Borrow My Tools

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Tools Rental Business Plan

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Management Summary

Josh Taylor received his undergraduate degree in small business management from the University of California. Following his schooling, Josh worked for seven years for a contractor. Then he worked at a local tool rental facility and within two years he advanced to the manager's position.

Personnel Plan

The following people/positions will be needed for Borrow My Tools:

  • Josh: Will play the manager position, but will also be doing a little bit of everything.
  • Sales: There will be a total of three sales assistants.
  • Accounting/bookkeeper: This is a part-time position.
  • Service technicians: There will be two technicians who are responsible for the maintenance and preparation of the various tools.
Personnel Plan
Year 1 Year 2 Year 3
Josh $20,000 $24,000 $30,000
Sales $14,400 $19,200 $19,200
Sales $11,200 $19,200 $19,200
Bookkeeper $9,000 $12,000 $12,000
Service $16,200 $21,600 $21,600
Service $14,400 $21,600 $21,600
Total People 6 6 6
Total Payroll $85,200 $117,600 $123,600