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Business Plan - Convenience Store - 3365 Words

Business Plan Buster’s A cozy Store that designed for your needs [pic] Business Plan by Lydia Chan CONTENTS[pic] 1. Executive Summary Buster’s is a convenience store specialized in servicing daily needs of occupants of the office building where it is located. It offers variety of products to satisfy customers’ daily needs including snacks, pre-wrapped sandwiches, bottle/canned beverages, stationery, greeting cards, newspapers, paperback books and small gift items. The first Buster’s Store was set up in 2007, a 1,000 square feet store located in the lobby of Empire Centre in Kennedy commercial district. This store is solely owned and managed by Lydia Chan. With fully focused and correct business strategy,†¦show more content†¦Christine will be responsible to coach and mentor the other new hired shop assistant, service customers, keep tract inventory/replenishment and report customers’ comments/complaints to Lydia for ensuring corrective action be taken. We will hire another shop assistant to work together with Christine. Criteria are High school graduate with 1-2 years retailing sales experience. 3. Financials 1. Start-up Finance Summary Anticipated start-up cost of the new store is US$200,000. The main cost of start-up will be inventory. It is estimated that the initial inventory purchase will be $100,000. In addition, $30,000 will have to be spent on fixtures and fittings for the store. Since it is a brand new building, there will be no maintenance needed before move-in. Funding will be come from the combination of the two owners from their own savings. Lydia Chan (75% ownership) - contributes US$150,000 Carmen Chan (25% ownership) - contribute US$50,000 2. Start-up Cost Summary This table shows a summary of start-up cost and expenses [pic] 3.3 Anticipated Revenue and Operating Cost for the First Year [pic] 3.4 Pro-forma cash flow projection for the first year of operation [pic] 5. Break even Analysis The following chart and table show the break-even analysis for Buster’s [pic] [pic] 3.6 Anticipated return on investment in the first three Years The following tableShow MoreRelatedExtended Marketing Mix of Convenience Store1238 Words   |  5 PagesBackground of the Study Convenience stores are in demand all over the world for its unique commercial properties. They are usually open 24 hours a day, seven days a week, carrying a limited life of high turnover convenience products and are conveniently located for quick in and out shopping. These stores provide â€Å"fill-in† purchases for consumer needs. Engaging into this kind of business with the right location, pricing strategy, inventory of products, and pleasant customer approach, it can generateRead MoreSej Overview. Sej President Kazuki Furuya Has Worked Vigorously1515 Words   |  7 Pagesconcept. According to Seven and i Holding corporation annual review of operations for 2016, he plans to actualize this concept by manipulating location, products, and services. Particularly, the introduction of Omni-Channel Strategy and Seven Premium have been absolutely instrumental to SEJ and Seven and i holding Co., Ltd. success. Seven Premium products are of higher quality than traditional convenience store products, but comes at a slightly higher price. SEJ conducted research on customers opinionRead MoreA Food Desert Issue On The Downtown Area Of Greeley, Colorado1288 Words   |  6 Pagesdown of the only grocery store on that side has left the residents in that area struggling to find adequate groceries to fill their refrigerators and cupboards. Their only way to provide for their families is the local convenience stores. There is a convenience store on just about every corner however, there are multiple problems with having the convenience. One issue is that the prices at a convenience store are substantially higher than that of a regular grocery store. Symptoms include, lackRead MoreThe Ownership Of A Liquor Business1691 Words   |  7 Pageswould like to take over the ownership of a liquor business named By-Pass Liquor store located at 3118 South School Avenue, Fayetteville, Arkansas 72701. Thi s is a turnkey business with good costumer flow and in a prime location of Southern Fayetteville. The business property is in market for a listing price of $335,000 for real-estate, furniture equipment, building and including inventory about $30,000. In order to transfer the ownership of this business to us we are seeking funding from the First stateRead MoreEssay on Ssi Case Distribution1537 Words   |  7 Pagesmajority of SSI products were sold to consumers through various grocery and convenience stores. Vending machines and institutional sales, such as airports, represent the remaining consumer market segments. The selling environment for candy and snack foods was becoming increasingly competitive and traditional channels of distribution were being distorted, especially in the grocery and convenience trade. Grocery and convenience stores were traditionally serviced through distributors known as candy and tobaccoRead MoreCase Study : Business Management And Ownership Structure1130 Words   |  5 Pagesretail consumer products services under the one roof of business. Our Convenience store products will be the core business area of company which will be updated and diversified with the changing consumer and food industry requirements. The company at the start of their business will initially target the UK market only, business operations will however be expanded to other geographic areas of the globe in long run. The Director will start business with initial investment of GBP 200,000. It will be incorporatedRead MoreExecutive Summary. Our Team’S Goal Is To Research And Analyze1135 Words   |  5 Pagesresearch and analyze the giant convenience store blue-chip known as 7-Eleven. As the world’s largest convenience store chain, 7-Eleven Inc., (SEI) 7-Eleven Japan (SEJ) and other regional 7-Elevens are owned by the massive conglomerate SEVEN i holding Co., Ltd. Our team will discuss a brief history of SEI and SEJ, analyze their respective mission statement, dissertate various veteran friendly initiatives, highlight top officers and their impact on the company and how the business addressed various esotericRead MoreSwot Analysis : Penney Stock981 Words   |  4 Pages J.C. Penney Stock J.C. Penney is a chain department store that provides plentiful materials and food and provides its customers with services, such as styling salon, optical, portrait photography, and custom decorating in the United States. As a well-known department store, J.C. Penney, it is a leading department store retailer of apparel, accessories and home furnishings. But from the beginning of March to the end of May, JCP stock has been generally falling in price. According to a recent researchRead MoreA Grocery Store And A Gas Station914 Words   |  4 PagesVI. Competition Wawa is a convenience store and a gas station. In terms of the convenience stores, our main competitors are 7-Eleven, Heritages, Walgreens, and Rite Aid. In terms of the Gas station, our competition is against local gas stations with lower prices, and Sunoco. To start listing our competitors in the convenience e store competition, 7-Eleven has 58, 300 stores in 17 countries. They are also known for famous for their famous 32, 44, and 64 oz Big Gulp cups. In some locations they evenRead MoreMom and Pop Shops1153 Words   |  5 Pageseffect on small business, but also it has to do with our economy. I plan on the information and graphs I found by researching my information about how the big companies do take over some small business. I will provide a power point presentation in my research paper to also show you more information about my research paper. There is no question that Wal-Mart does cause some mom-and-pop shops to fail. However, those failures are entirely compensated for by the entry of other new small business. I am also

Chattanooga Ice Cream free essay sample

Chattanooga Ice Cream Case The Chattanooga Ice Cream case shows a decline in sales for 5 consecutive years. The Division is headed by Charles Moore. Although Charles Moore was successful in leading teams he seemed to have major issues with this team of vice presidents. According to the Harvard Business Review Chattanooga Ice Cream Case the team was very dysfunctional; they exhibited a lack of trust, high in conflict, disrespectful of each other and exhibited avoidance issues with accountability. Team members seemed to always lay blame to other member. Moore needs to be more assertive in dismissing the ways of the past and the loss of Stay Shop business needs to be put aside. Moore needs to give clear direction and assign responsibilities to each team member. Moore needs to convey that team cohesiveness is a must and this will go a long way to help ensure no further loss of business. This paper will examine how Moore’s leadership approach contributed to the teams’ dysfunction, discuss what the group of employees themselves could do to better understand the perspectives of each other and their boss as well as make recommendations about Moore should do now to help his team work together and manage conflicts more effectively. Charlie’s Leadership Style In assessing where Charlie Moore goes wrong, it’s important to look at his leadership style. According to the DiSC style, Charlie is a â€Å"Steady (S) Leader.† Specifically, this means Charlie operates at a methodical pace and likes leading in an orderly environment. He may readily view leading in a â€Å"fast-paced† environment as intimidating or stressful. His leadership style is collaborative in nature and he values group efforts. Charlie is a cautious leader that seldom leads by authority as he is comfortable working behind the consensus of the group as he doesn’t like making decisions alone. He is demotivated by competitive environments and changing direction abruptly. He enjoys leading in a harmonic environment with little or no confrontations or conflict. Leaders prepare the organizations for change; Charlie does not build trust nor align his people. Lack of Leadership As a leader Charlie needs to â€Å"prepare organizations for change and help them cope as they struggle through it† (Week 2, Lecture 2). The first evidence of Charlie’s failure as a leader is when he calls the group together to communicate the news about losing their major customer. The mood is somber as Charlie calls the group together to â€Å"mourn† (Sloane, The Chattanooga Ice Cream Division, HBR, p.1) and to figure out what needs to be done about it. As a leader he must exude a sense of â€Å"positive energy† (Jack Welch, Winning, p.84) to prepare his people to act and energize their best thinking to deal with this challenge. His style of (S) may not like change, but he needs to set a tone of optimism and decisiveness that says that they will come through this challenge successfully. First of all, Moore should master self-leadership for himself. Then encourage and model it for others on the team. Manz indicates that â€Å"Leaders facilitate employee self-set goals and reward effective self-leadership when it does occur. Overall, they create and nurture systems that allow teamwork and a holistic self-leadership culture to flourish† (Charles Manz, 2001, Leading Others to Lead Themselves, p. 221). I believe that Charlie and Charlie’s team would benefit from learning about their own leadership style by taking the Disc and TKI assessments and possibly creating smaller strategically paired teams within the group to come up with a foundation and vision for the direction in which the company should go as a whole. Lack of Candor Another example of where Charlie goes wrong is that he doesn’t develop an environment of trust where his people don’t hold back – even though he may not like conflict. As an example of this, Charlie has several meetings to ask his team what their thoughts are about how to compete. When you are an individual contributor, you try to have all the answers. Thats your job-to be an expert, the best at what you do, maybe even the smartest person in the room. When you are a leader, your job is to have all the questionsQuestioning, however, is never enough, following Rule 6: Leaders probe with curiosity that borders on skepticism, making sure your questions unleash debate and raise issues that get action (Welch, 2005, p. 74). Moore should first create an intentional communication strategy. His management team must understand and support a common vision with a common purpose. This requires clarity. Clarity begins with effective communication. He should make sure communication from his management team reaches all employees. The article by Ferrazzi (Harvard Business Review) indicates three specific techniques, developed from the authors research, which can help coworkers collaborate and interact more effectively. The techniques, which are based on creating trust that allows team members to speak candidly, are â€Å"dividing meetings into smaller groups, naming a candor advocate, and teaching how to give and receive feedback with a positive attitude† (Ferrazzi, 2012, Candor, Criticism, and Teamwork, p. 40). Team Dysfunctions The Chattanooga Ice Cream team is dysfunctional for several reasons. Some of those reasons include an absence of trust, avoidance, and not being accountable. Also, there is a lack of commitment amongst some managers. Moore is also looking for buy-in from all members for group decisions. There was no clear cut rule as to how decisions were going to be made. Simply put, Charles Moore failed to incorporate clear operating rules. Week Four 4 Lecture – Building High Performance Teams suggests that â€Å"when managers agree on ground rules in advance, the team is much more likely to run efficiently,† this is especially true with the Chattanooga Ice Cream team. According to Rick Johnson, Charlie could â€Å"Challenge is management team; ask for solutions, assigning both responsibility and empowerment accordingly to utilize individual skills. Ownership of ideas and initiatives builds commitment. Involving the team in creating direction and solutions through empowerment generat es commitment to the tasks necessary to meet objectives. A way to get over the major loss of a client and overshadow the â€Å"mourning†Ã‚  effect would be to challenge the management team to collectively bring in a new client or a few clients that could equal the departure of the one loss, in terms of volume. Also, Moore should create offsite team-building activities on a quarterly basis. The gatherings/outings should be used to build unification and trust in each other. New Direction for CICC Charles seems to want to be just another member of the team, an individual contributor, wanting to give his part instead of asking the explicit result-driven questions required of him in his leadership role. Welch, goes on to say, But thats the job. You want bigger solutions ask questions; healthy debate, decisions, and actions will get everyone there (p. 76). There is nowhere to go, if there is no one to lead. The dysfunctions of the team lie with the dysfunctions of the leader and no directions. Regardless of making the wrong or right decision, in regards to the CICC case, if no action is taken, then the company will fail for sure. As a Business Development Executive, I would tend to push the team to research and target other clients to fill the void left by the client lost, eliminating the somberness, creating motivation to accomplish a new goal, and strengthen the team by focusing efforts into one vision. He should run his team through assessments that could help him strategically pair individual weaknesses and strengths together, not only to complement each other going forward but to build credibility as a leader and start to build a foundation for candor, voice, and dignity going forward. Gaining new clients would most likely cost additional funds in the research and marketing and may cause little investment growth up front; however stabilizing the vision with a decision is making the correct effort to save this company under the current circumstances.

Philosophy of Market

The philosophy of social justice insists that everyone should be provided with equal opportunities as far as the social, economic and political circles are concerned. It specifically states that no particular member of the society should be given undue advantages over others in social, political or economic aspects of life. All citizens of a country are considered to be equal, as far as the opportunities in these circles are concerned.Advertising We will write a custom essay sample on Philosophy of Market specifically for you for only $16.05 $11/page Learn More The word ‘should’ is important in that it is used to point out the fact that every human being must be given equal chances in the three aspects, and none should be considered superior to others. Philosophy of unrestricted free market insists that the government must have doctrines that prohibit the use of fraud, undue force, contract breaching or theft. The most important rules concer ning property should be included as stated in the paragraph below. People should be free to use their property at their sole discretion and no rule should limit them using their private properties. They are entitled to transfer their private properties to other people. People are also prohibited from using undue force, theft or fraud to obtain other people’s properties. Citizens are also expected to stick to the terms of the contracts they willingly enter by means of signing. As per the unrestricted free market philosophy, the forces of demand and supply should be left to control the price of a given commodity without human intervention. The price of a given commodity should decrease with increase in supply, and correspondingly increase with the decrease in supply as per the law of demand and supply. The philosophy of a competitive free market insists that doctrines promoting free and fair competition should be put in place by the government. It argues that land and other pro perties should be widely distributed. Capital should be easily available to laborers as per this philosophy. Productive technology should be also made available without anybody claiming ownership for such a technology and its sole usage. The greatest strengths of the philosophy of unrestricted free market is the fact that it encourages hard work among the citizens of a particular country as one has to fight to get the necessary resources for production.Advertising Looking for essay on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More The fact that price of a particular commodity is controlled by demand and supply forces is another strength as it encourages fairness in society, thus locking out the unnecessary rise of prices for particular commodities. The greatest weakness of this philosophy is that it does not limit one as far as contracting is concerned and also people are free to use their properties in whichever manner they want , even if the use has negative impact on other members of society. The greatest strengths of the philosophy of a competitive free market are as follows. It avoids long legal procedures involved in patenting technological ideas. It also avails resources to all members of society without discrimination. The weaknesses of this philosophy are as follows. It encourages laziness as one does not have to work hard to get the necessary production resource. Another weakness is that two or more inventors can claim the ownership over one technology since no patenting is required. This essay on Philosophy of Market was written and submitted by user Adel1ne to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Patriarchy In Romeo & Juliet

in the scene threaten her disownment and possible death: An you’l... Free Essays on Patriarchy In Romeo & Juliet Free Essays on Patriarchy In Romeo & Juliet Patriarchal Politics in Fair Verona The imagery in Shakespeare’s Romeo and Juliet reflects and often supports the time period’s stereotypes of men and women and their certain function and responsibilities in society. Shakespeare’s figurative language throughout the play portrays women with the following traits in relationship to men; silence, obedience, sexual chastity, patience and humility. This patriarchal potency is the root of conflict in the play and ends up causing the â€Å"star cross’d lovers’† demise. The role of women in Verona is made clear early on in the play. In the first scene you witness a conversation between Sampson and Gregory, both Capulet kinsmen. When Sampson says â€Å"†¦therefore women, being the weaker vessels†¦Ã¢â‚¬Å" we see a definite distinction between who they consider inferior and superior. He then says, â€Å"I will be civil with the maids. I will cut off their heads.† To that he adds â€Å"or their maidenheads.† By saying this he assumes a patriarchal role of divine judge while comparing rape with execution, implying that either one would be a just punishment. This quote shows how important it was for a man in Verona to hold power over his inferiors, specifically women. The patriarchal power structure in the Capulet family, where Juliet’s father controls the action of each family member, places Juliet in an extremely vulnerable position. She is unable to speak of her true feelings or even vocalize her opinion on marriage. When her father enters late in Act 3 Scene 5 the plays central conflict is made obvious. By this time Romeo and Juliet have performed their marriage without any parental consent, which was an offense against her demanding father. After consummating this new union Juliet is brokenhearted and anxious after Romeo leaves the scene, she then has to deal with her father’s verbal lashing. His last words in the scene threaten her disownment and possible death: An you’l...

Free sample - The Importance of MBA Degree. translation missing

The Importance of MBA Degree. The Importance of MBA DegreeThe field of business management and administration comprises specific areas such as marketing, accounting, operations management etc. It’s my firm belief that successful business can’t do without employees possessing high level of proficiency and experience. Thus, I am convinced that it is MBA degree that provides great opportunities for aspired students with profound knowledge and potentials. MBA programs have significantly proved to lay the robust foundations of comprehensive business awareness necessary for ambitious, dependable, result-aimed leaders. Owing to the fact that the sphere of my knowledge application was and is still tightly connected with business management, I deeply realize that MBA is what I’m striving to obtain in order to further accumulate, cultivate and advance the attainments I’ve already got. Right after college I got down to work in the financial services industries namely at Citigroup, Investment Banking. By nature I am hard-working and willing to learn, so in this tough time I had to collect all my efforts not to let my team down. Because there were company staff cuts only two executives became to be responsible for the work done – my manager and me. My accountability, courage and rigor appeared to be the features which helped me successfully cope with the overwork and deadlines. The senior management decisions depended on my analyses and reports which needed to be accurate and faultless. Thus, efficiently and effectively performing my duties I managed to earn respect and become trustw orthy in the eyes of my colleagues. My further plans were conditioned by the desire to broaden the horizons of my activity in business. Moreover, my sense of responsibility was enhanced considering that I was a bread-winner in the family and the fact of my legal stay in the US only through the work visa was to some extent a challenge but I was persistent in reaching my aims. In June 2009 I became the member of Blueprint by Ronke (BbR) Event Management and thus was involved in event planning and management business. Such field of business presupposes active, initiative, creative and reliable people able both to organize and control team work, at the same time develop cohesion, unity and integrity among the members. My first project was concerned with showcasing diverse talents of different genres and I wanted to emphasize the many-faceted surrounding community and promote young artists. In addition, this event served financial contribution to the organization Link a Child focused on help for African children in need. I pursued high-standard show which could attract versatile individuals both the performers and professionals from music and media industry. It was a considerable step for me on the way of my career growth and development of supervising qualities along with previous experience as an executive. I was able to apply my managing skills to display contrast and individuality of people with varied flairs.

Lesson 9 Essay Example | Topics and Well Written Essays - 1000 words

Lesson 9 - Essay Example Thus, this comparison draws from the way the system of beliefs in each of the two societies shape people’s behavior so as to understand the magnitude of control that beliefs have on people. This will help appreciate the important role of beliefs in the society. Both essays reveal that in a given society, a system of beliefs serves as an important component by portraying how it governs the norms and practices of the members to a greater extent. The online society of anorexics and bulimics in the Floridian society has it practices motivated by a system of beliefs drawn from the Thin Commandments and the Ana Creed. The belief that â€Å"if thou aren’t thin, thou aren’t attractive† makes girls and women in Florida to join the pro-ana society which practice anorexia and bulimia so as to keep thin (Udovitch 112). Similarly, the Dakotan society does not support women writers who tell the truth in their works. This society believes that discouragements are not mea nt for public consumption, hence the reason why women writers should not tell the truth in their writings, otherwise they risk being separated from the society. Since setting oneself apart from the rest of the society is hard to do according to Norris (128), these women writers content in writing what is acceptable, the untruth. This similarity portrays a system of beliefs in a society as an important aspect in shaping the behavior of its members. It even overrides the truth to determine what they should and should not do. Udovitch and Norris, in their respective essays, allude on the importance of a system of beliefs in the society by fronting the argument of its unifying role. The writers bring out beliefs as the glue that puts people together physically and psychologically. In Florida, the girls and women who believe that if â€Å"you do wrong and you eat, then you sin† have been brought together to an online society where they share their experiences on their practice of anorexia and bulimia (Udovitch 110). With the rest of the Floridian society opposed to this practice, the online society provides a platform to meet with people of like minds. Even in Dakota, by female writers appreciating and abiding by the general belief that â€Å"if a discouraging word is heard, it is not for public consumption,† they become acceptable in the larger Dakotan society (Norris 127). These beliefs set a standard code of expected behaviors and norms which define a particular society. Observing this code promotes harmony among the members of the given society, thus uniting them. The need for sacrifices with regard to any system of beliefs in each of the essays enhances the importance that beliefs have to a society. For the Floridian women to achieve and maintain the thin body considered to be attractive, they have to suffer pain and sacrifice eating according to the anorexia practice. Furthermore, a woman observing the anorexia and bulimia beliefs has to sacrifi ce her publicity because as one of the members confesses, â€Å"I can’t just come out and tell them I don’t eat†¦ they will get on my case† (Udovitch 111). These women sacrifice the comfort of free-will eating and publicity of their practices, which could cause deterrence from the public, so as to live up to the expectations of their beliefs. In the same way, the Dakotan women writers sacrifice the truth so as to be acceptable in the