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How to Start a Furniture Store Business | Free Book PDF Download

Starting a Furniture Store Business

 

How to Start a Furniture Store Business - Free Book


Are you considering starting a Furniture Store Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a Furniture Store firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Furniture Store Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a Furniture Store Business plan:

COMPANY NAME, in business since 1991, designs and custom builds in home offices with Murphy beds, kitchens and baths.  The owner and sole operator of the company, INSERT NAME, has hands on experience with everything from the general contracting, meeting with clients and record keeping.  COMPANY NAME is currently operated from Eveleth, Minnesota and proudly resides in a preserved schoolhouse built in the early 1900s. 

1.1 Objectives

  • Increase sales by expanding the business.
  • Restore and preserve historic building where the business is currently stationed.
  • Increase visibility by implementing an advertising campaign.
  • Expansion of services by the end of 2010.

1.2 Mission

To provide excellent service in custom cabinet refacing, custom cabinet building, finishing, installing and remodeling in addition to custom home and office furniture specializing in real wood veneers and custom Murphy wall beds.

1.3 Keys to Success

The keys to success in our business are:

  • Superior Customer Service: High-quality care and service.
  • Convenience: offering clients a wide range of services and options.
  • Location: provide an easily accessible location for customer convenience and preserve a historic building where the company resides.
  • Reputation: credibility, integrity, and 100% dedication.

COMPANY NAME is a sole proprietor small home and office decor contracting and supply business located in Eveleth, Minnesota which began business in February of 1991.  The owner of COMPANY NAME, INSERT NAME, has been in construction and designs his whole life. He has hands-on experience in all aspects of the trade from record keeping to design, finishing and installing. He has an electrical background, a contracting license for buildings, a lead license, an advertising background, sales experience and people management skills. He also takes continuing education courses in construction, lead, design, advertizing and people management yearly to keep up with changes in the industry.

2.1 Company Ownership

COMPANY NAME /Murphy Wall Beds a Minnesota Sole Proprietor business based in St. Louis County, privately owned by its principal operator.

2.2 Company History

COMPANY NAME has done custom cabinet refacing, custom cabinet building, finishing, installing and remodeling custom furniture (Home and Office) since 1991.  The company specializes in real wood veneers as well and custom Murphy Wall beds.  COMPANY NAME has successfully been in business still to this day in a depressed economy and totes itself as being the "Cadillac of Refacers".
The more detailed numbers in the Past Performance table include other indicators of some concern.  The gross margin % has been declining steadily due to the economy, as we see in the chart.  This concern is part of the general trend affecting all small business owners. The margin squeeze is happening throughout all industries worldwide.

Table: Past Performance

Past Performance

 

 

 

 

2007

2008

2009

Sales

$44,969

$79,200

$47,626

Gross Margin

$44,969

$79,200

$47,626

Gross Margin %

100.00%

100.00%

100.00%

Operating Expenses

$43,787

$50,025

$67,071

 

 

 

 

Balance Sheet

 

 

 

 

2007

2008

2009

 

 

 

 

Current Assets

 

 

 

Cash

$3,108

$23,329

$5,234

Other Current Assets

$0

$0

$0

Total Current Assets

$3,108

$23,329

$5,234

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$80,000

$80,000

$80,000

Accumulated Depreciation

$0

$0

$0

Total Long-term Assets

$80,000

$80,000

$80,000

 

 

 

 

Total Assets

$83,108

$103,329

$85,234

 

 

 

 

Current Liabilities

 

 

 

Accounts Payable

$0

$0

$0

Current Borrowing

$0

$0

$0

Other Current Liabilities (interest free)

$0

$0

$0

Total Current Liabilities

$0

$0

$0

 

 

 

 

Long-term Liabilities

$0

$0

$0

Total Liabilities

$0

$0

$0

 

 

 

 

Paid-in Capital

$0

$26,355

$26,355

Retained Earnings

$83,865

($110,391)

($155,085)

Earnings

($757)

$187,365

$213,964

Total Capital

$83,108

$103,329

$85,234

 

 

 

 

Total Capital and Liabilities

$83,108

$103,329

$85,234

 

 

 

 

Other Inputs

 

 

 

Payment Days

0

0

0

3.0 Products and Services

The following subtopics discuss COMPANY NAME services and an overview of competitors in the vicinity.

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