Starting a Mobile Home Park Building Company – Sample Business Plan Template
Step 1. Conduct Your Market Survey
Market survey is very important in the mobile home park building business. This is because of the role research plays. There are loads of information that can be garnered from research, Information like how this industry started, experts in the field, how much you can start this business with, and a whole lot more.
Step 2. Draft a Good Business Plan
The role a detailed business plan plays cannot be watered down, You need a business template that will ease the building process of your business, Here are the things that must be contained in your business plan; how much you will need to start your mobile home parking building business, how many employees you need, the financial projections you have for this business now and in years to come, as well as other vital information that you will need as you start out. Here is a sample property development business plan template you can use for FREE.
Step 3. Raise Your Start – Up Capital
You will need some funds to start your business with. If you already have savings that has been put aside for this business, then that is fine. On the other hand, if you do not then you may you may consider seeking for a loan from a bank or a micro finance bank. Whilst some of these banks may require that you provide collateral, yet others may not ask for collateral. You can also seek start up grants to run your business.
Step 4. Search for a Land in a Good Location and Apply for Approval
Next up, you will need to locate the space that you want to use for your business. First off, tell your realtor about the type of business that you want to start and thereafter allow him to search and notify you when he gets one. Do ensure that he secures this business in a commercial area so that you can be able to attract all and sundry.
Step 5. Assemble a Team of Professional to Help Build Your Mobile Home
If you already know the aphorism that says that no man is an island, then you may then agree that you might not be able to do all that concerns your mobile home park building business. It is for this reason that you will need to assemble some team of experts in the field to build your mobile home. This kindred spirits must have a vast experience so as to help build your business well.
Step 6. Build Complimentary Facility like Parks, Restaurant and Bars, Laundry et al That Will Make Your Mobile Home Attractive
Now that things are looking up, then you can consider starting to build facilities like parks, restaurants, laundry marts and what have you. Remember that the reason why you are in business is to make good money that is why you have to strive so that you do not build a substandard facility that might end up repelling people instead of attracting them.
Step 7. Put – Up Your Mobile Home for Rent / Lease
After all the previous steps have been properly adhered to, then you may now consider placing ads so that your mobile home is ready to be rented. Be sure to properly price the home so that you do not end up losing your clients as a result of wanting too much profit. One tip to pricing your home is adding up all the money that you put into building the facility and also fixing a rate for your time and effort.
These are some of the very basic tips that you need to start your business. Do ensure that you partake in continuous research as you look for ways to improve your business.
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