Have $2.5 Million+ to Rollout a Retail Concept?
Yes, That's Still a "Retail Startup"
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Since you likely have a board of directors or one or more investors to answer to, you must develop a rigorous business plan for your retail startup.
There are many formats and templates available for "business plans". But, here are the three basic questions every business plan – no matter the format – must address and answer:
Next, prepare financial pro formas (projections).
It is essential that they be fully-integrated retail financial projections. They must reflect how you will manage the largest asset of the retail operation – the inventory – to achieve what is true happiness: positive cash flow!
There are many formats and templates available for "business plans". But, here are the three basic questions every business plan – no matter the format – must address and answer:
- What could we do?
- What should we do?
- What will we do?
Next, prepare financial pro formas (projections).
It is essential that they be fully-integrated retail financial projections. They must reflect how you will manage the largest asset of the retail operation – the inventory – to achieve what is true happiness: positive cash flow!
In a different phase of retail growth? See "First Store" or Growth|Expansion
Direct links to self-help retail calculators and how-to resources. Specially for busy retailers!
Grow PROFITS
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Control INVENTORY
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Manage CASH FLOW
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