A fashion alteration business plan should define the service suite and show the market potential for your concept. If you provide alterations from a fixed-location shop, then you are marketing to a set geography of people and you should show Census figures to gauge the scope of your audience. If you will perform fashion alterations elsewhere -- on TV for example, or for models preparing to walk the runway -- write about the frequency of these opportunities and talk about how you can engage with them. Other important factors at play:
• How will you market your services?
• What staffing needs do you encounter in the first few years?
• How much capital will be required to launch?
• Will you be seeking an investment or a bank loan/LOC?
• Can you supply photos or testimonials in support of your business?
If you have existing revenues be sure to show a 3-year past performance table and graph that highlights your growth trajectory. Justify any aberrations with a footnote. Also, for your financial model, be sure that you can call upon assumptions based on industry and market averages. Your model should show revenues, profit and loss statements, a balance sheet, cash flow tables, the break-even point, a sensitivity analysis, and a breakdown by month for Year 1 post-funding. MasterPlans has experts modelers, writers and financial people who can make the business plan come to life for you. Call today for a free quote: 877-453-2011.
