Retailing in antiquity[ edit ] Marketplace at Trajan's Forum, the earliest known example of permanent retail shopfronts Retail markets have existed since ancient times. Archaeological evidence for trade, probably involving barter systems, dates back more than 10, years.
This free sample business plan retail store guide is designed to help an owner-manager work up a sound business plan. To profit in business, you need to consider the following questions: What business am I in? What goods do I sell?
Where is my market? Who is my competition? What is my sales strategy? What merchandising methods will I use? How much money is needed to operate my store?
How will I get the work done? What management controls are needed? How can they be carried out? When should I revise my plan? Where can I go for help? As the owner-manager, you have to answer these questions to draw up your business plan. The pages of this Guide are a combination of text and suggested analysis so that you can organize the information you gather from research to develop your plan, giving you a progression from a common sense starting point to a profitable ending point.
What Is a Business Plan? The success of your retail store business depends largely upon the decisions you make.
A business plan allocates resources and measures the results of your actions, helping you set realistic goals and make logical decisions.
You may be thinking, "Why should I spend my time drawing up a business plan? What's in it for me? Remember first that the lack of planning leaves you poorly equipped to anticipate future decisions and actions you must make or take to run your business successfully.
A business plan Gives you a path to follow. A plan with goals and action steps allows you to guide your business through turbulent often unforeseen economic conditions. A retail plan shows your banker the condition and direction of your business so that your business can be more favorably considered for a loan because of the banker's insight into your situation.
A plan can tell your sales personnel, suppliers, and others about your operations and goals. A plan can help you develop as a manager.
It can give you practice in thinking and figuring out problems about competitive conditions, promotional opportunities and situations that are good or bad for your business. Such practice over a period of time can help increase an owner-manager's ability to make judgments.
A second plan tells you what to do and how to do it to achieve the goals you have set for your business. What Business Am I In? In making your business plan, the first question to consider is: What business am I really in?
At first reading, this question may seem silly. Some owner-managers have gone broke and others have wasted their savings because they did not define their businesses in detail. Actually they were confused about what business they were in.
Look at an example. Jet maintained a dock and sold and rented boats.
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He thought he was in the marina business. But when he got into trouble and asked for outside help, he learned that he was not necessarily in the marina business. He was in several businesses.A good retail business plan gives the retail firm a pathway to profit.
This free sample business plan retail store guide is designed to help an owner-manager work up a sound business plan. University Cycle Works retail bicycle shop business plan executive summary. University Cycle Works is bicycle specialty store, offering retail sales of new bicycles, parts and accessories, clothing, and maintenance and repair service.
The Retail Business Plan Sample presents a detailed Overview and History of the Industry and the Current Need under the executive summary of business plan for the Scrapbook Nook. Free Download Retail Business Plan Template.
The important point to remember is that the marketing plan is a document designed to present concise, cohesive information about a company’s marketing objectives to managers, lending institutions, and others who are involved in creating and carrying out the firm’s overall business strategy.
Whatever type of retail store you're starting, a good business plan is essential. Get ideas from this assortment of sample business plans for clothing stores, online stores, e-businesses, gift shops, eBay, art galleries, and other retail businesses.
This Retail Store Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. Free to download and print.