Sit down with MS Office, and open up MS Word, to the template for the Business Plan. Take a week, or two filling in every nook and cranny of that plan, with your very own personal dreams and expectations.
Open up a spreadsheet and put in there how much each washing machine will cost to buy, how much each gallon of water will cost, and how much each soap vending machine will earn you per box of Gain you sell through it. Go online, find the website for the manufacturer of those washing machines, vending machines, and cash registers; get the users guides for each one, so you can record maintenance costs, and how much sweat you will pour into putting each one into the shop.
A solid business plan will go a long way toward convincing the person/bank you talk with about exactly what you plan on doing, and how you expect to make enough money to guarantee they get their money, every single month, and walk away with some for yourself. If you have been dreaming about this for a long time, you should have a very vivid idea of what will happen each day in the 'mat.
Will the Maytag man who sells you fourty machines give you nintey pr 120 days before expecting payments? It couldn't hurt to ask!
I'll wager the wholesaler you buy those little boxes of Gain from will be easy to get terms from, so they can build you into a solid little franchise.
Put that down in black and white, and you will accompish several things:
1. You set out your own goals, and the map to get to them.
2. You find out, if those goals will stand up to your own expectations, by putting into spreadsheets and presentation slides the turn by turn road you expect to drive to come out a winner.
3. Once you have this all laid out, the way will become brightly obvious to you, what you need, and your funding will be far less nebulous a dream.
Does that make sense?
Oct 13, 2009