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How to Start an Online Retail Business | Free Book PDF Download

Starting a Online Retail Business

 

How to Start an Online Retail Business - Free Book


Are you considering starting an Online Retail 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 Online Retail Business plan:

COMPANY NAME is an upscale gentlemen's fashion necktie and bowtie online retail store with another agenda in mind aside from fashion; a charitable initiative worldwide focused on education.   COMPANY NAME was organized and operates from [INSERT TOWN], USA.  COMPANY NAME will be able to offer a wide selection because the Company has ready made, semi-custom and full-custom options.
COMPANY NAME offers custom neck ties and bow ties.  The Company provides a multitude of fabrics to choose from. Perfect for a party, special occasion, wedding or individual.  For each and every custom tie we apply the threads for threads modus operandi.
Privately owned and operated by OWNER’S NAME, COMPANY NAME is a newly established online retail store offering stylish, eclectic and high fashion men's ties to consumers wanting to make a classy, sophisticated fashion statement while at the same time indirectly helping provide children with school uniforms in another part of the world.

1.1 Objectives

The objectives for the first three years of operation include:

  • To expand the men's high fashion accessory-based online retail store whose primary goal is to exceed customer's expectations.
  • To increase the number of clients served by 20% per year by serving an unmet need with outstanding selection and customer service.
  • To expand the business, surviving off of its own cash flow.

1.2 Mission

COMPANY NAME'S mission is to provide men with an upscale selection of neckties and bowties and outstanding customer service. COMPANY NAME exists to not only attract and maintain customers; the Company also gives back to underprivileged children with every tie purchase. When COMPANY NAME adheres to this maxim, everything else will fall into place. The Company's products, services and charitable initiatives will exceed the expectations of customers.
COMPANY NAME sole purpose is to spread sophisticated fashion and instill confidence with gentlemen in the Western world while at the same time helping provide educational opportunities for children in need overseas.  By insuring that every child has access to a uniform, a requirement to receive education, the Company lays the foundation for growth, transformation, innovation, opportunity, equality and most importantly freedom.

1.3 Keys to Success

The key to success is to meet the demand for an upscale men's fashion accessory online retail store with a wide selection and focused customer attention.  Product placement with carefully selected partners is also key.

Privately owned and operated by OWNER’S NAME, COMPANY NAME is a newly established online retail store offering stylish, eclectic and high fashion men's ties to consumers wanting to make a classy, sophisticated fashion statement while at the same time indirectly helping provide children with school uniforms in another part of the world.

2.1 Company Ownership

COMPANY NAME is a a sole proprietorship company owned 100% by OWNER’S NAME.  There are plans to incorporate and organize the Company as a California State S Corporation in the near future.

2.2 Company History

COMPANY NAME is a new organization established in March of 2010 and is currently in operation.  OWNER’S NAME, entrepreneur and designer, is being the concept of combining high men's fashion with charitable awareness for a good cause.  COMPANY NAME is the first female established, owned and operated men's high quality tie and scarf retailer that specializes in this genre.

Table: Past Performance

Past Performance

 

 

 

 

2008

2009

2010

Sales

$0

$0

$0

Gross Margin

$0

$0

$0

Gross Margin %

0.00%

0.00%

0.00%

Operating Expenses

$0

$0

$0

Inventory Turnover

0.00

0.00

0.00

 

 

 

 

Balance Sheet

 

 

 

 

2008

2009

2010

 

 

 

 

Current Assets

 

 

 

Cash

$0

$0

$0

Inventory

$0

$0

$0

Other Current Assets

$0

$0

$0

Total Current Assets

$0

$0

$0

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$0

$0

$0

Accumulated Depreciation

$0

$0

$0

Total Long-term Assets

$0

$0

$0

 

 

 

 

Total Assets

$0

$0

$0

 

 

 

 

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

$0

$0

Retained Earnings

$0

$0

$0

Earnings

$0

$0

$0

Total Capital

$0

$0

$0

 

 

 

 

Total Capital and Liabilities

$0

$0

$0

 

 

 

 

Other Inputs

 

 

 

Payment Days

0

0

0

3.0 Products

COMPANY NAME will sell upscale high quality men's ties. The general categories of ties that will be sold are:

  • Neckties
  • Bowties
  • Scarves
  • Pocket Squares

Designed and hand-tailored in [INSERT TOWN] USA, COMPANY NAME makes innovative ties and bow ties, while simultaneously facilitating a child’s education. Crafted from British wools and Italian silks, each tie is meticulously detailed with COMPANY NAME signature hand stitched red X bartack and tipped with fine men’s shirting.  COMPANY NAME is more than a pure fashion statement; with every tie purchased COMPANY NAME provides a school uniform to a child in the developing world. 
COMPANY NAME will strive to supply one of the largest selections of men's ties in United States, barring the larger stores in major metropolitan areas. COMPANY NAME will accomplish this by having one tie per style in stock as a demonstration model. COMPANY NAME will then order the style in the needed quantity and it will arrive within two days (rush one day service is available). This will be accomplished through a special relationship with the manufacturer in [INSERT TOWN] who is able to send out the right quantity in the right style on demand.


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