Innovate Your Fashion! » Business

The Art Gallery and Gift Shop Business

admin — Wed, 28 Jul 2010 22:32:06 +0000

A business that includes a picture framing business, an art gallery and a gift shop is a business that has an excellent chance of succeeding. If the location is high traffic this will get potential customers to stop and go through the gallery. If your shop is located in a tourist area you may get an entirely different group to visit your store depending on the time of year.

The gift and framing business should give the store a constant cash flow and the gallery will help the bottom line each quarter. Pictures and art works are an individual like or dislike. What one person would find a must have item another could pass on without a second thought. This means in the gallery you will need to have some variety of art and pictures.

Two attributes are needed to be a successful gallery owner. You must be passionate about art and you must be a good businessman with really good people skills. Negotiating the sale of an expensive piece of art is not a take it or leave it type of sale. It takes some skill and a willingness to deal to make the sale happen.

Start a store, Buy a store, Buy into a Franchise

These are three of the ways to get started in this business. Starting from scratch is the least expensive in start up cost, but also the most difficult to make successful. Buying an existing store is wise for some people as there is already some cash flow and a customer base. Buying into a franchise may offer some advantages, but the buyer should really study the franchise offer and make sure they can live with any restrictions that are part of buying into the franchise.

All of these options have merits and a plus and minus check off system will let you understand better the difference between the ideas. The amount of money you have available for the startup or purchase will also be a determining factor on which way you go. Buying a successful shop that has a clientele is not a bad way to go and may offer the greatest chance of success. Also the current owner may be willing to finance part of the sale price.

A business broker could be of help in finding businesses that are for sale. They would probably be of help in locating potential properties that are up for purchase. They also may be able to give you some solid advice on how much to pay.

Where to find items to sell

Estate sales, eBay and the Internet offer items that could be purchased by a knowledgeable buyer. If you know what the market is looking for or are good at seeing a fad develop, you could find some bargains in these venues. There are many Internet companies that will offer you smaller items for the gift shop and for impulse type purchases. Unusual and visual are two of the prerequisites for items for your shop. People are attracted to the unusual and the more visual the item is the more likely the sale.

Another way to find items for sale is to build up a list of artists that are willing to let you represent their work. Meeting local art teachers and art groups may also let you find an artist before they become famous. Art and craft fairs and shows are another way to find items that could be sold in your shop.

Join any mailing list you can find for people in this business. The more information you have, the better you are able to stay up with what is happening.

Location is important

Location is always important in any retail business. If you wish to sell at the higher end of the art world you better plan on having a prestigious address. Tourist type shops can be on a retail street or in a shopping strip. Good traffic is the key to being successful. You need the walk-by traffic to get people in your shop. The casual shoppers can turn into a customer that spends some real money if your items catch their fancy. You never know who will pull out a credit card and buy the most expensive item in the shop.

Advertising the business

This unusual business lends itself to mail campaigns and e-mail notices. Local radio and TV may work, but you will need to try it on a small level first to see what kind of a response you get from your ads.

A current Internet site is a great way to push the new items in your store. You must have the capability to change your web pages yourself, as you need to make the changes. A stale website is never a good idea. It must be kept fresh.You may want to see what other shops do to gain business if you have some contacts in the business.

Conclusions

This business is different and can be a very interesting way to make money. Inventory turnover will keep people coming back to see what you are currently displaying. One-man shows and special types of art can also bring in the old and new customers. Finding a constant source of new items is the art of running a successful business. New ideas, art pieces and gift items are necessary to stay current in the business. This is the only way to get old customers to stop in and see you again. If your items are stale, the old customers will grow bored with seeing the same thing each time they stop.

New artist and new art pieces will always be a new experience for customers. If you are lucky enough to find an up and coming artist, your shop could become very busy if you are representing the artist. Unknowns can be valuable too, as customers always want to be the first to recognize a new talent.

The range of possibilities in this business is only contained by your imagination. This is the great part of this kind of a business. It is always changing and keeping your interest in what is going on in the creative world.

Succeed in Your Handcrafted Jewelry Home-Based Business

admin — Thu, 22 Jul 2010 22:32:11 +0000

We know how to achieve success in the handcrafted jewelry business and believe that you can achieve your goals as well. Success in a home based business is a dream that many people share, but it’s not all fun and games.

Do you want to do what you want, when you want? Then, you need a big inheritance from a rich relative! No rich relatives? You are going to have to work but on the lighter side, the handmade jewelry business is actually enjoyable with very little start up costs.

Making a business a success takes a lot of hard work and determination above all else. You will be doing all that you can, as much as you can. Success is everything you ever wanted, but it can be frustrating. You must be determined and push yourself above and beyond all your competitors.

The handmade jewelry business is very competitive but also very rewarding. To succeed you must be more creative to make the most unique handcrafted jewelry than your competition. You must offer better customer service than the others. Having a good relationship with customers will help your business succeed. Word of mouth is one of the most powerful advertisements for your business.

Working from home has many benefits especially if you have small children. You can be with them and build your business gradually. You will not have the extra expenses that are involved in a renting a separate work location. Best of all you will be working in the comfort of your own home when it is more convenient for you.

Home based businesses are the easiest and often the most profitable. Handmade jewelry can be ones of the most creative crafts. With a little imagination and some hard but enjoyable work you will be able to succeed in the handmade jewelry business.

The Cabinet Shop Business

admin — Thu, 01 Jul 2010 22:32:13 +0000

A cabinet shop can be started in a homework shop, but in order to do it right a person would need to have a spacious place to do the work. They would also need to have real experience in cabinetry and wood working detail. A knowledge of how to do the work and an artist eye would make a terrific combination to some one looking to own a business in this field.

The obvious way to get into the business is to buy an existing firm and capture many pluses that come with an existing business. Equipment, a place to do the work and a customer base are very good advantages when buying an existing business. A cabinet shop is really a creature of its reputation with contractors and the advertising it does to the homeowners. A good sales staff with a portfolio of quality pictures of prior jobs is also important in getting new business. The homeowner business will be far more profitable than the contractor business.

Both of these customer types are important to keeping the cash flow coming into the business. Some owners in this business will take the contracting jobs just to keep their staff busy. They know they will make money on homeowner jobs.

Locating or finding a business to start or buy

Location of the business is not as important as a retail store’s place of business. The importance of locating the business is having the floor space to do the jobs that come in the door. Also the shop must have solid equipment and a staff that is good at their job. Experience in this business is gained by doing the work and not by book learning. A hand on knowledge is the only way to learn to be an artisan at woodworking. Most people in this field have been doing this kind of work since they were a kid. They may have learned it from their father or another relative.

If you have been doing some small jobs for neighbors or small contractors in your home, it may not be that hard to expand your business as you have some valuable references. Slowly taking on bigger projects is a way to grow your business and still be stationed at home. At some point you will need to get a shop and add an employee or two. Be prepared to spend money and not make a great deal at first. You are at the mercy of customers needing to have work done in order to get the money in the door. This will grow by word of mouth and by some very pointed advertising. It may be a good idea to hook up with a good commission sales person to bring in the business. Again you will have to pay for talent as these sales people who can do the job are highly paid.

Finding an existing business that is for sale is going to require a search. Talk with business brokers about their listings. They may know of a business in your area and they will have listings in other cities. This is not a common business that comes to market so you will have to be patient and maybe check with several business brokers. Once you find a likely candidate, the fun will start.

The art of the deal

The buying of a business is much more complicated than buying a home. There are many factors to take into consideration like, company profit, existing clients, number of people on staff, areas of possible growth, current financials and why is the owner selling. Is the asking price something you can afford and pull off without a huge growth in business? Will the current owner consider carrying paper to make the deal happen? All of these questions will need to be answered and many more. A business broker will know many of the answers to the business details. If he has done his job, he already knows the answers. A pro in this area can make a deal go far more smoothly than if the owner and the buyer was negotiating face to face. The point is let the broker earn the commission he will be paid if the deal goes through.

Money is needed to make the sale

If you have all of the money needed to make the deal, you are in the catbird seat. If you are going to need help with the purchase price, you will need to find a source to help you come up with the difference. A lender of some sort must be found. Your banker, a relative, a friend, a business lender from the internet or the owner himself may be willing to help raise the needed money. If the owner will take part of the purchase in a loan, then you have a start in getting together the funds to buy the business. If the owner is involved, the purchase price will probably increase some. Business buying lenders are found in great numbers on the internet and they are professionals at doing this kind of loan. The other sources mentioned are iffy, but they sometimes will make the short-term money available.

Money is the name of the game in this kind of a purchase. It will make the difference in the price and the possible success of the venture. Be careful of too heavy of a debt load when buying a business. This can sink the project right from the start.

Conclusions

This is a unique business that the owner must bring exceptional skill to in order to be successful. Woodworking talent is at a premium to do this business right. A staff of professionals must be acquired in order to grow. Talent comes at a price and must be kept happy in order to keep them. The new owner must be a sales type person or be willing to hire a talented person in this area. Sales is the name of the game in any business and this one is no different.

If you are planning to buy a cabinet business , visit Cabinet Businesses for sale , where you may be able to find a business near you.

COFFEE SHOP BUSINESS PLAN:

admin — Sat, 05 Jun 2010 22:34:30 +0000

If you are planning to open a coffee shop business then, the basic and foremost thing is to prepare a realistic and detailed business plan. It will be beneficial in number of ways: It helps you to accomplish your desired goals and objectives, to make important decision easily and effectively in no time and to attract potential investors and lenders.

It is necessary that your coffee shop business plan attract investors and lenders. This should tell them about your goals and objectives, how you will be able to achieve to desired goals and objectives, management plan, marketing plan, financial plan, etc in brief.

Below is sample business plan for a coffee shop:

Taste blender

Business Plan for the Period

Starting January 2008

Business Overview

Business history: Taste blender is a new coffee shop, located in Old Town. We provide you best coffee, tea, cappuccino and frozen cappuccino. Currently there is no other coffee shop in this area. Our target audiences are students, friends, artists and families of all ages.

Vision and Mission Statement: Taste blender is the first coffee shop in Old town. Our mission is to serve best product at very reasonable price with pleasant atmosphere, which can be afforded by everyone easily.

Objectives: Our primary objectives over the next year are:

Introduce homemade cookies, brownies and cakes.
Renovate our space in Old Town.
Offer free delivery service in schools, office, home.
Create cozy and friendly environment.

Ownership: Taste Blender is a general partnership between Tessa and Michaela Mason.

Location: Taste Blender is located in Old Town, New York.

Products and Services: Description of Products and Services:

Taste Blender will offer high quality coffee, tea, cappuccino and frozen cappuccino at a very reasonable price. All drinks are made with high quality ingredients
Our next plan is to introduce homemade cookies, brownies and cakes.

Industry Overview

Market Research: There is no other coffee shop in Old Town.

Size of the Industry: Coffee shop industry is nationally very big, but in Old Town the nearest one is more than 6 or 7 miles away.

Industry Outlook: We can say that, our coffee has uniqueness, which will lead our business towards success and with the new innovations we will make changes in our ingredients and introduce new recipes.

Marketing Strategy

Target Markets: Our target audiences are students, friends, artists and families of all ages, who want to relax at nice, quiet and cozy place.

Description of Key Competitors: Our biggest competitor is “The perfect cup” with a “Tea room”.

Analysis of Competitive Position: Our friendly environment and low pricing strategy will be the key to our success.

Pricing Strategy:

We will offer four sizes of drinks, small $2.00, medium $2.50 and large $3.00.
Our cookies and brownies will sell for $1.50 each.

Promotion Strategy: We intend to advertise on Internet, television and newspaper.

Management and Staffing

Management Team: Tessa and Michaela will share their responsibilities equally.

Staffing: We will hire about three or four waiters.

Labor Market Issues: We will hire high school students who are looking for part time or full time job. In this area there are number of high school students looking for work.

Implementation Plan: Implementation Activities and Dates:

Begin building renovation 12/08
Complete renovation 2/15/08
Begin preliminary advertising 2/15/08
Purchase and setup equipment 2/15/08
Open for business 3/1/08

Financial Plan: Your financial plan will begin with balance sheet, then your income statement and in last is your cash flow statement.

Conclusions: After making your coffee shop business plan the last part is conclusion. Conclude your entire coffee shop business plan, read and proofread your business plan in order to get error free draft.

My Coffee Shop Business Plan – what should it contain?

admin — Tue, 13 Apr 2010 22:13:59 +0000

Putting together a coffee shop business plan is just one of the many challenges facing any one who wants to start a coffee shop and is in need of funding, so what form and structure is best?

While there are plans available you can download, they will cost money that can be better spent elsewhere and they almost certainly not be tailored to the niche area or locality you are interested in.

Your opening statement is a vitaly important part of any document you put together. It’s a bit like hearing a new song on the radio. If you like the first bit, the chances are that your potential investors will hang around for the meat of your coffee shop business plan. The statement should cover your idea, management plans, profit projection and so on.

If your ideas are clear, then the next part, your mission statement – should be easier. Will you only serve coffee, what foods will you serve..and what objectives can you set yourself? Do you want to be the number one shop in a specific area? A mission statement will help you be precise your goals and ideas and it’s a great way to impress potential investors with your ambition.

The financial plan will include your projections on costs and revenue. Don’t forget that you might be able to get local grants and subsidies to encourage new business. You should also have details in mind for every 3 months of your first year, and a five-year plan. Again, this will help you focus on your ideas, structure and how you will make your shop profitable in the long term.

Writing a coffee shop business plan along these lines will help focus your mind and give you some clues already as to if your start up might be a success.

For a more detailed hints on your coffee shop business plan follow the links for advice plus insider secrets and contacts on how to start up a coffee shop

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Handcrafted Jewelry Business Savvy: The All-Important Mailing List

admin — Wed, 17 Mar 2010 22:31:51 +0000

Selling handcrafted jewelry is a competitive business in a relatively saturated market, so how do you make yourself stand out from the sea of other jewelry makers? One great marketing strategy is to have a mailing list and to actively send out mailings.
Here are 9 great reasons any jewelry artist should build and nurture a mailing list.
1. To remind people that you exist.
People are very busy these days, have a lot on their plate. They are very easily distracted and sidetracked. I know I am, despite my best efforts! I receive a number of newsletters by email, and I am much more likely to return to these companies websites than the ones I bookmark and mean to go back to. Enough said.
2. To make it easy for people to find you and contact you
Sometimes people need help. Even if they mean to call you or order online from you, they may forget, become distracted, or may forget your business name. They may make a mental note to contact you but never get around to it. Make it easy for them by sending them regular mailings.
3. To build trust
This is a very timely concept. People have been scammed, let down, and underserviced so many times that they are naturally wary and suspicious of anyone trying to sell them anything. Getting your name in front of people on a regular basis and sending them quality information with their needs in mind goes a long way towards building trust.
4. To build relationships
In our fast-paced world where everyone is bombarded constantly with advertising from huge impersonal businesses, people seek a connection. If you can make that connection and allow people into your world, they begin to feel they know you. This is of course positive for you and your business.
5. To keep in touch with your existing customers.
You have peoples’ addresses because they have given them to you either through an online subscription, personal inquiry, by asking to be added to your mailing list, or by in some way asking you to contact them further. If your customers and prospects have shown interest in getting updates from you, you are doing them a disservice if you don’t follow up.
Have you ever inquired about a product by email and never gotten a response? How did that make you feel? I know that I feel like the company is poorly managed and that they clearly don’t care about their customers. People get very excited by even basic customer service nowadays so give them a little by sending them newsletters, notifications and updates.
6. To follow up leads.
Leads are people who have shown interest in your work or your business but need more incentive to buy. This goes back to the 7-10 rule which states that people statistically need to become familiar with you by seeing you 7-10 times before trusting you enough to purchase something they want from you.
7. To make more sales from your existing customer base.
It is Easier to Sell to a Customer than a Prospect i.e. It is much easier to convince previous customers to buy more from you than it is to convince someone to buy from you the first time.
This is assuming of course that they had a good experience with you in the past. Regular customers are most businesses bread and butter. Offer them the good stuff first and they’ll keep coming back. A mailing list is the perfect way to notify them of your promotions and new products first.
8. To target your marketing and make the best use of your time.
Your time is limited and you want to get as much bang for your buck as possible. A mailing list is made up of people who are already interested in you and your products or services so following up with them by email is a great use of your time.
9. To give great customer service and extra value.

Sending out regular mailings is just part of great customer service. If you do it respectfully, regular mailing can make make your customers feel cared for and special.

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Coffee Shop Business Plan

admin — Tue, 09 Mar 2010 22:31:52 +0000

Many people love to indulge in the occasional cup of coffee because of its taste or aroma. That is why there are many coffee shops around every corner that have been operating for many years. It is no easy task though to maintain and operate a successful business. You have to input a lot of time and effort. It is therefore necessary as with any other business to have a realistic and detailed business plan.

This will help you attract capital that you may need to buy stock or pay rent. You should have an opening statement that is captivating and clearly projects what your business is all about. This should talk about your idea, management plans etc in brief. A mission statement that reflects your objectives and goals will be the next thing you have to put in place. This shows where you want your business to be in a few years and shows your level of ambition.

The location of the business and what you intend to serve should be included. In addition, you should also state how you intend to hire and retain qualified employees. This is a sensitive and sometimes problematic part of the business that needs to be addressed in the business plan. You will have to come up with a way of solving these problems and you should also include a contingency plan.

The strategy that you intend to use in order to keep the costs of basic supplies like coffee beans, sugar, cups etc under control. Even if you are going to get the best rates available, you should not compromise on your quality. A section detailing the level of your competition in the market is important. In addition you need to show the uniqueness of your business which will help draw customers. When you have a coffee shop business plan, you will be able to cover all the aspects of your business that you may have forgotten.

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Three tips to run a successful small machine shop business

admin — Sat, 13 Feb 2010 22:31:57 +0000

Small machine shops are usually started and run by entrepreneurs who are passionate about machining as a trade and are naturally uplifted by the machining business. These entrepreneurs are not swayed by the thoughts of growing their small machine shop business into a multi million dollar enterprise, but are rather satisfied with having a small batch of repeat customers whom they service with their heart and soul. Nevertheless, these small machine shop owners do contribute a lot to the overall economy by providing quick and dependable service to larger shops who either do not want to be bothered by the small jobs or are looking for a quick source of machining a job that would interfere with their normal production schedule. Nevertheless, as small as these outfits may be, they are still a business venture and all of the headaches and pitfalls that plague larger companies also affect these mini machine shops.

In order to succeed in running a small machine shop, there are three tips that we will consider in this article. The first tip is that you need to provide a very quick delivery on the parts that you are being asked to machine. This is the biggest reason you are in business as the owner of a small machine shop and your customers count on the quick turn time. Even if it means putting in very long hours, evenings and weekends if need be, you have to deliver quick results. Hence delivery cycle is the first and foremost item of importance.

Secondly, it is price. Your price needs to be as low as you possibly can go, without losing money on any job. Because small machine shops are easy to set up, if your price becomes unreasonable, your customer may simply move his business to the one down the street. Hence price needs to be the second important factor in succeeding with a small machine shop.

Thirdly, quality of workmanship is very important when operating a small machine shop. This means all of the blueprint characteristics have to be met all of the time. This includes maintaining proper tolerance levels, surface finish requirements, chamfer and radius data and so on. Quality is a given in today’s world of manufacturing and regardless of how quick you can deliver or how low a price you can sell your services at, your quality cannot suffer.

Thus keeping close tabs on the three issues of price, quality and delivery all of the time can ensure success for your small machine shop operation.

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Success in Handcrafted Jewelry Wholesale Jewelry Home-Based Business Can be Yours

admin — Fri, 29 Jan 2010 22:32:00 +0000

Home based businesses are the easiest and often the most profitable. Handmade jewelry can be ones of the most creative crafts. With a little yimagination and some hard but enjoyable work you will be able to succeed in the handcrafted jewelry and wholesale jewelry business. The handmade jewelry business is very competitive but also very rewarding. To succeed you must be more creative to make the most unique handcrafted jewelr than your competition. You must offer better customer service than the others. Having a good relationship with customers will help your business succeed. Word of mouth is one of the most powerful advertisements for your business.

Working from home has many benefits especially if you have small children. You can be with them and build your business gradually. You will not have the extra expenses that are involved in a renting a separate work location. The space required can be anywhere, any size and there are few tools required so start up is relatively painless financially. Best of all you will be working in the comfort of your own home when it is more convenient for you.

We know how to achieve success in the handmade jewelry and wholesale jewelry business and believe that you can achieve your goals as well. Success in a home based business is a dream that many people share, but it’s not all fun and games. Do you want to do what you want, when you want? Then, you need a big inheritance from a rich relative!

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Online Shopping! the #1 Best Home Business

admin — Wed, 13 Jan 2010 22:13:54 +0000

Online technology! Everything is exposed all over the world. Online shopping technology is a breakthrough that everybody can certainly benefit from, should they choose to do so. But why wouldn’t they? Lets face it, nothing is perfect and when I last checked it probably never will be here at least. But it is a step forward toward something that can be a great benefit to everyone in some way. Customers, vendors, factories, even the economy in some ways can be strongly affected in a positive way. Jobs, saving gas, buying for less and much more.

Online shopping creates jobs. Jobs that create a great sense of security for the future because you come to realize that you can earn extremely huge amounts of cash in short amounts of time. Owning your own home business in the online shopping industry or perhaps another equally or better home business to get involved in verses working for someone else for an hourly wage though it holds little promise for the long term future it can provide some immediate financial relief but not without consequences of always needing more, living week to week, social security is even questionable anymore. Then the 401K is taking a risk but seems to be a long term strategy of

choice and holds the same uncertainties. I checked an old 401K that a company that I’d worked for 5 years ago had put into place for me and found that it was down $300.00 from 6-8 months ago. The problem? Someone else that you don’t even know is being entrusted with all that you have to secure your future with and are investing it with no guarantees. We were all created for greatness! We were created to prosper and to excel! But You are the driver and are in complete control as to where your future takes you or you should be.

Taking charge of your own future! I personally use online shopping as an example of a vehicle to use to gain control of your future simply because #1. Since the beginning of the internet millions of ordinary people like you and me have taken charge of these types of businesses and have used this

fantastic technology and have been known to change their lives Financially beyond belief, beyond a comprehension that even their own imagination did not realize. It’s that easy. #2. In the year 2006 owners of online shopping type home businesses shared something like 18 Billion dollars in sales and in 2007 that increased to 22 Billion dollars. Now ask yourself just how much would you have earned in those 2 years working for someone else and how much of it has been put away securely towards your future. #3. Selling Information products, and sites that sell products in general in every category are doing just what they are designed to do sell, and so online shopping stores do well as a result. Selling information and other products are the internets #1 Selling industry. Online shopping is very, very, convenient for most everyone who chooses to shop. You don’t have to get dressed up and get in the car and fuss with traffic or the waiting in the lines in the different department stores etc.

For customers online shopping merely requires them to get out of bed grab a cup of coffee or their favorite beverage and simply go online and see all that they desire to see and buy products at their convenience and that makes online shopping very popular, with the exception of other factors mentioned above mainly saving fuel, and not having to deal with the traffic and crowds, the bargains are better and more plentiful and also they get to

see more of the latest new products online while relaxing in the comfort of their own home. And for the business owners basically a little advertising strategy and it could mean money in the bank.

You would be surprised just how easy it is to start an online shopping store, truly amazed. Some offer complete set-ups with hosting , a website stocked with thousands upon thousands of products with major brand named well established companies, some even help in getting your store some page rank in the search engines and the best part is you can set them all up with just a few clicks of the mouse and youre in business, an absolutely amazing concept.

Innovate Your Fashion! » Business

The Art Gallery and Gift Shop Business

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