Tobacco Retail Business Plan


Tobacco Retail Business Plan


Introduction

Kiowa Smoke Shops LLC has been in business as a family company since the early 1960’s.

The tobacco industry has been in serious decline for the past ten-years due to increasingly hostile regulation, judicial decisions and tobacco opposition groups. Kiowa has suffered a falling client base and increased costs. It also faces increasing difficulties in distributing its products. The first time in history, management was forced to lower staffing levels and implement pay cuts. This is why the company is trying to develop a future revitalization plan. This plan includes reducing costs, improving efficiencies, new distribution and marketing channels and a new venture into a combined cafe and tobacco store.

The Company

Kiowa Smoke Shops Limited Liability Company is a class-C Limited Liability Company that has been officially registered in Kansas. Kiowa is exclusively owned by Mr. Fernando Renaldo and his wife, Elizabeth. The company does not expect to hire new owners in foreseeable future.

Carlos Armando Renaldo with his family fled Cuba for America in 1960. They had been tobacco growers in Cuba for many generations. But the communist revolution there had limited opportunities for growers to escape from government-controlled areas. Once in America, Mr. Renaldo leveraged his family connections there to create Santiago Cigar Store in Orlando, Florida. Santiago&#8217, which was catering to the rapidly growing Cuban population, opened his shop in Orlando, Florida. It grew over the next 18years. Fernando Renaldo bought the business from his father in 1979 and relocated it to Kansas City. To conform to the image of the midwest, the younger Renaldo changed the name to Kiowa Smoke Shop. Since then, the company is thriving enough for Renaldo’s purchase of two other tobacco shops.

Products

Kiowa Smoke Shops offers the widest variety of specialty and named brand tobacco products in the Kansas-Missouri area. These include cigars from Mexico, Spain, India, the UK, and other tobacco producing areas. We also carry cigarettes, both national and international brands, and roll-your-own tobacco products for clients who want to create their own cigarettes.

The Market

The United States is both the world’s largest tobacco importer and exporter, and also the second largest tobacco producer in the world, just behind China. The majority of U.S. tobacco is used to make cigarettes. But, cigarette use and exports have both fallen 16 percent in the last decade, while other tobacco products have also suffered a decline. The current market is very unfavorable for Kiowa Smoke Shops. The Master Settlement Agreement (MSA), signed in November 1998, has forced cigarette companies to raise prices due to the payments. Consumers have been less likely to smoke because of higher prices. The long-term decline in cigarette consumption due to non-economic factors continues as well, as private tobacco opposition and health care organizations continue to push for the elimination of all smoking throughout the nation.

Kiowa offers a number competitive advantages. These include established supply chains and their various cost advantages, multiple locations throughout the Kansas City area, as well as our future combined cafe/tobacco store that will produce more volume and increase client loyalty. This facility will serve as a pilot to test the long-term economic viability of the idea. If it proves successful, we plan to expand our facilities in order to provide this unique experience to all customers.

Kiowa can only do a limited amount of marketing. We do plan to advertise with specialty publications like Smokehouse, Cigar Connoisseur, etc. We also plan on advertising in a few local magazines, such as Kansas Highways, Midwest Life or others that target upper-income persons. To create links to our informational website, we are looking to form partnerships with other internet companies. When we launch our online ordering features we will intensify these efforts.

Financial Considerations

Kiowa, a company that has limited debt, intends to continue being so. We expect to see increased profits from our revitalization efforts by the end of Year 1. In the coming three years, we anticipate that a large portion of our profits will go towards our new website and café ventures. We don’t anticipate any cash problems.

1.1 Objectives

The overall decline of tobacco has led to lower profit margins as well as increased risks and costs. The following goals have been set for a revitalization program to help us remain a viable business.

  • Reduce costs by 15% over the next three years and ultimately by 20%, specifically concentrating on inventory overhead.
  • Expand our customer base through the launching of our new website and our online ordering distribution outlet. Select national advertising can increase market awareness of our products.
  • Create a tobacco cafe to enhance our patron’s buying experience

1.2 Mission

Kiowa Smoke Shops is committed to providing high-quality products and brands at a fair price. Kiowa wants to provide an exceptional experience to its patrons. The shop carries the most diverse tobacco products, and creates a cozy and relaxing environment for specialty and recreational customers. Kiowa will continue to maintain the highest standards of service in the tobacco industry.

1.3 Keys to Success

With the industry being increasingly pinched by declining numbers of customers and more and more hostile judicial and federal regulations, we must insure the following priorities:

  • To ensure sufficient profitability, we need to expand our customer base.
  • High-quality customer service will increase customer retention.
  • To reduce collection days, improve accounting practices and increase cost assessment, and decrease costs.

Auto Inspectors Business Plan


Auto Inspectors Business Plan


Portland Mobile Auto Inspectors allows prospective car buyers to inspect used cars from their mobile phones. Portland Mobile Auto Inspectors provides all the necessary testing equipment to inspect used cars and travels around Metropolitan Portland. Service calls can be made at any hour of the day or night. Customers can schedule an appointment to meet the Portland Mobile Auto Inspectors where their vehicle is located. The inspection can be completed in one to one and a half hours. A detailed printout is then provided detailing the results of the tests and how they were performed.

Portland Mobile Auto Inspectors will end the dilemma faced by used car buyers. The mechanics offer inspections during normal business hours that are not available to most people during the day.

Portland Mobile Auto Inspectors, which is a sole proprietorship by Portland, will reach profitability in the six-month period and generate $93,000 in revenue by year three.

1.1 Objectives

The objectives for the first three years of operation include:

  • To create a service-oriented company whose primary goal to exceed customer’s expectations.
  • To increase customer base by 20% annually.
  • To develop a sustainable start-up business.

1.2 Mission

Portland Mobile Auto Inspectors’ mission is provide convenient, thorough, and affordable used car inspections. We exist to retain and attract customers. This maxim will guide everything else. We exceed our customers’ expectations.

1.3 Keys for Success

Delivering a service that exceeds customer expectations is key to your success.


Women’s Boutique Shoe Store Business Plan


Women


One, Two, Step! You will find only the highest quality shoes and accessories for women at our store. The selection includes everything from basic flats and sandals to trendy stiletto boots and shoes. To best suit our customers, we will be purchasing directly from the manufacturers and selling to them in a wide range of sizes and colors. Shoes will account for the largest percentage, followed by accessories.

One, Two, Step! It is organized in the name and sole proprietorship of Chloe Goodlowe. One, Two, Step! Temporarily, it will be at 123 Shoe Lane, Houston, TX. It will remain there until it grows large enough to open a store in West Houston.

The hours of operations will be Monday through Friday from 10 a.m. until 6 p.m., Saturday from 10 to noon and 8 p.m. (closed Sundays). Customers will be able purchase directly via our website and VIP showcase events. Extended hours will be available during the Christmas holiday shopping season.

All merchandise will be bought according to the company’s mission. The management will take customer feedback, suggestions and sales reports into consideration when introducing or removing certain brands, styles, and sizes.

The Concept

Recognizing that quality shoes in large sizes are very scarce, it is important to use larger shoe retailers like One, Two, and Step! Targeting niches will reduce competition. Generally, focusing on other retailers whose prices are too high, lack quality, and are not’shoe size efficient’ will help to minimize that competition.

One, Two, Step! There are three keys to success. The first is to establish high-quality, high-value relationships with its suppliers and customers. Second, ensure that products are delivered promptly and reliably. Dependable administration is the final key to success. This small business plan is designed to give you the structure needed to realize this last key.

One, Two, Step! The business is initially set up to be a home-based venture with plans to eventually expand to a shop/boutique. This will allow you to save money while still providing the best service and support.

The Market

One, Two, Step! The company will continue to grow at 3%, and there are many potential clients now, eagerly waiting for the start of business. One, Two, Step! You will find us to be more affordable than other retailers, but the same high quality shoes.

A monthly sales promotion will be offered by us, such:

  • buy one, get one half price
  • buy one, get one free
  • Take half off your previous season’s shoes
  • “One, Two, Step!” dollars (for every $50 dollar purchase, the consumer receives an additional 20% off of their next purchase)

One, Two Step, Step! will design its own, custom-made shoes for women and men.

The Sales Strategy

Our marketing strategy will not exceed 5% of our annual gross sales. We will use a wide range of approaches, including our website with free shipping, postcards, business cards, and word of mouth.

Objectives

The goals of One, Two and Step! are:

  1. To sell fashionable and elegant shoes, sizes 5-13, that can be worn by every woman.

  2. To get a 50% profit margin within the first one year.
  3. To provide excellent customer service. This is measured through repeat and new customers (our goal being that 50% of our customers return within 6 months to purchase additional products) and multiple sales. Our goal is that 30% and 60% respectively of our non-running and running shoe sales come with additional purchases.
  4. To make a net profit in the second year and in the fifth year of your career, you will need to earn $15,000 and $5,000 respectively.

Mission

The One, Two, Step! Our mission is to provide high quality accessories and shoes from name brands in a variety of sizes to suit the chic woman.

Keys to Success

For women to succeed in the shoe industry, one, two, step! must:

  • Take a selection of shoes that will suit your personality, in varying sizes.
  • Customer service excellence in southern hospitality.

  • Advertise and promote in all areas so that our customer base will learn more about One, Two, Step!
  • Continuously assess our inventory and sales to adjust our inventory levels.
  • Lastly, be sure to stay up-to-date with the latest styles in women’s shoes.

    • Tutoring Service Business Plan


    Tutoring Service Business Plan


    Opportunity

    Problem

    Schools are often underfunded. Children need schooling. Tutoring is a way for children to learn.

    Solution

    Bryan&#8217’s Tutoring Service offers tutoring services in a range of academic subjects. You can arrange private sessions or have students form groups to tutor. While private sessions provide intensive individual assistance, groups sessions are more cost-effective and encourage a team-based approach. Bryan’s Tutoring Service, which is based on The Atkinson, offers a wide range of past exams. This collection can be invaluable for studying the material or for exam preparation. Bryan’s Tutoring Service employs the Systematic Analysis Framework (SAF) for all students. This unique problem-solving approach is used by students to tackle all subjects they come across in school. This system provides students with a method to better solve their own questions. This system is different than most tutors. They are focused on answering student&#8217s immediate questions, but not teaching them basic problem solving skills for future application.

    Market

    Bryan’s Tutoring Service identified several target markets that they will pursue. Willamette Business students is the largest market segment. Bryan has strong relationships with the majority of business program professors. This allows Bryan tailor the tutoring to suit the course material and to receive referrals. There will be three types of clients in this market segment: international students, non-quantitative customers, and quantitative clients. Bryan’s Tutoring Service is available to undergraduate students at Willamette College and other nearby colleges.

    Concurrence

    Tutoring is as old as students. As long as students become overwhelmed, tutors are needed to help them catch up with their classmates. To make certain materials understandable, some need to be explained differently.

    While tutoring is an important need, most tutoring on the market today is unorganized and infrequent. What sets this company apart is its experience and the attention paid to individual needs of students.

    Why Us?

    Bryan&#8217’s Tutoring Service exists in order to assist students. Our unique teaching method helps students to connect with the material they need to master. Through personalized and focussed teaching processes, our students develop the tools they need for ongoing success in their fields of study. Our success is dependent on our ability to listen to our clients and help them succeed.

    Expectations

    Forecast

    This is a personal tutoring firm. Bryan will be able make enough money during the school year in order to support his needs as students are less and June July and August come around. He will need to pay rent, eat, etc. between group sessions.

    Financial Highlights by Year

    Financing Needed

    Bryan will use his savings for this venture. He doesn’t require much but enough to cover his first month of rent


    Document Storage Business Plan


    Document Storage Business Plan


    Shaw’s Records Management & Data Storage (Shaw’s) is a full service, computerized records management firm that provides secure storage and indexing for paper records, digital media, and other business-critical information. This includes computer disks and tapes as well as optical disks, microfilms, audio and video tapes, blueprints, and medical records.

    Our customer’s records are safe in our 30,000 square foot facility. The comprehensive security system has both interior and exterior cameras to ensure 24-hour monitoring.

    Shaw offers a personalized service that includes data conversion and ORC, records relocation, and retention schedules. We provide specially designed boxes and other supplies which make handling records easier.

    Shaw&#8217, gives customers competitive edge with state of the art technology, unprecedented security, quick-response and unmatched customer service. Our computerized facility can be found in the northeast corridor and is easy to reach from Monroe or Tracy. The northeast corridor is home to over 5,000 companies that are constantly seeking advantage in the marketplace.

    Our customers have a competitive advantage in today’s business environment by having quick and easy access of critical information. Shaw’s records management and storage can be outsourced to them. This will allow them to store their records in an organized manner and increase the speed and ease with which they can access them.

    Shaw’s Record Management and Data Storage owner Martin Shaw has more than twenty years of industry experience. He is a key figure in the creation of record management systems with Alco Industries. Promerit.

    1.1 Mission

    Shaw’s mission is to ensure that customers have control over all information. This will improve their regulatory compliance and increase their cost effectiveness.

    1.2 Objectives

    Shaw’s objectives are:

    • Within the first year of operations, reach your sales goals.
    • Reach 200 companies as a customer base
    • Increase sales with modest stability during the second year of operation.


    Document Shredding Business Plan


    Document Shredding Business Plan


    There are ever-growing security concerns due to theft, vandalism and industry espionage. There are too many horror stories resulting from confidential information getting into the wrong hands. A business’s ability to deal with today’s information explosion can prove devastating. Increased use of computers and office copiers has led to an explosion of sensitive data being generated and then discarded.

    Security First Shredding is a professional shredding company that provides the most efficient, cost-effective, simple and secure method of destroying confidential information in a company’s business. Security First Shredding offers complete document destruction services, both on-site or off-site. Security First Shredding services Madison-area companies. This company is familiar with product destruction and the destruction of credit cards, microfiches, computer tapes, and other media storage.

    Each invoice will include a certificate of destruction. We also offer a recycling program for non-confidential papers.

    Janet Wilson, coowner of Security First Shredding has ten year experience in the field. Before moving to Madison last year, she worked in New York at Capital Shredding and Shredd-All.

    Security First Shredding’s two disposal trucks are state-of-the art and can shred documents at the site of the business or transport them into a recycling facility for disposal.

    1.1 Mission

    Security First Shredding’s mission is to offer a cost-effective service for document destruction that meets our customers’ security needs.

    1.2 Objectives

    Security First Shredding’s objectives are as follows:

    • Achieve sales goal during first year of operation.
    • You can reach 100 companies.
    • During the second and third years of operation, we saw a 15% increase in sales.


    Houseboat Rental Business Plan


    Houseboat Rental Business Plan


    Houses on The Lake will establish a viable business model to rent vacation houses on Lake Shasta. Instead of buying houseboats, the company will rent out small housesboats to young couples and families (up to six persons) from their existing owners. To compete with luxury vacation houseboat operators, the business will provide vacationers with other services. It will also offer moorage and revenue sharing to existing owners. The loan financing is required for the launch of the business.

    Robert Hopkins, the founder and owner of the business, will make it profitable within its second year. The company will also be very profitable in its third year. Rent rates will be very low for the market and start at about $600 for three days in an off season.

    Objectives

    Three vacation houseboats will be the first to go on Houses On The Lake’s business. Houses On The Lake will achieve the following goals in the first three years:

    • Marina and marina rental land
    • A pool of eight houseboats can be created by current owners who are interested to rent them out.
    • Steadily growing revenues each year
    • Achieve a 50% retention rate of customers from year 2 to year 3

    Mission

    Houses On Lake will offer affordable vacation houseboat rental options for couples and families looking to enjoy Lake Shasta. Families and couples will find the right balance of excitement and relaxation in this business. There are many options available for activities that can be tailored to each person or group.

    Keys for Success

    The following are key factors to your success in the business of vacation houseboats:

    1. For the comfort and luxury of the accommodations, the boat rental must be maintained at a high standard.
    2. Many activities and services available to suggest and promote family involvement
    3. Seasonal pricing to encourage year-round utilization of the boats


    Voice Recognition Software Business Plan


    Voice Recognition Software Business Plan


    Voice Control, Inc. was created to provide a solution to orthopedic surgeons. The solution involves the input and management of patient data to a medical records system.

    The solution uses an accurate and popular speech recognition component known ‘#8220’ telephony. This solution will allow the orthopedic surgeons to input patient details as they conduct the actual exam. This solution fills a huge gap in current product offerings.

    The value proposition for the physician is the ability of seeing more patients and decreasing their operating cost. This provides higher revenue and greater operating margins.

    It will be distinguished from its competitors by offering the first-ever turnkey solution to electronic medical records that utilize telephony.

    American Academy of Orthopedics’ market research revealed that 86% of people would opt for electronic medical records that could be accessed by telephony, compared to traditional input.

    Another market study revealed that less than 10% use electronic medical records. Further, 89% of the market plans to purchase electronic medical records within the next five years. This is 42%, 36%, and 11% respectively, within 18 months and three years.

    Currently, most physicians gather patient information on paper. It will include information such as patient demographics, lab reports, referral physician information, and patient examinations.

    All of this information forms an individual patient file. All information about patients is stored electronically, creating an electronic medical record.

    This market is mature, with approximately 15,000 licensed Orthopedists in the United States. It has the ability and need to pay for electronic medical record services. Our goal is for this market to grow at least 13% by the end of our fifth year.

    To execute this plan, you will need to raise initial capital. The fifth year’s cash reserves will be significant. This will enable the owners of the company to purchase back any shares they need to finance their start-up. Currently, the owners want to purchase back all shares that are still outstanding during the year.

    1.1 Objectives

    Our principal objective is to increase sales revenue by $22,000,000 and net profit by $7,000,000 in the fifth fiscal year.

    PRIMARY BOBJECTIVES ARE

    1. Penetrate 13% of the electronic medical records business in the orthopedic dictation market by year five.

    2. Prepare a business plan that can be launched successfully in other vertical medical markets within five years.

    3. Penetrate 7% of the orthopedic dictation market with speech recognition by year five.

    1.2 Mission

    Voice Control, Inc. is utilizing the most advanced technology to provide a quick and secure way to input, review, share, and reveal patient information.

    Our customers are our lifeline. Every effort will go into meeting all customer expectations. Our commitment to quality products, customer service, and sensitivity to customer concerns will set the industry benchmark.

    Voice Control, Inc. will create an environment for employees which will allow them to grow individually, be creative, receive fair compensation, have family values, and participate in civic life.

    1.3 Keys to Success

    These are the keys to our success:

    1. Acceptance of speech recognition software as an alternative process to current methods of dictation/transcription.
    2. Establishing our market leadership position by providing a “custom” solution to individual, end-users’ dictation/transcription needs.
    3. A package for &#8220/voice-created &#8221 medical records. It will print patient records and capture the information needed to make the eventual &#8220/paperless record.
    4. This emerging market offers tremendous growth potential. Profitable management


    Internet Court Documents Business Plan


    Internet Court Documents Business Plan


    eDocFile has electronic filing systems that can be used by state courts. Around 90 million legal documents and 90 million cases pass through the US courts each year. The flow of civil and criminal filings is too much for the states. Year after year, the number of federal court cases keeps rising dramatically. Courts keep adding judges and judicial officers to handle this work.

    Unsurprisingly, the majority of the judicial processes are not automated. It is urgent that a cost-effective and integrated digital solution be developed using available technology. eDocFile is an online solution that can transform the practice of law. It’s cost-effective and simple to use. eDocFile goes beyond simply sending documents back to the other side. It acts as a digital bridge between the electronic worlds of the court and the law firm’s electronic world. It allows both courts and law firms to exchange and access all case information, not just documents.

    E-Filing allows courts instant access to court documents. Instead of having to call archives and ask for a document to be found, copied, and delivered. Judges are able to simply access documents through their computers. Court documents can be archived electronically, making them easily accessible and saving millions of dollars in the process. An attorney can view docket information or schedules on the Internet. He/she can pay filing fees, download documents immediately from the court, see case documents and exhibits, as well as track the work of opposing counsel.

    Courts and law firms both benefit from efficiency. Efficiency comes from being in a position to instantly access information, communicate with others, and transact business from any PC. eDocFile offers a simple to use yet comprehensive system that facilitates the flow of information from one party to another in an efficient, cost-effective and seamless manner.

    If electronic filing is so great, why aren’t we all using it? There have been many small projects in the United States. Unfortunately, most have either failed, been terminated or are defined as “requirements” projects for future systems. None have made enough of a financial gain for court efficiency to attract support for the infrastructure funding.

    The technology is the primary problem. Many of the components for electronic filing have been around for some time. However, the lack standards, difficulty in integration, insufficient customer support and inadequate training have all been major limiting factors. In the past few years, personal computer technology’s power has increased significantly and its costs have fallen. Data storage costs have dropped from more than $1,000 per megabyte on early PCs, to less than five cents per megabyte today. The price of data storage is falling by approximately 50 percent every year. In order to link our systems together, there was no universal communications system, which had standard protocols, interfaces and protocols, even just a few short years ago.

    The security and scalability problems of the Internet still remain unresolved. eDocFile is able to solve these issues and provide a unified e-filing/document management system for both national and state courts. At the same time, we will establish brand name recognition, capture significant market share, and generate a sustainable revenue stream that will fund growth and development of new products as we grow from a niche player to the premier legal Internet portal.

    1.1 Mission


    Our mission is to listen carefully to the needs of our customers in order to meet them. We are determined to become the premier provider of secure and user-friendly electronic filing systems for courts, judicial administrations and other governmental agencies using Web technology.

    eDocFile aims to provide small and medium sized courts with the ability to automate filing and document management by using a Web-based extranet. You can file documents electronically with these courts by lawyers in these jurisdictions from your private workspace. This will allow you to handle cases and dockets faster and more cost-effectively. eDocFile combines both electronic filing and document administration in one Web-based extranet. This provides clients, lawyers and courts, with the best system for litigation management. There are minimal hardware and software restrictions, and you have the largest choice of technological features.

    1.2 Objectives

    eDocFile is a three-phase concurrently developed cycle.

    LearningKnowing your customer, the products and the competitors is crucial for success. Planning, research, development and marketing are crucial steps in this cycle. The following are the objectives of this phase

    • Become experts on the legal market and have a database of competitors, market analysis, and customer needs before beta version of extranet is completed.
    • Have beta version completed within three months of capital formation.
    • Establish strong working relationships between court systems and their decision-makers by meeting and planning a mutually beneficial plan for success.
    • Support, services and products can be pledged by May Year 1 in support of EDocFile’s launch in August Year 1.

    Earning

    eDocFile’s market position will promote earnings and growth in new customers through marketing, sales, customer service, execution of action plan, and continuing learning.

    • Establishing brand awareness and brand recognition that positions eDocFile as the market leader for safe, simple and reliable Web based electronic filing system between lawyers and courts.
    • Many target courts are without a comprehensive computer management system; our easy to use Web based extranet system allows our customers to manage filings and internal document management.
    • Market metrics are important for measuring market penetration success. This includes market presence in all 15 top legal markets in the country. eDocFile will double these metrics semi-annually to reach market dominance.
    • By the middle year, you can start generating positive cash flows.

    Returning

    Many Internet companies have found their Achilles heel in balancing long-term sustainability, profitability, and short-term needs and change. We believe that eDocFile’s policy of giving back or returning to the community (employees customers shareholders) will allow for equitable apportionment without redundancy and excessive waste. The following are the objectives of this cycle

    • Develop a mission statement that reflects the founding values and gives a mandate to culture creators for creating a culture that attracts and retains the best and brightest talent.
    • Establish a holistic structure within the organization that is flexible to market changes and responsive to market requirements. This model is based on the concept of “a continuous learning organization” with training and marketing functions binding the entire organisation.
    • Develop value-added components that will take eDocFile beyond a niche player and make it the most popular legal portal on Internet by 2006. This requires creating action-oriented features, which is a way to make customers’ lives easier.

    eDocFile will achieve success by focusing on the customer and employing innovative, enthusiastic employees.

    1.3 Keys to Success

    These are the keys for success in this business:



    Marketing:

    • Establishing brand name.
    • Constructing trust between courts, eDocFile and other parties to create barriers for entry by competitors
    • Building credibility



    Simplicity:

    • A system that is easy to use.

    Tattoo Parlor Business Plan


    Tattoo Parlor Business Plan


    Tablature Tattoo, a new tattoo parlor will be opened in suburban Greenwood NJ. It will offer a place for tattoo enthusiasts and collectors to get their tattoos done by two well-known, skilled artists. The business offers basic tattoos, one-hour tattoos, and full sessions with the artists. The artists are available to offer extended consultations as well as custom design work. The business will sell clothing and posters with designs by the artists. Jake Hunt and Julie Hunt, husband and wife, are seeking a $10,000, 3-year loan to start the business.

    Because the business has low capital requirements, and because the company intends to use low cost marketing techniques and direct sales to attract initial customers, $22,200 is all it takes to launch. With a low startup cost, and high margins of tattoo work (around 75%), this business will generate positive cash flows within six months. They can also repay their loan easily. Based on the full-time employment of these three people, sales will surpass $300,000.

    Objectives

    Tablature Tattoo’s first three years of operations will see it achieve these objectives:

    • Reach annual revenues of approximately $330,000 in year three
    • Successfully create 5446 tattoos over three years
    • You can earn net profits to the owners for a substantial total compensation including salaries, dividends and other payments.

    Mission

    Tablature Tattoo creates safe and impressive tattoo art for Greenwood, NJ customers through tattoos as well as other products featuring artwork by the shop’s tattoo artists. Jack Hunt and Julie Hunt seek to make the business a full-time business, sharing their income with an additional employee artist to help build the business.

    Keys for Success

    These are the keys to success in the business of tattoo shops:

    1. Encourage customers to come back for more sessions with artists.
    2. Making the health and care of customers and tattoos a top priority to ensure the safety of the customers, employees, and business
    3. Encouragement of creativity and collaboration with talented artists