Business Plan for First Shoes: Online Trainer Shoe Delivery Company

BM564 Enterprise and Entrepreneurship
BM564 Enterprise and Entrepreneurship
Business Plan
Executive summary
The business Plan refers to the proposed plan which has been prepared for the
business that has to be started in the near future. In business plan all the details
relating to the business has been involved such as projected financial statement
including balance sheet, income statement, breakeven point analysis and so on. In this
report the business plan is about the First shoes that is an online company engages in
the shoe delivery business. The product that has been offered by the company through
its online mode is the trainer shoes.
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BM564 Enterprise and Entrepreneurship
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BM564 Enterprise and Entrepreneurship
Table of contents
Executive summary..................................................................................................................2
Table of contents..............................................................................................................................................3
Introduction..............................................................................................................................4
Your Proposed Future Business..............................................................................................4
Customers................................................................................................................................5
Competitors..............................................................................................................................6
Skills analysis...........................................................................................................................6
Projected 2- year profit and loss account and proposed 2 years cash flow forecasts including
break-even...............................................................................................................................7
Finding, evaluating and selecting suitable sources of funding to grow the business
opportunity...............................................................................................................................7
Your plans for obtaining your resources, both tangible and intangible between now and
either 1-2 years ahead.............................................................................................................8
The type of organisation and the management information systems required to effectively
control the business.................................................................................................................9
Vision for your Business Idea...................................................................................................9
Conclusion...............................................................................................................................9
References.............................................................................................................................10
Appendices............................................................................................................................10
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BM564 Enterprise and Entrepreneurship
Introduction
The purpose of the report is to ensure that the business that has to be started in the near future
could be beneficial in all the aspect or not. The budget figures are being analyzed that are
being part of the income statement and the Balance sheet of the First shoes. Not only
expected profits being calculated in the report but also breakeven point analysis has been
carried out so that actual units of the shoes that could be sold by the first shoes from their
online store in order to generate profit could be checked accordingly (GALLO, 2018).
Your Proposed Future Business
The product and services that are being offered in the segment is the trainer shoes through
online medium as there is no physical store of the company to sell their shoes. Since this in an
online business and on the basis of research that has been conducted shoes that this market
has been increasing with the rapid pace and it could be reach by more than $500 billion by
2027 considering the present development that has been taken in the shoes industry. With the
rapid increase it is expected that the buyers would continuously show their interest in the
footwear products. Since the business is based on the internet therefor large amount of
audience could get attracted and on the other hand local store has been very limited scope in
order to go for reaching the target audience and higher customer base. The advantage of such
business model is that if the business runs or gains success then the big supplier gets attracted
and provide the contract to the company such as Sainsbury, Tesco or Asda and so on (Haag,
2018).
Customers
The product is being sold to business to business model and business to consumer model too.
Since the first shoes supplies their products and services through online means their fore there
are higher chances that they could attract both the range of customer whether the company or
the end user customer since they are dealing in training shoes therefore they are able to target
both the business model in the short duration of time. The different types of trainers they
offered through their online store could be Canvas Trainers, Fashion Kicks, Runners, Sports
Heritage Trainers, Platforms, Skate Shoes and so on. The USP of this kind of shoes is that
they have the readily market available at all the time and footwear industry has the consistent
growth in the near future. The customer that are being targeted by the business model are
those who are engaged in the sports activity or practice professionally, at the school or
college level that requires the products throughout the year.
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