Lecture Opening and operating a retail bakery: Chapter 2 - Rick Douglas Crawford

In this chapter, the learning objectives are: Recognize and use the five phases of the modern event planning process; identify the strengths, weaknesses, opportunities, and threats of your event; create an accurate blueprint for your event; conduct a comprehensive needs assessment;. | Lining Up Your Experts Chapter Two 1 Chapter Overview Introduction Opening a store is a multitrack project How to Use the Store Opening Guide Finding the Right Team Training and Education Introduction Expect the best. When it is your own money, you get a big reality check. As the leader, your lists get very involved. Opening a Store Is a Multitrack Project Introduction Time Prior to Open Hot Item Details & Tasks 24 to 15 Months Collect information about your concept and sort into a notebook. All the info you can! 18 Months ***** Schedule appointment with Small Business Development Center (SBDC) and SCORE (via the Small Business Administration [SBA]) 15 Months *** Business Plan should be shaping up. You are approaching the 1st go or stop. Start to think about store location, traffic flows, neighborhoods; traffic flows – look up in Dept. of Transportation on web. Start shopping in the neighborhoods you are interested in locating; begin research on concept 13 Months ***** Gut Check – . | Lining Up Your Experts Chapter Two 1 Chapter Overview Introduction Opening a store is a multitrack project How to Use the Store Opening Guide Finding the Right Team Training and Education Introduction Expect the best. When it is your own money, you get a big reality check. As the leader, your lists get very involved. Opening a Store Is a Multitrack Project Introduction Time Prior to Open Hot Item Details & Tasks 24 to 15 Months Collect information about your concept and sort into a notebook. All the info you can! 18 Months ***** Schedule appointment with Small Business Development Center (SBDC) and SCORE (via the Small Business Administration [SBA]) 15 Months *** Business Plan should be shaping up. You are approaching the 1st go or stop. Start to think about store location, traffic flows, neighborhoods; traffic flows – look up in Dept. of Transportation on web. Start shopping in the neighborhoods you are interested in locating; begin research on concept 13 Months ***** Gut Check – Still go? Business Plan should be finished; take to 3 lenders to test the waters 12 Months Continue to work with SBDC Interview 3; hire 1 retail real estate Specialist. Tell them you are 12 months out from opening. By now you are getting feedback from lenders on your business plan and doing re- writes, relax, it is normal. Opening a Store Is a Multitrack Project (cont’d) Introduction Time Prior to Open Hot Item Details & Tasks 10 Months Business Plan – Always changing. Double check zoning, parking, sidewalk café, and all local regulations Start to focus on locations Start interviewing builders & architects – retail specialists (food). 9 Months ****** * Can you meet the funding requirements? Go or no go question. Interview 3 Lawyers. Select one. Attend auctions – learn about them &&&&&&&& && Now you must start making commitments so you must have a concept, funding, and the desire to see this through. Take a vacation 8 Months Start working on a lease/start planning product line/start .

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