Cole Williams Initial Business Plan
-
Upload
cole-williams -
Category
Retail
-
view
93 -
download
0
Transcript of Cole Williams Initial Business Plan
Business Concept
1. Saving working people money
2. Providing parents with an affordable alternative
3. Helping the community by all means necessary
Financial Strategy1. Profits are expected to raise
10% annually after the first two years for 10 years
2. For the first time since the recession consumers ages 18-35 are increasing their buying habits
3. Business will be supported with a $84,000 SBA loan
Projected Profits
Year 1 Year 2 Year 3
Cash Received $102,000 $0 $0
Cash Operations (outgoing)
$105,800 $116,380 $128,513
Gross Profits projected
$130,000 $143,000 $157,300
Pro Forma Cash Flow (at 10 percent
growth per year)
Marketing Strategy 70% of consumers with disposable income
are looking for a new electrical appliance
Over 300 million people in the United States, and 70% of their money is spent on consumer spending
Will provide military discounts
Operational Strategy
General Support Services coordinated by management
Inventory management will include shipping from multiple suppliers
My office will be located at the same location as the store
Situational Analysis
18 million dollars spent on the light bill alone in Arkansas
Competitors, Rent-A-Center, Aaron's, Radio Shack, Home Depot
2014 Walmart became the only Energy Star Partner corporation in Arkansas
Closing Remarks
Shock Appliances goal is to help consumers instead of just taking their money
Environmental sustainability combined with social responsibility sets us apart in the market
Our customers that come into our store will have more than just a purchase, they will receive a courteous shopping experience