How to Start a Towing Company Business Plan by Francine Richards - Updated September 26, If you are considering a start-up towing company, writing a good business plan should be your first step. The written business plan will help shape your ideas and goals as well as force you to complete research on equipment costs, income potential, insurance requirements, state regulations, competitors and marketing campaigns. A business plan is an essential tool when applying for outside funding such as small business loans and grants.
Our target market is summer visitors to Cape Cod, particularly central Cape Cod. We will be differentiated from competitors in that we will deliver rental bicycles directly to our customers at their motels, campsites, or summer rental residences.
At this point we have assembled a detailed operating plan, including promotional plans. We have arranged access to a station wagon to deliver bicycles and a garage to store them in. We have started to carefully buy used bicycles in excellent quality at very reasonable prices.
Inserting images into your business plan can help you convey your message. Another important differential is that our cost base is dramatically lower than that of our competitors. For one, we are going to buy used bicycles in a very disciplined way to build our rental fleet, whereas our competitors buy new bicycles.
We estimate that we can buy quality used bicycles for approximately half the cost our competitors spend for new bicycles.
We will also have very little labor cost. There are other employees. Bob has ridden bicycles for many years, is handy with tools, and believes he can do most basic bicycle repairs himself.
We will also have very low overhead costs. We will store bicycles in an old garage previously converted from an outhouse on our family property. Bob will use the family station wagon, only paying for gas, to service the business.
Bob also has a good neighbor and friend, Harold Perethian, who runs a large bicycle wholesale business, who lends additional advice and provides wholesale prices for accessories and parts. We expect the business to be highly profitable and for investors to potentially earn back their investment very quickly.
By reinvesting part of our profits from our initial summers, we plan to expand our fleet and increase our advertising, eventually expanding our promotional activity throughout the entire area.
Milestones Complete operating plan developed. Initiate purchase of used bicycles.
Complete purchase of bicycle fleet. Complete delivery of flyers by bicycle to motels and campsites. End of season sale of bicycles being disposed of. Last day of rental operations for season. However, with the average bicycle dealer deriving just 0.Sedibeng Breweries brewery business plan swot analysis.
Sedibeng Breweries is a start-up malt beverage manufacturer in Botswana/5(43). Using the TOWS Matrix TOWS Analysis is a variant of the classic business tool, SWOT Analysis. TOWS and SWOT are acronyms for different arrangements of the words Strengths, Weaknesses, Opportunities and Threats.
Add this article to My Learning Plan. Mark article as Complete. Show Ratings Hide Ratings. Ratings. Rate this resource. Jun 28, · SWOT and TOWS methods are a simple, organized way for a small business owner to develop a plan for the future, so that the business can survive in the long run.
References (4) Peralta Colleges. Do you need a towing truck business plan sample for your intending tow truck business?
If you are about starting a tow truck company and you don’t know the where about of how to draw a tow truck business plan, this post is for you.
Bob Adams takes you through a sample business plan. Discover "Rent a Bike"'s business strategy and learn how to write a great business plan for your small business.
Are you looking for a free business plan template? We have all the materials you need to successfully complete a business plan for your food truck business. Food Truck Business Plan Sample. By Legal Templates • January 4, • Business Plan Samples. Executive Summary.