We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Starting Your Own Business - Essay Example

Comments (0) Cite this document
Starting Your Own Business Executive Summary The business plan of providing urban casual wears for men and women with specialization in fashionable garments is an effective opportunity to attain growth along with sustainability among the leading clothing retailers in the New York market…
Download full paperFile format: .doc, available for editing
Polish This Essay97.4% of users find it useful
Starting Your Own Business
Read TextPreview

Extract of sample
"Starting Your Own Business"

Download file to see previous pages The overall starting cost of the business will be USD 45000 and the estimated sales have been forecasted to be around USD 15000 yearly from the starting year. The opportunity can be availed to open a clothing retail store within the New York market due to the uprising flow of the youth desires for urban clothing and apparels along with the fewer existing competitors’ presence. The store will be highly focused on the urban high fashion merchandise and provide the youth with exclusive clothing they generally prefer to purchase from other cities. Proposal Section In the present global context of business scenario, retail merchandising is one of the most efficient and lucrative options for starting a new business initiative. The retail clothing store is considered as one of the highest earning or revenue generating business segments in the US market. The competitive scenario of the US market entails an immense growth opportunity for the apparel sector which is identified to be worth in excess of USD 20000 million according to the present growth ratio in the retail clothing business. Hence, clothing retail business is an attractive option to establish business venture in the competitive US market. From the perspective of present day context, the earning of approximately USD 150 billion has been achieved in a year by 100,000 clothing stores across the country. Therefore, the proposed business will be to open a clothing retail store. The clothing store will entail the products for young population of the US, which will also be providing accessories and leather items for men, women and children in terms of exclusive clothing brands as compared to the other retail clothing stores. The business will be focused on high fashion urban casual wears to attract youth population of the city. The emerging growth of sales in the assortment of clothing of various brands for youth segment provides an efficient growth prospect in the clothing retail industry in the US. Therefore, proposed business venture of opening a retail store which will provide apparels will focus on the local customer desires along with providing clothing and apparels for both adult and youth. The expected start-up cost of the clothing retail store has been reviewed to be around USD 45000 including cost of various apparatus and amenities (Boston Rags Clothing Store, n.d.). Rationale for the Proposal The business plan of starting a retail clothing store in one of the major cities of the US is due to the increasing growth on the retail clothing industry along with the increasing demands of the recent trends among the population in the country. The recently collected earnings by the clothing retail had been more than USD 45000 million for the month of March 2012 which has been mentioned by the United States Census Bureau. Therefore, the clothing retail store can be one of the prosperous segments which can provide an efficient opportunity to generate an intensive growth in a shorter period of time (United States Census Bureau, 2012). At the outset, opening up of any business requires a substantial amount of demand for the products that are to be provided. A constant follow of demand can ensure sustainability for a new business venture in the long run. From the findings, it can be observed that the clothing retail sector is quite prospering and consumers’ demand is generally constant and quite high if a company is providing them with varied assortment at one place. Therefore, the idea of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Starting Your Own Business Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Starting Your Own Business Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/management/1452015-starting-your-own-business
(Starting Your Own Business Essay Example | Topics and Well Written Essays - 1750 Words)
Starting Your Own Business Essay Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/management/1452015-starting-your-own-business.
“Starting Your Own Business Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1452015-starting-your-own-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Oligopoly nature of grocery stores in UK
There are numerous stores in the UK estimated to be about 41,000 convenient stores. Majority of these are independent hence dominate UK grocery and food retailing. Due to the strategies applied by the LGRs like having large stores hence a wide range of products and relatively low prices.
3 Pages(750 words)Essay
Business Plan
Decide what kind of business you will start and begin making the necessary preparations. Finding the right business module makes it easier to be excited about your work (Jin). Most people who want to start their own business don’t have a ton of money lying around… (Armstrong).
5 Pages(1250 words)Essay
Thougt it Was Safer Than Starting His Own Business
According to Franchise Direct (2012), franchising is “a form of marketing and distribution in which the franchisor grants to an individual or company (the franchisee) the right to run a business selling a product or providing a service under the franchisor's business format and identified by the franchisor's trade mark or brand” (Franchise Direct, 2012, par. 1).
4 Pages(1000 words)Case Study
The nerve nurses need to start their own businesses
This piece will explore why this is the case and also cite the experiences of successful ventures undertaken by those people who had the same reservations and fears but eventually succeeded through determination. In the end, as one would be familiar with all success stories, they all began with the first step: they braved the odds and fears and chose and committed themselves to a career in entrepreneurship.
5 Pages(1250 words)Essay
Entrepreneurship and small business management
However, the franchise gets to gain in terms of name recognition, rapid expansion the business as well as good earnings at the end. The franchisee gains in terms of training, running of the business and promoting the products from the franchiser’s program.
5 Pages(1250 words)Essay
Business Idea Evaluation
These models are important and useful in evaluating a business idea and are far ranging in their use. However, it must be noted that although innovation is critical for business success, organizations still lack a complete and comprehensive business model to assess the viability of business ideas.
11 Pages(2750 words)Essay
Open my own business
After careful market research, there is an indication that automobile body shop can do well in the street and its neighborhood. The most encouraging this for this business is the specialization it
6 Pages(1500 words)Essay
Marketing communication
20). Viejas Outlet Centre primarily looks at designing and creating profile of its customers including both young children and money spenders, with relevant information like customers’
2 Pages(500 words)Essay
Write a letter to your first-year roommate at Babson. Tell him or her what it will be like to live with you, why you chose Babson, and what you are looking forward to the most in college
Well, to be completely honest, there are some ways I will be an extremely easy person to live with, and some ways I might be a bit more difficult to put up with. One of the reasons that I will be easy to
2 Pages(500 words)Essay
Let us find you another Essay on topic Starting Your Own Business for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us