Financial Action Plan

Your business idea: LOTTOSHOP Skin Care & Beauty Project members: 2

Action Steps Responsibilities Timeline Resources Possible Expenses & Expected Results
What Will Be Who Will Do It? By When? A. Resources Available (Explain)
Done? (Day/Month) B. Resources Needed (financial,
human, political & other)

Step 1: Customer Service By A. A local contact where we $ 230 = Half-time salary for an To improve our customer
Train our vendor Dept. September, could get a discount from. employee. service standards
on Customer 2021
Service standards B. Have a vendor. $30 = Customer service
etiquette course.

Step 2: Marketing By August, A. Our brand’s logo and color $60 = Stickers, personalized To share a consistent image
Improve the Department 2021 palette. bags and boxes. for our costumer’s better
brand’s identity familiarize with us and easily
$ 200 = Creative Manager who identify our brand among
C. Personalized packaging, improves our brand’s social others.
brand’s stickers, Creative media presence, logo, color
Manager. palette and overall design.

Step 3: Customer Service By A. - $80 = Total cost of To decrease expenses on

Decrease Dept. November, transportation per month transportation
transportation 2021
expenses B. Have a contract with a
transportation company before a
private service.

Step 4: CEO By December, A. Some local contacts who are $500 = Salary for a Sales To better manage our sales
Partner with 2021 already working with us. Director area.
some national &
international
brands B. A Sales Director.

Step 5: CEO By January, A. Multi-brands that support our $500 on store remodelation To offer innovative options
Ask for a bank 2022 rent expenses. and adequation of new spaces. to our clients covering the
loan to expand needs they are asking for
our store
B. More space to locate our
products and innovate on
offering new services attached to
our shop´s criteria.
$2000 on adequating areas for
hairdressing & makeup
services.