How to Create a Business Plan for a Candy Store in Indiana
- 1). Go to your the Indiana Small Business Association office or visit its website to find links to downloadable business plan templates. This template will guide you through the design of a thorough business plan for your candy store. You may find templates that are retail focused or food-related as a great starting place. If the Indianapolis SBA location is inconvenient, you also can call the office at 317-226-7272 for assistance. The Indiana Small Business Development Center also provides free resources to help in writing a business plan.
- 2). Include business objectives and goals in your business plan. Be specific about the scope of your services, such as where you plan to open your candy store, the size of your store and what you plan to sell and provide to customers. Ensure that your business description clearly states the intent of your business and does not contain jargon or technical language.
- 3). Complete comparative research on other candy stores in Indiana, especially in the area where you plan to open your store. Note their pricing, location and product offerings. In the business plan, document how you plan to stand out in the market, and include a market analysis in your business plan that includes how you plan to market your business, defining your target population and competitor information.
- 4). Contact vendors to determine costs for products and setup of your retail space. Meet with commercial realtors to view vacant space and gauge rental costs. Complete a financial section of your business plan, including product costs and pricing, administrative costs, forecasting and profitability assumptions, net worth, and projected cash flow. Include a timeline for the next one to five years for your financial situation and repayment of loans in your business plan.
- 5). Write a complete marketing plan for your candy store. Document how you will advertise your store, including print, social networking and other media campaigns. Include ideas for specials and sales to attract attention and generate revenue. For instance, you can hold an Easter candy sale of chocolates and jelly beans the weeks before Easter.
Source...