Business plan Essay Example | Topics and Well Written Essays - 2500 words - 2

Business plan - Essay ExampleHowever, unless marked costume jewelry, the majority of entirely jewelry at the store will be upscale or certified fine-crafted gold and baseball diamond jewelry, which will cater to a wide variety of potential customers. entropy street Recovery is owned and operated by Panayiotis Gavriel who will manage all of the short letter aspects of the company including administrative, bookkeeping, generic management, inventory and sales recording. This self-managed business philosophy will keep labour costs low and provide the owner with more tractability in daily business operations.Second Street will require an initial capital infusion (long-term loan) in the amount of 33,575 at start-up. These costs will cover initial insurance, rent deposits, legal expertise, and generic office expenses necessary to operate the company at start-up. The chart below identifies the start-up capital and justification for dip of Second Street.The chart below identifies the expected customer demographics for Second Street Recovery as salubrious as projections for growth over a five-year period, based on expected population increases in the capital of the United Kingdom sphere. The market analysis chart identifies the percentage of customers which maintain the buying potential to utilise Second Street services, presented in pie chart format.There are currently six to ten competitors in the local region which provide similar pawn services and jewelry resale, making this a very saturated marketplace. For this reason, Second Street Recovery must create a marketing-focused organisation to make Second Street products the first of all name in jewelry, furniture and pawn services.Prouness (2007) describes product positioning from a marketing perspective, which involves creating a conjunction between the product and the customer by appealing to their unique preferences and lifesyle choices. Product positioning allows a