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Free Second Hand Clothes Shop Business Plan
If you are setting up a Second Hand Clothes Shop business then it is sensible for you to write down a Second Hand Clothes Shop business plan. If you need finance for your company this will assist you with it and even if you are lucky to have enough capital to start-up your own business then a business plan will benefit you in your business approach. This will improve the chances of your business being a hit, which cannot be a bad thing.
Your plan should consist of the following...
Second Hand Clothes Shop Executive Summary
Your Second Hand Clothes Shop executive summary should be written last subsequent to you having done all the ground work in preparing your business plan - it is after all intended to be a digest of your business. This is the page that should grab the attention of the reader and make them be familiar with what your Second Hand Clothes Shop business is regarding. By and large it ought to present the reader three years highlights of your business or longer if you have a more long term business plan - i.e. when the financier(s) are to be expected to start seeing some come back on their investment. The Second Hand Clothes Shop executive summary should declare the chief leading roles who are available to assist run the business and generate the returns for the investors and if any new management will be required in the process. Click here for more free advice on how to write your executive summary.
Second Hand Clothes Shop Objectives
As the executive summary by and large includes the breakdown of the first 3 years - your objectives should in addition be set out for your first three years of operation - this may be a handful or may possibly be much more exhaustive - it's completely down to you, although having unrealistic goals to complete for your Second Hand Clothes Shop business in an unrealistic timeframe will put likely investors off rather than them being impressed at your admirable objectives.Read more about business objectives.
Second Hand Clothes Shop Mission
Various people see objectives and mission as identical things but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to sell it! If you can build your Second Hand Clothes Shop business up to sell it at the same time as retaining a quantity of shares then you will have achieved success. To reach your final mission you will most likely require some smaller missions - these may possibly be to attain a certain amount of earnings, to attain a certain amount of customers, to retail a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to advise people how and why your Second Hand Clothes Shop business is going to be a winner - if you cannot think of anything to record here then you are doomed. Even if your answer is just that you are going to put more effort in than the next person - then at least that is something...but you'll need to back it up with some confirmation especially if you are looking for investment in your Second Hand Clothes Shop business.
Company Summary
Here you should write a simple structure of your business over the next 3 years unless you have a long term plan.
Company Ownership
In simple terms record who is going to own the Second Hand Clothes Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively widespread for someone to be in possession of part of a company but hold no say in how that company is run. You need to express if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Second Hand Clothes Shop business going to be trading from and why are you going to be trading from this site - you may not be able to give a pinpoint address at this young stage but you have to narrow it down as much as you can, as clearly this will have a critical impact on your business. It's as a rule straightforward to get premises for any Second Hand Clothes Shop business specially in this climate with so many businesses folding, but getting the appropriate business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Second Hand Clothes Shop Business.
Before you can sell any products or services you ought to write down exactly all of the things you are going to require and if you are going to require any money in order to pay for all of these items. You may perhaps require to vary your start-up summary depending on your financial position - so you might have a preference for certain Second Hand Clothes Shop equipment although not be capable of buying it until you have sold a few units of product / service.
Second Hand Clothes Shop Start-Up Costs
This is a up-front record of stuff you need to buy or things you can bring into the business if you already own them before your Second Hand Clothes Shop business can come into being. If you don't have sufficient funds you ought to also incorporate who is going to grant this wealth to get your Second Hand Clothes Shop business going.
Visit this page for more typical start up costs.
Second Hand Clothes Shop Investment
If you do not have sufficient capital you ought to enter the whole investment you are going to require and what's more involve the breakdown of the parties that are going to fund the investment. Add in the equity being given away to fund this or loan agreements in order to finance the deal. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Second Hand Clothes Shop Business.
Second Hand Clothes Shop Business Plan Page 2
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