There is hardly any business that does not require a
business plan. Any serious entrepreneur who intends to make profit from his or
her business, then ensuring that a proper business plan is prepared is vital
before investing hard earned money and time into the business. A business plan
will guide you and give you a clear picture of what you intends achieving in
starting the business.
Having a business plan is not just for the sake of having a
business document in place; but will help in drafting strategies that will help
the entrepreneur effectively administer and manage the shoe line business. The
business plan should cover strategies on how start-up capital will be
generated, clients attracted and how the scope of the business will be
expanded. These key components must not be missing from the business plan.
Other key components that should be included in the business
plan are as follows;
Executive summary which clearly states what your shoe line
business will be all about, the company’s corporate culture, sales and
marketing strategies, marketing goals, target market and perhaps what stands
you out from your competitors, It is also expected that you state your
company’s vision statement, mission statement and the areas where you would
likely want to cover.
Lastly, other key components such as products or service
offering, SWOT analysis, marketing and sales analysis / strategies, pricing,
costing and financial projection, publicity and advertising strategy, budget
and start – up capital generation should be made available in the document.
Not everyone can write a detailed business plan themselves,
and so you would need to employ an expert, or download an online template to be
used as a guide.
No comments:
Post a Comment