Customised Furniture Business Plan in UK - Royal Furniture

BUSINESS PLAN
for
It is a proposal relating to the business which an organisation or an individual need to start with
an objective is to earn profit and gain competitive advantage in the market. This report sham
consists of the plan relating to start the customised furniture business in which on the demand
and need of the consumer the furniture is being prepared. The supply of these furniture is to be
made to both the residential and corporate houses at the affordable houses. This report wholly
deals with such business and such business has been set in the United Kingdom.

About the Business
Business Name: Royal Furniture
Business Structure*: Sole Trader
Owners’ Names: Roger Federer
Business Address: Lane 2, Opposite Sand Park, Manchester United
Kingdom
Business Telephone: [phone]
Business e-mail: [e-mail]
Website Address: royalfurniture.com
* Sole trader, Partnership, Limited Company or Social Enterprise

Contents
Section 1: Introduction
1.1 Business Plan Summary
1.2 Business Objectives
1.3 Business Description
1.4 Business Operations
Section 2: The People
2.1 Key People
2.2 Training Needs Analysis
2.3 Management Team
Section 3: Marketing Plan
3.1 Market Research
3.2 Customers
3.3 Competition
3.4 Marketing strategy
Section 4: The Money
4.1 Costing and Pricing
4.2 Sales Forecast
4.3 Running Costs
4.4 Start Up Costs and Funding Package
Section 5: Appendices

Section 1 – Introduction
1.1 Business Plan Executive Summary
1.2 Business Objectives
Short Term (0-12 months)
The short-term objectives of the business are to make sure that business could
survive their initial cost they are being incurring as at the beginning variety of
investment are being invested in the business such as raw material in the form of
wood. The equipment, cutters that are used to cut the sheets and other related
material. It is necessary for the organization to focus at the initial stage to recover
their fixed cost which consist of payment of salary to workers, electricity bills,
payment of rent if the premises are being rented and so on. If the business of the
furniture to remain at PAR, then it is the biggest achievement for them as it shows
that they are easily establishing their business in the market and runs their business
in the proper manner. Further another objective of the business is to establish their
position in the market so that people will know them and their work. It is important for
them to complete their assignment as and when they are allotted to them that helps
them in developing their goodwill in the market for the long period of time. If the order
the business will get will be delivered on time, then the customers will start
developing interest and trust in them and if the quality of the furniture is good then
their value will start developing in the market. It is important for them to capture the