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Main points: Page 1

1.Business Idea Title


2.Problem Statement
3.Proposed Solution
4.Target Audience
Q1:What is the title of your
business idea?
Zisk boutique
Q2:WHAT PROBLEM DOES
YOUR IDEA ADDRESS?
Numerous websites exist on the internet that provide a range of
goods and services, including clothing, shoes, sunglasses, and
more, that consumers may search and purchase online.
Additionally, certain services like online bill payment and
transit ticket booking are offered by the internet and the
consumers have more choices in the market and we make more
choices to advertised for grooming our product Beware of liars
many people today pretends that they sell luxury by adopting a
clean and chic frame.
Q3What is your innovative
solution to the problem?
We do solve this by .1 Identify Your Target Audiences
First.
.2 Work Cleverly With Photographs.
.3 Take Advantage of Social Media Platform.
.4 Advertise Through 'Sales Days'
.5 Showcase Your Vintage Clothing With Gorgeous
Models.
.6 Go For Personal Branding in Advertising.
Q4:Who is your target audience or customer
segment?
• Starting a vintage boutique
can be very exciting and
lucrative if you follow the
necessary procedures. For
some, a full-time storefront
with added vintage, retro, and
mid-century modern items
might fit the bill, while for
others, an internet-only
business might be the perfect
niche.
.And the main audience will be adults,old mans and women's.
• And to attract more customer we will provide sales,offers, do more
advertisement,etc.
1.Unique Selling
Proposition (USP) PAGE 2
2.Market Analysis
3.Market Size
4.Competitor Analysis
Main
5.Customer Demand points
Q1:What sets your idea
apart from competitors?
Vintage shops offer rare, specifically
curated items. Sometimes these
pieces are by well-known, some high-
end (Gucci, Westwood) some less-so
(Tommy Hilfiger and Levi's) from a
business standpoint, brands are
especially important to a vintage
shop’s repertoire. Vintage clothing
heralds from a specific past era and
style, which you can simply no longer
find in stores today-it is not being
manufactured anymore.
Q2:Market Analysis
Analyze your target costumers,
competition, and industry trends.
Discuss what sets you apart and
your competitive advantage.
Show how you’ve identified a
strong costumer base and that
there’s an opportunity in the
market. Provide data from
industry reports and your own
market reports.
market size and growth
potential?
In the recent years till 2022, the global
market value of second hand and resale
apparel was estimated to be worth 177
billion U.S. dollars. This value is
projected to rise rapidly in the coming
years, almost doubling in size from 2022
to 2027, reaching a value of 351 billion
dollars.
Q4:Who are your main
competitors, and what are their
strengths and weaknesses?
.The main competitor of a vintage boutique are
the modern market clothing brands nowadays.
It is because people would rather buy new and
trendy fashion designs rather then the designs
which were created at least 25 years ago.
Vintage doesn’t go in the correct sense of
“used” or “worn out” but people nowadays
would look forward to expensive clothing
brands and designs but for the people who
can’t afford expensive clothing, according to my
perspective, vintage clothing might be the best
choice for them.
Q5:What is the demand for
your product/service?
The demand for the products and services of a
sole trader depends on the quality and quantity
of the product. If the products are good in
quality and large in quantity and in a
reasonable price, demand will certainly rise
whereas, if there is poor production and low
quality, demand will definitely fall. A sole
trader keeps all of the company’s profit after
tax has been on them, rather than to share
profits with a partner or shareholders.
PAGE 3 MAIN POINTS
1.Customer Demand
2.Revenue Model
3.Pricing Strategy
4.Revenue Streams
5.Implementation Plan
Q1:What is the demand for
your product/service?
Sales of high-end vintage attire and accessories
are soaring-both in volume and price-and a
handful of small businesses are taking advantage
of market forces that are making what was old
again. Most people agree that vintage clothing is
at least 20 years old. However, some people
believe that only items from certain decades,
usually the 1920s to the 1950s, can be considered
vintage.
Q2:Revenue Model
Typically, vintage stores aim for a gross margin of around
50% to 70% on their products. This means that for every
dollar spent on acquiring vintage items, the store expects to
make a profit of 50 to 70 cents.
Q3:How will you price your
product/service?

Rather than subjectively, price your vintage merchandise


based on what you like alone, I believe that determining the
most accurate price guide for selling vintage clothing
depends on objectives evaluation of 7 key variables involving
the garment’s era, purchase cost, trend, quality, availability,
designer, and season of clothes.
Q4:What are the different
ways your business will
generate income?
Sell your items: Once you’ve acquired
your items, It’s time to sell them. You
can sell your items online through
websites like EBay or Easy, or you can
set up your own website to sell your
items directly to costumers. Consider
also selling your items through
consignment shops, antique malls or
at antique shows.
Q5:Implementation Plan
You need to identify your target audience first, and work cleverly with
photographs. It’s always useful to take advantage of social media
platforms and advertise through “sales days” and it’s better to go for
personal branding in advertising.
Q6:What is the timeline for key milestones in your
plan? When are you planning to execute the idea?
• The term "vintage year"
refers to the milestone
year in which the first
influx of investment,
capital is delivered to a
project or company.
Implement the practice of
documenting your ideas,
break down each feasible
idea into smaller steps, be
deliberate with your action
step titles.
Page 4
Main points
 Resources Required
Marketing and Sales
Strategy
Financial Projections
 Startup Costs
Revenue Projections
Funding Requirements
Q1:What resources (human and financial)
are needed?
• Sole proprietorship suffers from limited
financial resources. Financial resources of a sole
trader are limited to his/her personal savings
and borrowing from banks and relatives.. Lack
of resources is one of the reasons behind limited
size and small scale of this business , for
example, whether it’s through consignment,
auctions, and estate sales, thirsting, or
donations, vintage store owners have various
options to stock their store with unique one-of
a-pieces, even with lack of resources.
Q2:What is your approach to marketing and
sales? How you will promote your product?
• Plan your ‘go to market’ strategy, As a
sole trader, or new small business
owner you’ll be short on one very
valuable business commodity, which is
time. So, knowing how you will
perform your sales and marketing
activities is key. If you are going to use
referrals, have a plan on how you will
actively ask for them. Manage your
finances, embrace social media foe
business, and reflect in order to
promote Soletradership.
Q3:Financial Projections.
• Financial projections are documents that financial managers create to
forecast the future income and expenses of a company. The sole trader
financial statements are the balance sheet, the income statement,
statement of change in owner’s equity, and the statement of cash flows.
Financial statements in a vintage boutique provide projections for the next
3-5 years. Your projections show that your idea is financially viable and
will generate substantial profits.
Q4:What are the initial expenses required to launch the
business?(must be based on actual estimates)

• The primary statements


prepared for a sole
proprietorship are the
income statement and
the balance sheet. Two
other statements, the
statements of changes
in owner’s equity and
the statement of cash
flows are also prepared.
Q5:What are your revenue forecasts for the
first year?
• A 5-year forecast is an educated
version of your company’s
financial projection of your
company’s financial performance
over 5 years. For example, a sole
trader needs to choose a business
name, obtain a business license,
open a business bank account
and get insurance coverage in the
first year of revenue forecast.
Q6:Funding Requirements.
• Sole trader’s can use
asset finance to cover
the cost of the
machinery or
equipment, get a
capital injection with
a merchant cash
advance or open up a
revolving credit
facility.
Page 5 Main points
• Initial Funding
• Funding Sources
• Risks
• Identified Risks
• Team Expertise
• Team's Relevant
• Expertise
Q1:How much capital do you
need to start the business?

• For a
vintage
clothing
business,
you can
expect t
spend $2 to
$2,209 with
an average
cost of
$13,936.
Q2:Where do you plan to obtain the
required funding?
• By borrowing
from a friend,
loans from
traditional
banks,
government
funding
opportunities,
and personal
investment or
savings.
Q3:Risks
• These risks may include supply chain disruptions, market volatility,
quality control issues, environmental regulations, and safety
hazards.
Q4:What are potential risks or challenges, if
any?
• Buying poor
quality
products,
putting up a
“vintage
specialist” sign
and making big
margins behind
it is within
everyone’s
reach.
Q5:Team Expertise
• A management
team business
plan is a section
of a proposal
that indicates
the credential
and expertise
of a team of
managers in a
company.
Q6:What relevant skills and experiences do
team members bring?
• Communicatio
n, teamwork,
collaboration,
leadership,
management,
active
listening,
problem
solving,
creativity, time
management.
How to motivate your
customer's?
By using the idea of sale of promotion
.Providing free coupons
.After sales service
.Price reductions

.Product placement
How to raise customer's
awareness?
Promote cloths by using social media such as
.Television ads
.Magazines
. By using E commerce
.national newspaper

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