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Business Plan-Customize Clothing-.docx - qw ert yui op asd...

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CYC (Customize Your Clothes)“Customization Beyond Imagination”Submitted to: Mam ZenabBy:Syed Minhaj Ali Shah-47073Syeda Anum Fatima-45802Shahzain Hameed-47379Nehal Shahid-45803Bilal lakhani-44644Project Of:Entrepreneurship IBusiness PlanDate:13.01.21qwertyuiopasdfghjklzxcvbnmqwert
Executive SummaryCustomers want variety, quality, and elegant design and the company wants to create a newchannel for shopping purpose. The business of customization clothing will be start from anapplication in which bundle of variety will be introduced and our intentions are to obtain 80%market sharesand webelieve thatthis is critical to our initial success and long-term growth.This business plan offers financial institutions an opportunity to review our vision and strategicfocus. It also provides a step-by-step plan for the business start-up, establishing favorable salesnumbers, gross margin, and profitability.This plan includes chapters on the company, products and services, market focus, action plansand forecasts, management team, and financial plan.MissionOur mission is to establish a clothing line that will make available a wide range of clothes forfemales and in our teamto deliver value to our innovative technology, teamwork and byfulfilling our social and environmental responsibilities.VisionDelivering the best products and services to our customers.1.1Objectivescreate a shopping environment that caters to the apparel needsTo receive a 50% profit margin within the first year.To achieve a net profit of $75,000 by year two and $100,000 by year three.Sales approaching and surpassing $1.9 million by the end of the first year.Targeting and maintaining a net profit of at least 14% by the second year.To cultivate monthly sales to reach $167,000 by the end of the fourth month ofoperation, and $220,000 monthly by the end of the first year of operation.1.3 Keys to SuccessThe keys to success in this business are:1.Product quality: Cloths will be in different variety and design and our products will havedifferent segments and must be of the high quality and value.2.Service: Experience will suffer if service is not of the highest caliber. Each member of thestaff will be courteous, efficient, and attentive to provide good satisfaction to customers.
3.Marketing: We will need to target our audience early and often. While the business islocated in a central and accessible location, many people will have to be re-introduced tothe neighborhood surrounding even social media is main target for our business4.Management: We will need to have a firm for clothing, beverage, and labor costs. Thecloths design must be delivered in a fashion that will not only inspire repeat business, butencourage word-of-mouth recommendations to others. Proper inventory, employeemanagement, and quality control are key.

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Term
Winter
Professor
Daniyal

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