STATIONERY SHOP BUSINESS PLAN GUIDE
Interested in setting up a stationery store? Having a plan is crucial to achieving this goal. But organizing such plans can be difficult. Which is why we’ve come to the rescue.
Our stationery retail shop business plan helps out by providing you with basic tips on how to go about this. This is being offered in the form of a sample which can be used as a guide.
So, all you need do is follow through till the end.
Here is a sample business plan for starting a stationery shop.
Sunrise Stationery Stores is a general purpose stationary shop locate in Lincoln, Nebraska. We provide a wide range of office solutions through our vast array of stationary supplies.
We’ve partnered with major and reputable suppliers and manufacturers to ensure that only the best supplies are sold. This has improved our brand and made us a trusted name in the Lincoln area.
At Sunrise Stationery Stores, our mission is to establish a reliable brand known for excellence. This has been achieved through deliberate efforts of carefully choosing our team.
As a result, the short period of existence (1 year) has seen a steady growth in demand and patronage of our products.
Going forward, we seek to improve on these and more.
Our vision is to be among the top 5 stationery shops in Lincoln within a 5-year period. This is will be achieved through increased innovation and dedication to our ideals which is excellence in service.
We have established a one-stop stationery shop. Here, you get to buy all sorts of office supplies. As a result, we have a wide list of products.
Few of these include; Corporate Write On Slips, Corporate Spiral Pads, Milan Writing Pads, General HP CDs, CD-R’s, DVD-R’s, Fly leaf, A4 size papers, FS size papers, A3 size papers and Duplicating papers.
Other products include Index files, File Guards, Envelops of all sizes, Vehicle log books, Assorted types of pens, OHP markers, Ledger books, and Pencil Cups among so many others.
Expansion is an important part of our operations. This will see more stationery stores opened across Lincoln and other cities.
Hence the need to raise additional funding. Banks will play a crucial role in sourcing for these funds. We currently need the sum of $900,000 for the first phase of our expansion drive. As such, we will be applying for a low interest (between 2 to 4% interest) loans.
For any meaningful growth to occur, there needs to be an analysis of past performance. This is in addition to identifying current challenges as well as opportunities. We have contracted competent business experts to handle these areas of our operations.
And their findings has been revealing as will be seen shortly;
Our strength is found in our innovation driven approach to offering services which are second to none. Our partnerships are also highly beneficial to the growth of the business.
Through these, we’ve set a tradition of excellence as well as creating a reward system that drives creativity in service delivery.
Weaknesses have been identified in our payment systems as well as our limited capacity to compete effectively.
These areas are being given the needed attention.
These actions are meant to ensure that we build on these identified areas.
The stationery industry in Nebraska is witnessing a major boom. An expanding economy and the ease of doing business makes this a perfect time for our business. It’s as a result of this that we seek to expand our operations to increase our capacity.
With the right things put in place, these opportunities can be leveraged on.
Threats for our business will come in the form of raised interest rates. This will constrain our expansion efforts.
But we are ever optimistic and seek to properly make use of the opportunities presented today.
Our short period of existence has given us a picture of just how profitable the market can be. Therefore, we’ve used existing conditions to work out a sales projection over a 3-year period. The results have been amazing and show a steady and healthy growth as summarized below;
i. First Financial Year $400,000.00
ii. Second Financial Year $900,000.00
iii. Third Financial Year $1,500,000.00
We have a competitive advantage. And this is in the form of a motivated workforce. Our choice of partners such as suppliers also places us at an advantage.
But we aren’t resting on our oars. We plan on further leveraging on these to widen and improve on our services. This will see an expansion as well as the inclusion more varieties of stationeries. Quality will also be a major focus.
Marketing is as crucial to increasing sales and capacity as is capital. Therefore, we’re taking necessary measures to improve on advertising our business. This will be done through different strategies.
One of these includes taking our business operations further by visiting potential clients. These clients will consist of corporate and private clients.
To be able to win clients, we need to show them what they stand to gain by patronizing our business. We will also demonstrate to them what makes our services better than our competitors.
But to make our marketing efforts even more potent, the input of marketing professionals will be sought. We hope that by doing so, we’ll be able to make a difference.
Every stationery supply business plan should have a unique approach. However, one thing you must know is that they all follow the same structure as shown here. You’d need to structure your plan according to your needs and circumstances.
This is only a sample that can be used and not one to be replicated.