How to Write a Business Plan Market Analysis

Writing a business plan is an essential part of the initialMaterial Companies
strategic planning of any company. One thing, whichRent-A-Car Companies
seems to hang up most entrepreneurs, is figuring outSmall Package Deliverers
what kind of data and information goes into theTaxi Cab Companies
Market Analysis section. So often entrepreneurs willTrash/Refuse Companies
attempt to bluff or BS their way thru it. Often you findTrucking Companies
those with MBA write meticulous Market AnalysisU.S.P.S.
sections and although they may have little if any trueUtility Companies
entrepreneurial skills going into a new business, theirWarehouses-Wholesale
business plans are sure to impress. But you need notOur target markets for industrial cleaning include:
be an MBA to write a proper Market Analysis sectionAmusement Parks
in your business plan for your next business.Cities-Sidewalks, Etc.
Below please find a generic sample of a MarketGovernment (Graffiti)
Analysis, which you can use to help you do yours. YouHeavy Equipment Companies
may wish to print this article and then apply your ownHorse Stables
analysis to your particular area and business model. IPark Playground Equipment
recommend that you read it and think on it for a dayParking Structures
and then write a few things in the margins and take aProperty Management Companies
legal pad and write out your thoughts in paragraphRailroad Yards
form and then go collect the data you need. It is not aRetail Stores (Holiday Window Paint Removal)
difficult exercise and you should be able to do thisSchools, Universities
quite stress free. Now then remember this is only aShopping Centers (Concrete)
sample and it is something we used for a FranchisedAs we solicit these types of accounts we will secure
Outlet for a mobile car wash business, which isa large percentage of them. We will impact many of
probably about the most simple business in the worldour competitors, both fixed and mobile. This will make
and why we chose it to simplify your process. Keep itthem go on the defensive. One instinct of business
simple and use factual data and you will have a firstowners that are backed into a corner is to attack.
class business plan with an excellent Market AnalysisOften these competitors will call in favors from local
to help you impress bankers, investors and the capitalpoliticians. They will try to pull rank because they have
you need to succeed.been in the community longer. The more money they
Market Analysishave and the longer they have been established, the
Please refer to our feasibility study for in depthmore weight they can pull.
demographics analysis. Our chosen city study provesIt is important to know exactly how much the fixed site
conclusive; a mobile car wash company will thrive andcar wash owners participate in the community. Since
prosper under these ideal conditions. Although we willyou can never know too much about your competition,
have a quicker return on investment than most Thewe will create a database in Microsoft Excel of all
Car Wash Guys franchisees, we will not take ourdetail shops, car washes, mobile detailers and washers.
marketing plan lightly. It is our intention to absolutelyFixed car wash owners hate mobile car washes
conquer our market rather than simply possess a largebecause they are capable of eating up 15% of their
percent of market share. We will follow themarket share. If the car wash owners attempt to get
franchisor's marketing plan to accelerate projectedcity or county officials to change laws inhibiting our
gross sales from our initial opening through thecompany, we will:
five-year renewal date.Alert the Media
Target MarketsFax All Customers and Tell Them
Our target markets for personal car washing are:Increase Car Wash Fundraisers
Large Corporate OfficesThis will make our customers more loyal, aid us in
Large Manufacturerscommunity identity and give us free publicity that
Multi-Tenant Businessesmoney can't buy. We will be able to tell the entire area
Retail Centershow great and environmentally sound our services are.
Strip Shopping MallsTo decrease the chance of backlash from fixed car
Upper Class Residenceswash owners, we will immediately market the entire
Our target markets for fleet sales, ridesharecity with the help of our franchisor and his marketing
consumers, etc. are:team. This week long comprehensive program is part
Bus Companiesof The Car Wash guys Bonzai and Blitz marketing
Construction Companiesprogram. Please see outline on the next page. Another
Corporate Offices With Sales Staffadversary we might encounter are Sierra Club groups
Distribution Companieswho don't understand our operation. We will lobby and
Government Agencieseducate these groups.
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