Funding my used book store Essay

This de spell be an outlet that deals in second-hand or used books. Literacy of a citizenry is the foundation of a nation. We wish to encourage the culture of reading in order to eliminate illiteracy. We take in chosen to go this route collectible to affordability. The shops name Daily Books is bound to be a crowd puller. The assistant provide be targeting the thousands of shoppers and those whiling a port window shop or taking casual walks. Considering the hard economic times we are going through as a nation, this judgement could non be timelier. Concept Funding my used book storeBusiness rumor SBA loans are available and we are going for the lowdoc that addresses needs under $150k. This is part of the 7(a) loan program. The loans non only come with low beguile pass judgment and minimum hassles but also with entrepreneur education. This is a very accommodative resource. Since some lingos allow one to access funds for the business from relatives, thence your proposal is surface within all legal requirements. Competitive beach Products and aids Ease of getting classical novels and writings which may not be available from the conventional book shops.These may as well be collectors items. Inexpensive All our books give be way below the market prices. Organization The arrangement and placement of books impart make it abstemious for shoppers to locate what they want and hence save valuable time. The lighting impart be artistic and professional. Location -. The shops strategic stance is a sure winner. The university and schools readership leave come in handy. Public dealing This is one of our greatest strengths as my partner is deep and wide reader, not to mention that I am an excellent people person and marketer.We arrive at been careful to hire committed staff whose vision is similar to ours. trade / Industry information While the knowledge search continues to expand, there is smashed competition in the horizon. New players are join ing the market not to mention new technology. The government is putting in place structures that will aid in the growth. Product/Service Information The crucial service on offer is the provision of an accessible, unique product, convenient, and a cheap service facility which promises easy access to the avid reader.The county council has been of great support since we share our idea with them. On the launch, they have offered the parade grounds at no charge at all. They will also be sending give voice out to the local dwellers. Goals and strategies In the short term, we will be focus on getting people to see the big picture. What has all on been thought of a rich mans hobby that owning a rich home library is their preserve will now be common place. Due to our strategic location, we are assured of traffic. Our finish then, will be to focus on those walking in and about the complex.We offer to serve at least 50 walking customers per day. The tills in the stores around the town will be offering discount vouchers to all their customers in the first month after launching. The next level and secondary goal will entail advertising by use of flyers and banners. We shall also do rounds in the offices. Our marketers will visit every school in the empyrean and the university as well. For these students, we intend to offer a discounted price especially for the line of products books. We shall introduce membership to all our customers with an aim of giving away premium gifts and discounts.This will see our customer base grow from 50 to vitamin C after 6 months of business. In the long term, we are looking at electronic sales. This will entail a website that will advertise as well as offer on-line sales. A delivery train will come in handy for those members who may be a little out of town. The bookshop should have a readability of viosterol plus faithful customers after a stream of 2 years. As a backup plan for the above strategy, we will be liaising with the local bookshops as well as those in the nearby towns.We shall introduce a partnership programme that should see their sales soar as well. The idea is to bring about symbiosis and cut unfair competition. We plan to have stock lists of al the other outlets and when customers make enquiries, referential sales will be seamless. We shall encourage book owners to exchange or deposit experienced books that they no longer use. This idea will go on way in reducing our capital requirement for re-stocking. Payback As per the banks requirements, we have negotiated a very low payback interest rate.We have a 60 days initial grace period after which we shall be required to pay only 1. 5% PA on a reducing balance. This arrangement will go along way in helping us repay you within a comfortable period. It will not stretch the business neither will you be strained financially while it gives you peace of mind that your investiture is secured.ReferencesAdvani, A. (2005). SBA loans for your startup. E ntrepreneur. com. Retrieved November 18, 2008 http//www. entrepreneur. com/money/financing/startupfinancingcolumnistasheeshadvani/article79254. html