Prepare a business plan when you start a business and update it each year. Provide information about the company and founders in the "Company Information" section of the business plan.
Discuss the qualifications, certifications and previous jewelry design experience of the owners. Include the location of the business and when the business started. Describe the types of jewelry that will be made in the "Products Offered" section. Key design techniques and unique features that will distinguish the jewelry in the marketplace should be outlined. Comparisons to competitive jewelry businesses are appropriate. Document an analysis of competitors in the jewelry business and the demand for similar jewelry products in the "Market Analysis" area of the plan.
Include information on the target customer, jewelry buying behavior and pricing strategies in this section. Discuss marketing plans in the "Marketing Strategy" section. A comprehensive plan that addresses advertising, promotions, pricing and incentives is desirable. Possible venues may include parties, craft shows, consignment, a retail store-front, and the Internet.
Identify staff requirements to make the jewelry products, including the design or purchase of any sub-components, such as beads or findings. Outline staff requirements for sales and administration too. Special certifications, such as in gemology, or training in special design techniques, should be noted in this section.
Document key assumptions, such as anticipated sales and expenditures for components, photography equipment and website development. A break-even analysis, cash flow statement, income statement and balance sheet should be prepared on a projected basis for the next one to three years. If the business is already established, then provide statements for at least the past three years as well. Attach additional documentation in the Appendix that will provide more detail about the business.
You all stand there, on the shores of Lake Michigan, looking for a boat to get you to the Galapagos Islands. Had you done your research and some planning, you would have realized that the Galapagos Islands are in Ecuador, and that you should really fly into the nearest city to begin your travels. Getting to the islands from Lake Michigan, though not impossible, will take you a long time.
Jewelry business plans are an essential decision making tool. This document also discusses where your financing will come from, and who will be involved in the decision making process.
For starters, if you are a little hesitant on attempting a full on business plan, start with this planning worksheet first. After you answer the following questions, you should be able to write out a solid business plan. There are many formats to choose from, and, depending on who you are working with to set up your business, such as a business lawyer or a CPA, they may have you writing in a certain format. They have many examples of business plans for you to look at and use. Summary of who is involved in making business decisions.
Is it just you? You and a partner? You and a group of other people? How are decisions made, and who is in charge of what aspects of the company? Who makes the jewelry, buys supplies, sells stuff, works on marketing, who manages the accounting?
Define all the possible types of jobs and tasks your company needs to accomplish and assign them to specific people. Even if its all just you. Your Artist Statement is the foundation for this part, you can talk about what this business means to you, and expand into the products that you make and hope to sell.
Assess where the handmade jewelry market stands in relation to where you live, and in the country that you are from. How does your company stand out and fill a gap? Is there room for growth in the jewelry business? Define those areas of growth and talk about how your company might be able to grow in that area. Why would a customer buy jewelry from you?
Contemporary Ti Design custom jewelry business plan executive summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry/5(77).
Contemporary Ti Design custom jewelry business plan company summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry/5(77).
ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry. Edit this custom jewelry business plan business plan to fit your business. Jewelry Business Plan: Don't be intimidated! Use our easy worksheet to prep for writing your business plan.
Custom Jewelry Business Plan Contemporary Ti Design Executive Summary Introduction Contemporary Ti Design is a designer and manufacturer of unique titanium jewelry. Jewelry Business Plan. Write custom "Executive Summary" based upon the information contained in the various sections of the business plan. This document should be custom two to three page summary of the key information in the plan and utilize engaging language that will entice the reader to delve business into the business plan.