Professional Documents
Culture Documents
Business Plan
11th February 2021
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Legal Page
Confidentiality Agreement
___________________ Signature
___________________ Date
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TABLE OF CONTENTS
1.0 EXECUTIVE SUMMARY................................................................................................5
1.1 Business Name and Location....................................................................................5
1.2 Purpose of the Plan..................................................................................................6
1.3 Our core values.........................................................................................................6
1.4 Key Factors to Success.............................................................................................6
1.5 goal and objectives...................................................................................................8
1.6 Opportunity...............................................................Error! Bookmark not defined.
1.7 Growth.......................................................................Error! Bookmark not defined.
2.0 business Overview....................................................................................................10
2.1 Mission statement...................................................................................................10
2.2 vision statement.....................................................................................................10
2.3 industry background.................................................Error! Bookmark not defined.
2.4 Legal Status............................................................................................................10
2.2 The Management....................................................................................................10
3.0 Products and Services................................................................................................11
4.0 MARKET ANALYSIS SUMMARY................................................................................12
4.1 Industrial Analysis....................................................................................................12
4.2 Market Trends.........................................................................................................12
4.3 Target Market Description.....................................................................................13
5.0 STRATEGY AND IMPLEMENTATION SUMMARY......................................................13
5.1 positioning STRATEGy.............................................................................................14
5.2 payment strategies.................................................................................................14
5.3 Marketing STRATEGIES..........................................................................................14
5.4 Marketing GOALS...................................................................................................15
5.5 Marketing Plan........................................................................................................15
6.0 SWOT Analysis...........................................................................................................17
Strengths...................................................................................................................... 17
Weaknesses..................................................................................................................17
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Opportunities...............................................................................................................18
Threats.......................................................................................................................... 18
7.0contingency plan........................................................................................................19
7.1 RISK factors.............................................................................................................19
7.2 course of action......................................................................................................20
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EXECUTIVE SUMMARY
A Plus by Angelina is going to be a retail men’s, women’s and children’s clothing store
that deals in unique clothing from all parts of the world. The business will be
specializing in casual urban wear that is traditionally wore by people. It is going to be
located in a growing community of Grenada. The store will have wide range of
products including tops, bottoms, dresses, skirts and other accessories like
sunglasses, belts, handbags and shoes that will serve both youth and adults. We
intend to offer our community with unique fashionable clothing at an affordable price
that is normally hard to acquire either due to unavailability or high prices.
The Grenada based clothing store has a team of professional craftsmen specialized in
the production of unique clothing – personal collection of Polo, Shorts and Loafers.
Founded in 2018, each collection is designed and manufactured in England utilizing
the highest quality of design and fashion.
our business policies and following the law of countries where we are operation
approaching. We will respect all the customers who are visiting to us and we will
TEAM WORK: We will encourage and reward our staff. We motivate our staff to
QUALITY: JOSEPH AND ALEXANDER will strive for professional excellent to the
highest standards possible consistent with goals of our business. JOSEPH AND
ALEXANDER will also strive to create new design and follow fashion trends.
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ATTITUDE: We will be positive, enthusiastic and have a vibrant spirit towards our
customers.
LEADERSHIP: We will lead by example. Our actions will speak louder than words.
We will offer the new trends and fashions for our valuable customers.
by creating the original and unique design where customers always love to visit.
The best products and the best rates – our craftsmanship will remain unique and
Offering the quality services to the customers by delivering the unique design.
customers.
Achieving the weekly, monthly, quarterly and semiannually and yearly sales
target.
The friendly team of professionals with good knowledge of the business and
The fine and strong reputation we have built over the year.
Executing sales and marketing plan which will build customer awareness,
2.2VISION STATEMENT
A Plus by Angelina’s vision is to be a market leader by delivering the high-quality
children clothes.
resumes but vision, and commitment that lead to success. A Plus by Angelina will be
led by Mr. ___________. He envisioned and created the business based on his passion
for the industry and our desired need to have more control over his future. My goal
needed services and creating an environment that not only expects hard work and
dedication from staff but also believes and practices work-life balance.
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PRODUCTS AND SERVICES
We offer the range of services for the children that includes the shorts, Polo, Loafers.
Shorts - $65 – 75 US
Polo - $32 – 38 US
Loafers - $69 – 75US
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4.0 MARKET ANALYSIS SUMMARY
Nike, which name is derived from the Greek goddess of victory, is the largest apparel
company in the world and is headquartered in Beaverton, Oregon. The U.S. apparel
market is always changing, attempting to adapt to customer trends and new
technology that will allow the consumers shopping experience to be more enjoyable
and ergonomic.
Also, revenue in the “Fashion” segment amounts to over $71 million dollars in 2017
and is expected to show an annual growth rate of 8.0% CAGR from 2017-2022,
resulting in a market a market volume of $51,231 million US dollars in 2017.
Currently around 555,000 people are employed in fashion, textiles and fashion retail
in the United Kingdom. Most jobs in fashion related industries are in the retail sale of
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clothing. This sub industry employs 75 percent with 414,000 people working in the
retail sale of clothing. Also the retail sale of footwear and leather goods provides a
fair amount of jobs in fashion, about 11 percent, 59,000, employers work within this
sector. Another 8 percent, 43,000 employers, work in the wholesale of clothing and
footwear. With respectively 34,000 en 5,000 positions, 6 percent and 1 percent, the
least amount of jobs are in the manufacturing of wearing apparel and the
manufacturing of footwear.
MARKET DEMAND
Around the globe, fashion consumers are becoming more environmentally conscious.
They expect ecologically unobjectionable fabrics, a conservation-minded use of
resources, reduced emission of pollutants, greater social commitment, and fair
treatment of employees in production facilities. In many countries, legislators are
requiring companies to create more sustainable products, such as by prohibiting
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certain harmful dyestuffs. Yet unfortunately, only the fewest customers are willing to
pay more for these greener products. One pioneer of this trend is Stella McCartney,
who forgoes using leather in her shoes and handbags. A clear commitment to
sustainability is also considered good style in the industry, with online fashion
retailers like Yoox now providing sustainability reports.
This has vast implications for apparel companies across the whole value chain. Core
functions need to be adapted to make and market more sustainable products.
Environmentally-friendly products require the right commodities like organic cotton,
which is in scarce supply, or a complete overhaul of the manufacturing processes to
reduce the huge amount of water typically used for apparel. Ethical products require
appropriate working conditions and a fair share of profits across the supply chain. In
short, it entails a complete rethinking of functions and processes.
MARKET SIZE
This statistic shows the forecasted value of the children's apparel and footwear
market in the United Kingdom (UK) between 2017 and 2021, broken down by
segment. By 2021 the UK children's apparel market is expected to be worth 6.6 billion
British pounds, while the footwear market will amount to 1.7 billion pounds.
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CONSUMER SPENDING
The 35 years research shows that today, the UK leads the world. For decades the
worldwide industry leader was the US but over the past few years, we have caught
America up and are now forging ahead. There are three areas in which clothing lead
most focused: competition, innovation and online. Starting with competition,
economic barriers to entry are still probably lower in the States but I think the much
higher costs of establishing and running a retail business in Britain raises the
performance bar here. In many of our retail sectors, being good is no longer enough.
Standards are being pushed ever higher just to stand still.
Another huge online challenge is around margins. Online retail is less profitable than
its physical counterpart. As online contributes an increasing slice of your revenue, the
resultant margin erosion has to be managed. So too does the fact that you will need
far fewer stores to reach your market as your online business grows. Meanwhile, the
need to deliver orders to customers in the most timely, convenient and economic
way has spawned a number of variations of click & collect, usually involving stores.
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Returns are a huge challenge and a major source of margin erosion. Increasing
relevance and getting better at range editing are imperatives. Online is driving a
reshaping of UK retail economics.
Wholesalers
Retailers
Women
Ladies
Pregnant women
Corporate workers e.t.c
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4.3 COMPETITIVE ANALYSIS
It is a known fact that the fashion industry has a large number of players and several
known brands. Research has shown that there are three essential factors that
influence customers buying patterns and their patronage. These include; design,
status needs and financial conditions. Several strategies are used by players to attract
customers and win them over; many fashion brands compete in layered price ranges
to appeal to different consumer price points. For example, a brand sometimes ideally
offer discount line on mass-merchandisers. However, this requires a careful approach
as launching a line that conveys high value in terms of workmanship, materials and
designs at a reasonable price may not appeal to status-conscious consumers and
might gain traction among consumers with financial considerations.
Many experts point to changes in consumer attitudes as a driving force behind the
restructuring that is occurring in the retail apparel industry. Not only have consumers
become more cautious in their buying habits, but they have been reducing the
portion of disposable income that they spend on apparel. In addition, consumers are
increasingly demanding quality goods at low prices, which forces retailers to
permanently sell merchandise at "sale" prices, with promotions occurring
throughout the year. Economists and sociologists have attributed increasingly
volatile consumer demand to growing numbers of new products, the rise of fashion-
consciousness for even the lowest-cost apparel, and more selling seasons.
Joseph and Alexander will take appropriate measure and in-depth customer analysis
based on their locations, design, status needs and financial status and ensure that are
customers’ needs, budgets and tastes are met accordingly. Nevertheless, our
strategy remains high quality materials, the best set of professional staff and high
quality products at reasonable prices.
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5.0 STRATEGY AND IMPLEMENTATION SUMMARY
5.1 PAYMENT STRATEGIES
At Joseph & Alexander, our payment policy will be all inclusive because we are quite
aware that different clients would prefer different payment options as it suits them.
Here are the payment options that we will make available to our clients;
In summary, Joseph & Alexander would adopt the following strategies to promote its
brand:
Introduce our business by sending introductory letters to residence, business
owners and wholesalers
Advertise our business in community based newspapers, local, national and
international TV and radio stations
List our business on yellow pages ads
Leverage on the internet to promote our business
SEO MARKETING to increase the traffic to the online website.
Social media updates, posts, and uploads.
Blog Creation
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Blog Posts
E-mails
YouTube
Facebook
Twitter
Instagram
LinkedIn
Pinterest
Direct marketing
Increase our distribution network
Word of mouth marketing (referrals)
Install our Bill Boards on strategic locations all around we are operating
Participate in tradeshows
Occupy pages on international and national fashion publications
Position our Flexi Banners at strategic positions in the location where our
business is situated.
WORD OF MOUTH
Serving best to our customers will create word of mouth and it is the most effective
marketing strategy that attracts the consumer to bring more customers and it would
cost us zero.
FACEBOOK
Facebook is the most viral social media platform that provides much-
targeted audience to business. It provides a perfect opportunity to share and
market services and build customer base.
Facebook offers a place for all formats: texts, videos, and images, meaning that the
possibilities are infinite. In fact, Facebook is currently the social network with the
greatest diversity of actions. We will create a Facebook page of the business.
Through this, we will provide the link of our website. We will also posts contents
related to our unique business features, our products and benefits to our clients.
For better guidance of our customers, we will provide all than necessary information
about the website, its features including our business physical address, navigation to
the business website, contact details and hours of working.
Instagram
Instagram leverages businesses by providing a visual touch to them. The viral
use of Instagram is for uploading pictures to engage with your friends, family and
customers.
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Instagram is the perfect platform for capturing everyday moments. Businesses have
got behind this trend, as have the influencers who have intentionally become the
best advocates of businesses. What’s more, it’s a platform which is much utilized by
businesses who want the users themselves to create content, generating confidence
among other users.
We will use relevant hash-tag strategy to optimize our content to help our customers
find us easily. Through hash-tags, we will guide our customers to reach us by
providing directions. We will upload hash-tag contents related to our business, our
products/services and benefits to our clients.