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Business Plan 1
Business Plan 1
MISSION
3.) Promotions:
The Scanshope offer promotions such as discounts to
attract new and loyal costumers
3.Inventory Management:
Implement an inventory management module that tracks
and manages the stock of products in your shop.
5. Operating Plan
Location and Facilities:
Select a suitable location for your body scan and shop that is easily
accessible to your target customers. Consider factors such as
proximity to fitness centers, shopping areas, or health-conscious
communities. Ensure that the facilities are spacious enough to
accommodate the body scanning equipment, retail displays,
customer waiting areas, and staff workstations.
Product Selection:
Curate a range of products that complement the body scanning
services you offer. This can include fitness apparel, health
supplements, workout equipment, or body care products.
Consider partnering with reputable brands or conducting market
research to identify products that align with your target customers'
preferences and needs.
Customer Service:
Prioritize exceptional customer service to enhance the overall
experience. Train staff to be knowledgeable, approachable, and
attentive to customer needs. Implement systems for handling
customer inquiries, complaints, and feedback promptly and
effectively. Consider offering personalized recommendations
based on body scan results and providing educational resources to
help customers achieve their health and fitness goals.
9. Financial plan
Year 1
Revenue: $ 400,000
Cash from Financing: $ 150,000
Advertising and Promotion: $ 10,000
Operating Expenses: $ 200,000
Net Income: $ 100,000
Year 2
Revenue: $ 800,000
Cash from Financing: $ 300,000
Advertising and Promotions: $ 20,000
Operating Expenses: $ 400,000
Net Income: $ 200,000
Year 1
Cash from Operations: $300,000
Cash from Investments: $(50,000)
Cash from Financing:$100,000
Net Increase in Cash: $350,000
Starting Cash Balance: $50,000
Ending Cash Balance: $400,000
Year 2
Cash from Operations: $650,000
Cash from Investments: $0
Cash from Financing: $0
Net Increase in Cash: $650,000
Starting Cash Balance: $400m000
Ending Cash Balance: $1,050,000
Balance Sheet
Assets:
Cash: $400,000
Accounts Receivable: $50,000
Inventory: $75,000
Total current Assets: $525,000
Fixed Assets: $100,000
Total Assets: $625,000
Cash: $1,050,000
Accounts Receivable: $100,000
Inventory: $125,000
Total current Assets: $1,275,000
Fixed Assets: $125,000
Total Assets: $1,400,000
Equity: $450,000
Equity: $1,200,000
Total Liabilities: $625,000
Total Liabilities: $1,400,00