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Section 1 Company Description Description of Business  Where located  Previous owner/business information  Product suppliers.

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Presentation on theme: "Section 1 Company Description Description of Business  Where located  Previous owner/business information  Product suppliers."— Presentation transcript:

1

2 Section 1 Company Description

3 Description of Business  Where located  Previous owner/business information  Product suppliers

4 Legal Form of Business  Type of Business format

5 Company Governance  Who owns what percentages of the business

6 Company Location  Exact address  Describe area located (city information)

7 Goals  Short Term (six months or less)  List two  Explanation of how will be accomplished  Long Term (6 months or more)  List two  Explanation of how will be accomplished

8 Section 2 Operations & Management

9 Business Facilities Described  Basic description  Areas of Business  Describe each area and changes  Examples  Sales Floor  Stock Room  Office  Restrooms

10 Management Personnel Identified  Introduction Sentence  Each person or partner must be listed as management  List position  Describe duties

11 Workforce Described  Introduction Sentence  Current Workforce  List employee positions  Working hours  Training  Wages  Projected Workforce  Changes in hours  Changes in pay  Additional positions  Manager roles/duties

12 Section 3 Target Market

13 Target Market Defined  Define the current market and traffic flow of customers  Who customers are, where come from, etc.  Create a chart identifying 6 popular items that are sold at other competitor stores

14 Target Market Define  Size  Local college enrollments  Trends of the college target market  Growth Potential  Look at projected college enrollments  Make an educated guess on your business’ potential growth due to college enrollments  Need  Discuss the needs of the colleges, regular people, and local school districts

15 Effective Analysis  Market Potential  What potential will your store have for succeeding based on current market trends?  Current Market Patterns  What is the current market pattern?  Sensitivities  What might be the risks (sensitivities) of opening and maintaining this type of business?

16 Section 4 Financial Institution

17  Select a financial institution to apply for a loan and line of credit  Provide a brief history of the financial institution  List where they are located

18 Section 5 Loan Request

19  Purpose of the Loan Request and Amount requested  Explain what loan will cover  How much of a loan will needed and at what percentage rate?  How much will each owner invest?  How much of a credit line be needed and at what percentage rate?

20 Itemized Planned Expenditures  Copy this table and fill in the necessary pieces New EquipmentCost Clothing Fixtures$ Shelving Units$ Hangers$ Cash Registers$ Total$ AdvertisingCost (approximate) (#) Billboards$ Signs /Radio$ Total$ Persons Employed (per month)Wage per Hour (#) Part-Time Employees$ (#) Managers$ Total$ Additional ItemsCost Desks$ Computer$ Wi-Fi (6 months)$ Insurance$ Trash Collection$ Total$ Property (Address)6,500 sq ft Total per month$

21 Section 6 Works Cited/Synopsis

22 Synopsis  ONE (1) page  Description of business, detailed  Type of business  Where located  New look  Assumptions  Previous owner  Current look  Loan Information  Loan details  Strategies to obtain loan  Operating profits assumptions

23 Works Cited  List each website by copying and pasting the URL


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