Owners, Bensai Halstadt and Kaethe Villanova will initially manage the day-to-day operations of the boutique. Kaethe Villanova has five-years of retail and accounting experience that she has applied to the business. Both owners have also taken entrepreneurial classes through the local University SBDC (small business development center). our experience and continuous education has aided our efforts in training sales associates and managing daily operations.
Due to the area being in its beginning stages of gentrification resulting in slow business traffic, the owners have decided to initially open its doors Thursday-Saturday, 10a.m. - 7p.m. and Sunday, 10a.m. - 6p.m. They have also decided to take a minimal salary for the first year 2005, and increasing their salary each of the next two years, commenserate with their expanded operating hours. Both will continue to work to finance our business venture. Our work schedule allows us the flexibility to manage the store on the days previously mentioned. We will eventually expand our days of operation according to increased population of residential and retail establishments and increased business traffic.
The following is a structural breakdown of responsibility and decision-making:
|Bensai Halstadt||Kaethe Villanova||Bensai & Kaethe|
|Printing Services||Purchasing/Inventory Tracking||Sales/Marketing|
|Promotions/Advertising||Merchandising/Store Planning||Hiring/Employee Policies|
|Web Maintenance||Training||Customization Services|
|Proprietary Product Development|
|General Product Selection|
In addition Regali Luxuri has a professional and advisory support team.
Owners Bensai and Kaethe have decided to take a minimal salary for the first year 2005, and increasing their salary each of the next two years, commenserate with their expanded operating hours. Both will continue to work to finance our business venture. If the extended hours and volume of business warrants we may hire part-time employees for the year two holiday season, or maybe not until year three.
"I just wrote my first business plan in 24 hours using LivePlan and it's beautiful and complete."
Business planning has never been easier. With 500 complete sample plans, easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success.