Business Plan



Executive Summary

Wedding Apparel will be a complete bridal shop like no other it will be a unique experience for customers. Usually bridal stores are focused on the dresses and gowns of the bride, but Wedding Apparel store will cater to the family of the bride as well on low prices, be it male or female. This will include the sister, mother, father and brother of the bride along with the flower girls and bride maids. In addition, we will provide a large variety of accessories for the female friends of the bride.

Wedding Apparel will be registered as a single-member corporation. The projected time period for achieving profits with respect to sales and gross margin.

Figure 01: Projection of sales along with profits

Objective

To be the primary shop-stop for the bride along with her family

To hit dynamic sales in the first year

To achieve net income of at least 12% of the sales in the last year.

To be among the pioneers

Mission

Wedding Apparel believe in providing finer customer service. It wants to create a shopping experience that is comfortable and pleasurable for not only the bride but her family as well.

Company Summary

Wedding Apparel will be a new and unique experience for the customers. It will be a different supplement for the existing bridal shops. It wants customers to be happy and satisfied. Wedding Apparel provides the discounted attires for the bride's family that will be a great relaxation for the family. The company's objective is to provide a completely new and fun filling experience to its customers. Not only the bridal dress but It will be a one shop stop for complete wedding items.

Company's ownership and structure

Wedding Apparel is a privately registered company owned by a sole member as it wil be soley her to enjoy the profit and bear the losses. No interference would be there and the work can be carried out by choice.

Start up summary

The start up cost for the first year will be financed through an investment group

Essential characteristics for accounting staff (Kohler)



Industry expertise

They should have an entrepreneurial spirit

Complexity

Good at decision making

They are willing to share your risk tolerance.

Financial understanding



Education required for budgeting, internal controls, and cash management before going into business

Accounting background

ACCA entry level

Risk management

Financial Management

Certified Accountant

Role of Accounting in our Business

It will ...