two craft stores would be what that physical item could be and the size of it. For my coffee shop and the other two I would prefer to only offer two sizes of beverage versus three sizes. All three business have been around for a while. The Country Store has been in business since 2003,
Sip n’ Stitch Opportunity Analysis Plan 6 Starbucks since 1971, and Dunkin Donuts since 1950, so all three business are well established in their market. Some potential suppliers for our craft store would be Lowes to purchase wood and other needed hardware, A.C. Moore and Michaels to purchase yarn, paint and other personal crafting materials. I use A.C.Moore and Michaels to shop for certain supplies to create my items prior to selling. Their customer ratings are good because they are well established chain department stores across America. Assessment of the Entrepreneur and the Team. My team will consist of my father and my boyfriend cutting out our wood home décor items. My mother will be helping paint and crochet items. My two brothers to help stock the store. For the coffee shop we would have our family friends in home bakery be our baked goods provider. As for employees I hope to have our positive, hardworking students that my father and I have taught and hopefully other family members as well like my cousins. Our team would be structured as follows; My parents and I at the top because this is a dream we’ve built together. Then my boyfriend, brothers and family friend that’s the baker at a managerial position. Team leads and sales members would be disbursed when we hire out those positions.
Sip n’ Stitch Opportunity Analysis Plan 7 References Britannica, T. E. (2019, July 30). Consumer good. Retrieved August 2, 2019, from Gaille, B. (2017, May 23). 27 Coffee Shop Industry Statistics and Trends. Retrieved from Orrigo, M. (2015, September 2). Gift Industry Trends: The Rising Demand for Handmade Goods. Retrieved from Red Barn Country Store. (2003). RedBarnCountryStore. Retrieved from Staff, E. D. (2019, May 07). Why Creativity Is the Most Important Quality You Have. Retrieved from - quality Weinswig, D. (2018, April 27). Consumer Trends Support Demand For 'Made in America,' But Will Shoppers Pay Up? Retrieved from - demand-for-made-in-america-but-will-shoppers-pay-up/#73bfd9f65cf1
- Summer '16
- Red Barn Country Store