But that scary thought is something that can be subdued by writing a business plan. This plan puts everything to order like your company profile, objectives, long and short - term goals.
Strategic Analysis with current research! The Video Game Store, Inc. The Company was founded in by John Doe. In regards to new video game sales, the Company will work with authorized distributors to obtain its inventories.
Used video games will be purchased directly from customers that want to divest old inventories of video games. The third section of the business plan will further describe the services offered by the Video Game Store. The interest rate and loan agreement are to be further discussed during negotiation.
Doe has more than 10 years of experience in the retail management 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 game enthusiasts within the target market.
The Company 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 Video Game Store.
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Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. The Company will use an expansive used game acquisition policy that allows sellers to receive a good value for each of their used games or game consoles. 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. According to market research firm NPD Group, sales of video game hardware, software and accessories in the U. Within the United States, there are approximately 19, retailers of video games new and used and video game consoles.
This is a mature industry, and the future expected growth rate is expected to equal that of the general economy.Explore and buy business software, computers, and small business solutions from the official Microsoft Store.
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If you operate a retail store and/or an online store, and your storefront is the only way in which customers can buy from you, you do not have to complete this section of your business plan. Growthink Blog Growthink.
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