When To Start Planning Your Oven Cleaning Business
All businesses should be well planned, documented and forecasted before any trading is commenced; oven cleaning service companies are certainly no exception. They should have a sturdy business plan in place that is simple to understand, contain all of the right information, be segmented into workable ‘bite-sized’ chunks and the financial section ought to show profits well before the working capital runs dry.
There should be clearly defined strategies and contingency measures in place to cover any and all eventualities during the lifespan of the business, which will involve calculating the cost of insuring the business. And where there is more than one person involved in the business, a good plan will have clearly defined roles for all concerned from day one through to any proposed expansion, right along to the point where the business is sold or closed.
Why Have An Oven Cleaning Business Plan?
Having a well-produced business plan for an oven cleaning business before getting started can help to secure any lending or borrowing that could be needed to get the business off the ground.
There aren’t many (if any) lenders who will hand over a business loan without seeing how their money is going to be repaid and how long this might take. And it’s worth noting that, if loans or other borrowing are needed, then the lowest rates of interest and more favourable terms will generally be charged by the more savvy lenders, who’ll have a keen eye for detail when going through a business plan.
But it isn’t just about the all-important business finances. A clear business plan can help to arrange loose thoughts and ideas into some semblance of order so that you can clearly see the goals and targets that you’ve set for your oven cleaning business over the years.
A well-drafted plan will form the framework of your business so that you can refer back to it whenever you need to remind yourself of what progress you’re making and the targets you set.
What information do you need in an oven cleaning business plan?
At its core, your business plan should set out how you intend to run your business, the projected milestones ahead, who the business will include (as well as what role they’ll play) and how the financial side will be managed. There are no hard rules on how to structure a business plan, but often it helps to open with an executive summary that quickly sums up the purpose of your business, who you’ll be serving, your team and the highlights of your financial forecast. Once you’ve laid out the basics you can start going into the kind of close detail that will convince a bank or lender to give you the backing you’ll need to get started.
Your completed oven cleaning business plan should show that you’ve considered how your business fits into the overall market you’re entering, as well as the segment of the market you’ll be targeting. It’s also wise to show that you’ve considered how you might grow in the future and show that you’ve got a plan in place for handling your sales and marketing. Most importantly, you should be able to show that you have a sound financial plan which takes into account all your expenses and projected sales; you need to prove that your oven cleaning business will make money.
Benefits of having an oven cleaning business plan
Here’s a quick reminder of why having an oven cleaning business plan in place so important:
- It can help you if any lending or borrowing is needed.
- Your business objectives and strategies are clearly defined and written down.
- You can keep track of your business goals and targets.
- You can quickly identify times to ask for help
- Learn how to be pro-active rather than reactive.
Our Oven Cleaning Business Plan
The Ovenu Business Model has been proven to work for over 25 years. Ours is a tried, tested and trusted oven cleaning franchise that answers the questions you’ll inevitably have when it comes to putting together an oven cleaning business plan. We have the industry experience to make business planning a smooth process, and also backup our knowledge with an equally important digital framework that helps new business owners run their Ovenu Territory successfully and profitably.
Our Business Model includes information about:
- What your Ovenu business will do – the service you’ll offer and to whom
- Your target clients and others operating in the sector
- A clearly defined territory – geo-demographically adjusted to maximise potential
- How you’ll use automated sales & marketing systems to generate leads
- How to work out projected sales and profit forecasts
Ovenu has helped hundreds of entrepreneurial-minded people build a profitable oven cleaning business that provides an incredibly competitive income and the freedom of organising their own working week, not to mention the opportunity to expand into wider territories.
Register your interest or call us on 01189 743911 for a free consultation, to see how your business idea could turn into a reality.