Your business plan is a formal declaration of your professional goals and plans for attaining those goals. It will serve as the blueprint for your commercial laundry business and will be necessary to secure funding if you intend to take out a loan. A good business plan should include:
1. Organization & management structure
Lay out your business’s managerial structure, professional qualifications and background, and your plans for maintaining ownership of the company.2. Description of services
Describe your proposed services in great detail, including any factors that separate your business from similar concepts and potential competition. You should also include a description of any existing, pending, or predicted filings for copyrights or patents related to your business.3. Marketing & sales strategies
Describe how you’re planning to enter the market, strategies for growing your business, channels of distribution and promotion, and how you plan on marketing your business to attract and retain customers. Develop a sales strategy that includes your proposed sales force and projected sales activities.4. Funding proposal
If you will be seeking loans to fund your business, draft up a request that outlines your current financial needs, projected financial requirements, and strategic financial plan. Include a financial projection that details historical financial information (if you’ve been in business before) as well as anticipated earnings and losses for your new business.