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What important items are missing from mike plans

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Reference no: EM132811541

One of Mike McNeely=s favorite pastimes as a teenager was taking his old car apart and putting it back together again. After graduation, Mike started working as a mechanic for his Uncle Larry's auto repair shop. Many of the customers specifically ask for Mike to work on their cars because they know that he knows what he's doing and that he's honest.

It's been ten years since Mike started his job. Now he thinks that he would like to open his own auto repair shop. He saved up some money and he thinks his rich Uncle Buck will lend him the rest. He started writing a business plan and so far has: (1) a description and appraisal of the market area, (2) an analysis of the competition, (3) a list of potential suppliers, (4) a list of purchasing and pricing procedures, and (5) a list of personnel needed and their job descriptions.

What important items are missing from Mike's plans?

Reference no: EM132811541

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