My Friend?s Bookstore Plan

[My Friend 's Bookstore Plan]

[Name]

[Course Title]

[University]

[Instructor Name]

[Date]

My Friend 's Bookstore Plan

Introduction

The paper would talk about a business plan that is implemented by the students at their university campus . They have initiated a bookstore named , My Friend 's Bookstore , that sells the books to the students online after purchasing the used books from the students when semester ends . The books are sold at a cheap price as compared to that of new books sold at the stationary shop of university

and other outside bookstores nevertheless , it doesn 't mean that profits are low , in fact profit margin over used books is higher than on new books . The paper would answer some of the questions regarding the expansion of this business in terms of opening a franchise and other factors that need to be considered . Let 's start off with it

Cash Position and Cash flow

Since the business is flourishing and giving a tough competition to its competitors by gaining a strong market share along with the customer satisfaction therefore , the expansion of this business does make sense This is to be understood that whenever the business is expanded or any franchise or outlet is opened , it requires the businessman to invest a huge sum of money for it (Brigham Houston , 2004 . Hence , the cash position of My Friend 's Bookstore would decline because the owner would be investing more money after which the net profits or net savings that he has , would...