I am starting an online beauty supply store. I only want to sell hair extensions, wigs and wig care products. I am lost on finding the information for the marketing and financial section of the business plan. I'm not sure where to look for the information to include here please help. Thanks!!!
According to me online marketing is best option to promote your business. If you don’t know how to attract your costumer towards your business services then online marketing and advertisement of business is necessary. Generally people browse their internet for their any queries so if you present your business with great deal then definitely costumer will come on your website.
Figure out the marketing strategies you need to use in order to promote your online business. You need to be familiar with online marketing if you want to improve your online visibility.
Financial section is anything that involves finances. You have to indicate how you will be financing your new business venture as well. You also need to show projected cost, projected income/losses, balance sheet and cash flows. Marketing expenses will be presented too.
Although start up businesses do not have any historical financial data, you can research your existing competitors' financial statements and operating data. Then you can use this as a guide to prepare your own financials.
---Jimmy Akanbi,MBA| BOA Financial Consulting http://www.theboaconsulting.com/start-ups email@example.com| Business Plan Financials| Start Up Company Valuations