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Fashion CompanionFashion Companion
Natalie PetersonNatalie Peterson
What It Does For What It Does For YouYou
• Fashion Fashion adviceadvice
• Saving timeSaving time• Stress ReliefStress Relief• ConfidenceConfidence
Mission StatementMission Statement
• At Fashion At Fashion Companion my Companion my mission is to blend mission is to blend my attributes into a my attributes into a professional shopping professional shopping service aimed at the service aimed at the consumer with the consumer with the goal of satisfying goal of satisfying their clothing desirestheir clothing desires
My QualificationsMy Qualifications• I am currently working at a I am currently working at a
clothing store and receive high clothing store and receive high satisfaction customer reviewssatisfaction customer reviews
• I like to put together colors that I like to put together colors that compliment each othercompliment each other
• I enjoy choosing and configuring I enjoy choosing and configuring outfitsoutfits
ClienteleClienteleMarket segment-Market segment- women all women all
ages seeking outfit suggestionsages seeking outfit suggestions
Target customer-Target customer-• Women who need to Women who need to
save time save time • Women who don’t Women who don’t
like shoppinglike shopping
• Will travel the Michiana areaWill travel the Michiana area
Competitive Competitive advantageadvantage
• No hassleNo hassle• EfficiencyEfficiency• Flexibility scheduling Flexibility scheduling • One on one devotionOne on one devotion
AdvertisingAdvertising
• FlyersFlyers• Word of mouthWord of mouth
Philanthropy PlanPhilanthropy Plan
•The Center For The Homeless has safely housed over 44,000 men, women and children. They provide life-changing services to break the cycle of homelessness.
• 10% of my profit will go towards The Center For The Homeless
Monthly Fixed Monthly Fixed CostsCosts
Type of CostType of Cost CostCost
PhilanthropyPhilanthropy $10$10
Total fixed costsTotal fixed costs $10$10
Monthly Variable Monthly Variable CostsCosts Type Of CostType Of Cost CostCost
Gas (20 Gas (20 mi./customer)mi./customer)
$10$10
Total Variable CostsTotal Variable Costs $10$10
Economics
Definition of one unitDefinition of one unit One CustomerOne Customer
Selling price per unitSelling price per unit $25/ 2 hours; $6/ extra $25/ 2 hours; $6/ extra hourhour
GasGas $2$2
PhilanthropyPhilanthropy $2$2
Gross profit per unitGross profit per unit $21$21
Start up CostStart up Cost
• CarCar• Cell PhoneCell Phone• FlyersFlyers
Monthly Sales Monthly Sales ProjectionProjection
MonthMonth UniUnits ts soldsold
JanuaryJanuary 55
FebruaryFebruary 55
MarchMarch 88
AprilApril 55
MayMay 88
JuneJune 77
JulyJuly 55
AugustAugust 88
SeptembSeptemberer
55
OctoberOctober 55
NovembeNovemberr
88
DecembeDecemberr
88
TOTALTOTAL 7777 0 2 4 6 8
December
October
August
June
April
February
Projected Yearly Projected Yearly Income StatementIncome Statement
Selling Price Per UnitSelling Price Per Unit $25 , $25 , $6/extra hour$6/extra hour
Number Of Units SoldNumber Of Units Sold 7777
Total SalesTotal Sales $1,925$1,925
Fixed CostsFixed Costs $190$190
Variable CostsVariable Costs $120$120
Profit Before TaxesProfit Before Taxes $1,615$1,615
Taxes estimated 10%Taxes estimated 10% $161.5$161.5
Net ProfitNet Profit $1,453.5$1,453.5
My Money My Money ManagementManagement
• Business checking Business checking accountaccount
• Cash or checkCash or check
PropertyProperty
• A trademark costs $150
Business GoalsBusiness Goals
Short term:Short term: I would like to meet I would like to meet and keep regular customers and and keep regular customers and satisfy their needs for their satisfy their needs for their wardrobewardrobe
Long termLong term: Move my business to a : Move my business to a larger city so I can increase my larger city so I can increase my services and accommodate menservices and accommodate men
Educational GoalsEducational Goals
Short term:Short term: graduate from high graduate from high school school and go to college at and go to college at IU IU BloomingtonBloomington
Long term:Long term: Study business and Study business and marketing and graduate with a marketing and graduate with a
degree in my fielddegree in my field
Here to make looking great Here to make looking great easier!easier!
Thank you for yourThank you for your consideration ofconsideration of
Fashion CompanionFashion Companion