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.

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.

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Just select “service” as your industry when you register. Futurpreneur Canada’s Start-Up Program takes your passion and turns it into a reality.

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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.

We will also explore maintenance and fitting services, leveraging our existing maintenance staff to provide value-added services at a premium price.

Think of it this way: The Products and Services section answers the "what" question for your business.Do you have an idea for a service based business, but aren’t sure where to start?Make your idea a reality by writing a business plan that outlines how your business will operate, who your ideal customers are and how you plan to make money.These manufacturers have a widespread reputation as mid- to high-level quality, unlike equipment typically found in the rental market.Expansion will allow us to move product offerings into new equipment sales.Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success.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.If your business is product-focused, you will want to spend more time describing those products.If you plan to sell a commodity item and the key to your success lies in, say, competitive pricing, you probably don't need to provide significant product detail.

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