Business Plan Service Provider

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If Blue Mountain Cycling Rentals plans to market itself as a provider of high-end bikes, describing those bikes--and the sources for those bikes--is important, since "high-end cycling rentals" is intended to be a market differentiation.If the company plans to be the low-cost provider, then describing specific brands of equipment is probably not necessary.Our example is for a tutoring company, but the principles apply to any service based business.

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This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise.In the cycling rental business example we've been using, products and services could be a relatively simple section to complete or it could be fairly involved.It depends on the nature of the products the company plans to rent to customers.Our writers use a business plan structure that has been tested and refined over the past 20 years.So when you hire a Live Plan business plan writer, you'll be maximizing your chances of securing a loan or investment.Also, keep in mind that if a supplier runs out of capacity--or goes out of business altogether--you may not have a sufficient supply to meet your demand.Plan to set up multiple vendor or supplier relationships, and describe those relationships fully.(For example, before there was Federal Express, overnight delivery was a niche business served by small companies.Fed Ex had to define the opportunity for a new, large-scale service and justify why customers needed--and would actually Depending on the nature of your business, your Products and Services section could be very long or relatively short.Or if you plan to sell a commodity readily available in a variety of outlets, the key to your business may not be the commodity itself but your ability to market in a more cost-effective way than your competition.But if you're creating a new product (or service), make sure you thoroughly explain the nature of the product, its uses, and its value, etc.--otherwise your readers will not have enough information to evaluate your business.


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