My Business Plan: My Business Plan: SewingSewing

My name:My name:

Ying ThaoYing Thao

Type of businessType of business

I will make a small I will make a small sewing business.sewing business.

In the Hmong Village.In the Hmong Village.

Product or ServiceProduct or Service

I will sell Hmong clothes for adults.I will sell Hmong clothes for adults.

Hours of OperationHours of Operation

Open every day 7 Open every day 7 day a week.day a week.

Mon to Fri Mon to Fri 1:00p.m.to 8:00 1:00p.m.to 8:00 p.m. sat to sun p.m. sat to sun 1o:00 a.m to 8:00 1o:00 a.m to 8:00 p.m.p.m.

Why this business?Why this business?

I like this business because a lot of I like this business because a lot of Hmong people come Hmong Village.Hmong people come Hmong Village.

LocationLocation

Where: The location will be in St. Paul. Where: The location will be in St. Paul. Own/Lease: I will lease.Own/Lease: I will lease.

Description: One store in Hmong Description: One store in Hmong Village.Village.

Neighborhood: I want to be in the Neighborhood: I want to be in the Hmong Village.Hmong Village.

Why this location: Because it near my Why this location: Because it near my home.home.

The IndustryThe Industry

Description: I am retail.Description: I am retail.

Future projections: salespeople Future projections: salespeople percent growth 7.1% averagepercent growth 7.1% average

The MarketThe Market

Customers: I think Customers: I think Hmong women will Hmong women will use my business.use my business.

CompetitionCompetition

What/Who: No one What/Who: No one has the same has the same products as me.products as me.

StrategiesStrategies

Why customers will choose my Why customers will choose my business:business:

Because , I have good price or know Because , I have good price or know how to talk with them.how to talk with them.

AdvertisingAdvertising

How customers will How customers will learn about my learn about my business: People business: People will learn about my will learn about my business from me business from me or my family.or my family.

ManagementManagement

Manager: I will manager.Manager: I will manager.Experience: I have 15 years Experience: I have 15 years

experience.experience.

Responsibilities: The manager will Responsibilities: The manager will be in charge of planning, training, be in charge of planning, training, buying, money.buying, money.

PersonnelPersonnel

Number of employees: oNumber of employees: o

Search: NASearch: NA

FinancialsFinancials

Needs: I need Needs: I need $4,000 for rent. I $4,000 for rent. I need $15,000 for need $15,000 for supplies.supplies.

Fund sources: I Fund sources: I have $15,000 in have $15,000 in my saving. my saving.

The EndThe End