The factors that are hurting and helping other players in the industry will also impact your business. While you probably can't control all of these external factors, you can control how your business will respond to them. In fact, the way your business responds to them might constitute part of its competitive advantage. A Successful Company's Best Defense.
Through a unique combination of offered services and products, they will quickly gain market share. SoulSpace will provide customers with a relaxing, rejuvenating atmosphere where all of their mind and body needs can be met.
Products and Services SoulSpace offers a wide variety of mind and body healing services and products. The salon aspect of the business will provide both males and females with any type of hair styling services.
The spa business is devoted to providing holistic methods of massage, body work, and energy industry participants business plan sample. This is all done in a relaxing, serene setting.
Raleigh has consistently over the last few years been voted the best place to work and live in the USA, frequently making the top five and ten lists of Forbes, Money, and Inc. Raleigh has one of the most educated populations that loosely correlates to earning potential, or at least indicates a higher average household income.
Additionally, the downtown area has undergone a recent renovation that has attracted a lot of new businesses as well as become a hot urban area.
Both the extraordinary services and location has been detailed previously. SoulSpace has set out since its inception to provide quality, dependable services. SoulSpace has an innovative training program that is extensive in its depth, properly training employees to provide an unprecedented level of customer service.
All customers will leave SoulSpace with a feeling that their needs were met well beyond any expectations that they previously had and far better than any competitor. This customer-centric business model is not just rhetoric, there are financial incentives in place for employees to offer unprecedented levels of service.
Financials SoulSpace has forecasted substantial sales revenues by year two. Also by year two the business will reach profitability and have achieved a healthy profit before taxes. When SoulSpace begins their fundraising efforts they will consider options such as LLC status to replace the partnership business formation that they have currently adopted.
SoulSpace is an exciting business that provides a combination of sought after services that are not currently offered by a direct competitor. SoulSpace will provide a relaxing, serene setting for a variety of mind and body rejuvenation services for the booming Raleigh population.
Substantial sales revenue by end of second year. Profit before tax by end of second year.
Become established community destination by end of first year. SoulSpace will establish itself as a dependable destination to which they can always come to escape the stresses of life, and rejuvenate their energies, their souls, and their lives. Company Summary SoulSpace Holistic Spa and Salon is a new destination offering customers the unique combination of hair styling, massage, body and energy work, and training, all in one beautifully serene setting.
Soulspace will offer all ranges of hair styling, therapeutic massage, manicure, facial, sauna, Reiki, therapeutic touch, and specific complimentary product offerings. The goal and promise of SoulSpace can be summed up in our name and slogan: In the course of fund raising, we will explore the feasibility of both a partnership, and a limited liability partnership.
SoulSpace will need at least 4, square feet sq. This site is within the target priority area in part of the Warehouse District in what is now referred to as Glenwood South.
This space is in priority target range, and will be two blocks from the Raleigh Commuter Rail Hub due to open in the next five to eight years. The location is spacious at 10, sq. This makes this space cheaper than the other locations, and has twice the space.
This location is within priority target, and has 6, sq. It is also the site of a future Commuter Rail Station. They have also built a large parking decking which will be free to all patrons.
Products and Services SoulSpace will provide customers with personal beautifying and relaxational services and complimenting products, as well as training in specific forms of energy work, accessible materials on a wide range of health-related topics, and the option to purchase artwork displayed in SoulSpace.
Selected hair care products shampoos, conditioners, cleansers, brushes, mirrors will be sold as well. Specific complementing products will be sold as well. Customers will include people wishing to strengthen their physical body, mind, and spirit through the cleaning and revitalizing of their energetic system i.
Energy revitalization and therapeutic touch are energy field cleansing and revitalizing techniques working with the outer levels of the energy field along with Reiki. Most of the artwork in SoulSpace will be by local artists, for sale to the customers. There is one place offering energy work, in Clayton 30 minutes southeast from downtown Raleigh.
All energy work practitioners are private, of which there are only ten working full-time, with most of them concentrating on other alternative modalities, and an estimated ten twenty at the very most part-time energy practitioners.
Not including Chapel Hill and Durham, the above service an estimated population of at least , with that figure growing by an estimated 6, persons daily.The Business Plan is capital intensive and is based upon the founders’ specialized knowledge of the industry.
Green Design Group Green provides apparel design, import and marketing of active sportwear.
Writing a business plan? These how to instructions focus on writing the Industry section of the business plan, with questions to guide your research.
Every business plan, big or small, should start out with an executive summary that details what the company hopes to accomplish, how it hopes to accomplish it, and why this business is .
When writing a business plan, the Industry section is best organized as two parts: an overview of the industry and a summary of your business' position within the industry.
We will write a custom essay sample on The main participants of business specifically for you for only $ $/page. The final written business plan should include your industry and market analysis because you need to know your competition in the field you are entering.
In the final written plan all titles should be followed by. The Coffee Warehouse coffee distribution business plan market analysis summary. The Coffee Warehouse is a new business providing full service distribution of coffee and supplies to coffee houses and espresso stands throughout the Spokane and Northern Idaho market.