A mechanical contracting business plan should drive right to the heart of what your business is capable of offering. What would someone contract with you for? Can you deliver specialty equipment for a client company or help with a build-out? Can you minimize the impact of workflow disruptions by offering up mechanical professionals as staffing help? There are more types of mechanical contracting service than you can count, so be clear about what your service suite is and what the value proposition behind it is. From there, answer these questions:
• What is your geographic area of operations?
• How many businesses are there in your target market?
• Who are your primary competitors in this space?
• What employees do you have and how many more will you need?
• Can you outline your funding needs?
The business plan for a mechanical contracting business should have a financial model that shows precisely which categories you will dedicate funding to (start-up summary or use of funds) in addition to a highlights table that gives an overview of your potential revenue benchmarks. The complete model will need a revenue forecast, break-even analysis, profit and loss statement, cash flow, and balance sheet. A sensitivity analysis, assumptions table, ratios sheet, and monthly snapshot for Year 1 are all good ideas as well. If you need help researching the mechanical contracting market or want to outsource the headache of the financial model, you should call MasterPlans. We have been writing client business plans since 2002 and have successfully delivered more than 10,000 unique plans to date. Call 877-453-2011.
