A thoroughly researched business plan can not only assist a boutique owner in securing financing, it can help the owner stand up against the competition. Write the executive summary to entice the reader to read the business plan for more details. If you are seeking financing with the business plan, include the amount that you are seeking within this summary.
Hand carved wood pieces QiPao dresses and embroidery The company is also looking into selling art pieces created by current Chinese artists. The aim will be to introduce their work to more foreign customers and will increase the Gifts R Us Limited Brand reputation.
This could be achieved by working with Auction Houses or by organizing exhibitions or art events. Competitors Currently there are no high-street retailers offering similar products to those offered by Gifts R Us Limited, there are however websites that sell Oriental Products such as Alibaba and Gifts of the Orient.
These offer more contemporary homeware and jewelry with ABC Gifts being more quirky and creative. Compared to these stores, Gifts R Us Limited offers products that are not usually seen in the above-mentioned stores.
Being of Chinese origin, Gifts R Us Limited has the upper hand with sourcing top manufacturers in China and sourcing products that will push the brand ahead of the local competition.
Gifts R Us Limited offers a more adequate shopping experience as well as truly authentic Oriental products. A website is currently under development which will detail all products that are currently available. As Social Media is crucial to business growth and brand image building, Gifts R Us Limited will use both Instagram and Facebook to attract new customers both online and offline.
Once the company breaks even, Helen will design some of the products herself in conjunction with the existing suppliers. When it becomes profitable, Gifts R Us Limited will introduce more Chinese art to the US market by organizing social events such as auction or art exhibitions, whilst at the same time increasing brand recognition.
Sourcing and Fulfilment At present, all the suppliers are based in China. Payment options will be available once Gifts R Us Limited establishes a regular and stable relationship with them.
As the ordering quantity is increased the rate of discount will too. Technology Gifts R Us Limited has registered a Xero account and will be using Shopify and Paypal to process payments both online as well as in store. A company website is being developed where shoppers will be able to purchase goods online as well as offline.
Intellectual Property Gifts R Us Limited is in the process of trademarking their business name and brand. This section is one of the most important aspects of your marketing plan. It defines where you are currently in terms of your market, product, customer and competition.
This section looks at both internal and external factors and enables you to review and then document the strengths and weaknesses and identify any opportunities and threats within your marketplace.
Designers are incorporating Oriental elements into their designs, using patterns such as cranes, peacock and dragon etc. With cheaper flight tickets combined with easier transportation, more and more American people have visited Asian countries and have experienced the eastern culture, making them appreciate and understand the beauty and uniqueness of the Oriental products.
Gifts R Us Limited aims to appeal to women aged from 25 years and men from years old.Sep 18, · Expert Reviewed. How to Write a Business Plan for a Small Business.
Three Parts: Preparing To Write Your Business Plan Writing Your Business Plan Finalizing Your Business Plan Community Q&A A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and 88%(). Before you open any retail/boutique business, you’ll need a boutique business plan.
In this example, we’ll dive deep into the key elements of what’s required when writing a plan for your very own gift shop.
A Sample Clothing Store Business Plan Template Clothing Store (Boutique) Business Overview One of the reasons why clothing store (boutique) business will continue to thrive is the fact that people can’t do without putting on clothes. The purpose of the present small business plan is to outline the strategy of the small boutique establishment.
It has to be noted that the strategic concept of this business includes not only brick and mortar business, but also online presence. 0 Creating a Business Plan for your Online Boutique. A business plan is a comprehensively written detail of the business. There is no set pattern for writing and documenting a business plan.
Creating a business plan helps a small business owner become more customer focused in all aspects of his business. Market Need. Write a Clothing Boutique Business Plan. Also Viewed.