Writing yourself a used books business plan to get funding for a used books store? The business plan should make it as clear as possible how you plan to break-even on schedule and what you intend to do in order to ensure a steady base of customers. If you have a location in mind, use the address of the shop to perform a radial demographic search showing how many people there are living nearby and what their discretionary expenses are. (The US Census should have tools that allow for this, and if you need a greater level of detail than the free reporting, data measuring firms like ESRRI can help.) How will the book store market to its audience? Talk about online vs offline methods of marketing and show them in your budget. Also:
• What is your primary competition? Online stores and mega-sellers like Barnes & Noble, or independents close to your shop?
• Who is your target customer?
• How will you set store hours and what will staffing needs look like?
These are just a few of the questions that the business plan for used books needs to address. Descriptions of what you will stock, how you acquire merchandise, and how the industry is performing are also vital. For the financials, show that your business can break-even within about 18 months, and make sure the cash flow remains positive throughout the projection. A monthly breakdown for Year One post-funding is also a Small Business Administration requirement. MasterPlans can write the entire plan and prepare the whole model for you. Call us at 877-453-2011 to learn more.
