The toy sector encompasses a large number of companies whose main activity is oriented increasingly toward a high-design, quality and pedagogical value in order to compete in international markets where price is the decisive factor," submits the final report on the toy industry. According to the report, the high seasonality of sales, the gradual penetration of foreign toys in the Spanish market, the globalization of markets and the low birth rate are the main features define the market.
What is the importance of business plan?
The business plan is a document that helps the entrepreneur to analyze the market and plan the strategy of a business. The business plan also called business plan is a document that specifies, in written language, a business that intends to start or already started. It sets out the general purpose of a business, and market research, technical, financial and organization, including such topics as marketing channels, pricing, distribution, business model , engineering, localization, chart of the organization, capital structure, financial assessment, sources of funding, personnel needed along with their method of selection, the philosophy of the company, legal aspects, and its exit plan. Generally considered a business plan is a living document, meaning that it must be constantly update to reflect changes not previously foreseen. A reasonable business plan to justify the expectations of business success, it is essential to get funding and capital partners.
The plan is used for both a great company and a small shop. At different stages of the life of a company should be establish through document key aspects of projects that may be related to: launching new products, improve existing products, change or expand local capacity to increase production, supporting a request for credit or interest a potential partner.
"The business plan possible through a document gathering all the information needed to value a business and establish the broad parameters to get it going." The document establishes the nature of the business, the entrepreneur's objectives and actions required to achieve those goals. It is similar to a map of "routes." It must be able to guide the employer through a maze of business decisions and alternatives to avoid "blind alleys" and "dead ends."
The implementation of a project depends not only on a "good idea", it is also necessary to demonstrate that it is feasible from the standpoint of economic and financial. Economic and financial aspects dominate the business plan, also crucial information that is related to the resources human, strategic proposals, commercial and operational.
Purpose of Establishing Business Plan for a Toy Sector
This report describes the project of opening the company's wholesale toys for children in St. Petersburg. For opening, the company planned to use exclusively of project initiator without the involvement of outside investors.
As part of preparing a business plan for the company's wholesale toys conducted a comprehensive market research of children's toys, used to calculate the expected investment and operating costs, and developed an organizational chart and timetable for implementing the ...