A steamfitters business plan should describe not only your capabilities with steam and plumbing but your market targets for the service. Describe whether you'll charge for your service on an hourly basis or assess a set fee for help. Also, make a list of all problems or installations you can tackle. Can you fix commercial plumbing installations or do you focus on residential clients? Do you plan to warranty your work or offer a follow-up visit to check on the integrity of a water system you've installed from scratch? The business plan should also get into:
• Your planned market segmentation
• The advertising you think you will do
• The personnel plan, if you won't be working alone
• The way you will use initial funding
• The break-even point in your pro forma
The steamfitters business plan should give an overview of the industry, both on a national level and on the state and local level. This information might be available through Dun & Bradstreet or by reviewing the business-specific statistics on Manta or Hoovers. You can also use secondary source material like newspapers or magazines if there are relevant stats about your potential market opportunities in plumbing. You might also benefit from including a marketing strategy that shows what techniques you can use to promote your business (also note whether it will have any union support). MasterPlans can help you here. We will write your entire business plan in just 1-2 weeks. Call us at 877-453-2011.
