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Strategic Analysis with current research! The Art Gallery, Inc. The Company was founded in by John Doe. From its retail location and the number of sales shows attended, the Company is able to divest large quantities of in-demand art merchandise to the general public.
The business will also develop an online ordering platform so that the business can generate sales on a worldwide basis. The third section of the free business plan will further describe the services offered by the Art Gallery.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the art brokering industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals and art collectors within the target market.
The Business plan art gallery pdf converter is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Art Gallery. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
Below is a description of the revenue centers for the Art Gallery. As stated in the executive summary, the business will have a large inventory of art with a roster of well known and new artists that are becoming popular within the art community.
The Company will deal in any artist that has the ability to draw an audience. However, the Company attends a number of off-site art shows and events that allow the business to sell selected and in-demand pieces. The Company will attend trade shows and national level art auctions in all major metropolitan areas.
As stated earlier, the Company will maintain a complex yet simple to use user interface on the Internet so that our customers can order, purchase, and track their art pieces and merchandise while en route to their location.
Additionally, the Company will maintain a standard call line on the website to help clients that have ordering issues that require person to person interaction. In this section of the free business plan, you should further describe the products and services that you intend to offer to your customers.
If you need to add more product categories, please consult the instructions that were included in the BizPlanDB.
Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. The growth of this industry has remained in line with that of the growth of the general economy. The art industry focuses on providing pieces to a predominately upper middle and upper income demographic, which during times of economic recession, have the economic staying power to continue their hobbies including art collection.
In this section of the analysis, you should describe the type of customer you are seeking to acquire.
In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc. The key to writing a strong competitive analysis is that you do your research on the local competition.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Art Gallery 5.
However, the business will also develop a number of additional marketing strategies that will continually increase the visibility of the business throughout the art community. Timely coverage of the Art Gallery will be further directed through ongoing press relations, news releases and feature stories targeted at key art and art critique communities and other media outlets.
Publicity activities will be designed to generate ongoing coverage about the gallery in targeted media by providing writers and editors with newsworthy releases, features, stories, briefs, and visual material for their columns and stories.
You should provide as much information as possible about your pricing as possible in this section.
However, if you have hundreds of items, condense your product list categorically. This section of the free business plan should not span more than 1 page. For each owner or key employee, you should provide a brief biography in this section.Job opportunities essay writing cause and effect of teenage depression essay professional writing and editing swinburne how to study effectively scale converter app basic business resources driving school marketing ideas, economic analysis of business pdf cyclone ii .
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