I am in need of some help in writing a business plan for a fashion, video game and web design company.
The plan will include all the above put together because it's the same company.
I know I need:
1)Executive Summary
2)Company Overview
3)Marketing and Sales Plan
4)Operations Plan
5)Financial Analysis and Projections
I want to focus on the fashion part first. So can or will someone help please?
Well, it's pretty much impossible to write the Executive Summary until the rest of the plan is written! So start with #2.
http://www.google.com/search?q=write+a+business+plan&ie=utf-8&oe=utf-8&aq=t&rlz=1R1GGGL_en___US321&client=firefox-a
Once you complete each section, you can post it on Jiskha if you'd like people's feedback and commentary.
I've read "The Fashion Designer Survival Guide"
From the Company Overview section, I need a more simple way to understand what I need to do (if that's possible)
They say first start with some background on the fashion industry and the potential for your product in the market. What do they mean exactly? It's probably a duh question but it's not that clear to me.
1. "some background on the fashion industry" = what's going on right now, especially things that you will try to incorporate into your own business?
2. "the potential for your product..." = what will your product have or be that isn't already out there?
Consider this, which was featured on yesterday morning's CBS Sunday Morning television show -- http://www.cbsnews.com/stories/1998/07/09/sunday/main13562.shtml
----------------------
EASTER 2009: Tip O' The Hat
At President Obama’s Inauguration, Aretha Franklin delivered a powerful rendition of “My Country Tis of Thee." But it was her hat that caught the attention of the world.
Nancy Giles meets the man behind the hat. His name is Luke Song and his shop, Mr. Song Millinery, has been a staple in Detroit since 1982.
Song has been called an “accidental milliner” because neither he nor his family expected him to go into the family business. He studied biochemistry in college, thinking he’d become a doctor. And then he studied art in New York City. But when he returned to Detroit in 1997, he was inspired to create a hat out of chicken wire that became an instant hit with customers and allowed him to pay off his student loans within a year.
And while Aretha Franklin may be his most famous customer, Mr. Song Millinery is now in over 500 retail shops around the country. And because of the inauguration hat, Luke Song expects sales to increase 300 to 400% this year.
Given all the dire news reported from Detroit everyday, Luke Song’s story is one bit of good news coming from the Motor City.
For more info:
http://mrsongmillinery.com
So for whats going on now I can write:
In shaky times, it never hurts to go with what works. And what works is goddess dresses. Light and airy at Marchesa, like liquid mercury at Yves Saint Laurent, and accented with jewels at Malandrino and Monique Lhuillier, Grecian draping made waves on the runways, and it'll generate plenty of heat on the red carpets, too.
from the style website
Put a colon -- : -- after "goddess dresses" and the rest is fine.
Of course, I'm here to help you with your business plan! It's great that you have identified the key elements you need to include. Now, let's break down each section and see how you can approach them for your fashion, video game, and web design company:
1) Executive Summary:
The executive summary provides an overview of your entire business plan. It should briefly introduce your company, its vision and mission, and highlight the key points of each section. Start by summarizing your fashion business, followed by your video game and web design components.
2) Company Overview:
In this section, provide detailed information about your fashion, video game, and web design company. Explain your vision and mission, target market, unique selling points, and why you believe your company will be successful in these industries. Include any relevant background information, such as the experience and expertise of your team members.
3) Marketing and Sales Plan:
For the fashion aspect of your business, focus on how you will promote and sell your products. Discuss your target audience, their preferences, and the competitive landscape of the fashion industry. Outline your marketing strategy, which may include online and offline advertising, social media engagement, collaborations with influencers or fashion bloggers, and participating in relevant industry events. Additionally, explain your sales channels, such as e-commerce platforms, retail partnerships, or direct sales.
4) Operations Plan:
This section should cover the operational aspects of all three components. For the fashion aspect, outline the production process, including sourcing materials, manufacturing, quality control, and inventory management. Describe how you will handle customer orders, shipping, and returns. Also, discuss the software and equipment needed for video game development and web design services, staffing requirements, and any partnerships or outsourcing arrangements.
5) Financial Analysis and Projections:
In this section, provide a comprehensive financial analysis for all three business areas. Include a breakdown of costs, such as production expenses for fashion, software licensing for video games, and equipment for web design. Develop a sales forecast, cash flow projection, and profit and loss statement. Additionally, include a funding plan, showing how you will secure the necessary capital for your business.
Remember, while focusing on the fashion part first, make sure to integrate the connections between the fashion, video game, and web design components throughout the plan.
To gather more specific information for each section, consider conducting market research for the fashion industry, analyzing potential competitors, and researching industry trends in video game development and web design. You can also seek advice from professionals in these fields or consult relevant online resources.
Lastly, keep in mind that your business plan should be well-structured, concise, and compelling. It should demonstrate a clear understanding of the market, how your company will meet customer needs, and the potential for growth and profitability.
I hope this guidance helps you in writing a comprehensive business plan for your fashion, video game, and web design company. If you have any further questions, feel free to ask!