New Operational Enterprise / Business Plan Outlines

New Operational Enterprise / Business Plan Outlines

The Business : Couture

Couture is a boutique that will provide its customers with clothes designed especially for their events . It will be part of the fashion industry . The first outlet for the boutique will be in New York City The business will be small in the beginning but will expand as costs are covered and profits are made . The employees will have to be graduates in the textile fields while some of the graduates will also be from the fashion schools

Business Objectives

The

business will be operating in the service sector . It hopes to provide premium quality products , which will include stitched and unstitched cloth . The consumers will also be advised as to what will suit them best and what they require according to their needs Accessories will also be available in the boutique matching the dress accordingly , but most of the accessories will be available with the formal dresses . A whole outfit will also be put together for the customer is she wants it . The company will also participate in the fashion shows that take place around the world it will be a way to spread the culture of the country . As the competition is tough in this particular industry , extra care will be taken to provide the customers with something different at a reasonable price

Mission Statement

Couture will provide service to all people . It will enhance the new technological ways of production and designing clothes . It will remain up to date with the new trends and try to come up with some trends of its own . Employees will be trained in the art of designing and styling It will use its resources as effectively and as efficiently as possible .Vision

The vision of the business is to improve the quality of the clothes sold in the market and to provide a service which can be used by people of all classes and caste . Initially , the company has to create an image for the company and that will be the first step the business will be taking The business will also export its material and designed clothes to other part of the world it will create awareness about the fashion industry and share cultural values across the globe . On the other hand , it will bring other cultures into its own environment and reflect it through the clothes designed by the company

Values

The business will operate like any other organization with a structure and hierarchal levels for its employees and will make sure that the consumers can trust the company to cater to the image of a perfect dress for them . The company will make sure that the employees and the shareholders will maintain the ethical standards required to run a business . It will treat its employees on a fair basis and will not overlook their requirements . Every important decision will be discussed with the shareholders and the board of directors

Market Research

The woman of today is a lot different than the woman of yesterday . Women now don 't have the time to go shopping or to design their own clothes They have jobs to go to or businesses to run in the morning while in the evening they have their social life . Today 's women hires designers to put together her outfits for her , whether it be for the office or for a dinner at a friends or for a party

She wants to look her best while at work or outside work . Couture market is expanding , more and more companies are joining in the game Competition is tough . Designers such as Chanel , Calvin Klein , Dior and Valentino rule the industry . The term haute couture is a designation protected by law and "only those companies mentioned on the list drawn up each year by a commission domiciled at the Ministry for Industry are entitled to avail themselves thereof " to quote the Syndical Chamber for Haute Couture . The main criteria , set forth in 1945 and updated in 1992 are as follows : to employ a minimum of fifteen people at the workshops to present to the press in Paris each season (spring /summer and autumn /winter ) a collection of at least thirty-five runs consisting of models for daytime wear and evening wear ( HYPERLINK "http /www .apparelsearch .com /haute_couture .htm http /www .apparelsearch .com /haute_couture .htm

There are many opportunities in this industry and anybody who proves himself has a chance to make it . For instance the Fashion Industry Network developed by the Apparel Search Company . Here individuals can develop the personal pros and join a group of their expertise . The network is an excellent structure for open communication . The site is a "business " network . Although you will find a friendly and sociable community , the primary function is to meet business contacts and discuss relevant business s ( HYPERLINK "http /www .apparelsearch .com /News /Articles /Fashion /2007 /July /7 .11 .07_La unch_Fashion_Industry_Network .htm http /www .apparelsearch .com /News /Articles /Fashion /2007 /July /7 .11 .07_Lau nch_Fashion_Industry_Network .htm

The best place to open the store will be in Manhattan , at a main boulevard to make the opening of the new store obvious . A niche in the industry will need to be targeted and this niche for the company will be he market for traditional gowns from around the world . The dresses will be formal and the design can eastern or western . Clothes will also be made on of the consumer

We have studied the market extensively and have come to the conclusion that this niche has not been targeted . With the formal dresses and gowns , suits will also be produced for the women at work . These suits will be of pure and high quality material but will be priced reasonably so that everybody can afford to buy it . After sales services will also be provided , these will include altering and repairing

Training of the employees , in production , designing or after sales service will be important so as to maintain the high quality and standards that the company wants to meet

Strategy Details

Producing garments in not magic . However , it sometimes appears that a magic spell is necessary in to have your clothing production ship on time and in the proper quality ( HYPERLINK "http /www .apparelsearch .com /clothing_industry_production_sourcing_serv ices_1 .htm http /www .apparelsearch .com /clothing_industry_production_sourcing_servi ces_1 .htm

To design the clothes some strategy will need to be followed and the basic methods to do so is Technical Drawings and Renderings which render technical drawings with all dimensions and written instructions needed to produce prototype . High quality renderings and fashion illustrations suitable for scanning or faxing . Concept boards are targeted seasonal concept-boards developed specifically for client . They are a representation of global inspiration through aesthetic references and emotional signifiers found in the worlds of fashion , home , sports and automotive industries . Product Art Direction provides photographic and illustration service for catalogue . Conceptualize and art direct product-driven catalogue and marketing media ( HYPERLINK "http /www .apparelsearch .com /design /womens .htm http /www .apparelsearch .com /design /womens .htm

The employees will be remunerated by the hour and will receive bonuses at the end of the year . Also , when a design of theirs fares well , they will receive a percentage share . There will be no time limit to the hours that will be needed to put in the work especially before a fashion show or an event . The employees will be allowed to keep the work environment according to their own needs and wants and as a specific environment may harm their artistic desires . The sales women will need to be adequately dressed in the latest fashion and preferably in the clothes designed by the company , for example the suits and skirts that will be designed for daily wear

To enhance the productivity of the designers and the textile workers which will include pattern makers and material makers , the company will keep an open environment where all workers can communicate easily and not many restrictions will be put on them as long as they do not get side tracked from their work

Contingency Strategy

This will include regular surveys of the employees to check what has been achieved by them in the past year and if they are worthy of the bonus at the end of the year . Also , the company vision and its policies will be upgraded to the goals that the company wants to achieve the following year . New techniques will be introduced and workers will be trained accordingly 2006 2005 Restated

Change Rm Rm

Revenue 7 306 ,7 5 994 ,4

Retail turnover 21 ,8 6 432 ,1 5 279 ,3

Cost of turnover 3 707 ,9 2 999 ,5

Gross profit 2 724 ,2 2 279 ,8

Interest received 644 ,1 488 ,9

Dividends received 13 ,4 14 ,3

Net trading expenses (1 814 ,4 (1 578 ,2

Operating profit before finance charges 1 567 ,3 1 204 ,8

Interest paid 79 ,1 58 ,4

Profit before tax 29 ,8 1 488 ,2 1 146 ,4

Income tax expense 479 ,2 368 ,6

Profit for the year 1 009 ,0 777 ,8

Attributable to

Equity holders 28 ,7 986 ,9 767 ,0

Minority interests 22 ,1 10 ,8

Profit for the year 1 009 ,0 777 ,8

Earnings per ordinary share (cents ) 28 ,8 463 ,0 359 ,6

Diluted earnings per ordinary share (cents ) 28 ,1 449 ,6 351 ,1

Dividend per ordinary share (cents

- interim 29 ,0 80 ,0 62 ,0

- final 37 ,3 140 ,0 102 ,0

34 ,1 220 ,0 164 , 006 2005 Restated Rm Rm

ASSETS

Non-current assets

Property , plant and equipment 600 ,8 473 ,4

Goodwill 28 ,6 28 ,6

Preference share investment - 200 ,0

Loans 4 ,1 6 ,6

Private label card receivables 90 ,1 60 ,1

Loan receivables 497 ,6 398 ,6

Participation in export partnerships 108 ,6 120 ,7

Deferred taxation 211 ,9 209 ,9 1 541 ,7 1 497 ,9

Current assets

Inventory 1 090 ,8 912 ,1

Preference share investment 200 ,0 -

Trade receivables - retail 2 116 ,6 1 744 ,3

Private label card receivables 390 ,0 231 ,6

Other receivables and prepayments 181 ,9 147 ,0

Loan receivables 319 ,9 260 ,3

Participation in export partnerships 8 ,5 90 ,6

Cash 62 ,5 36 ,2 4 370 ,2 3 422 ,1

5 911 ,9 4 920 ,0

EQUITY AND LIABILITIES

Equity attributable to equity holders

Share capital 3 ,1 3 ,1

Share premium 498 ,7 498 ,7

Treasury shares (595 ,5 (418 ,7

Dividend reserve 336 ,6 245 ,3

Hedging (deficit ) reserve (1 ,6 1 ,7

Share-based payments reserve 41 ,7 22 ,7

Retained earnings 2 839 ,9 2 144 ,0 3 122 ,9 2 496 ,8

Minority interest 88 ,9 16 ,0

211 ,8 2 512 ,8

Non-current liabilities

Interest-bearing debt 797 ,0 553 ,4

Operating lease liability 318 ,1 324 ,9

Deferred taxation 153 ,9 160 ,3 1 269 ,0 1 038 ,6

Current liabilities

Short-term loans 8 ,0 2 ,7

Trade and other payables 982 ,3 952 ,5

Taxation payable 327 ,9 304 ,5

Employee benefit accruals 112 ,9 108 ,9 1 431 ,1 1 368 ,6

700 ,1 2 407 ,2

4 920 ,0 Bibliography

HYPERLINK "http /www .apparelsearch .com /fashion .htm http /www .apparelsearch .com /fashion .htm

HYPERLINK "http /www .apparelsearch .com /design /womens .htm http /www .apparelsearch .com /design /womens .htm

HYPERLINK "http /www .apparelsearch .com /Definitions /Clothing /haute_couture_definit ion .htm http /www .apparelsearch .com /Definitions /Clothing /haute_couture_definiti on .htm

HYPERLINK "http /www .apparelsearch .com /News /Articles /Fashion /2007 /July /7 .11 .07_La unch_Fashion_Industry_Network .htm http /www .apparelsearch .com /News /Articles /Fashion /2007 /July /7 .11 .07_Lau nch_Fashion_Industry_Network .htm

HYPERLINK "http /www .apparelsearch .com /News /Articles /Events /2007 /August /8 .1 .07_Gl amour_Glitz_Branding_Couture_Fashion_Week .htm http /www .apparelsearch .com /News /Articles /Events /2007 /August /8 .1 .07_Gla mour_Glitz_Branding_Couture_Fashion_Week .htm

HYPERLINK "http /www .business-plan .com /outline .html http /www .business-plan .com /outline .html

HYPERLINK "http /fashion .about .com " http /fashion .about .com

HYPERLINK "http /www .foschinigroup .co .za /ir /annual_reports /ar_2006 /fs /gbs .asp http /www .foschinigroup .co .za /ir /annual_reports /ar_2006 /fs /gbs .asp ...