A business plan is one of the most vital tools for any business that wishes to be successful within their industry. Whether you are the owner of a retail store, an e-commerce business, or a lawn care service provider, you will need a well-developed business plan, and we’ll show you how to create one.
Your business plan can help you gauge the current state and capabilities of your company, and establish a path for future growth. Drafting a business plan for your lawn care startup is considered a good business practice that will considerably increase the chances of longevity for your company down the road.
Even a simple lawn care business plan can take a small startup business to the next level. (That’s how we at Lawn Love grew from an idea to a plan to a company with lawn care pros and customers across the country.)
The purpose of a business plan is to lay down a path for your business to follow and help make decisions and eventually grow.
Your business plan will also be valuable if you ever need to look for potential investors. Entrepreneurs should not be intimidated by creating a business plan; there are dozens of templates available online to follow. Your plan can be simple and does not need to be outside of your abilities.
Your business plan can and should evolve over time. As your business continues to grow, the service you offer or the areas you serve may need to expand, thus your business plan will expand with it.
Key elements of a business plan
To create an effective lawn care business plan, several key elements should be included:
- Company summary
- Services offered
- Market analysis
- Company strategy
- Personnel plan
- Financial plan
Each element contains a breadth of information that will ensure your company stays on a successful path. An effective lawn care service business plan will encompass each of these aspects.
Consider a sample business plan for lawn care services to see how to incorporate each of these aspects. A quick Google search for “free sample business plan” will show you tons of results and give you the inspiration you need to get started.
If you own a lawn care company, a business plan may be just what you need to grow your company.
An important element that should be incorporated into your business plan is a detailed summary of your company. In this section, it is important to highlight and identify the industry you intend to service, the company’s ownership, the finances and assets, and who runs the daily operations.
Documenting this information within your business plan will prevent a lot of issues that could arise in the future. For example, if you are going into business with a partner, a business plan can ensure you both start off on the right foot; as well as maintain the arrangements that were agreed upon.
This section of the business plan also outlines the company’s assets and start-up costs. For lawn care companies, this aspect is crucial as you should account for the costs of your equipment and any other tools you may need ahead of time.
Another aspect of a business plan that should be incorporated is a list of services you intend to provide to your clients, based on your equipment and the market. A sample lawn care business plan may include trimming, landscaping, gardening, and other types of yard work.
You also will want to analyze the area (or market) you intend to serve, as your services offered can change over time. In addition to researching your top competitors, business owners should also become familiar with the needs of the market and the customers you will be serving.
For example, it is recommended that business owners research their ideal customer and their demographics. Incorporating this information into your business plan will ensure your company maintains focus on the target market.
Another key element to include in your business plan is the company’s strategy. This aspect of the business plan notates how your company intends to progress forward and operate.
For example, a sample business plan for lawn care service may include the pricing of services and your marketing techniques. This section of your business plan will also reference how you intend to spread the word about your business.
You may also want to consider how you plan to interact with your customer base and obtain feedback.
You’re also going to want to incorporate a personnel plan. Before you start your company, it is recommended that you have an outline of your hiring needs. While you may save money by fulfilling several of the roles within your company, as time progresses you may need assistance to keep up with production.
For example, a sample lawn care business plan may include the need for additional staff members. Realizing the strength in numbers, this team will develop a higher production rate.
You also need a financial plan for your lawn care businessas. Your financial plan should include a sales forecast, your personnel costs, and a budget for your expenses.
Whether you project these figures for next year or the next five years, having a plan for the financial future of your company is a necessity.
The easiest way to do this is with a spreadsheet software like Excel or Google sheets. Contacting a financial adviser may be easiest for you if you don’t have experience with these tools.
Get help with your business plan
You also can look to other professionals for assistance with developing a solid business plan. Consider reaching out to a local business manager to have a business plan developed for your lawn care company.
From clothing retailers to lawn care companies, a business plan is an essential tool for successful companies. Even a simple lawn care business plan can help your company excel.
While many business owners may dread the task, there are a multitude of resources that will help simplify the process. For example, business owners can fill in their information on a lawn care business plan template.
A lawn care business plan example can provide you with a guide to follow.
Lawn Love also can help you plan and grow your lawn care business. Our platform serves up more jobs near you, so you can mow more lawns per day and spend less time behind your windshield and less gas going from job to job. We handle the scheduling, accounting, billing, and collections. too.
Signup with Lawn Love is easy. With just a few clicks and a background check, you’ll get access to loads more mowing jobs in the area where you live and work.