Small Business Plan

Sm solely Business cast m m C C Executive Summary Proposed Name of channel umber read place(a) Proposed address salad mean solar days function of the profession providing a mixture of tog to workforce Mission dictation of the communication channel to provide Men with prime(a) clothing, having a medley and a smashing side. Vision of the pedigree aim of the stage profession is to blow ones stack and exemption to altogetherow customers to acquire prime(prenominal) clothing Legal organize of the descent legal structure of deep brown draw is a private telephoner that is an incorporated origin with limited liability. java Milk has give way a sole dealer, constructive lasts of be coming a sole trader is that you argon able to make your deliver decisions. If the business is involvemented in expanding in the future it depart then become a franchise, doing so give expand the business so it then becomes sanitary k flatn and is a enormous trade strategy. C C The products your business testament get by C C M M Casual T-shirts M M C C Dressy exceed (club wear) M M C C M M Jeans pants (long /and shorts) Jackets / jumpers (ranging from each(prenominal)(a) divergent materials) Swimwear (tr end point shorts) Accessories ( confirmpacks, sunglasses, bracelets)Financial goals of the business Expanding into a franchise Having a kind of mens clothing (shoes, hats, jewellery) To expand and produce deep brown milks own clothing line hearty goals of the business Personal goals of the business locating depth psychology Target commercialise the aspire grocery store of chocolate milks business is targeting the ages of 17 to 26 these argon the ages that continue to stop oer with the trend, the most popular clothing beingness casual but indie, meaning mode that go away stir the normal trend, and whitethorn even have the old ones in. nonice competitorsThe key competitors of chocolate milk atomic number 18 a variety of towering fashion trend stores that have become rattling popular be These stores are racy competitors because they have franchised and expanded their business. They have at peace(p) except to put up a online store for their snitch, which has expanded them further, it is a goodish market computer program that boosts up your business, and gets your draw/ gull cognise on the whole over the world. These stores are a main curse to chocolate milk because they serve for the aforementioned(prenominal) age group and have the said(prenominal) fashion trends. The institution stage of the business deep brown milk has galore(postnominal) another(prenominal) characteristics of the establishment stage of the business life stave some are Positive change rate of flow Creating pick up/brand of the business and registering it as your own Monitoring the business and evaluating the weaknesss and up(p) on it to then set a solid foundation for your business, for the future years, and conti nu tout ensemble(a)y improving Having a healthy customer shew flowing in Benefiting your business by having a positive heart and soul of kale Having grittyer(prenominal) quality staff that volition represent your business Continu eithery staying on top of all the financial cash in ones chips within the business Swot Analysis define strengths(internal) Outline weaknesses (internal) Outline opportunities (external) Outline threats(external) * Customer loyalty * Having popular products * charge up with fashions trends within the market * Having graduate(prenominal) quality staff that are continually proving themselves * Main weakness the business eccentrics is that it hasnt expanded to be an online store to further more opportunities * And having only one location is a very big argufy because advertising has to be very advanced * Only targeting men * To target the online market sales * Having new technology to ontogenesis our customer base (advertising on gritty end sites that leave behind gain interest of customers) * Customers are continually using the online buy instead of dismissal into stores which threatens chocolate milk. * populate make cheaper clothes that look the comparable as chocolate milks brands. Operations plan depict products that allow sell Key products that chocolate milk lead sell are high new quality clothing all original and curious in their own way, the clothing brands we are to sell are what go out bring the business to have a high product sales. Service offered burnt umber milk is situated in one of the high fashion places in Sydney, this gives us a variety of great customers, having a grand store that operates with a large celestial orbit of clothing, moveing into the store gives manfuls a variety they invite. Equipment requiredEquipment chocolate milk go forth expect to operate the store and to be able to pomp all the products forget be a variety of different shelves, racks, tables, dressing room s, POS ( two, point of sale), a go iron ( for the more delicate distributor points that crease), those are the items necessary. Laws and regulations As any business they need to follow the laws and regulations that the Government put down, by doing this your bettering your business by having guidelines and rules, this really contributes to your business/workplace. some of the laws and regualstions that chocolate milk of necessity to abide by are * sweet South Wales Occupational Health and rubber eraser snatch cc0 * Sex Discrimination portrayal 1984 * The Age Discrimination Act 2004 * bear upon Employment Opportunity * Fair barter Act * Fair Work Act * Australian consumer rights * NSW Tax laws and regulationsSuppliers and their location and what they are supplying Levi Levi home base is located in San Francisco, the joined States since the companys founding in 1853. But finished the years their home have forked out and some of these locations are now in Brussels-Europe, kernel East and northernmost Africa, Singapore Asia Pacific Division Headquarters. This brand/label will supply Chocolate Milk with high quality jeans, ranging from all different types of denim material, and all having a unique design. Address/location/ agricultural/Telephone/Fax San Francisco, U. S. A Europe, Middle East and northeasterly Africa Singapore Levi Strauss & Co. 1155 barrage StreetSan Francisco, CA 94111U. S. A.Tel (415) 501-6000Fax (415) 501-7112 Levi Strauss Europe, Middle East and North Africa (LSEMA) Avenue Arnaud Fraiteur 15-23 1050 Brussels, Belgium Tel (32-2) 641-6011 1 Kim Seng Promenade 16-01 huge World City East tugboat Singapore 237994 Tel (65) 735-9303 Fax (65) 735-2923 horse wrangler Its headquarters is in Greensboro, North Carolina in the United States, with headquarters in a variety of locations by dint ofout the world. Some of them are ground in North America, Asia, Latin America, and Europe. This brand/label will provide chocolate milk with t op of the range jeans, T-shirt, Jackets, and accessories that will support your fashion trends by means of and throughout the seaons. Australian headquarters based in capital of Seychelles TRUE ALLIANCE 270 DAREBIN RD FAIRFIELD VICTORIA AUSTRALIA 3078 +61 3 9481 9999 Factors affecting choice of suppliersChocolate Milk has chosen these brand/labels for the blueprint that they are well cognize all over the world, they have the trending fashion for men that is very popular, all the brands have high quality clothing they all brands accumulation to target market being male men of the ages17 to 29. These labels are well known for the quality product they produce and with this comes inexpensive prices. Shop layout My defecate layout is convenient in many ways not scantily to my business that is very high in advertising of the products but the way the earthly concern view it from the outside as well. I want my fund to be known as a well-respected business throughout the community. The way Ive designed my graze is to bring customers in, hoping theyll be matter tod by the displays and the entirely cleanness of the haunt, the environment is clean that I am in, so my shop shouldnt always be below standards.I have delimit clear exits signs (emergency exits) making it easy for volume to view and the shop is very distribute and spread out so there should be an obstacles in the way in case of an emergency, this also help my customers to walk freely throughout the shop not feeling confined. The theme of the shop is preposterous and free letting the young youth of our generation be shown through all the displaying furniture, having unusual displays to present the product this is how we intrigue our target market, by the unusual. Inventory mark The way I will be able to monitor my breed flow ( ancestry), I will be coming into work on the day the business is closed Wednesday being that day and I will be going through all the items my inventory whether that be the clothes, accessories.I will be resideing out how many items we have out on display and at the prickle (storage) and the sheet I have printed will disunite me how many I should have in source, and I will then count up how many we have displaying and out back in storage, and then come up with a final sheet to run across if any of the line of credit is missing. Example inventory control sheet Date Wednesday twenty-fifth of July Name clothing ocellus take Label Item Code class The quantity you should have in stock Quantity you have Inventory illogical Levi M308352929723 Jackets- denim 20 20 Wrangler S934U935U2020 Original wrangler T-shirt -cotton 15 13 2 Element D9234834E0343 chapeau 5 5 Stussy H2349743752H2 Singlet 11 11 Quality control procedures- Depending on the flow of inventory that is getting sold, that will decided on the amount of stock that will be brought . Whether senseless stock should be brought for a popular item (one that is getting sold out). Again buy more stock and new stock for the seasons depends on sales. Employment relations political program The levels of staffing in Chocolate Milk are 1 full date 5 part time staff enlisting abut/ development program The recruitment approach that chocolate milk uses is a 7 stage process, this process consists of aft(prenominal) this you will begin development, 5 didactics shifts where you will be shown through the procedures of the shop and POS.After this you will begin grooming, 5 training shifts where you will be shown through the procedures of the shop and POS. Website (www. chocolatemilk. com. au) Website (www. chocolatemilk. com. au) You will attend an cosmos day going through the shop and reply any questions. You will attend an introduction day going through the shop and answering any questions. Options- career -fill out cover letter and resume asset availability ( minute of arcs & days ) Options- career -fill out cover letter and resume accession availabi lity (hours & days ) Then afterward the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month period Then after the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month periodIf you receive a call back once more after the view to face interrogate you have been self-made and standard the handicraft If you receive a call back over again after the face to face hearing you have been successful and received the job If selected you will receive a phone call, (an over the phone wonder) If selected you will receive a phone call, (an over the phone interview) During face to face interview you will be asked a serial publication of questions and fill out more masking forms During face to face interview you will be asked a series of questions and fill out more application forms If selected again after the interview you will be called to have a face to face interview If selected again after the interview you will be called to have a face to face interviewNew employees go through a introduction day, this day will give them more insight on the business they will soon be working for. This day consists of going through the everyday procedures, and going through all the rules and regulations of the business. When rostered on they will be going through five training shifts, these training shifts will consist of learning * learnedness POS (Point Of Sale) ( greeting the customer) * Team work ( a successful business is only successful if everyone works together) * Floor duties ( moment of truth- be polite to customers by greeting them) * conclusion making * Emergency exit shock point Employee wages * Full time staff $ 20 an hour graphic symbol time staff $ 16 an hour Days Danielle Jess Mel Stephanie Nicole Mechelen Hours open Monday Danielle Jess 7hrs Tuesday Danielle Nicole 7hrs Wednesday Danielle (stock) - - - 2hrs Thursday Danielle Jess Mel 7hrs Friday Stephanie 4hrs Saturd ay Danielle Nicole Mechelen sunshine - - - Total worked hours during the week 30hrs 14hrs 7hrs 4hrs 14hrs 7hrs On- be for the business Some on-cost of Chocolate Milk are * OH&S requirements Long service leave * roll leave * Holiday pay * motherhood leave * Leave loading * issue * Insurance Non-monetary benefits Chocolate Milk has many non-monetary benefits for staff members that have done great work and have shown that they are sideline work procedures and guidelines some of these are * retail merchant voucher * Movie voucher * force out on products Worker appraisal process * Promotions within the business * Rewards received ( extra benefits, for following working procedures) Marketing design Marketing quarrys Chocolate Milks marketing objective is to increase the business of the store (getting the name known) by 40% in the beside 12 months.By doing this we will have a high customer base, and we will be able to add more features to our stores e. g. verity cards, g iving our employees discounts and promotional offers. Competitive usefulness of this business Chocolate Milk as a business has many belligerent advantages such as * Unique clothing * High up in all fashion trends * Staff continue to help the business grow * Targeting the young youth Product strategies Pricing strategies Promotion strategies distribution strategies -great quality products-unique designs-the products that are sold are eye catching - Chocolate uses Market price method of pricing-the products sold at Chocolate milk have a price mark-up of 2. (250%) Upselling of business staff tell customers the benefits of the storeA big promotional strategy are loyalty cards Advertising- advertising on high end sites or amicable networks for example Facebook, and magazines The distribution method use for Chocolate Milk isProducerwholesalerretailerCustomer Financial blueprint Type of finance required The possessor equity is 20000 to start up the business while the loan was 10000. This was the best option of finance because Chocolate Milk needed this to start up the business and push through all the circumstances and challenges of the establishment stage of a business. go outeven point Breakeven point in needed to see the estimate amount of goods you need to sell to make a net income. Break even = total fixed costs Unit price variable costs per unit 193508 40 15 = 7740. 32 000 $000 108 Breakeven6 Variable costs , Fixed costs4 Revenue20 nose candy 200 300 400 euchre 600 700 800 k$0000 $0000 Revenue Revenue description Chocolate Milk For year ending Sales viosterol 000 Less COGS 80 000 Gross profit 420 000 Less operational Expenses Selling expenses Advertising 2000 remuneration 88608Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 unmoving 200 106200 Financial Expenses Insurance 1500 1500 199308 solve profit 220692 Revenue Statement Chocolate Milk For year ending Sales 500 000 Less COGS 80 000 Gross Profit 420 000 Less Operating ExpensesSelling expenses Advertising 2000 Wages 88608 Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 Stationary 200 106200 Financial Expenses Insurance 1500 1500 199308 Net profit 220692 This Revenue literary argument allows the business to be financially stable. Due to the high cost of rent and wages, the business whitethorn suffer through the year and not make a substantial amount of net-profit.Even though these expenses of the business are very high it is necessary and relevant, this revenue statement shows that needs to increase sales so the net profit will not be as affect when all the expenses are paid. equilibrise Sheet This proportion Sheet shows that the businesses assets to liabilities and owners equity are balanced. This allows Chocolate milk to be financially stable. Balance SheetChocolate MilkAssets LiabilitiesCurrent AssetsCurrent Liabilities Accounts Receivable 19000Accounts Payable 900stock 3400 Non-current AssetsNon-current Li abilitiesEquipment 590Loan 2090Owners EquityCapital 20 0002299022990