3:I[5613,[],""]
5:I[1778,[],""]
4:["slug","small-engine-repair-financial-model-example","d"]
0:["B1ezAHU6N5k79QgSZtZFB",[[["",{"children":["industries",{"children":["transportation",{"children":[["slug","small-engine-repair-financial-model-example","d"],{"children":["__PAGE__?{\"slug\":\"small-engine-repair-financial-model-example\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["industries",{"children":["transportation",{"children":[["slug","small-engine-repair-financial-model-example","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","transportation","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/dd3786e789bd89d0.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","transportation","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"b1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":"404"}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],"notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/5ad7baf19918e3f0.css","precedence":"next","crossOrigin":""}]],"$L6"]]]]
7:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1740148260312","3842","static/chunks/3842-90ad98b73050a768.js?v1740148260312","6142","static/chunks/6142-d09ed4195d118873.js?v1740148260312","4054","static/chunks/app/industries/transportation/%5Bslug%5D/page-48f1188c2e4efb62.js?v1740148260312"],""]
8:T23bc,{"id":"cG9zdDo4OTQy","title":"Small Engine Repair Financial Model Example","content":"<p>Our Small Engine Repair Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Small Engine Repair business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<h2>Small Engine Repair Financial Model Structure</h2>\n<p>Financial planning is critical to the success and sustainability of any business, including a Small Engine Repair business. A well-structured financial model can serve as a roadmap, guiding you through the complexities of starting or expanding your business. It accounts for typical revenues, direct costs, staffing needs, operating expenses, assets, and funding options. However, it also provides insights into potential new and profitable revenue streams. The Small Engine Repair financial model structure is essential because it lays the groundwork for informed decision-making. Although challenges may arise, this model allows entrepreneurs to navigate uncertainties effectively.</p>\n<h3>Revenues</h3>\n<p>In a Small Engine Repair business, revenue can be generated through multiple streams, including:</p>\n<ul>\n<li><b>Repair Services:</b> Charge for labor and parts used to repair small engines. Revenue is calculated based on service rates multiplied by the volume of jobs completed.</li>\n<li><b>Maintenance Plans:</b> Offer periodic maintenance services for a fixed subscription fee. Revenue from this is calculated by the number of subscribers multiplied by the plan fee.</li>\n<li><b>Sale of Parts:</b> Sell replacement or spare parts to customers. Revenue is the product of parts sold and their respective prices.</li>\n<li><b>Consultation Services:</b> Provide expert advice on engine repair or maintenance for a fee; this is calculated by the hours of consultation provided multiplied by hourly rates.</li>\n<li><b>Equipment Rentals:</b> Rent out equipment for DIY repairs. This Small Engine Repair financial model segment calculates based on rental fees multiplied by the number of rentals per period.</li>\n</ul>\n<h3>Cost of goods sold</h3>\n<p>The cost of goods sold (COGS) encompasses all expenses directly linked to delivering services or products:</p>\n<ul>\n<li><b>Parts and Materials:</b> Purchase costs for parts and materials used in repairs or sold to customers.</li>\n<li><b>Labor Costs:</b> Direct wages for technicians engaged in maintenance.</li>\n<li><b>Rental Equipment Maintenance:</b> Costs for maintaining and calibrating rental equipment.</li>\n</ul>\n<h3>Employees</h3>\n<p>The typical team might include:</p>\n<ul>\n<li><b>Technicians:</b> Responsible for repairing and maintaining small engines.</li>\n<li><b>Front Desk Staff:</b> Handle customer inquiries, schedule appointments, and manage billing.</li>\n<li><b>Parts Manager:</b> Manages inventory, orders parts, and oversees distribution.</li>\n<li><b>Business Manager:</b> Oversees operations, manages finances, and develops business strategies.</li>\n</ul>\n<h3>Operating expenses</h3>\n<p>Operating expenses include:</p>\n<ul>\n<li><b>Rent:</b> Cost of leasing business premises.</li>\n<li><b>Utilities:</b> Monthly expenses for electricity, water, and gas.</li>\n<li><b>Insurance:</b> Coverage for liabilities, property, including equipment.</li>\n<li><b>Marketing:</b> Costs for advertising and promotions.</li>\n<li><b>Software Subscriptions:</b> Expenses for repair management software and other tools.</li>\n<li><b>Office Supplies:</b> Essentials for day-to-day operations.</li>\n<li><b>Vehicle Expenses:</b> Costs for company vehicles, including fuel and maintenance.</li>\n<li><b>Training:</b> Expenses for skill development and certifications for staff.</li>\n<li><b>Telephone and Internet:</b> Communication expenses.</li>\n<li><b>Miscellaneous:</b> Any other incidental costs.</li>\n</ul>\n<h3>Assets</h3>\n<p>Typical assets might include:</p>\n<ul>\n<li><b>Tools and Equipment:</b> Essential for engine diagnostics and repairs.</li>\n<li><b>Vehicles:</b> For transporting parts and visiting clients offsite.</li>\n<li><b>Computer Systems:</b> For managing operations, scheduling, and accounting.</li>\n</ul>\n<h3>Funding options</h3>\n<p>Funding options include:</p>\n<ul>\n<li><b>Bank Loans:</b> Traditional loans from financial institutions.</li>\n<li><b>Venture Capital:</b> Funding from investors looking for equity in return.</li>\n<li><b>Government Grants:</b> Financial aid programs for small businesses.</li>\n<li><b>Leasing Arrangements:</b> Specific to financing equipment purchases.</li>\n</ul>\n<h2>Driver-based financial model for Small Engine Repair</h2>\n<p>A driver-based Small Engine Repair financial model is enhanced by <a href=\"https://www.accruent.com/resources/knowledge-hub/maintenance-kpis\">key performance indicators (KPIs)</a> essential to the business&#8217;s operation. Examples of KPIs include:</p>\n<ul>\n<li>Job Completion Rate;</li>\n<li>Customer Retention Rate;</li>\n<li>Average Repair Time;</li>\n<li>Inventory Turnover;</li>\n<li>Technician Utilization Rate;</li>\n<li>Revenue Per Repair;</li>\n<li>New Customer Acquisition Rate.</li>\n</ul>\n<p>This comprehensive approach ensures sustainable growth. Although there are challenges, focusing on these metrics can drive success in the competitive landscape of small engine repair.</p>\n<p>Driver-based financial planning (DBFP) involves identifying key activities (drivers) that exert the highest impact on business outcomes. It builds financial plans based on these activities; this method helps establish the relationship between financial outcomes and necessary resources—such as personnel, marketing budgets, and equipment.</p>\n<p>If you want to know more about driver-based financial planning and why it is the right way to plan, see the founder of Modeliks explaining it in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The financial plan output</h2>\n<p>The objective of financial forecast outputs is to enable management, boards, or investors to:</p>\n<ul>\n<li>Quickly grasp how your Small Engine Repair business will fare in the future.</li>\n<li>Gain assurance that the plan is well-considered, realistic, and achievable.</li>\n<li>Comprehend what investment is required to execute this plan and what the return on investment will be.</li>\n</ul>\n<p>To accomplish these objectives, here’s a one-page template for effectively presenting your financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"/images/cms/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Small Engine Repair financial plan\" width=\"800\" height=\"520\" /></p>\n<p>In addition to this one-page summary of your plan, you will require the three projected financial statements.</p>\n<ul>\n<li>Profit and Loss</li>\n<li>Balance Sheet</li>\n<li>Cash Flow Statement</li>\n</ul>\n<h2>Small Engine Repair financial model summary</h2>\n<p>A professional Small Engine Repair financial model will assist you in contemplating your business, identifying resources needed to achieve targets. It will set goals, measure performance, raise funding, and enable confident decisions to manage and grow your business. However, this process requires diligence and attention because it can be complex. Although it may seem straightforward, the nuances involved necessitate careful consideration.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"small-engine-repair-financial-model-example","date":"2025-02-06T09:34:32","featuredImage":{"node":{"id":"cG9zdDo5ODIy","sourceUrl":"/images/cms/getty-images-rmVrCYNZ1Qk-unsplash.jpg","altText":"Small Engine Repair business plan"}},"seo":{"metaDesc":"Optimize your Small Engine Repair financial model with accurate forecasting, budgeting, and analysis. Enhance profitability and make informed decisions.","title":"Small Engine Repair Financial Model Example - Modeliks"},"industryName":{"industryName":["transportation"],"category":["financial-model"]},"h1":"Transportation Business Plan | Modeliks"}2:["$","$L7",null,{"post":"$8","isBusinessPlan":true}]
6:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Small Engine Repair Financial Model Example - Modeliks"}],["$","meta","3",{"name":"description","content":"Optimize your Small Engine Repair financial model with accurate forecasting, budgeting, and analysis. Enhance profitability and make informed decisions."}],["$","meta","4",{"name":"keywords","content":"transportation business plan, how to write a transportation business plan, transportation business plan example, transportation company business plan, transportation business plan template, sample business plan for transport and logistics, transportation business plan template free, business plan template for transportation service, sample transportation business plan"}],["$","link","5",{"rel":"canonical","href":"https://www.modeliks.com/industries/transportation/small-engine-repair-financial-model-example"}],["$","meta","6",{"property":"og:title","content":"Small Engine Repair Financial Model Example - Modeliks"}],["$","meta","7",{"property":"og:description","content":"Optimize your Small Engine Repair financial model with accurate forecasting, budgeting, and analysis. Enhance profitability and make informed decisions."}],["$","meta","8",{"property":"og:url","content":"https://www.modeliks.com/industries/transportation/small-engine-repair-financial-model-example"}],["$","meta","9",{"property":"og:site_name","content":"Modeliks"}],["$","meta","10",{"property":"og:locale","content":"en_US"}],["$","meta","11",{"property":"og:type","content":"article"}],["$","meta","12",{"name":"twitter:card","content":"summary"}],["$","meta","13",{"name":"twitter:title","content":"Small Engine Repair Financial Model Example - Modeliks"}],["$","meta","14",{"name":"twitter:description","content":"Optimize your Small Engine Repair financial model with accurate forecasting, budgeting, and analysis. Enhance profitability and make informed decisions."}],["$","link","15",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]]
1:null