Looking for the Marshalls business plan? With more than 750 department stores nationwide, this middle-market retailer focused on name brands at affordable prices no doubt has a strong, intelligent business plan, but you'll need to petition TJX Companies for more information on that! However if what you want to do is start your own retail shop that carries recognized brands and emphasizes quality products at affordable price points, you can take the first step by writing a business plan for the concept. But a bank or investor won't be sold simply on the idea that you can build a retail site as profitable as a Marshalls. You will need to prove the following:
• That there's a market need in your area
• That you can acquire the property you'll need
• That you know your customer base
• That you have a solid marketing plan in mind
• That you understand how to hire, who to hire, when, and how much to pay them
The personnel plan can solve some of the questions about your staff (store management all the way down to cashiers and stock people), but you will need to do much more than that to complete an acceptable pro forma model for a Marshalls-type business plan. You will have to show the start-up summary and use of funds, highlights, assumptions, ratios, and other investor/banker metrics in addition to the standard set of tables (revenue forecast, break-even, profit and loss, cash flow, and balance sheet). Additionally, a monthly breakdown for year one is critical and all funders will expect it. Need more help with the market analysis or the pro forma? MasterPlans has written more than 10,000 business plans and hundreds have been for consumer goods retail stores. Call 877-453-2011.
