Thinking of starting a new, expanding your current, or purchasing an existing Engineering Business and need a professional Engineering Business Plan developed? A business plan helps guide your company’s efforts and gives investors and lenders the information they need to fund your company.
The engineering industry is an incredibly important part of society. Engineering is not merely one industry, but it is the basis of many different industries. The techniques and skills employed by this industry are needed to identify and solve problems in various other industries including transport, medicine, entertainment, and construction. The engineering industry has a direct effect on many of the products that we have become accustomed to using, with one major societal component being technology. Technology is surrounded by every moment of every day and without the engineering industry, it would cease to exist. The development of the South African economy relies heavily on this industry.
Components of a well-developed Engineering Business Plan include:
Executive summary: This is an overview of your business. It includes your key management (director or manager), the amount for funding or grant request, and the purpose thereof.
Company and management summary: This section describes your current team and future employees. The company premises and history (if already in operations) is included.
Marketing and sales strategy: Is your plan for reaching, engaging, and converting target prospects into profitable customers.
Financial plan: This allows you to determine whether your business or business concept is viable. It is a comprehensive picture of your current finances, your financial goals, and strategies to achieve those goals.
Financial projections: Includes the management account, income statement, balance sheet, cash flow, cash forecast, break even analysis, loan amortisation schedule, and fixed asset schedule with ratios, graphs, and calculations.
Annexes: Includes additional documentation that funders need in an application. This may include the CV’s and ID’s of top management, contracts, tax returns, and company documents (if applicable).
The DTC Team understands the complexities of the requirements and criterion for a tailour-made business plan. Our developments are used to create a vision businesses, secure funding, secure non-repayable business grants, and/or efficiently manage the company. If using the document for the purpose of raising funds and/or non-repayable business grants, we guide you through the process. We will provide access to our wide network of funders and service providers.
Contact us for more information and support.