How to Write a Business Plan for Your Machining Company – ThomasNet News

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Writing a business plan forces machining company operators to focus on the details of the business, understand the risks, and establish a roadmap for future growth. It can also be used to attract and secure funding.
The document should include the usual elements found in a business plan, along with information unique to a machining company, such as details about manufacturing equipment, regulatory compliance, and ISO certifications.
Business plans can be created at any time, whether it’s the early planning stages or when a business has already been operating for some time but could benefit from a roadmap.
A business plan can vary in format from a full-length, multi-page document to a “lean” plan that fits on a single page. Take the plan’s intended usage into account when deciding on the format; for example, banks or other lenders expect a detailed plan, while a lean plan is easier to update regularly.  
All business plans – including a business plan for a machining company – should include the following standard information:
Some business plans may only be intended for a single purpose (such as securing funding), then put in a drawer and never used again. However, business plans can also be used as a “live” document that is updated and referred to regularly. While some parts of the plan will stay the same, others (such as milestones, personnel, and market analysis) should be updated several times a year.

Business Plan Template


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