Company Flyleaf will be a limited liability corporation registered in the state of Ohio. The company will be jointly owned by Mr. Vinck is establishing this firm as a growth-oriented endeavor in order to supplement his retirement, continue meeting people with similar interests, and to leave a viable business to his children. Flyleaf Books will be establishing its store in one of the busiest section of Brecksville, an outlying suburb of Cleveland.
Retailing new books including e-books Retailing newspapers Retailing magazines and other periodicals Retailing of stationery and other related merchandise pens, pencils, erasers, writing pads, notice boards, writing boards, crayons, water colors, plaster of Paris, stick — on, and cardboards et al Sales Forecast One of the reasons why we are in business is to make good money and so we have to make sales projections before actually making the money.
It is important to state that our sales forecast is based on the books store business plan gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. One thing is common with book store business, the larger a book store including varieties of quality items at affordable pricesthe larger the numbers of customers that will patronize them.
Below are the sales projections that we were able to come up with for the first three years of operations; First Fiscal Year-: Please note that the above projection might be lower and at the same time it might be higher.
We have 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.
In other 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 book store. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the public.
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 Payment with check from loyal customers In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.
Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a book store business; it might differ in other countries due to the value of their money. When it comes to starting a book store business the major areas that you look towards spending the bulk of your cash is in of course renting or leasing a standard store facility.
Aside from that, you are not expected to spend much except for paying of your employees and the stocking of your store. Legal expenses for obtaining licenses and permits as well as the accounting services software, P. Please note that this amount includes the salaries of all the staff for the first month of operation.
Clara White — Osteen and her family.
They do not intend to welcome any external business partners; 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.
Online Book 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. We know that one of the ways of gaining approval and winning customers over is to sell our books, stationeries and other book related merchandize a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
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 know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
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:The leader in estate planning software, written and updated regularly by Nolo's expert attorneys.
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