Looking for a surfboard business plan, or wondering how to write a document that can secure some funding for your surfboard shop? You will need to present the business plan at a bank for approval on the loan, so your business plan should adhere to the criteria set forth by the Small Business Administration for funding. This includes a careful market analysis (including an assessment of the market need), a detailed marketing strategy and personnel plan, and a complete 3-year financial forecast that weighs your anticipated expenses against the revenues your surf business can probably generate. Don't be afraid to make estimates, but know that the more you can pin your projections to real figures or industry averages, the better off you will be in the presentation. The business plan should be 25-30 pages, including a month by month look at the financials for your first year of operations after you get the funding you need. Other considerations:
What surfboard companies will you compete with (regionally and/or on the national stage)?
How many employees will you need to run the shop?
What is unique about your marketing strategies?
Can you use industry data to support the argument that this is a good time for your business to start?
Who is on your management team?
You should also show when you think break-even will occur and prove that you can maintain a sufficient cash balance over the life of the loan. Don't know what loan terms will be, or what payback terms are acceptable? Contact your bank to get a feel for this. Want help building a working financial model? Call MasterPlans. We have been working with start-up and existing businesses for almost a decade and have prepared thousands of funding-ready business plans with our in-house team of experts. Consultations about your project and price quotes will always be free. Call 877-453-2011 today!
