Kiowa Smoke Shops

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Tobacco Retail Business Plan

Management Summary

Management of Kiowa is accomplished by Fernando and Elizabeth Renaldo and our two full-time store managers. During an average day of operation, each store requires only one individual per store. In the past, accounting, billing, inventory, and all other bookkeeping was done by the Renaldos. However, management realizes that this has been one of the company's biggest weaknesses and has lead to inefficiencies, prolonged collection periods, and overall loss of profits. In order to solve this problem, Kiowa has begun to outsource much of these tasks to a professional bookkeeping firm.

7.1 Personnel Plan

The personnel plan is included in the following table. It shows the owners' combined salary followed by the two additional store managers' salaries for our other facilities. In addition we have two part-time employees who shift their schedules between various stores. It should be further noted that there is a profit sharing program between all the full-time employees so that effort is rewarded.

Once our website becomes fully operational, we expect to have one of our part-time employees shift to full-time.

Personnel Plan
FY 2004 FY 2005 FY 2006
Mr. and Mrs Renaldo $60,000 $60,000 $60,000
Store manager $28,000 $28,000 $28,000
Store manager $28,000 $28,000 $28,000
Part-time store employee $7,200 $14,400 $14,400
Part-time store employee $7,200 $7,200 $7,200
Total People 5 5 5
Total Payroll $130,400 $137,600 $137,600