Goal 1: To open a new interior design firm with a furniture showroom in Taipei, Japan.
Resources: Furnishings, fabrics, and building materials vendors (Edwards).
Develop business plan, possible use/purchase of business plan software (ôInterior Design Business Planö)
Find and purchase/lease location for storefront, preferably in the area where I plan to do the most business (3 months, $600,000)
Design and complete interior of storefront (6 months, $850,000)
Develop pricing schedule (2 weeks, zero cost)
Design and have printed the marketing brochures, sales slips, business cards, and all other printed material (1 month, $6,000)
Develop advertising for the business (2-4 months, $10,000)
Hire sales associates and accountant (2-4 weeks, $500)
Promote grand opening (2 weeks, $10,000)
Conduct grand opening (1 week, $85,000)
Help: Real estate agent to help find appropriate storefront location and possibly a storage warehouse as well; public relations agency to help create businessÆs image and advertise it
Goal 2: To import modern furniture from Japan and other countries.
Resources: Japanese and other countriesÆ furniture vendors
1. Travel to Japan for buying trip (1 week, $6,000 trip, $800,000 furniture) (AOL Travel)
2. Find other sources online and through catalogs ($500)
Goal 3: To do interior design for both commercial and residential clients.
Resources: Furnishings, fabrics, and building materials vendors (Edwards).
1. Obtain clients through referrals, cold calls, and from advertising (ongoing; advertising cost approx. $2,000 per month)
2. Service clients at their homes or places of business, or at office in storefront (ongoing; cost of gas $300 per month)
Goal 4: To achieve furniture sales of approximately $800,000 the first year, increasing every year after that by $400,000.
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