Small Business
Taking a small clothing store to the online world is a bold proposition. There are a few strengths that this store can draw upon to help it succeed. The first is the name recognition of the Jersey Shore -- people actually know where it is now and that will help the store by putting it into some context. (We will assume that the context is good, at least for our target market). Another strength is that rent in the area is relatively low, compared with larger urban centers along the Atlantic Seaboard. This means that the store has room to expand once sales exceed the capacity of the existing premises. That said, there are a few weaknesses. The store is small, and therefore has no brand name of its own. For people to buy from the store, they must first reach the website and that will not happen without an upgrade in the brand's profile. Another weakness that needs to be addressed is that the store has no experience in online retailing. Online retailing is highly competitive and the industry leaders have tremendous experience and technological expertise, things that our small store lacks.
However the Internet is rich with opportunities. Chief among them is the ability to access the global market from a single location. This has long been the chief draw of small business to the Internet, and for good reason. We live in a world where you can buy T-shirts from designers in Beijing to go with the shoes you ordered from Italy. The sky is the limit for any retailer that is able to develop a successful strategy online. Furthermore, the Internet is a low-cost means of expanding one's reach, compared with opening additional outlets (Martin, 2011). Another golden opportunity is that the store can sell through other online retailers. Amazon, for example, has an online retailer partnership program that can help drive sales to our store for a cut of the revenue (No author, 2011).
There are a number of threats, however. As with any business, the competition is a threat. One of the tradeoffs you have to accept doing business...
As a small location, the price per feet steadily the same at $45.00, our costs can go down. We don't really need an extravagant space in the first year of operations. 4) Extensive travel will be required during the first year in order to setup the connections in Brazil and establish the suppliers, as well as the designers with whom the company will be working. 5) the Internet will be required
Security -- Hip Trends Clothing Store Security Plan Part a -- Overall Description -Business Divided into three areas: Parking Lot, Main Store, Storage and Receiving: Parking Lot Approximately 50 car limit Security Lighting, automatically timed for Dusk -- guarantees that the lot is never dark for clients or employees. Main Entrance -- two security cameras continually sweeping parking lot; allows for monitoring of potential criminal activity. Bullet-proof glass infused with titanium threads for window security; inability
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Businesses, like everything else in this world, is affected by the way the economy turns. During good economic trends, businesses seem to boom, and every one seems happy and satisfied with their circumstances. On the other hand, once the economy goes south, some businesses start to head south as well. Financial burden starts to overtake what once held peace (Justiniano & Preston, 2006). But not all companies will suffer during
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2% of the population is younger than 14; 58.2% is aged between 15 and 64 and 3.6% is over the age of 65. This affect Giam's in a positive way as most of the population is properly aged to work The median age of the population is 20.2 years, with 19.9 years for men and 20.4 years for women The birth rate is of 29.85 births per 1000 individuals The death rate is
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