subject: Writing a discount store business plan [print this page] Writing a discount store business plan Writing a discount store business plan
The first query you need to answer before writing your discount store business plan - what is a business plan? Cutting to the quick it is a roadmap for your discount store business showing anyone who looks as it what the goals of the business are and also shows how those goals should be achieved.
Without a plan it is unlikely that budding "angel investors" and the like will invest in your discount store business if that is your requirements to start-up or if you need to take it to the next level
If you have a specific investor in mind you ought to manufacture it to their necessities or else how are you going to get any cash out of them if what you comprise in your discount store business plan is the reverse of what they have in mind for a discount store business
After completion,your discount store business plan also provides a powerful tool for scrutinizing the forward movement of your discount store business. It will assist you to conentrate on the objectives set up in the discount store business plan.
Don't fill your business plan with big words for the sake of it - your financier might not have a clue about the prospective business - just a sack load of money that they want to throw at new businesses - they aren't necessarily going to known the discount store business acronyms that you use on a day to day basis. Don't be afraid to use diagrams in your plan - this will break it up as well making it easier to read.
You must cover the business's strengths as well as potential weaknesses and illustrate how you expect to overcome weaknesses. Exhibit you understand the risks concerned and offer likely solutions for overcoming these risks and supply evidence to corroborate your statements. This will attach credibility to the discount store business plan.
Make a solid first impression by presenting the plan in a clean and professional approach by using an understandable, uncomplicated design that conveys a skilled image and steer clear of jargon, keeping the subject matter concise and hard hitting. Any technical or supporting information ought to be provided in the appendices.
Keep all the figures between the main body of the document and your appendices - if you put large sections of figures in the body of your article you will distract your backer from the flow of the plan.
If your business is a new venture then give background information as to why you intend to start it. State the significant advantages of your product or service. Point to impending markets and give reasons for your pricing policy and selling strategies. Identify the competition and outline your proposals for dealing with it. Be positive and quick to the point.
Make apparent the knowledge and achievements of you and your management team and show how their skills can be harnessed to attain growth potential and profitability. Give information on employment requirements including CVs for higher management in the Appendices and, if applicable, an organisation chart to illustrate the management configuration.
