Business Plan for a Comic Shop ~
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I am currently write a Business Plan for a Comic shop in Sg selling and rental of Chinese Comics only.
Can anyone gives me some idea and essential things i need to know ? -
Hmmm, I believe some things you must consider are:
1. Location
2. Customer demographic (age, gender, etc)
3. Finance (e.g. bank loan, rental, expenses, etc)
4. Legal issues (e.g. rental of premises, etc)
5. Layout of the store (fixtures, shelves, etc)
6. Prices of comics
7. Balance sheet and profit-loss statement to determine when you will breakeven, and to assess whether the venture will be viable. -
Comics in Sg quite ex, especially the taiwan version. And, most ppl prefer the taiwan version to the Sg version. If there is some way u can lower the price of taiwan version, u can win all the other comics shop.
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Estimated demand, and costing of the shop. From there you can see your revenues and profit. You also have to gauge how many copies per day to reach BE. Do sensitivity analysis to see how much variation in revenue/cost will affect your business.
Have to see growth potential and evaluate the location of the store. Also, prepare an option chart with different contingency plans depending on success/failure. Also initiate milestone plan to show what constitutes failure/success, and have your option chart to follow on the milestones planned.
Importantly, think towards growth. How to brand your shop. Or how to provide a value proposition that only your store can offer. As your kind of business has no true barrier to entry, you have to increase the value of your store through some form of differentiation or play on people's perception.
I have little experience with this kind of store, but i suppose most would not make it a retail store, but more of a rental business with food/drink sideline. Also institute a rewards program or package rental/purchase deal to ensure repeat customers.
Importantly is your staff. They are your frontline. You have to tie their salary to performance. Everyone give blackface or poor service, no one would want to go to your store. This implies a certain level of HR control. You also have to determine how large your organisation wants to grow. -
All these are in my Plan too ~ care to elaborate them ?Originally posted by ^spidee^:Hmmm, I believe some things you must consider are:
1. Location
2. Customer demographic (age, gender, etc)
3. Finance (e.g. bank loan, rental, expenses, etc)
4. Legal issues (e.g. rental of premises, etc)
5. Layout of the store (fixtures, shelves, etc)
6. Prices of comics
7. Balance sheet and profit-loss statement to determine when you will breakeven, and to assess whether the venture will be viable. -
I am thinking of that too. But no lobang to get direct books from taiwan ~Originally posted by NUS_Superst@r:Comics in Sg quite ex, especially the taiwan version. And, most ppl prefer the taiwan version to the Sg version. If there is some way u can lower the price of taiwan version, u can win all the other comics shop. -
This is great view, about your first point i have calculated and estimated everything, but i don't quite understand your chart view.Originally posted by pwnz0r:Estimated demand, and costing of the shop. From there you can see your revenues and profit. You also have to gauge how many copies per day to reach BE. Do sensitivity analysis to see how much variation in revenue/cost will affect your business.
Have to see growth potential and evaluate the location of the store. Also, prepare an option chart with different contingency plans depending on success/failure. Also initiate milestone plan to show what constitutes failure/success, and have your option chart to follow on the milestones planned.
Importantly, think towards growth. How to brand your shop. Or how to provide a value proposition that only your store can offer. As your kind of business has no true barrier to entry, you have to increase the value of your store through some form of differentiation or play on people's perception.
I have little experience with this kind of store, but i suppose most would not make it a retail store, but more of a rental business with food/drink sideline. Also institute a rewards program or package rental/purchase deal to ensure repeat customers.
Importantly is your staff. They are your frontline. You have to tie their salary to performance. Everyone give blackface or poor service, no one would want to go to your store. This implies a certain level of HR control. You also have to determine how large your organisation wants to grow.
The shop i am think will include drinks and snack too.
About staff i think i won't hire first as its just a small business.
I am trying to calculate my monthly revenue and breakevent ~ -
hey i think u shld also think of how u're going to mrkt ur store.
wats ur selling pt, how to attract consumers n wat forms of approach n tactics u shld use to achieve ur sales target........ -
4get e idea...
Tenchi and Comics Connection have eaten up the whole market -
Their comics not say cheap. As long you can beat them in prices, there still market.Originally posted by Seifer28:4get e idea...
Tenchi and Comics Connection have eaten up the whole market -
find one whereby other shops biz complement ur biz eg. food and drink stall next to yours that also provide tables and chairs for their food biz.
2 cents worth.
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Yup, thats inclusive in my Marketing and Promotion section in my Plan ~Originally posted by blood_red:hey i think u shld also think of how u're going to mrkt ur store.
wats ur selling pt, how to attract consumers n wat forms of approach n tactics u shld use to achieve ur sales target........ -
Ya i don't think so too. Just like NTUC fair price, also have cold storage, shop & save and other small shop ma ~ How can you say tenchi have eaten all the market ~Originally posted by Seifer28:4get e idea...
Tenchi and Comics Connection have eaten up the whole market -
But i think eating and comic cannot mix ~ the most is snack only. Because the book might get dirty ~Originally posted by LinYu:find one whereby other shops biz complement ur biz eg. food and drink stall next to yours that also provide tables and chairs for their food biz.
2 cents worth. -
i like S'pore version more leh, cheaper and not bad quality also. just that taiwan imported got more titles to choose from.Originally posted by NUS_Superst@r:Comics in Sg quite ex, especially the taiwan version. And, most ppl prefer the taiwan version to the Sg version. If there is some way u can lower the price of taiwan version, u can win all the other comics shop.
but if got both version, confirm go for local printed ones. -
Yeah local books is more affordable for most people, since some only want to read and not collect so the version will not be so important.Originally posted by UandMe:i like S'pore version more leh, cheaper and not bad quality also. just that taiwan imported got more titles to choose from.
but if got both version, confirm go for local printed ones.
For collector wise they will prefer taiwan books, cause the pages will not turn yellow. -
Don't forget the censorship issue too.Originally posted by LegacyMan:I am thinking of that too. But no lobang to get direct books from taiwan ~ -
Whats this issue about ?Originally posted by Herzog_Zwei:Don't forget the censorship issue too. -
Do you have a sustainable competitive advantage?
An advantage that can't be easily copied by other competitors? If not, there's really no point in starting this business.
Competing by being a low cost player for a beginner entrepreneur is an uphill task. Those already in business can easily lower their cost to drive you out.
So the question is still, do you have a sustainable competitive advantage? -
I gues we could have some unquie service that only our shop provides ~
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If really have should be call Man Hua Mei lo ~
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come on...
Tenchi is selling Naruto Taiwan Version @ $5.....
which is like....SAME as s'pore version....
how to outbeat them???if u minimise profits...the time that u'll see ur shop have a positive turnover will take a freaking long time....
tats why they actually turn to VCDs...DVDs and even selling Gaming Machines to generate more revenues....
but if u still gonna give it a shot...good luck.... -
fengshui also..
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For your info, they are only selling those title that CY has publisher at $5.Originally posted by Seifer28:come on...
Tenchi is selling Naruto Taiwan Version @ $5.....
which is like....SAME as s'pore version....
how to outbeat them???if u minimise profits...the time that u'll see ur shop have a positive turnover will take a freaking long time....
tats why they actually turn to VCDs...DVDs and even selling Gaming Machines to generate more revenues....
but if u still gonna give it a shot...good luck....
Which means the rest is still quite ex. Anyway in business i don't think of beating any competitor, cos its a waste of time, effort and $$.
I just need to come up with my own unqiue service or something to develop my own customer base
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hmm... should i post some comic websites here to spoil your plan?
