and loss
- Projected balance sheet
- Projected cash flow
Construction Business Plan Summary
In conclusion, a good business plan can help your construction company prosper. It can help you deal with all the hiccups your business goes through and set out a clear road map for your business journey. So, if you want to start a construction company go ahead and start planning.
After getting started with Upmetrics , you can copy this construction business plan example into your business plan and modify the required information and download your construction company business plan pdf or doc file. It’s the fastest and easiest way to start writing your business plan.
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BRICS summit 2023 agenda: What major issues will likely be discussed?
A view of logo of New Development Bank (NDB) at its headquarters in Shanghai, China July 10, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights
JOHANNESBURG, Aug 18 (Reuters) - The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of state and government summit in Johannesburg from Aug. 22-24.
South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazil's President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi are expected to attend.
Russian President Vladimir Putin will not attend in person due to an arrest warrant issued by the International Criminal Court for alleged war crimes in Ukraine. Putin will participate in the summit virtually and will be represented in Johannesburg by Foreign Minister Sergei Lavrov.
Few details have emerged about what they plan to discuss, but here are some of the key issues expected to be on the agenda.
The leaders are divided over the expansion of the bloc by adding new members, including the admission criteria.
Over 40 countries, including Saudi Arabia, Iran, United Arab Emirates, Argentina, Indonesia, Egypt and Ethiopia, have expressed interest in joining BRICS, according to South Africa.
China, seeking to expand its influence as it tussles with the United States over trade and geopolitics, supports BRICS expansion, while Brazil is sceptical .
Russia, hoping to overcome its diplomatic isolation over the Ukraine war, is keen to bring in new members, as is South Africa. India is undecided.
The group is also expected to discuss how to boost local currency fundraising and lending within the New Development Bank (NDB), or so-called BRICS bank. Local currency use will help de-risk the impact of foreign exchange fluctuations, South Africa's Finance Minister Enoch Godongwana said.
The dollar has gained against emerging market currencies since Russia invaded Ukraine and the Federal Reserve began raising interest rates to fight inflation in early 2022, making dollar debt more costly for those countries to service.
While the NDB, which was established in 2015, is still looking at the potential use of alternative currencies, there will be no talk about a common BRICS currency during the summit, South Africa's senior BRICS diplomat said.
The NDB is also expanding and the summit could become a key platform to attract more member countries. Bangladesh, the United Arab Emirates and Egypt have joined the bank since 2021. Uruguay is part way through the process of joining, while Algeria, Honduras, Zimbabwe and Saudi Arabia have expressed interest.
The leaders are also likely to discuss how they can improve economic ties between their diverse economies.
They are expected to engage in a series of discussions about trade and investment opportunities in sectors ranging from energy cooperation and infrastructure development to digital economy and the job market.
'FRIENDS OF BRICS'
The last day of the summit is expected to focus on talks with leaders from other countries. Invitations to attend the summit were extended to 67 leaders across Africa, Latin America, Asia and the Caribbean, South African Foreign Minister Naledi Pandor said.
France had expressed interest in President Emmanuel Macron joining the summit, but Russia was opposed to this because of French support for Ukraine against the Russian invasion. Macron was not invited.
Particular attention will also be paid to the relationship between BRICS and African countries to tie in with the summit's theme of "BRICS and Africa", Pandor said, adding that BRICS partners were eager to explore opportunities to benefit from the African Continental Free Trade Area.
Reporting by Anait Miridzhanian; Editing by Olivia Kumwenda-Mtambo, Tim Cocks and Nick Macfie
Our Standards: The Thomson Reuters Trust Principles.
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