Every business needs a plan to run smoothly. A Retail business plan is one that is drawn up especially for that line of business: Retail. It should contain the important aspects such as Executive Summary, financial information, Objectives and goals to make an effective presentation to any interested and valued party such as investors or bankers.
A retail business plan should be well written to exude professionalism and accurate information. Ideas should be well presented and clarified with good supporting data.
A retail business plan should contain the business overview, operations, marketing strategies and management style as well as organization structure.
A retail business plan template usually encompasses:
* Company Name & Address
* Company Mission & Objectives
* Overview of Company
* Executive Summary
* Fundamentals of Company business
* Products & services
* In-depth description
* Quality
* Competition
* Marketing Plan
* Research & Data gathered
* Market Size
* Incurred estimated cost
* Factors that can affect your industry & company
* Targeted customers
* Competition & solutions
* Niche market identification
* Operational Plan
* Production
* Location
* Personnel & Responsibility
* Inventory
* Creditors & Suppliers
* Management style
* Board of Directors
* Professional Body / Authority
* Organizational chart / structure
* Start up expenses and capitalization
* Research methods
* Forecasts & Estimates
* Financial Information & Analysis
* 12 month projection (P&L)
* 5 year projection
* Projected Cash flow
Consider the attached sample template for your convenience.