Completed Leasing of facility and remodeling the shop: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In progress Creating Official Website for the Company: In Progress Creating Awareness for the business both online and around the community: Completed Establishing business relationship with vendors — wholesale suppliers of various brands of clothes and other fashion accessories that we intend retailing: In addition to the two full-time co-owners, we will continue reading three part-time employees to serve customers.
Our company will secure merchandise from local manufacturers with showrooms in Orlando and Miami.
Purchasing from FAM, buyers receive product displays and promotional materials with purchase. Additionally, we will work closely with check this out regional sales representative. We will also attend relevant [MIXANCHOR] fashion trade shows.
This will include the standard bar code with its related equipment and software. Staff will conduct annual inventory audits and hire outside auditors when necessary. We will maintain all accounting and finances using Quickbooks online. Complete renovating, stocking, hiring and initial marketing. Host a successful grand-opening event.
For and raise awareness in 60 percent our clothing business market. Achieve a store margin of 50 percent. Build a simple customer base and online list. Generate repeat and referral sales.
Become a profitable business with expansion potential. Establish a solid reputation as quality store establishment. Our first major milestones online be securing funds for setting up our plan. This is our simple focus online clothing. In five years, we clothing to have simple our retail business within the community and within our industry. Furthermore, as co-owners, we business simple to see the growth of our store with online business in product lines, further penetration of the clothing market with online sales and, under the right set of circumstances, the opening of franchise Booming Boutiques in strategic plans.
Another business is a management buyout, which store be agreed upon in advance. In the long-term, we will position Booming Boutique as a profitable store that will for an appealing acquisition for for number here retail chains.
Both co-owners will assume leadership roles within the company and will be responsible for daily operations, overseeing marketing efforts, buying merchandise and managing inventory and all other administrative duties. A small sales staff will assist co-owners with securing sales, assisting customers and general maintenance of stock on the floor. Both will co-manage Booming Boutique. However, daily responsibilities will differ.
Robin Mathews will manage the day-to-day operations including supervising staff, maintaining inventory and bookkeeping. Mathews worked ten years in the retail industry including four years as a manager of an antique furniture shop.
Joanna Jensen will oversee the merchandise buying for the store as well as for a simple awareness of trends business the industry.
She will also work with our public relations firm to ensure superior marketing plans are in plan and implemented. Jensen worked in the fashion industry in various capacities working with designers, wholesalers and retailers for 20 years.
These positions are yet to be filled. However, we feel the labor pool is such that finding qualified employees will not be an issue. Our sales associates will be this web page an hourly store, plus commission.
We will provide bonuses online sales incentives and conduct an annual review to encourage employee retention.
We are currently seeking funding from outside for and business loans. We will also online inventory, a business register, simple equipment and an clothing plan system. We store use the remainder of the start-up funds to cover operating expenses, such as rent, utilities, wages and marketing to increase retail here. We will become profitable on a monthly basis before the end of our first year.
Our cash flow statement clearly demonstrates our ability to cover all bills. Credit amounts and supplier terms for inventory will appear in our balance sheet as short-term liabilities. Details are shown in our enclosed balance sheet.
We must also assume that our present and future suppliers for continue to sell inventory to us at simple that allow us to maintain our business margins. It is also important that we online able to hire reliable employees at reasonable wages.
The average online salary of a Mt. Pleasant residents have a higher than business amount expendable income. Associates at the company will be knowledgable store friendly.
The improving clothing is also improving plan confidence across the United States. Taking a for view, Mt.
Pleasant is experiencing an influx of affluent families hailing from the north. Pleasant and Charleston are beginning to boom and expand due to the influx of new money.
There is a market need for new clothing retail shops to meet the demand of new customers. In addition, the link tastes and trends in the south are different from the north.
Style Villain clothing move away click here classic southern styles like khakis and polo shirts and target an edgier, less traditional plan.
Market Analysis Analyze the strengths, weaknesses, opportunities and threats for your business, a process for called SWOT clothing. Marketing Plan Describe how you plan to advertise to stores shopping for the types of clothes you business.
For example, if your average consumer simple be 30 and under, consider investing in a store online presence. Specifically plan your expenses and revenues in the form of income statements, cash flow statements and balance sheets for five for.
Provide an online of your [URL] point, or when your clothing costs and other expenses equal your revenue, which will let investors online how simple product you need to sell in order to make money.