help with a buisness plan

[88jbody]

I have a rough copy of a buisness plan about 12-15 pages in rough format.

if anyone would help me find what I will need to include in it to obtain finacing to start a buisness loans/ grants. or knows who I can go to for some help would be great.

Not looking for someone to fdo it for me but more proof it and tell me what is missing, needs to be changed ect...

looking to hopefully have finaces in order for spring time.

it will be an auto customizing and performance shop. have a autobody painter/repairer as a partner with me, I licenced tech. and a 3rd partner who is good but not licenced with body work and as well has build some websites ect.. and will probably handle the advertizment as well

[brandon]

Can I suggest you have someone who understands the english language to revise your business plan first?

[88jbody]

don't be an ass please, I am well aware of my grammer and spelling not being the best, why the fuck do you think I asked for help.

and most the mistakes up there are typo's not because I am stupid, but because I am a mechanic and don't spend much time on a computer with no computer training.

but thank you for YOUR helpfull comments :rolleyes:

[chibi_chas]

just go to the bank and ask them what you need , you'll probably be applying fro a CSBL (Canadian Small Business Loan) . Or you could contact BDC (business development canada) @ www.bdc.ca someone will be able to help you out . hopefully this helps out as for obtaining financing for your business venture

[88jbody]

thank you. and if anyone has any info on grants available for new/starting business would be great as well:thumbsup:

[Schwa]

Originally posted by 88jbody
don't be an ass please, I am well aware of my grammer and spelling not being the best, why the fuck do you think I asked for help.



To be fair, you want to make the best possible presentation to the bank, so correct spelling and grammar is only the start.

You want to have a technical and professional tone to your proposal (because that's what it is) and not sound like an English 20 dropout.

[A790]

I can have a look at it for you.

[thrasher22]

Check out the AB gov's business site, has some good pointers, but isn't suuuper in depth. http://www.alis.gov.ab.ca/careershop

Or more specifically, there is a section on business plans on page 19 of this: http://www.alis.gov.ab.ca/pdf/cshop/Self-Employment.pdf

[Mr_John]

I do believe you can hire specialists to help you with your business plan as well. I'm not sure of where or any places that do this service but hopefully you can.

Good luck on your venture. It's good to see that you at LEAST built a plan.

[88jbody]

Originally posted by Schwa


To be fair, you want to make the best possible presentation to the bank, so correct spelling and grammar is only the start.

You want to have a technical and professional tone to your proposal (because that's what it is) and not sound like an English 20 dropout.

again, I had asked for help. do you think I had no intentions of getting help where I am aware I need it? if that was the case the question would not have been asked in the first place. and my word processor has spell and grammar check to help that where my browsed does not.

do not assume that my spelling and grammar on a forum are what I intend to have for a buisness plan, I have months to proof read and check over a buisness plan, where on here I do not proof read.

[88jbody]

Originally posted by A790
I can have a look at it for you.

have you ever made one before? if you have that would be a help, it probably will be a week before I have it all together.

[Schwa]

Just sayin' dude.

"How you do anything is how you do everything"

Good luck w/ your plan.

Care to share a teaser of what you're planning to do?

[Antonito]

Do not rely on spell check and grammar check, they will let you down horribly.

[A790]

Originally posted by 88jbody


have you ever made one before? if you have that would be a help, it probably will be a week before I have it all together.

I've made a few more myself before as well as some for classes that I took in college.

[Brendan_4g63]

some good info here
www.thecalgarynetwork.com
Small biz website for calgary.

[88jbody]

thank you for everyones help. I have a good base and am now expanding it to a point where it will be good enough to use to go to a bank ect...

[Brendan_4g63]

FYI, Banks mostly dont even look at a business plan, its mostly about personal assets to secure loans.
Its a pain in the ass.

[88jbody]

between me and my partner we have about $80,000 in equipment already. and as well as $20,000 cash.

we will have a facility leased before we go to the bank as well.

[canadian_hustla]

Originally posted by Brendan_4g63
FYI, Banks mostly dont even look at a business plan, its mostly about personal assets to secure loans.
Its a pain in the ass.

not true and true

a good business plan will work in your favour when you are applying for business loans at the bank

[A790]

Originally posted by 88jbody
we will have a facility leased before we go to the bank as well.
Probably not a good idea as it will be considered an addition to your obligations. It's better to account for that in your business plan and move forward.

[liquid1010]

Originally posted by A790

Probably not a good idea as it will be considered an addition to your obligations. It's better to account for that in your business plan and move forward.

I disagree, especially in the context of the Calgary economy. One of the first questions that may come up is where will your shop be. Not having a location in place makes people wonder what else you've failed to setup.

[A790]

Originally posted by liquid1010


I disagree, especially in the context of the Calgary economy. One of the first questions that may come up is where will your shop be. Not having a location in place makes people wonder what else you've failed to setup.
I always thought that having several options accounted for in the business plan would be sufficient, but then again, I could be wrong.

The reason being that there's no guarantee of a business loan, and hence you now have a lease with you funds to launch a business in it.

[88jbody]

Well I said in the first post what the general idea of the place will be.

an auto performance and body/customizing shop.

my partner had a large body/mechanical shop before he does paint, body, metal fabrication, welding. and also mechanical

I am a licensed technician with 4 years at a ford dealer, 2.5 years with chrysler, 3 years after market shops and 1 year at a transmission shop. and the last year at western corvette and performance.

we plan to do alot of custom engine swaps, and performance upgrades, body and paint. as well as fabricating engine mounts for engine swaps ect...

[GWAPOGANDA]

Hey i need an autobody to fix my car? how much do u charge?
thanks,mj

[narou]

If you get up and running ill looking into it

[will_e_chill]

congratulations on taking the initiative.

your best bet is to hit up friends and family first. then look for outside financing.

what do you really need the money for? that is what any investor will ask you. you'll have to offer them some kind of return on their investment.

if it is a bank they will want interest on their loan and they will usually make you and your partners personally guarantee the loan.

if it is an private investor, they'll usually want part ownership.

you should talk to banker and a lawyer or any other business people for advice before you dump all you cash into this idea.

good luck with the business.

if you want to chat pm me.

[CLiVE]

If you still need a hand with the business plan, let me know.
I did several for my MBA program in the past, and a few for startup businesses. I can possibly even send some samples/templates from a few of my projects.

Contrary to what others have said in this thread, a good well written business plan goes a long way to helping secure financing.

As an aside, be careful how much you ask for. It is better to ask for more in the first place then to go back to the lender for more later on, thereby weakening their position.

Good luck with everything.

[R!zz0]

Originally posted by 88jbody
I am well aware of my grammer and spelling not being the best, why the fuck do you think I asked for help.


:rofl:

[88jbody]

thanks for the offers everyone! My partner and I are still slowly working out all the details.
getting a list of what equipment we will buy, what we will lease. and pricing them.

setting up an agreement with a local dyno to do our tunning hopefully and one with a shop to do our alignments. I am undergoing the process to get my OPI licence. I should have that by the end of January.

Things are going slower then I would like but right now, but that is fine by me if I end up better prepared in the end