Business Plan

Sections of the Business Plan

1. Executive Summary

2. Company Summary

3. Services

4. Market Analysis Summary

5. Strategy and Implementation Summary

1. Executive Summary
For the past 10 years I/we have been a Master Electrician/Draftsman/Furniture
maker. Our/my area of expertise is communication and electrical
installation/drawing of house plans/construction of household furniture and
maintenance.

Premiere Electrical is a new electrical contracting firm that I/we have started to
serve the

1.1 Mission
Premiere Electric's mission is to offer its customers the highest-quality
electrical/,drafting/furniture construction services. We/I focus on personalized
service by offering convenience and rapid service. Additionally, Premiere
Electric has the technologically expertise to install wireless voice and data systems,
as well as intelligence systems in any size facility. Finally, Premiere Electric's has
strong vendor relationships with the most service conscious vendors who are
capable of shipping major parts rapidly (on an overnight timeline in most cases)
minimizing the system down time for Premiere Electric customers.

1.2 Keys to Success

Premiere Electric's keys to success include:
 1. Expedient and convenient electrical services.
2. Growing and maintaining a referral network of customers.
3. Focus expertise in data, communication and electrical installation and
maintenance.

2. Company Summary
Premiere Electric is a new start-up electrical contracting firm. The country’s economic growth over the
last years has resulted in increased opportunity for the installation of high-end electrical systems for
security, data transfer and communication. Premiere Electric is positioned to capitalize on the growing
need of businesses in Barbados

2.1 Company Ownership

Robin Sullivan is the sole owner and employee of Premiere Electric.

2.2 Start-up Summary

I will invest my personal savings in Premiere Electric. The following table shows projected initial start-up
costs for Premiere Electric.

Start-up Requirements

Start-up Expenses

Legal $0

Stationery etc. $100

Brochures $200

Start-up Inventory $10,000

Other $0

Total Start-up Expenses $10,300

Start-up Assets

Cash Required $29,700

Other Current Assets $0

Long-term Assets $22,000

Total Assets $51,700

Total Requirements $62,000

Start-up Funding

Start-up Expenses to Fund $10,300

Start-up Assets to Fund $51,700

Total Funding Required $62,000

3. Services
The services rendered by Premiere Electric can cover a project in its entirety from original concept to
acceptance of completed construction work.

Design services: cost estimates, design analysis, project scheduling, conceptual drawings: electrical
standards, specifications.

Field services: 24 hour emergency service, troubleshooting, field engineering liaison and inspection,
commissioning and checkout, customer representation at acceptance testing of equipment, preventive
maintenance programs.

Construction services: commercial and industrial.

4. Market Analysis Summary

Premiere Electric's focus is to meet the demands of Barbados. Premiere Electric has established
relationships with other companies and believes we will receive referral business from them over time.
The company estimates that 80% of revenues will come from new clientele and 20% from new referrals
and business.

5. Strategy and Implementation Summary

Premiere Electric's strategy is simple and ambitious. First, capture most of other
companies old customers as a base is which to build the firm. From this secure
footing, Robin will begin to market specialization skills to new customers. We/I
believe that we will be successful marketing our services to the many business in
Barbados.
5.1 Competitive Edge
Premiere Electric is well positioned to compete for numerous small contracts that
focus on new electrical technology. When combined with the advantages Premiere
Electric has in capturing the customers, the firm is in an excellent competitive
position.

5.2 Sales Forecast

The first three month of operation will focus on the former customers of other
contracrtors. Premiere Electric will then turn to marketing to new customers. The
following table will outline Premiere Electric's sales forecast data.
NEED ACTUAL CHARTS?

SALES FORECAST/EARNING FORCAST

YEAR 1 YEAR 2 YEAR 3

Sales

Gardner and Miller Customers $62,787 $80,000 $90,000

New Customers $22,200 $40,000 $70,000

TOTAL SALES $84,987 $120,000 $160,000