Sunday, April 21, 2019

My business planning and presentation experience Essay

My business planning and presentation flummox - Essay ExampleAimed at working women aged between early 20s to late 40s, the retentivenesss would carry the house decorator outfits of altogether leading designer labels. As a sole proprietorship firm with a thorough Capital deployment of 350,000 of which I would contribute 100,000 and rest would be loaned from the bank. Expected the breakeven by the end of the first yr Closet expects positive cash flows by the second year onwards. Over 35% of the capital is to be deployed in marketing and promotional activities I be in possession of the long term of objective of having a conglomeration ofThe basic idea of Designer Fashion Retail Showroom is acceptable as viable proposition. Because, the train for designer clothes is always there and the store could primary(prenominal)tain its identity as a store that offers a good selection, reasonable prices, a convenient location would attract and keep customers. However, on hindsight it wo uld have been better to go for a larger single store instead of opening three keen stores at three different locations all of a sudden.4. My work experience as a gross revenue person in the Gucci Outlet gave a lot of practical knowledge on how a sell showroom works, how it regards like, how the customers should be treated, what are the things that customers look for etc. which gave me a lot of confidence.3. My presentation could have been a lot better. ... My work experience as a sales person in the Gucci Outlet gave a lot of practical knowledge on how a retail showroom works, how it looks like, how the customers should be treated, what are the things that customers look for etc. which gave me a lot of confidence.The Weaknesses As realized while making the plan1. Accounting is non one of my strong subjects and that reflected badly on the financial planning of the project. there were several grey areas in the plan that ought to have been taken care of.2. Staffing I paid very li ttle attention to the piece Resource Planning and could not provide a clear picture on how personnel would be recruited, paid and maintained.3. My presentation could have been a lot better. I did not do my homework on certain aspects such as the financial viability of the project. Especially when asked why the bank would give me a loan for such a big amount I was caught on the wrong foot. Also, I could have include a little bit of meaningful humour in the presentation. The flaws in the project as reviewed1. The main problem was that three showrooms were planned within the first month of operation. It was a very flawed idea. There was simply no way that I could have managed all three stores. Moreover, this would eat into our resources so more(prenominal) that it was almost like spreading myself too thin. Instead, what would have been a brighter idea to invest in a single, larger, better store. More space means more places for comfort, more places to display the merchandise, more p laces to keep the stock, more frontages to attract more walk-in customers. And this would also mean that I could be around to meet all my customers and offer my services to them rather than having to run around to all the three stores trying to supervise every(prenominal) little

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