Email to Kyle and Chad: Preparing a Business Plan
Hello Kyle and Chad:
It was nice to see you at the birthday party this weekend. I enjoyed hearing about how Precision Auto Detailing is doing for you two. As promised, this email is regarding your questions about business plans so that you may have the best opportunity to get a loan for your truck bed liner machine.
A business plan includes a formal statement of Precision Auto Detailing goals, why the company is capable of those goals, and how the company intends to reach the goals. A business plan can ultimately determine the success or the failure of a company (SBA.com, 2011). Stating company goals benefits the company by setting goals for it to reach, while providing lenders and investors the opportunity to evaluate their involvement options in the business. When desiring to reach a significant, difficult goal, it is not uncommon or unnecessary for a business to set goals for more than one year (Small Business Administration, n.d.).
As a builder would not rush into the construction of a building without blueprints, business owners must not rush into new goal setting without a sturdy business plan. (SBA.com, 2011). When you two decide to build your business plan, be sure to include a detailed report that demonstrates the company's objectivity, ways in which management will be effective, and communicate vision. There are many portions to a business plan, but of the most effective and significant are the cover...
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