In reading about business plans, you may have heard the phrase conservative projections repeated a few times. Any projections of future revenues and costs for a business require assumptions, because, as we know, the future is always uncertain. However, to meet this definition of conservative projections, your assumptions must be reasonable in all areas. Here are a few ways to make sure they are suitably reasonable and your projections are...more
Your car dealership business plan should follow a standard business plan outline, offering few surprises in this regard. A few areas stand out as specific needs for a car dealer to persuade readers to invest in or lend to the company. ExperienceThe auto dealership business is a tough one, featuring thin gross profit margins, high initial startup costs, and heavy negotiation from customers. Ideally, the entrepreneur launching the business should...more
When opening your hair salon, you probably already have ideas about the services your customers will want from what other salons are doing. However, simply basing your services on competitors can make you into an imitation and ignore opportunities to look deeper. Here are some ways to back up your intuition with research that readers of your business plan will pay attention to. Creating a Survey Creating and administering a survey used to be a much more costly and time-intensive affair. Now, online survey providers like surveymonkey.com make it cheaper to publish a survey and tabulate the results. The same time must go into carefully designing questions that will get the most truthful and relevant answers from customers and to entice a wide variety of your potential customers to take the survey. Generally, some gift or the possibility of getting a prize must be offered to those who participate, increasing the cost of this method.Direct Observation Visiting competitor salons and doing a little snooping can give a lot of data about what services are being purchased and how often. You will have to observe long enough to get a decent sample from which to draw conclusions (at...more
When launching a salon business, plan carefully for the purchases and investments you'll have to make before you launch. These start-up costs, along with your pre-launch marketing and the working capital you need to cover cash flow shortfalls until you break-even, let you know how much money you'll need to raise. The key capital costs for a salon...more
In any form of marketplace, wholesale Alfred Angelo wedding dresses distributers are greatly needed. The reason is that the wedding gown providers are valuable business partners for your bridal gown business. The providers who offer you quality and various wedding dresses at a big deduction. They are best source of the wedding costumes if you are...more
Your menu of services is a keystone of your IT consulting business plan. To decide on this menu, you have to consider how deep your services will go into the companies you work with.The Big QuestionThe big, initial question which determines what kind of services you will offer is whether you consider your business an IT consulting firm or really an IT outsourcing firm. A pure consulting firm would offer strategic advice, recommendations, and information, but would stop short of actually doing the IT work of the company. An IT outsourcing firm would take on these internal IT tasks, whether they are system design, implementation, and maintenance, software and web development, or other work. A third option is to try to operate as a combination of these two, but be careful of trying to do to much. TradeoffsThe highest level IT consulting work is to create overall IT strategy for the firm, looking ahead to how IT will both lower costs and increase revenue for their business. This type of work has an extremely high value for a forward-looking firm. It can save a firm the cost and overhead of hiring an IT director with deep enough expertise to manage these decisions. Your consulting firm...more
Creating a business plan for your beauty salon presents the perfect opportunity for you to create a functioning cash flow statement (sometimes called the statement of cash flows). This will allow you to make key decisions about cash flow going...more
Author: MelissaDigital signage is a form of electronic display that shows information, entertainment, advertising, or any other messages. Digital signs such as LED, LCD, projected images, or plasma displays can be found in public and private...more
DAILY RFID has launched RFID Kit for RFID Patient Tracking System, designed for instant deployment in hospital, especially in patient tracking solution. This kit contains the hardware and software to deploy the RFID Hospital system instantly.The RFID...more
With a diverse and sometimes transient population, this city in Florida has a great demand for Miami storage. The pull for people to this city is as diverse as its population. Some come to visit, others come to escape the winter up in northern...more
Author: Simon StepsysIt is a common knowledge for most individuals who are brave enough to venture in the internet business industry to try to get hold of everything that can give them a greater edge on the competition. This is why internet marketing...more
Author: Simon StepsysSo, you've just started your internet business and you're quite unsure what to do next. Then you came across a certain website or blog post telling you that a wealth coach can easily help you with your problem, but the problem...more