SIMPLE BUSINESS PLAN
Think your plan through. Answer every question. Be specific in your responses. Have fun AND do the work. If you
don’t have a business name or idea yet, just pretend. Make one up. EX: Karen’s Cookies, Tax Services by Me, etc.
Use your MONTHLY PROFIT and 5-WAYS CALCULATIONS tables for the financials.
BUSINESS IDEA
What is the name of your business?
PrincessTingzzz
Describe your product/service (be specific):
Skincare line that is offered to all races and
age groups. My skincare line purpose is to
produce quality products that are consisted
of natural ingredients.
Who is your ideal customer (tell us about their habits
and hobbies):
My ideal customer are mostly teengagers and young
adults, especially females who suffer with low self
esteem , who wish to be change their appeance but,
with a more natural, & healthier way.
What need does your business fill for your customers?
Provides them with healthier supplements
not only for their skin but their bodies.
MARKETING (HUSTLING)
How will customers learn about your business?
Social Media, direct marketing etc.
How can you encourage referrals?
Reaching out to customers. Request
feedback and utilize this information for
future alterations.
FINANCIALS (MONEY MATTERS)
What is your projected Monthly Income (sales)?
$1000
What are your Cost of Sales per month? (Variable)
$50
What are your monthly General Expenses? (Fixed)
$50
What are your Startup Costs? (One-Time)
$500
What is your projected Monthly Profit (sales minus the
total of all expenses except startup costs)?
$900
What is your projected Profit Margin (profit/sales=%)?
90%
STRATEGIC PLANNING
After 1 year of business, what is your projected
Annual Profit? Show as # customers x average annual profit/
customer = Annual Net Income (profit). Clarify currency.
12* 900= 10800
Name a specific challenge your business may have.
How do you plan to prevent it from happening?
Cmpetition- Many companies use lab based
ingredients into their products, which isnt necessarily
heakthy for their customers, As such I intend to use
natural ingredients for my products which by doing
this, gives me a leverage over all these brands.