How to Write a Print Broker Business Plan
Are you thinking of starting your own Print Broker Business? The first thing you'll need is a business plan. The purpose of a business plan is to help secure financing from a bank or other financial institution and to have an official printed document which concretizes your goals, dreams and business aspirations. Quite simply, a business plan is a roadmap to your business' future from a marketing, financial and operational viewpoint.
Remember that your goals must be SMART (specific, measurable, attainable, realistic and time sensitive). Instead of “I want to be rich” which is too vague, not measurable and possibly not realistic, you might consider a goal such as “Within one year my goal is to achieve $100,000 in revenue which I will attain by implementing the marketing plan in this document on a monthly basis.”
To create a winning business plan you must understand the problem you want to solve as a Print Broker before you can work on a solution. This involves strategizing, planning, goal setting, marketing and financial considerations.
This is what your business plan should include:
Begin by developing an executive summary; a recap of your management and marketing strategy for attracting, keeping and multiplying your customer base. Expand upon your management team, their experience, strengths and skills.
What are your sources of funding? How will you use the money and how much of your own money will you be investing in your own printing business? What are your financial projections for the first year through the next 5 years?
Describe your primary business, your vision for doing business as a print broker and a description of your business model.
Give an overview of your business strategy. Where will you locate your business? What legal structure will you put in place? Who will manage the business and how many employees will you have? What about accounting and legal services? How will you protect and use your intellectual property to raise profits. Who is your competition and how will you determine pricing?
Identify your target market and give a recap of the timing ramifications of going into business at this time. How will economic conditions affect your start-up? What are trends in the business marketplace that you can take advantage of and profit from?
The financial section should include a cash flow forecast, projected balance sheet and projected profit and loss statement. Consider outsourcing your printing in order to maximize your print profits. Factoring in wholesale printing from the beginning, will help to accurately predict your projected profits.
Let this outline serve as a springboard for realizing your dreams and putting a plan down on paper to create a successful print broker business and be able to measure your progress year by year according to the financial projections.
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