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How to Start a Jewelry Business | Free Book PDF Download

Starting a Jewelry Business

 

How to Start a Jewelry Business - Free Book


Are you considering starting a Jewelry 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 Printing Business. 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 consulting 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 Printing 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 Jewelry Business plan:

Introduction
[COMPANY NAME] aims to become a leading provider of jewelry products and services for its area, utilizing the owner's five years of experience within this industry.
Location
[COMPANY NAME] will be a sole-partnership owned 100% by [NAME] and will be located in Morgantown, WV – in the Suncrest Town Centre.
The Company
[NAME] will be the owner and manager of [COMPANY NAME], offering a variety of unique jewelry pieces as well as high quality repair and maintenance services, all available at competitive prices to the local community.
Our Services
[COMPANY NAME] will offer the following products and services:-
Jewelry & watches, etc. - 70%
Designer Handbags & Purses - 20%
Maintenance and Repair - 10%
The Market
[COMPANY NAME] has two distinct types of customers. Those who choose to buy jewelry for themselves (mainly female customers) and those who choose to buy it as a present for others (both male and female clients). There are also those who wish to utilize the repair and maintenance services the Company has to offer. The market will therefore focus on those above the age of 18, located specifically in Morgantown, WV as well as those in Uniontown, which is only a 45 minute drive from the Suncrest Town Centre.

Financial Considerations
The current financial plan for the [COMPANY NAME] will be to secure $245,000 in grant funding by the spring of 2011. This, alongside $30,000 of owner investment, will be utilized to purchase both short and long term assets such as jewelry cases, safes & security cameras, inventory as well as help cover the costs of accounting, marketing and a company vehicle, as outlined in the Milestones Table.
The major focus for grant funding is as follows:
1. The [COMPANY NAME] is a 100% woman owned business.
2. Small boutique that carries outstandingly unique designs, not easily found elsewhere, offering customers a variety of options outside of big store names.
3. Purchased equipment will be the most energy efficient equipment available.
4. Hire employees; the Company will look to hire both minorities and the unemployed.

1.1 Objectives

[COMPANY NAME] has several objectives it would like to fulfill. They are the following:
1.  To become a recognized leader in the community for providing outstanding jewelry inventories and jewelry related services.
2.  To aggressively expand during the first three years of operation.
3.  To develop an online presence by developing a website with company information and advertising.
4.  To operate the Business as environmentally friendly as possible.

1.2 Mission

The [COMPANY NAME]'s mission is to become the recognized leader in its target market for providing outstanding jewelry inventories and jewelry related services.

1.3 Keys to Success

[COMPANY NAME] aims to have several keys to success, including the following:-
1. Outstanding inventories and jewelry related services.

2. Effective marketing strategy.

3. Competitive pricing.

4. Location.


2.0 Company Summary

[NAME] will be the owner and manager of [COMPANY NAME], which aims to open its store up in the Suncrest Town Centre, Morgantown, WV.  [NAME] has 5 years of jewelry store operations experience and will be bringing this knowledge to [COMPANY NAME].

2.1 Company Ownership

[NAME] will be the sole proprietor, owning 100% of the Business.

2.2 Start-up Summary

The [COMPANY NAME] aims to purchase business licenses etc, for $1,000 as well as initial office stationary for $1,000. The Company also aims to purchase a year's worth of insurance for $10,000 as well as a 5 year lease on the property for $30,000 per year. An office computer, printer and other software will be bought for $4,000 and a further $35,000 will cover 'other expenses' such as jewelry cases, displays and a safe.
Initial Start-Up Assets not included in the Start-Up Expenses will include $15,000 as the cash required for in-store hand money.

Table: Start-up

Start-up

 

 

 

Requirements

 

 

 

Start-up Expenses

 

Legal

$1,000

Stationery etc.

$1,000

Insurance

$10,000

Rent

$30,000

Computer

$4,000

Other

$35,000

Total Start-up Expenses

$81,000

 

 

Start-up Assets

 

Cash Required

$15,000

Start-up Inventory

$120,000

Other Current Assets

$0

Long-term Assets

$0

Total Assets

$135,000

 

 

Total Requirements

$216,000

3.0 Products and Services

The primary revenue source for the business will come from the direct sale of jewelry inventories to the general public. These initial inventories will include watches, bracelets, rings, earrings, and other jewelry products that are in demand. These products will be made from the highest quality metals including sterling silver, gold, and platinum. The [COMPANY NAME] will also carry a number of jewelry products that feature precious stones such as diamonds, rubies, emeralds, sapphires, and other rare stones. Approximately 70% of the [COMPANY NAME]'s revenue will come from the sale of jewelry products.  A secondary source of revenue for the business will come from the sale of designer purses and handbags. A third source of revenue will come from providing jewelry related services to its customer base. These services will include jewelry piece resizing, watch repairs, polishing, and other services commonly associated with jewelry maintenance. This is a very important source of revenue for the [COMPANY NAME] as the income generated from these services carries very high margins.


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