My business, Willow and Charlie is redirecting and reshaping into a beauty lifestyle business. Instead of only offering beauty products we will also branch into a unique beauty service at the click of a button. We need help to write up a new business model or plan. It will not need to be extensive, just keeping it as short as possible and straight to the point. We want basic. The following points will need to be addressed:
Describe your business –
Explain your idea –
Product/Service – List why your product or service is unique.
Valuation – Who will buy your product/service and what price will they be willing to pay? It’s important here to only define the value of your product in the current market, not why it’s better than your competitors. How many products or services do you think you’ll sell in a month, a quarter, a year
Financial Analysis – Based on the valuation in step 6, how much will you need to invest to obtain products or provide services? You can utilise a simple cash flow forecast. A free template can also be found in our Media Gallery. Once completed, this should give you an idea of revenues, cost of sales, expenses, and start-up capital needed.
Marketing Plan – How will you bring in customers
Competition – List your competitors--your similarities and differences.
Risks – What stumbling blocks or risks do you see? Are they financial, the competition?
Funding/Use of Funds – Clearly state how much you need in total to start your business and list where each dollar will go and for what expense or startup item.