Are you considering starting a Supermarket Business and are in need of a Supermarket Business Plan? 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.
Checklist for Starting a Business: Essential Ingredients for Success
If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!
Here’s a Valuable Free Gift for You
This is a
high quality, full blown business plan template complete with detailed
instructions and all related spreadsheets. You can download it to your
PC and easily prepare a professional business plan for your business.
Click Here! To
get your free business plan template
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 Supermarket 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 supermarket Business plan PDF book for free
Just Released: How to Manage Yourself for Success (90 Self Management Tips)
You are responsible for everything that happens in your life. Learn to accept total responsibility for yourself. If you don’t manage yourself, then you are letting others have control of your life. In this video you'll discover 90 powerful tips and strategies to better manage yourself for success.
For more insightful videos visit our Small Business and Management Skills YouTube Chanel.
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 WebsiteHere's a Sample 'Executive Summary' for a Supermarket Business plan:
COMPANY NAME is a small town supermarket located in Mountainair, New Mexico.
COMPANY NAME
Owner: INSERT NAME
INSERT ADDRESS
Phone:
Email:
Being a sole community provider, the market offers grocery products to the local community and surrounding area of approximately 4,000 citizens. Often referenced as a pillar of the community, the community's viability is dependent upon the success of their local market. Without a successful pillar, such as the market, the community would falter and gradually deteriorate. It has been frequently referenced that a healthy community is dependent upon the success of its businesses.
The market is seeking grant funding to assist with greater development efforts and to provide opportunities for further growth. The building was erected in the 1920's and has received limited upgrades to support the need for energy efficient building infrastructure and equipment. This funding will provide the necessary first steps for improving and expanding the services and enhancing the markets continued success in the community.
Prior to March 1, 2007, annual sales of the market topped $500,000 with net incomes of approximately $15,000. With only minor enhancements to the market and the addition of product, annual sales have topped $1.1 million and net income has grown to over $60,000 annually. The community has responded positively to minor changes to the market and continues to praise the owners for "saving their community."
COMPANY NAME is anticipating the receipt of funding in the amount of $600,000 in the 3rd or 4th quarter of 2010 to finance the upgrades and additions to the market.
COMPANY NAME is committed to satisfying customers by providing a broad selection of high quality and competitively priced products as well as exceptional customer service. The focus of COMPANY NAME is to create an environment that is warm, friendly, and clean. We are committed to our employees by treating them with respect, fairness and integrity and exposing them to an atmosphere that fosters teamwork and professional development.
The suppliers of COMPANY NAME are also partners in the success of the company and we expect the same in return. It is our responsibility to be active stewards in our communities and to promote local involvement.
The keys to success for COMPANY NAME are:
The building that is currently home to COMPANY NAME was originally the local community bakery The building was constructed in the 1920's and then transformed into the general mercantile store in the 1950's and continued as such until the 1980's. Because of distributor requirements to order certain quantities, the store dropped non-food items and continued to sell only food items, health/beauty, and household goods.
COMPANY NAME, originated on March 1, 2007. The business partners structured the business into two corporations; COMPANY NAME is the grocery business and INSERT NAME purchased owns the building the COMPANY NAME leases for the business. The lease is self renewing and is $1,710.00 monthly. The building is approximately 7,000 sq. ft. of which approximately 5,500 sq. ft. is actual product display and the remainder is warehouse/storage. Adjacent to the building is the store parking lot. The grocery store provides a broad range of store brand and national products of general grocery items. Because of the diverse population, the store also contains several gourmet and natural/organic products and produce. The owners of COMPANY NAME have partnered with local produce and meat farms to make local products available to the community. All meat is cut locally and is sold fresh daily. Several customers travel for miles to purchase the bologna and Longhorn Colby cheese as well as other meats and cheeses. The customers have confirmed their loyalty to our market by stating, that they will not purchase meat form any other market.
COMPANY NAME is a limited liability corporation owned and operated by INSERT NAME(s) each with a 50% share of ownership
COMPANY NAME was purchased by the current owners INSERT NAME(s) in March 2007. The annual sales were approximately $500K with a net income of approximately $15K. After installing new shelving, increasing product selection, and including bi-weekly sales, COMPANY NAME has more than doubled annual sales and has shown a net income of approximately $60K for the past two years.
Past Performance |
|
|
|
|
2007 |
2008 |
2009 |
Sales |
$733,439 |
$1,159,101 |
$1,220,803 |
Gross Margin |
$125,004 |
$297,359 |
$333,947 |
Gross Margin % |
17.04% |
25.65% |
27.35% |
Operating Expenses |
$257,014 |
$234,971 |
$269,735 |
Inventory Turnover |
15.37 |
19.06 |
17.44 |
|
|
|
|
Balance Sheet |
|
|
|
|
2007 |
2008 |
2009 |
|
|
|
|
Current Assets |
|
|
|
Cash |
$30,563 |
$57,400 |
$80,328 |
Inventory |
$39,594 |
$50,851 |
$50,851 |
Other Current Assets |
$3,656 |
$3,595 |
$44,492 |
Total Current Assets |
$73,813 |
$111,847 |
$175,671 |
|
|
|
|
Long-term Assets |
|
|
|
Long-term Assets |
$85,255 |
$86,031 |
$94,357 |
Accumulated Depreciation |
$85,255 |
$86,031 |
$94,357 |
Total Long-term Assets |
$0 |
$0 |
$0 |
|
|
|
|
Total Assets |
$73,813 |
$111,847 |
$175,671 |
|
|
|
|
Current Liabilities |
|
|
|
Accounts Payable |
$0 |
$0 |
$22,301 |
Current Borrowing |
$0 |
$0 |
$35,000 |
Other Current Liabilities (interest free) |
$13,548 |
$0 |
$3,706 |
Total Current Liabilities |
$13,548 |
$0 |
$61,007 |
|
|
|
|
Long-term Liabilities |
$0 |
$0 |
$39,454 |
Total Liabilities |
$13,548 |
$0 |
$100,461 |
|
|
|
|
Paid-in Capital |
$182,454 |
$43,025 |
$43,025 |
Retained Earnings |
($339,454) |
$45,179 |
$2,041 |
Earnings |
$217,265 |
$23,643 |
$30,145 |
Total Capital |
$60,265 |
$111,847 |
$75,211 |
|
|
|
|
Total Capital and Liabilities |
$73,813 |
$111,847 |
$175,671 |
|
|
|
|
Other Inputs |
|
|
|
Payment Days |
30 |
30 |
30 |
How To Be A Great Leader Without Trying Too Hard
We all know
that open communication, trust and respect are important aspects of
being a strong business leader. However, how many of us really know how
to accomplish these and other vital leadership goals? Keep reading to
find some helpful suggestions about becoming the strong leader of a
successful business enterprise.
Use a mentor. Find someone whose
leadership skills you trust, and model your behavior after theirs. Watch
them for a while, and get an idea of how they lead and what makes them a
good leader. You don't want to mimic them completely, but find what
works about their style and incorporate it into a style that works for
you.
You may be a visionary with excellent insight into your
company's market sector, but you don't know everything. Your
subordinates may be in more intimate contact with part of the market as
part of their job. If your marketing director says that your advertising
isn't appropriate for your target audience, listen to her. She's
probably right.
Effective leaders are inspiring. You need to
develop the ability to inspire those who work under you, motivating them
to work toward a common goal. You can use public speaking to achieve
this, but there are also videos, blogs, articles and other methods to
convey your uplifting message to your audience.
As a leader, you
must have confidence. This will, in turn, instill confidence in your
team. If your team sees you doubt yourself, they will begin to doubt you
too. Always act deliberately and do not waver, but do not be afraid to
change your mind. A good leader is flexible.
As you lead,
concentrate on people and everything else will fall into place. Learn
how you can best inspire and encourage those who are working with you.
Instead of focusing on every task, motivate your team members to do
their jobs correctly and efficiently.
Don't make the mistake of
ordering people around. That is not true leadership. The key to true
leadership is to inspire those around you. You need to help them find
their own voices, so that they can go on to lead others. The entire
journey they take with you is about their ability to know themselves
better.
Be open to doing things in different ways than the ones
you are familiar way. Do not immediately shut people down because they
are suggesting you do things differently. Show them that you are
open-minded and willing to give new things a chance. This will help
foster better connections with people.
Continue to learn new
leadership techniques and innovative methods for conducting business.
Continuing your education will give you a better understanding of how
your younger employees think. A new perspective will help you improve
your leadership style while also giving you the tools to be competitive
in an ever-changing market.
Conquer your fear. Fear can be a
terrible thing for you to experience, especially if you're a leader.
Instead, start paying attention to what the fear is telling you. Learn
to process it in a way that is healthy and in a way that urges you to
move beyond the fear to something more.
Be prepared for conflict
and try to deal with it before it gets out of hand. Ignoring conflict
will make the problem worse and make you look too weak to handle it.
Practicing good communication skills with your employees will help them
feel more respected even if they don't agree with specific decisions.
A great leadership tactic is to periodically meet with individuals
concerning their personal work goals. Try meeting privately, going over
goals they may have, as well as your goals for them as part of the team,
or workforce. Then, find out if there is any way you can help them to
meet these goals. Lastly, be sure to follow through.
When you are
the leader of the group, you are responsible for the atmosphere. If you
come to work in a bad mood and are disrespectful to your team, the
atmosphere will be a negative one. Always try to keep things positive at
the office, work site and in your communications with your team.
Leaders need to know the difference between what they have in mind and
what needs to be done. The two could be at odds. If you have something
on your mind, it needs to be released. Write things down so you will not
let it interfere with your current task.
As a leader, part of
your job is to be there for your team, or workforce. Always encourage
your team to explore new options and challenges. Help them to identify
their weaknesses, strengths and work style. Then, If you let them, each
individual person can help to increase the growth of the company.
The way you use humor in the presence of others can influence their
perceptions of your leadership abilities. For example, you may find that
constant self-deprecation has an unfavorable effect on others' respect
for your power. Frequent use of this type of humor communicates
immaturity and an inability to be serious.
If you are in a
leadership, or management role, at work, remember that your entrance
sets the tone of the day. If a grumpy boss comes in, the team will be on
edge, and fearful of aggravating the boss. On the other hand, if you
leave your troubles at the door, and walk in with a smile, everyone's
day, including yours, will be positive and more productive.
Build
relationships with your team by applying the principles of servant
leadership. While working toward the group's long-term goal, make it
clear that you are personally invested in the short-term goals of each
group member. As a servant leader, you focus on empowering others to
perform their duties for the task at hand, but also for future projects.
Now that you understand some of the things that are necessary in
becoming an effective leader, you can go into work with more confidence.
Remember these tips when you are dealing with your employees, customers
and clients. Keep learning new leadership skills to become the best
leader you can be.