Starting a business plan is a detailed process that is both educational and revealing. with existing companies it is a chance to re-evaluate profit margins and focus on the prominent areas of the business while cutting out the departments that are losing money. For business plans for new companies it is an opportunity to really focus on, and understand the industry and evaluate whether your next big idea will be successful before you make a large investment.
Although up to 44% of new businesses survive 4 years or more the success of any new business is good planning, access to capital and good business management.
Here are the 5 best tips for creating a killer business plan that will undoubtedly impress:
1) consider your Audience
Business plans are developed for many different reasons. Is it for presenting to a panel for project approval? will it be to submit for funding? Is it simply to restructure the business for profitability? Each of these avenues will require adjustments to the plan format and style you will need to use throughout the document. If you are attempting to obtain funding then you will have to have very detailed cost and ROI projections that are measurable and realistic. If you are making a presentation to a non-profit or a board of directors it is likely that you will need to include a directive on community impact or involvement and impact (either positive or negative) to the existing business. Remember your audience as you creates your document to ensure you focus on the important topics and leave no questions unanswered.
2) Quality Reference Material Is Key
It is important to integrate a diverse mix of reference material in your plan document. the web is great for the latest news but is not nearly as highly regarded as printed documents. be sure to use a good mix of reputable internet reference along with well-known facts and industry statistics most often found in printed literature. Industry specific publications and industry magazines are an excellent way to get the latest news and trends in a reliable place. Always include references from industry publications as well to raise the standard your business plan and build credibility in your due diligence. Always make sure to cite your research or any quotes you may use. this will also build credibility while ensuring you are not infringing on any protected or copyrighted content you use. To quickly and easily cite your sources there is a web-based tool that you can use to enter in your info and get back the properly formatted entry for the works cited page. it makes the process a breeze: easybib.com.
3) Do your Own Research
Creating a solid business plan is the singular first step in knowing your industry and understanding what it will take to be successful in your chosen field. Part of developing a plan should be to evaluate competitors, define your business strategy and start to understand if your value proposition meets a tangible need in the marketplace. Walking through the initial steps of creating a business plan is an invaluable process that will help to ensure that your business can survive the market trends. Don’t pay someone else to do your research for you or it may end up costing you more than you think.
4) using a Business plan Template
Now that you have various notes and articles, market information and loads of statistics it is time to put it all together in a layout that will highlight the data you have compiled. Finding business plan examples can be a challenge as every business plan is different (see point #2 above), however you can develop your own based on a compilation of the different topics or areas you want to cover. If you want a business plan template that comes formatted with sample headings and the different categories already setup, try using the plan layout from online websites. this site has a real business plan in Word format for quickly changing out headings and information. In addition the plan comes with a break-even analysis template in Excel as well as a 1 year Pro-Forma template in Excel with the formulas already built for easily updating and projecting costs for your business. this is a big time saver and an easy way to quickly get the business plan document underway without having to start from scratch.
5) Seek Out Experts in the Industry
Finally, after you have organized your information reach out to some industry experts like local college professors, trade show organizers, or even your local Chamber of Commerce for some insight and feedback on your plan. it always helps to get a second opinion on the plan before making the final presentation. having one or more individuals look over the plan will shed light on areas that need to be revised or reinforce that the business plan is ready to present.
Don’t get distracted spending valuable time figuring out the Works Cited, Table of Contents or overall plan layout. use the templates or resources that are readily available to you and spend the time focusing where you should, on the reporting and presentation of your business idea.
Filed under Business, Business Plan, Consumer Psychology, Fashion Marketing, Management, Market Research, Marketing, Marketing Mix, Marketing Strategy, Methodology, Niche Market, Presentation, Qualitative Research, Quantitative Research, Research, Target Market, Trends
Need tips to become a fashion show producer?
If you’ve thought of travelling to the four corners of the earth to produce fashion shows for celebrated designers and their modeling muses, then a career as a fashion show producer is your dream job.
From taking courses at notable fashion schools to learning skills to create a high-fashion show from an established crew of seasoned fashion professionals, you can begin your amazing fashion show producer career easily.
Here’s to the fabulous life of fashion and your new career as a fashion show producer.
Things You’ll Need:
- fashion training
- apprenticeship with a fashion show producer
- fashion show training
- courses in fashion marketing and fashion production
Fashion Show Producer
Become a student of the fashion show game. If you don’t know a red-soled Louboutin from a Louis Vuitton $2200 Spicy sandal, you need a crash course on shoe designers and the fashion industry. Before you imagine yourself producing fashion shows for rock stars, socialites, fashion editors and couture collectors, you need an eye for fashion and a fashion education filled with important and critically-acclaimed designer names… and knowledge of their clothing and accessories.
Take a few fashion courses. Enroll at your local fashion school for training as a fashion show producer. If you cannot travel to New York to enroll at Parsons or the Fashion Institute of Technology, take classes at your local trade school for fashion industry knowledge. A few sewing classes, fashion-inspired art classes and basic fashion illustration courses will help you take your career as a fashion show producer to the next level.
Become an assistant to the fashion show producer. The path to fashion show production varies: You could have a background in public relations or spent time as a former high-fashion model. Whatever the career path you choose to become a fashion show producer get an internship with a notable fashion show production company to learn the fashion ropes.
Need to do some fashion show producer research? Celebrated fashion show production doyenne and former Ebony Fashion Fair Commentator, Audrey Smaltz owns a NY-based fashion show production company that originated the idea of professional backstage management for fashion shows. Visit her website GroundCrew (see resources below) to basque in some of her 30 plus years of fashion production experience.
Create your own fashion show. Contact a fashion school in your area or a local high school and volunteer to produce a fashion show. Create fliers asking for aspiring stylists, fashion designers and fashion models to lend their skills to your first fashion show. If you are feeling charitable donate your fashion production skills to a non profit organization looking for a volunteer fashion producer for a a fundraising event.
Original Source: eHow By How-to Queen, eHow Member
VIDEO: Click link to watch this interview video of HOW TO BEGIN A FASHION SHOW PRODUCER CAREER
coordinator must possess fashion flair, an awareness of fashion trends and marketing savvy. Fashion coordinators line-up outfits for fashion events including runway shows, model shoots, and fashion promotions. Accessorizing these outfits is part of thejob
. Fashion shows and magazines both showcase the work of fashion coordinators.
- Keeping in mind rising trends, target market and event purpose; fashion coordinators select outfits, create presentation order and match all details of what will be shown; including jewelry, bags and shoes. Attention to detail is critical.
- Referred to as “fashion stylists,” some coordinators create “looks” for photography sessions. Project directors, such as agents or photographers, hire stylists who then coordinate wardrobe with hair and makeup. Putting across an artistic concept is the goal.
- Fashion coordinators employed by stores organize fashion events including promotions, shows and community outreach. When organizations borrow clothing for fashion events, they do so through the store coordinator. Special event scheduling passes through the same coordinator. Along with coordinating outfits for in-store shows, coordinators hire models, conduct rehearsals and format the show.
- Fashion coordinators also work within the media. They make clothing selections for on-air personalities, actively developing the celebrity’s public persona. They secure wardrobe from designers and retailers for celebrity clients, giving recognition to their sources in return.
- Fashion coordinators usually come from retail or styling backgrounds. They possess an eye for fashion and the ability to present style in a fresh original manner. They understand trends and what motivates consumers to buy.
- Sales are the bottom line. Being in touch with consumer demand and aware of rising trends is crucial. The job is almost always about selling product.
- Fashion coordinator positions are most likely to occur in larger metropolitan districts where shopping malls and specialty boutiques are plentiful. Moving to such an area increases chances for working at this profession.
Original Source: ehow By Kieve Kavanaugh, eHow Contributor