investment as you will have to give a franchisee fee to the company as well as keep up the quality standards as specified by the company in terms of decor etc .
You have the advantage of already developed brand awareness, company advertisements etc and A fourth type of boutique can be the retail outlet of a production house.
The reward will be all the more, if you are successful.
Decide on the target market – the customers you are going to sell to.
The budget should extend three years from the start-up day and include boutique rental fees (or mortgage payments), insurance, taxes, utilities, labor fees and employee salaries, ordering of products to sell in the boutique and different marketing campaigns.
Best American Essays 2006 Contents - Business Plan For Boutique
Also include your sources of basic funding and a list of banking loans or grants that may be available for boutique owners.This will involve a lot more initial investment than the other three.You will be procuring fabric and making clothes and then selling – so labour cost, material cost and production cost on top of the cost of setting up the shop.Before you open a boutique, it is important that you plan and confront any issues that you may face during your boutique business operations. A business plan is the first step in starting a boutique, as it allows you to plan everything in terms of purchasing retail products, getting funds for the start-up process, making a budget and planning out the operations of the business. Include the owner’s name, the physical address of the boutique, hours of operation, source of inspiration for the boutique, list of products the boutique will sell, services the boutique will offer and who will be working in the store. On the following page, create an index page for the business plan. Write a boutique profile section and outline details about the boutique.Write the executive summary after the business report has been completed.Highlight the major points from each section, including the name and location of the boutique, the owners and key players in the boutique, the basic operations on a daily basis, primary funding and a detailed budget that outlines how the money is spent in the boutique.Based in Toronto, Mary Jane has been writing for online magazines and databases since 2002.Her articles have appeared on the Simon & Schuster website and she received an editor's choice award in 2009.Examples include the lack of customers, lack of sales, lack of funding or not being able to get the products you want to sell.Provide a solution to each of the risks, so you are prepared to take action in case one of your risks should occur.