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Hardware Store Business Plan PDF Download

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Free Small Business Templates and Tools
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How to Start a Retail Business - Hardware Store Business Plan PDF

Are you considering starting a Retail Business and you’re in need of a hardware store business plan PDF? 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.


Don’t Start a New Bar Business Unless You Watch This Video First!

Checklist for Starting a Retail 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!

For more insightful videos visit our Small Business and Management Skills YouTube Chanel.


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 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 hardware store business plan PDF 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 hardware store business plan PDF book for free

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 Retail Business plan:

[COMPANY NAME] will be a sole proprietorship owned by [NAME]. The Company is a start-up as [NAME] will purchase the rights to the existing location for $75,000. Upon purchase of the rights, the Company will demolish the existing structure and build a new State of the Art hardware store.

[COMPANY NAME] will be a standard general hardware store that offers the parts, material, and advice to tackle any home repair, as well as lawn care. The primary focus will be to satisfy the seasonal needs of the area's customers.

The Company will service the hardware and repair needs of the Pickaway, Fairfield, Hocking and Ross County households. The Company would like to increase sales in all market segments above with a concentration of growth in sales to homeowners who do their own repairs.
The focus of this business plan is to put forth objectives to launch operations, work efficiently and effectively, and expand internal operations giving the Company the opportunity to grow with sales growth in the surrounding County areas. [COMPANY NAME] is ready to elevate to the next step. The Company is seeking grant funding in the amount of $600,000. The grant funding will be used to launch operations including purchasing the existing land & business, construction of a new Building and purchasing equipment and displays for the store. Additionally, the Company will purchase the opening inventory, develop a website and launch an advertising campaign.

1.1 Objectives

[COMPANY NAME] has the following objectives.
1. Obtain Grant funding to purchase an existing hardware store and rebuild the retail space.
2. Customer Service - Give our customers the highest quality product and service at a fair competitive price.
3. To create a safe environment for people in the community to come for their hardware store needs.
4. To provide jobs within the community.
5. To successfully manage a hardware store.

1.2 Mission

The mission of [COMPANY NAME] is to offer quality hardware products in a customer-friendly shopping environment. Our customers will get assistance quickly and will leave the store prepared to get the job done right the first time. [COMPANY NAME] will also focus on anticipating the seasonal needs of its customers and providing the best products at competitive prices.

 1.3 Keys to Success

The keys to success for [COMPANY NAME] are:
1. Location: [COMPANY NAME] will be assuming ownership of an existing hardware store. The Company plans to demolish the existing building and build a new State of the Art hardware store. We will have an existing base of customers.
2. Seasonal Products: Each season has it own unique demand on a homeowner. [COMPANY NAME] will focus on this pattern and bring in local customers by marketing these items at competitive prices.
3. Repair/Project Resource Area: The first section customers will find when they enter is a repair/project resource area that they can use to plan repairs or projects. There will be a repair/project resource person to answer questions and direct them to the section of store where the needed products are.
4. In-Store Expertise: Store employees will be knowledgeable in home repairs/projects. In addition, the repair/project resource area will be used to conduct short trainings and demonstrations in home repair and home projects.

[COMPANY NAME]
[NAME]
[ADDRESS]
[CITY, STATE ZIP]
Phone: XXX-XXX-XXXX
[EMAIL]

[COMPANY NAME] will be a sole proprietorship owned by [NAME]. The Company is a start-up as [NAME] will purchase the rights to the existing location for $75,000. Upon purchase of the rights, the Company will demolish the existing structure and build a new State of the Art hardware store.

[COMPANY NAME] offers the parts, material, and advice to tackle any home repair, as well as lawn care. The store's owner, [NAME], has worked in the existing hardware store helping the current owner and customers. [NAME] has built a relationship with the existing customer base.

The current plan for [COMPANY NAME] is to obtain grant funding in the amount of $600,000. 

2.1 Company Ownership

[COMPANY NAME] will be a sole proprietorship owned 100% by [NAME]. [NAME] has been a resident of Tarlton community for over 36 years. 

2.2 Start-up Summary

[COMPANY NAME] will purchase the existing business for $75,000. As the existing structure is in such disrepair, the Company will consider the purchase price as cost of the land.
The following is a detailed cost estimate for construction and start-up expenses of the facility: 

Description

Amount

 1.

Building 10,000 sq ft

$250,000

 2.

Land

75,000

 3.

Misc. Permits, Plans, etc

10,000

 4

Interior Finish

30,000

 5.

Parking Lot & Lighting

15,000

 6.

Shelving and Displays

30,000

 7.

Office Equipment & Furniture

30,000

 8.

Signage

3,000

 9.

Web Site Creation

3,000

10.

Opening Inventory

25,000

11.

Other Expenses

39,000

12.

Working Capital

70,000

13.

Demolition of existing Structure

20,000

TOTAL

$600,000

 Start-up costs and initial financing are shown on the following tables and chart.

Table: Start-up

Start-up

 

Requirements

 

Start-up Expenses

 

Legal

$20,000

Licenses & Permits

$10,000

Demolition of Existing Structure

$20,000

Insurance

$4,000

Signage

$3,000

Website

$3,000

Other

$15,000

Total Start-up Expenses

$75,000

 

 

Start-up Assets

 

Cash Required

$70,000

Start-up Inventory

$0

Other Current Assets

$0

Long-term Assets

$430,000

Total Assets

$500,000

Total Requirements

$575,000

3.0 Products

[COMPANY NAME] will be a standard general hardware store that offers the parts, material, and advice to tackle any home repair, as well as lawn care. The primary focus will be to satisfy the seasonal needs of the area's customers.
Fall/Winter: Weatherization projects.
Spring: Garden/lawn projects/home improvement projects.
Summer: Outdoor building projects.

Become A Better Leader Tomorrow By Using These Tips Today!

You need the right set of skills to be a great leader. You may be born with some leadership skills. If not, they can be learned with a little bit of work and research. Use these tips to get started on training yourself to be the best leader you can be.

Be confident in a decision before you share it with others. If you look indecisive, that will cause those beneath you to be indecisive as well. Not only that, but indecision causes others to be able to try to take your position. Instead, deliberate in private before you make any announcements.

Be sure to finish everything you start or you risk losing the respect of the people that work under you. Even if something seems particularly difficult, you should give it your all and see it through to the end. No one will look at you the same if you turn into a quitter.

Learn to take responsibility for things, even those that are not your fault. A great leader understands that when the team fails, everyone fails. Instead of placing blame on individual members of the team, a great leader will know that something about the way he leads the team may be the reason for the failure.

Being a leader means taking action. It doesn't matter how many good ideas you have if all they ever do is take up space in your head. Develop a plan and put your idea into action. Focus on the outcome you would like to achieve and focus your energy on making it happen.

To be a good business leader, always keep an eye out for more than your current problems and urgent matters. What that means is to always be open to opportunities that present themselves. You never know when you might make the right potential professional contact or see a chance to make some money suddenly. Always be prepared for these moments.

Get to know the truly talented performers underneath you. Great employees are hard to come by, and harder to keep. Learn what their personal ambitions are in life. The more you are able to synergize their dreams with your business' goals, the longer you can retain them and their productivity.

Keep in mind that hope is not always a good thing. If you or your business are involved in a situation that has an inevitable and bad ending, do what is necessary to terminate the situation and move on. Employees will never forgive blind optimism in such circumstances, and it's better for everyone to have a bad situation behind them as soon as possible.

You may be a leader, or manager, but you are a human first. We all make mistakes from time to time. If you find that you have made a mistake, do not try to hide it, hoping no one will find out. You will attain a new level of respect by admitting your mistakes to your team, asking for their input and even apologizing for a mistake.

Anyone in a leadership role should be concerned about trust. You must be able to trust your team, or workforce, and they must also be able to trust you. Try having a meeting periodically with a small group, where trust issues are discussed, and solved. Look for good articles on the subject of trust in the workplace, and read them with your group, giving each other feedback and suggestions.

Learn to delegate properly. A good leader know that they cannot handle everything alone. They need others to do certain tasks. That doesn't mean delegating all of your responsibilities to others, but if you know someone on your team wants to help or can do a certain task better than you, pass it on to them. This will keep things moving forward by letting you work on other tasks that need completed.

Become a good decision maker. Leaders are generally known for their good choices. Sometimes it requires risk taking. If you can do so quickly, using your knowledge and intuition, then others will want to follow you. Avoid second guessing yourself. Sometimes the best decisions do not work out the way you assumed they would; however, you can still learn from these decisions.

Have a vision. Planning for the future is important. Things might be great now, but will it still be a year from now? What about ten years from now? Try to keep abreast of any change that might be relevant to your business. Shape your plans and your vision accordingly.

Establish clear communication channels. Your team should always be fully informed of every aspect of the project, including any deadlines that need to be met. Having good communication with your team will help establish your credibility as a leader and gaining their support. Your team should also feel free to contact you with questions or constructive feedback.

Get to know each of your employees one-on-one within the business environment. Find out what they like about their job, what they don't like and the things they would change. Try to check in with every employee periodically. These one-on-one meetings should be informal and you should not be threatening when you spend this time with your employees.

An effective leader must be able to remain level-headed in the event of major catastrophes, such as a natural disaster, power outage, or scandal. The ability to be decisive is critical, especially when the group is in imminent danger. This entails making your presence and participation known, clearly communicating expectations, and reducing uncertainty.

Keep an open mind about how you lead and the most effective ways to complete a task. Even if you feel like you have everything in the bag, others have a lot to contribute, and listening to their perspective might just make the tasks at hand easier or better. Remember this, and never be afraid to change course if necessary.

You were born with some of the skill required to be a great leader. Work on the skills you do not have by researching techniques and practicing your skills. Using the information in this article is a great way to start. Use the tips and tricks listed above to learn those skills you were not born with.

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