For potential small business owners hoping to start one business in their lifetime, there isnt a need to become a business plan writing expert. Even serial entrepreneurs who form business after business will often make use of business plan consultants to speed the process of creating a business plan and make the results more professional. Small businesses should seek the help of a business plan consultant as well, or, at the very least, use a...more
Generally speaking, I recommend having ten sections to your business plan. The purposes of these sections boil down to the following five purposesSetting the StageThe executive summary sets the stage for the entire plan to come, while the company overview gives readers a more in-depth idea of where the company is, how it got there, who it consists of, and what it sells. These two sections provide readers with a basic idea of what the business is...more
The need to stay in touch with all the happenings be it from the world of business, political, sports or entertainment, is increasing with every passing day. People yearn for the news update as they unfold. This aspect of news coverage was not there in the past with people depending quite heavily on either print or electronic media. Now-a-days the scenario has changed a lot with the advent of internet. People can stay updated by switching to a site and know a thing as it happens. India Report which began its services in the year 2006 is a pioneer portal for all news updates from every single domain. It has dedicated section for general news, politics, sports (cricket, tennis, football. hockey) and entertainment. India Report also has some of the best featured articles on the news that are missed or impinge on the lives of the people. India Report has distinctly Indian flavor to it with news related to India carrying special attention. India Report values the role of entertainment in the lives of people of India. To cater to this need of people it has got a separate section showcasing the latest videos from the world of entertainment. The videos can either be a marriage ceremony, a...more
Finding the job that you want leading to the Career Prospects that seem like only a dream right now can be really tough in todays economy. There are millions of people going through the same rough times and looking everywhere that they can think of and doing whatever they can to make things better. The stress sometimes has the power to greatly...more
An important decision both for your salon's business plan and to precede any renovations on the salon space itself, is the design of the interior layout of the salon. Consider the following concepts whether you design the space yourself or work with a designer or architect.Waiting SpaceIf you have projected the customers you will serve per day (and...more
The choice of services for your salon should be described early in your salon business plan so as to be clear to readers what the salon will do for customers. As the term "salon" includes hair salons, nail salons, spa salons, beauty salons, and more, the service options for your business are wide and depend on your expertise and these consideration.Service OptionsYou can try to focus on one of these categories only or try to serve a combination. By focusing on just one category, you can build operations and staff around serving one need very well. Your salon will require less equipment and fewer types of skilled labor. In this situation, you must seek to build a high volume of customers through walk-ins, referrals, and repeat customers.If you provide a combination of beauty services, you should look to provide a greater number of services and products to each individual who enters your doors. You must try to become a one-stop shop in this case, and increase the average amount each customer spends with you. There will be new operational challenges in this case, from the requirement from a greater variety of tools and equipment to skilled labor who may or may not be able or...more
Of the many decisions a retail store entrepreneur has to make, these three stand out as essential to the eventual success of the store.Store Layout DesignWhen designing the interior layout of the store, begin with consideration of the customer...more
Creating the business plan for your spa is a great opportunity to look ahead past the pre-launch and fundraising phase, which is probably all you can think about at the moment. The operations plan requires an understanding of the key operations...more
When opening your own coffee shop, think deeply about the specific neighborhood you are in and methods that might work for you to reach customers. Some of these may be methods other coffee shops, bars, and restaurants have used, and others may occur...more
Quality assurance is an important element of the used car business, and your methods should be explained in your business plan. Used car dealers must be able to know that the cars they sell are sellable to keep a positive reputation in the community...more
Putting together your management team for your catering business requires you to take stock of where your expertise really lies. The skill sets and workloads required of the sales and operations aspects of the catering business are such you will...more
A business consultant launching his or her own business has the chance to choose the competition they will face by choosing the type of services they will offer. Whatever your choice, this information makes its way into the business plan in the...more