Business Proposal
Business Proposal
1. Industry Overview
Businesses in the Athletic Shoe Stores industry retail footwear for men, women and
children. They are involved in the sale of shoes and footwear in different forms such as
rubber and plastic footwear, sneakers, protective footwear (Safety boots), house
slippers and slipper socks.
Companies in this line of business also retail men’s or women’s footwear specifically
designed for casual, formal and work environments. These products also include men’s
or women’s shoes with rubber or plastic soles and leather or vinyl uppers.
2. Executive Summary
JC Fashion Shoe Sneaker is a registered sneaker store that will be located in one of the
busiest streets in Esperanza Sultan Kudarat. We have been able to lease a facility that is
big enough to fit into the kind of sneaker store that we intend launching.
JC Fashion Shoe will retail a wide range of men’s, women’s, children’s sneakers, and
other types of athletic shoes from different brands in the Esperanza and other
countries of the world. We are set to service a wide range of clientele in and around
Esperanza Sultan Kudarat
We are aware that there are several sneaker outlets around Esperanza Sultan Kudarat,
which is why we spent time and resources to conduct a thorough feasibility studies and
market survey so as to favorably compete with all our competitors. We have an online
service option for our customers, and our outlet has various payment options.
The Business model and structure we intend putting in place is such that can support
the growth of the business especially as it relates to opening chains of outlets. The fact
that we will also give our customers the opportunity to make purchase online means
that we just have the put the right business structure and foundation in place.
We will ensure that we hire people that are qualified, honest, customer centric and are
ready to work to help us build a prosperous business that will benefit all the stake
holders. As a matter of fact, profit-sharing arrangement will be made available to all
our senior management staff and it will be based on their performance for a period of
ten years or more.
In view of that, we have decided to hire qualified and competent hands to occupy the
following positions;
Store Manager:
Merchandise Manager
Manages vendor relations, market visits, and the ongoing education and
development of the organizations’ buying teams
Helps to ensure that quality sneakers and other athletic shoes from different
manufacturers are purchased and retailed in good price that will ensure we
make good profit
Responsible for planning sales, monitoring inventory, selecting the merchandise,
and writing and pricing orders to vendors
Information Technologist
Accountant/Cashier:
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone)
provides the client with a personalized customer service experience of the
highest level
Through interaction with customers on the phone, uses every opportunity to
build client’s interest in the company’s products and services
Manages administrative duties assigned by the human resources and admin
manager in an effective and timely manner
Consistently stays abreast of any new information on the organizations’
products, promotional campaigns etc. to ensure accurate and helpful
information is supplied to customers when they make enquiries (answer
customer queries regarding the store and the merchandise)
Finds out the customer’s needs, recommend, select and help locate the right
merchandise, describe a product’s features and benefits
Makes suggestions and encourage purchase of products
Bags or package purchases and gift wrap merchandise
Cleaners:
Responsible for cleaning all the sneakers and the store facility at all times
Ensure that toiletries and supplies don’t run out of stock
Handles any other duty as assigned by the store manager.
6. SWOT Analysis
We intend starting with just one sneaker store to enable us test run the business for a
period of 2 to 5 years to know if we will invest more money, expand the business and
then open other outlets.
We are quite aware that there are several sneaker stores, shoe stores and sport shops
that retail sneakers all over Esperanza Sultan Kudarat and even in the same location
where we intend locating ours, which is why we are following the due process of
establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able
to position our business to maximize our strength, leverage on the opportunities that
will be available to us, mitigate our risks and be equipped to confront our threats.
JC Fashion Shoe employed the services of an expert HR and Business Analyst with bias
in retailing to help us conduct a thorough SWOT analysis and to help us create a
business model that will help us achieve our business goals and objectives.
Strength:
Our location, the business model we will be operating on both (physical store and
online store), varieties of payment options, wide range of sneakers and other athletic
shoes from different brands and our excellent customer service culture will definitely
count as a strong strength for JC Fashion Shoe.
Weakness:
A major weakness that may count against us is the fact that we are a new sneaker store
outlet in Esperanza and we don’t have the financial capacity to compete with multi –
million’s sneaker outlets like Design Shoe Warehouse (DSW), Foot Locker Inc., Brown
Shoe Company, Payless Shoes and co when it comes to retailing at a rock bottom
prices.
Opportunities:
The fact that we are going to be operating our sneaker store in one of the most visited
shopping plaza in Esperanza Sultan Kudarat provides us with unlimited opportunities
to sell our sneakers to a large number of customers. We have been able to conduct
thorough feasibility studies and market survey and we know what our potential clients
will be looking for when they visit our sneaker store; we are well positioned to take on
the opportunities that will come our way.
Threat:
Just like any other business, one of the major threats that we are likely going to face is
economic downturn. It is a fact that economic downturn affects purchasing / spending
power. Another threat that may likely confront us is the arrival of a new sneaker retail
outlet in same location where ours is located. So also, unfavorable government
policies may also pose a threat for our business.