Opening a General stores Business General Stores business plans are also used to attract capital from banks or angel investors. We are General Stores business plan professionals! Our team will write the plan differently for presentation to a banker than you would for a venture capitalist, an underwriter, or a private investor.
Our retail store is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Columbus, Ohio. We have enough parking space that can accommodate well over cars per time.
One thing is certain; we will ensure that we have a wide range of products available in our store at all times. It will be difficult for customers to visit our store and not see the product that they are looking for. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.
In essence, our source of income will be the retailing of a wide range of durable goods and non — durable goods at affordable prices. Sales Forecast It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field.
One thing is common with retailing business, the larger a retail store the larger the numbers of customers that will patronize them. Although we may not be as large as Wal-Mart, but we will ensure that within our capacity we make available a wide range of goods from different manufacturing brands in our retail outlet.
Below are the sales projections that we were able to come up with for the first three years of operations; First Year-: Please note that the above projection might be lower and at the same time it might be higher. We have a detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the retail industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Columbus, Ohio.
In order to continue to be in business and grow, we must continue to sell the products that are available in our store which is why we will go all out to empower or sales and marketing team to deliver.
We are going to explore all available means to promote our retail store. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Pricing Pricing is one of the key factors that give leverage to retail stores, it is normal for consumers to go to places retail outlets where they can goods at cheaper price which is why big player in the retail industry like Wal-Mart will attract loads of consumers.
Products in their store are tagged with the cheapest price you can get anywhere in the United States. Payment Options Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them.
Here are the payment options that will be available in every of our outlets; Payment by cash Payment via Point of Sale POS Machine Payment via online bank transfer online payment portal Payment via Mobile money In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.
Legal expenses for obtaining licenses and permits as well as the accounting services software, P.
The cost of Launching a Website: Please note that this amount includes the salaries of all the staff for the first month of operation.
They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N.
All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. Retail Store Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We will make sure that the right foundation, structures and processes are put in place to ensure that staff welfare is well taken of.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing of facility and remodeling the shop: In Progress Conducting Feasibility Studies:Wholesale and Distributor Business Plans Get inspired with business plan examples that suit your business.
Business Plan Pro software comes with more than complete sample business plans for all sorts of company types. The first three parts for writing a start-up business plan template are the executive summary, a general company description, and the products and services of the business.
Executive Summary. This section comes first in the finished business plan, but it’s the last section written.
INDUSTRY START UP GROWTH LANGUAGE INTERNET LINKS Various x x English initiativeblog.com Various x x English initiativeblog.com Dollar Store retail discount store business plan executive summary.
The Dollar Store is a start-up retail store in Bend, Oregon that provides interesting merchandise options at bargain prices.
|AN EXAMPLE OF A MARKETING PLAN||Feel free to revise this job description to meet your specific job duties and job requirements. General Manager Job Responsibilities:|
|Basic Information||Business Planning What are the Benefits? There are two main purposes for writing that plan.|
|Don’t Start a New Business Unless You Watch This Video First!||Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Reports to the board Legal Secretary Responsible for drawing up contracts and other legal documents for the company Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation. Provides historical reference by developing and utilizing filing and retrieval systems; records meeting discussions; maintains transcripts; documents and maintains evidence.|
|Brochures and eBooks||How will it achieve them?|
|A Sample Insurance Agency Business Plan Template||Here is a summary of the most important things you should know before you open a general store. Wondering how to start a general store?|
This sample business plan is intended to provide you with a template that can be used as a reference for when you’re hard at work on your plan.
The company is a completely fictional organic denim and apparel company, however, we made sure the industry research was . Our first plan contains the 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company.
This chapter is essentially your hook to convince potential financiers that .