You decided to become an entrepreneur and start your own business retail. Before you open your door, you should write a business plan to help you define your goals, set goals and see potential problems. You can correct problems before they occur. Basically, a business plan is a blueprint for success .
Company Description
describe products, services, location and facilities. List the benefits for the customer. Discuss your business objectives .
Prepare your Business Analysis. Assemble analyze an industry and market research. Search competition and evaluate their products. Consider the advantages and disadvantages that you have on other retailers .
Create a plan for product development. Discuss customer service, quality assurance and insurance. List of suppliers, including electricity, telephone, water and maritime transport .
Create a management plan. Decide on your corporate structure and create the management team. Determine your staffing needs .
write a summary. It is a miniature version of your business plan and where you describe the company and create your mission statement. Include the market potential, management team and prepare an exit strategy .
marketing plan
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Establish your objectives and develop a marketing strategy .
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A list of your promotions, advertising and publicity strategies .
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determine the distribution method for your trade Retail .
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Decide on prices, discounts and incentives. You can offer discounts to regular customers .
Financial Plan
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Focus on a financial strategy. Basically, the number of available funds and funds necessary for your retail .
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Assemble financial documents. This includes a profit / loss statement, analyze cash flow, balance sheet, projected income statement and break even analyze .
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a list of your financial resources. Identify needs for additional financing and how you will meet .
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predict sales forecasts .
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Prepare a list of the inventory.
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