Moving Planner Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Moving Planner Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Moving Planner business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
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Moving can be extremely stressful for most people given that a new residencies to be acquired, items need to be packed up, and logistics for moving from one place to the other need to be carried out. As such, many people turn to using moving planners in order to ensure that the process goes as smoothly as possible. These businesses can work directly with individuals that are moving as well as with corporate relocation specialists that have employees that are going to need to move to a new corporate location. In fact, the bread and butter for most moving planning businesses is by having ongoing relationships with corporate human resources departments that managed the relocation of important employees. The costs associated with starting a new moving planning business are relatively low in these companies can be started for as little as $50,000 or as much as $100,000 depending on the underlying operating expenses of the business. These businesses can be very quickly scaled up by hiring additional moving planning staff that can make all the necessary arrangements when a person needs to move. Given that this is a service based business, the gross margin is generated from sales typically is around 90% to 95% depending on whether or not credit cards are accepted and whether the bad debt expense is factored into the cost of goods sold. These businesses are relatively immune from negative changes in the economy given that they primarily cater to wealthier individuals that are going to be relocating on an ongoing basis.
A moving planner business plan should be developed as well especially if the owner operator is going to be seeking a working capital line of credit in order to commence operations. This business plan should feature a three-year profit and loss statement, balance sheet, breakeven analysis, and business ratios page. It is very common within a business plan also includes showcases the individuals as well as companies that will become clients of the company. A competitive analysis should also be developed in order to ensure that the company can identify its competitive advantage over other suppliers in the market.
A moving planner SWOT analysis should be developed as well in order to outline the strengths, weaknesses, opportunities, and threats that are faced by these businesses. As it relates to strengths, moving planners generate very high gross margins from their services and they enjoyed moderately low barriers to entry. These businesses are highly scalable and once they reach profitability they can be rapidly grown.
For weaknesses, moving planners to face a significant amount of competition not only from companies that render the service on an exclusive basis but also from internal units among human resources departments. The operating expenses can be somewhat high if a number of employees are kept on staff.
For opportunities, moving planners can readily expand by not only increasing the number of staff specialist to help people move but also by acquiring already existing moving planning businesses within the target market. Additionally, many moving planning firms will acquire contracts with human resources departments in order to exclusively provide moving planning to their employees.
The only major threat that is faced by moving planning firm is a major economic recession where large corporations will halt hiring new employees while concurrently assisting relocation of employees to other locations.
A moving planner marketing plan should also be developed in order to ensure that people and corporations can quickly find the business. As it relates to targeting individuals, most moving planning firms maintain expansive online presence that showcases the services offered, costs, contact information, and the experience of the moving planning firm in assisting ape with a person with relocating. As it relates to targeting corporate clients, many moving planners will send out flyers as well as directly contact human resources departments in order to develop ongoing referral relationships when employees need to be relocated to a different corporate location.
A vast majority of moving planning firms dedicate at least three-fourths of their time to acquiring ongoing corporate contracts as they provide a highly predictable stream of revenue for the business on a month-to-month basis. Many individuals that start their moving planning firm already have extensive experience in the field of human resources and can reach out to their contacts in order to develop these contractual relationships. The company’s websites relisted among all major search engines, and a modest presence on platforms such as FaceBook and LinkedIn can be a great value to the business given that certain people will refer their friends and family to the moving planner via social media platforms.
A moving planning firm can be a very lucrative small business for an individual that is well-versed in human resources as well as logistics management. These businesses do have very low start up costs, and they are able to typically reach profitability within their first year of operation. Only a very small office as needed at the onset of operations, and as such cause can be controlled until the business reaches profitability.