BUSINESS PLAN

Business Plan for Platinum Driving School

Business Plan for Platinum Driving School

Introduction

Due to continuous increase of motorists in every city, driving demand for training is growing steadily. Opening of the driving school attracts the attention of the population, especially if we know how to open and make effective use of a driving school and how to make it a profitable business with a permanent income. The purpose of this paper is to create a business plan for driving school. We are creating business plan because we need funding for further development of the business since we are going to create a business plan for a driving school established a year ago. Opening a driving school includes the preparation, including selection of facilities, purchase of necessary equipment but it becomes difficult to manage these resources effectively in future.

This study will evaluate the potentials of newly opened driving school and will discuss its viability and feasibility in detail. This will serve as a working business plan which will provide a realistic roadmap for the implementation of this project (Strang, 2002, 58). The business plan will carry out several key functions for the organization ranging from securing external funds for the business to measuring success and future potentials of the business. Driving is a best-selling service; it will never have shortage of customers. Opening a driving school can be quite a lucrative business, but in compiling a business plan must take into account a number of features. Experts say that many driving schools look alike. Thus for success of a driving school the management should try to establish its USP and this plan also focuses on the importance of business unique point.

Purpose

The purpose of establishing this plan is to collect funding for further development of the business since the aim of Platinum Driving School is to be one stop effective facility for needs of all drivers consisting licensing, registration etc. This business plan provides clear criteria for the further development of a Platinum driving school. Fulfilling needs of the business is it is a very long process and most importantly it needs proper funding and this business plan is going to help us in generating funds for further business development and expansion. The development of a business plan for a further development of platinum driving school is essential and critical to the said business's success and sustenance (Gregersen, 2004, 453). This, I say, because this plan will serve the following key functions in contributing its effectiveness towards the project:

It will help us identify potential pitfalls in the driving industry before they happen, helping us being “proactive” for the forecasted challenges.

It will help us structure the financial side of the platinum driving school in an efficient manner, focusing on sound financial planning and forecasts for the project.

The plan will focus our efforts on developing this business and will provide a definite roadmap to shape out the planned procedures.

It will monitor our performance according to the defined mission (and objectives) while keeping ...