A business plan is important if you’re raising finance from a bank or outside investors. Writing a business plan helps you focus and develop your ideas. Your business plan outlines what your small business does and what you are trying to attain.
In some instances you may also want to describe your staffing plans. By providing mid- to high-end high quality gear, we provide prospects the chance to “try out” bikes they may wish to buy at a later date, providing additional incentive to make use of our service. We do not plan to promote bicycles for at least the first two years of operation. However, sellers of new gear do indirectly compete with our business since a buyer who buys tools not needs to rent equipment. While these questions might look like a lot of work to reply, in actuality the process should be fairly simple.