The business plan for flying services must show what the market need is those flying services and what the average rates would be (shown in a revenue forecast). If you plan to offer flights as a small charter plane in addition to flight lessons, for example, make sure the rates are listed out and use an assumptions table to show your mix of these services. The plan should address how you find new customers and where your business will operate as well as what competitive forces there are in the market. Your business plan should cover the following in detail:
• What experience do you have in the industry so far?
• How do you intend to market flying services to potential buyers?
• What sort of staff do you need?
• How long do you need for start-up?
• What other flying companies are you competing with?
The business plan needs a bio section, so use your resume or work history to describe yourself for the reader. Show in the plan what you (and/or your partners) bring to the table. Include details about the industry in your area and trends nationally that might impact your flying business later on. For the financial model, show five years of revenue and expense estimates -- show sales forecast, break-even analysis, profit and loss statement, balance sheet, and cash flow. Need assistance putting the model together or describing the services or market? Need access to great market research? Call MasterPlans today. Our team of experts can make your plan for you: (877) 453-2011.
