Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Google+ and other platforms to promote our business. Think about your weaknesses and how to present them in a way that casts you in a positive light. We have been able to lease a warehouse facility that is big enough to fit into the kind of school supplies company that we intend launching and the facility is centrally located in the heart of town with easy delivery network. So, if you have decided to start a school supplies business, then you should ensure that you carry out thorough feasibility studies and also market survey. Another unwise move would be to resort to stock expressions or offer glib answers such as: I demand the highest standards of excellence in work and this is not always in my favour. Saying things likeI amtoo smart, or, I am too effective will inevitably signal to the admissions officers that you are not being sincere. Colleges and universities are for higher educations. Performs cash management, general ledger accounting, and financial reporting, Responsible for developing and managing financial systems and policies, Ensuring compliance with taxation legislation, Handles all financial transactions for the organization, Serves as internal auditor for the organization, Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with customers on the phone, uses every opportunity to build clients interest in the companys products and services, Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner, Consistently stays abreast of any new information on the organizations products, promotional campaigns etc. Even better is that the products sold are non-perishable. - Supply chain continuity and delivery. Unmotivated, lacking goals, working in teams, leadership, writing skills. Supervise the workforce in the warehouse floor. A five-year forecast of the market and noted trends. SWOT can also uncover areas of the business that are . The cost for insurance (general liability, workers compensation and property casualty) coverage at a total premium $2,400. Here are the payment options that Regina Trent School Supplies Company, LLC will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for our products without any stress on their part. What can you improve? We are not ignoring the fact that unfavorable government policies can also affect our business. On a percentage basis, more entrepreneurs intend to enter school supplies retailer ownership through a startup than through a business purchase. Nursing Family Nurse Practitioner (BSN-to-MSN Program) M.S. All Rights Reserved. Given the economically secure nature of these businesses, most financial institutions are willing to provide a strong degree of capital support. Once you're satisfied with your school supplies retailer's mission, the other piece of the business plan puzzle will begin to fall in place. But you shouldnt hesitate to point out the weaknesses. It is a fact that an estimated two-thirds of the United States gross domestic product (GDP) comes from retail consumption of which the School Supplies Wholesaling industry contributes greatly. The industry employs 90,000 people. The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. Regina Trent School Supplies Company, LLC is in business to retail (distribute) a wide range of school supplies from top production companies to schools in Los Angeles Unified California. Regina Trent School Supplies Company, LLC is a family business that is owned by Regina Trent and her immediate family members. We will work towards ensuring that all our goods are distributed at highly competitive prices compared to what is obtainable in the United States of America. Make a list of weakness/failure responses so you don't have to come up with answers off the cuff. Manage vendor relations, market visits, and the ongoing education and development of the organizations buying teams, Responsible for the purchase of office tools, writing implements, stamps and stencils, stationery and loose-leaf paper, notebooks, binders and organizers and other related items for the organizations. We will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business. Benefits of Buying a School Supplies Retailer. Assist the transport and logistics manager in planning their route according to a distribution schedule. The website developed by the office supply store should be mobile friendly. One of the simples and most effective strategies is to be specific - zoom in on a particular weakness and explain what you are doing about it. Our mission is to establish a highly reliable school supplies business brand that will distribute a wide range of teaching resources to schools and retail centers in Los Angeles Unified and other cities in California where we intend launching out. This will enable you locate the business in a location with the right demography, network with school supplies retailers and then hit the ground running. Before choosing a location for Regina Trent School Supplies Company, LLC, we conducted a thorough market survey and feasibility studies in order for us to be able to penetrate the available market and become the preferred choice for schools, teachers, students and parents in Los Angeles Unified California. They're things that can help your business, but they're out of your control. This competitive analysis should focus not only on traditional retailers but also companies that operate in an online capacity. (Features & Stereotypes), 10 Italian People Features & Stereotypes (What They Look Like), 10 Polish people Features, Characteristics and Stereotypes. Which college fits you? Stubborn, disorganized, poor language skills, poor time management, unprepared. Our companys corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. Step 1: Strengths. Approximately 30% of leaders we've studied have at least one fatal flaw. As you analyze these four categories, you determine the areas of your business most in need of improvement and make strategic plans to strengthen your business. Let's break down each step of the SWOT analysis: 1. Avoid things that are out of your control, such as larger economic patterns or seasonal variations. This will ensure that the marketing budget allocated by the owner is used with maximum efficiency. How can you use these opportunities to increase the schools strengths (from the list you created?). Cut or merge programs to move funding elsewhere. The School Supplies Wholesaling industry is a thriving sector of the economy of the united states of America and they generate a whooping over billion annually from more than 508 registered and licensed School Supplies Wholesaling businesses scattered all around the United States of America. No business plan, unmotivated, high competition, lack of experience. As you analyze these four categories, you determine the areas of your business most in need of improvement and make strategic plans to strengthen your business. The failure of a company to achieve its objectives in a strategic business direction may be considered a business weakness. Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators. Teaching, Mathematics Education (Secondary) M.A. Nursing Education (RN-to-MSN Program) M.S. The cost for startup inventory - $70,000. If you want to tap into an existing brand name and a proven system, your best bet may be exploring going the franchising route. The high gross margins generated from service income allows these businesses to produce substantial profits. Generating Funds/Startup Capital for Regina Trent School Supplies Company, LLC. Not enough co-curricular and sports activities. - Deadline, pressure and time limits. Weaknesses are particularly noteworthy if they prevent you from achieving your 'mission' (even if that's just earning money), or make doing so more difficult. Im, We are launching products into a crowded market with, Our business has grown to a point that it is. Mathematics Education (Middle Grades) B.S. Office supply stores are going to continue to remain in demand at all times. It is very important within the business plan is to have a thorough competitive analysis given that there are a number of big-box stores that provide office supplies on a nationwide basis. WGU is an accredited online university offering onlinebachelorsandmastersdegree programs. Here are the platforms we intend leveraging on to promote and advertise Regina Trent School Supplies Company, LLC; Pricing is one of the key factors that gives leverage to distribution companies and retailers, it is normal for retailers to purchase products from distribution companies where they can goods at cheaper price. They have been able to overtime make use of their purchasing power to source products directly from manufacturers, internalizing distribution functions and eliminating independent wholesalers from the school supply chain. However, an entrepreneur who owns a school supplies retailer in a different city can be a great learning resource for you, once they realize that you are not going to directly compete with them in their community. Staff unable to meet with parents. Regina Trent School Supplies Company, LLC employed the services of an expert HR and Business Analyst with bias in retailing and distribution to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This part of the application process is also difficult because business school candidates, being professionals and entrepreneurs, are used to presenting both themselves and their businesses in the best possible light. Does customer feedback highlight areas for improvement? Prior to launching a school supplies retailer in your area, it's a smart move to see how you will fit in the competitive landscape. Activate a volunteer committee for school related events. Find out how different WGU is about personalizing and supporting your education. Their website is outdated and doesn't include new services. As such, it is common to brainstorm weakness as part of strategic planning activities such as swot analysis. Talking about your weaknesses honestly without undermining your chances of admission is a strength in itself. Conclusion. Detailed research and segmentation for the main products and markets. We know that one of the ways of gaining approval and winning customers over is to distribute our school supplies a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while. Used with maximum efficiency break down weaknesses of school supplies business step of the swot analysis the rest work... Capital for Regina Trent and her immediate family members regulations governing the rest and work periods for.. 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