Starting a lawn care business shares common steps with what anyone has to do to start a new business. And a fundamental step of preparing to start your business is to write a business plan. Sadly, people often procrastinate on writing a business plan because they don’t know how to do it and they are intimidated by the process. So understanding the basic steps of what you need for your lawn care business plan will help you get ready for this important step.
A business plan at heart is a document you prepare for investors or to present to a lending institution to get a small business loan to go into business. It takes capital to start your own lawn care business. There is equipment to buy, workers to hire, trucks and trailers to get, marketing materials to create and storage facilities to lease. The funding will help you get that basic infrastructure in place before you have the revenue to pay for those costs.
Your business plan is a document to demonstrate to those who may give you the capital you need that you have a solid business concept. It also discusses that the markets are there to support your business and that you have a realistic plan to build the business until you are making sufficient profits to pay back the money with interest or to give investors a handsome return on their investment.
This does not mean that you should skip writing a business plan if you already have what you need to start your lawn care business or if you have enough funding without taking on debt or investors. The process of writing a business plan is a vital developmental step because it will force you to think through your plan for success. You will create a detailed cost/benefit analysis which will call for you to gather real world cost values for the equipment you will need, the insurance you have to buy, the space you need to lease and to pay the workers you will need to support the business.
That research alone can be a lifesaver when you actually start your new business. But you will also go to the next step of documenting if the market for your services is strong and how you will about growing the business over a five year period of time. If you discover during this process that you do not have a sufficient market for your lawn care business, better to know that before you take the plunge of starting the business than after. The process of building a business plan is a big step of taking your vision for your wonderful new business and making a real life projection of how that dream will play out in reality.
If you don’t know how to write a business plan, don’t panic. There is plenty of help available. Your local library or book store is overflowing with books that will guide you through the process. The internet is also rich with resources to take you step by step through how to research each section of your business plan and then how to go about writing that plan in a way that will be understandable and reasonable to your backers.
You an also turn to the local chapter of the small business association for help. Very often there are retired business men and women who volunteer to help a new small business person like you write your first business plan. Don’t be too proud to accept their help. They know what you are going through seeing your vision for a great lawn care business go from dream to reality and they know how to guide you through this important part of your planning and preparation.
When your business plan is done, you will be happy you took the time to complete this process. Part of the document is a five year plan for success. That means when you are done, you have a roadmap for how you will take your vision for a successful lawn care company from dream to reality. That plan will go through some changes and revisions as you go along. But just having a map to start with can be a huge help in launching your lawn care business on its road to success.