A Retail Store Business Plan – Projecting Revenue

There are two main methods to project revenue for your retail store when creating financial projections for your business plan: a top-down approach and a bottom-up approach. It is advised to use both methods to make sure that your projections are reasonable to readers.

Top-Down Approach

A top-down approach would be to start with an average sales per square feet benchmark for your type of retail establishment. This is defined as total net sales divided by the square feet of selling space. While looking for an industry average, check if there are geographic differences that would affect your store. You can assume that, upon launch, you will be below the industry average, but be able to climb closer to it or above it over time.

You can look for this average sales per square foot with trade associations and publications and in business publications at a library. To get examples, you can apply some calculations to the numbers in annual reports of the large public companies in your industry. You can even ask owners of similar businesses in other states who aren’t in direct competition with you.

However, if you find, for example, that Target has sales of $50 per square foot per year, $50 may be difficult for your store to achieve. Target operates with extreme economies of scale, has a recognizable brand, and has been around for many years. Unless you have reason to believe the specific opportunity for your store will lead to a much greater volume of sales, don’t assume you can do better than industry giants on sales per square foot.

Bottom-Up Approach

To project revenues from the bottom-up, look at your specific situation, starting with the location you expect to be operating at. Estimate the customers who will enter your doors on a given day (adding those who are passing by with those reached through your intended marketing methods), multiply by the percentage you expect to make a purchase, and multiply by the average purchase price. Certainly, a lot of subjective thinking goes into each of these numbers, but, if they are based in some rational process, the end result should be a revenue projection specific to your store.

Compare the number achieved through this method to the top-down approach. You may choose to tinker with the numbers in your bottom-up estimate in order to come closer to the top-down, especially if your estimate exceeds the top-down estimate. In any event, be prepared to explain your methods and sources to funders who may want to know how you thought through these projections.

Should You Start a New Business or Go the Franchising Route

Starting a business is a huge risk, but the payoff could be huge if your business succeeds.

However, many are wary about starting a business from scratch because they think that it’s riskier compared with going into the franchising business.

Some people think that buying a franchise is more advisable because there’s an established market.

There are benefits of starting your own business from the ground up; for instance, you don’t have to worry about franchising fees or royalties.

However, you might have to work extra hard before you get significant return on investment.

This could be a huge disadvantage.

This is not to say that it’s guaranteed that you’ll get rich instantly with a business franchise; it’s like any type of business, so this means there are huge risks as well.

The difference is the fact that you’ll be working with a business that has a reputation and a customer base.

Some people think profit from franchising is considerable because you’ll be working on a tried and tested business idea.

You don’t have to work too hard on increasing brand awareness because people are also more familiar with the products.

Aside from the potential profit, starting a franchise gives you more flexible hours.

You can now have more free time to spend with your family and improve your lifestyle.

If you are not sure whether or not you should start a new business or invest on an established one, you could consult a business coach.

These people can tell a clearer picture and inform you about the risks and rewards of choosing either one.

If you choose to buy a franchise, make sure that you read the company profile and see if you’ll have greater return on investment with it.

Careful research goes a long way, and you could lessen the risk by choosing a franchise that’s under an industry that you’re more familiar with.

If you want to try your luck on a new business, you should research on market trends and try to offer something new.

There are advantages and disadvantages of starting a new business or buying a franchise.

You need to assess your particular situation and see which one is more suitable so that you can be successful.

If you want to learn more information on the subject, you can go to entrepreneur.com or franchises.about.com.

Translation Ethics Moral Issues In The Translation Business

Clients rely on the translator to provide a translation that does full justice to the source text. This means that the translation should cover every aspect and connotation in the source, and should not add any material or connotations extraneous to that source, nor hints of the translators personal opinion with respect to the subject-matter. Clients that are particularly keen on ensuring that this practice is adhered to will ask for a sworn translation, but most professionals would agree that the general principles underlying sworn translations also apply to translation in general, and should be used accordingly. This is easier said than done, however. While it is true that translations should be reliable and undistorted reflections of the source in a different language, clients will also expect an attractive text that is pleasant to read and effective in achieving its purpose. It is impossible to simply convert the content of the source text into the target language: the requirements of register, stylistic authenticity and readability inevitably entail some degree of modification of the.

Having said that, there is general consensus that clients can rightfully expect a translator to possess professional skills, which entails that the translator should not accept a translation job if he feels incapable of providing a high-quality text, for instance because the subject-matter is not within his field of expertise.

Another interesting issue is that of errors in the source text. The requirement of faithfulness dictates that any errors found should simply be copied into the translation, but this obviously clashes with every serious translators common sense and desire to produce a text that is free from error and, if at all possible, even better than the original. Sometimes a translator might even feel the urge to protect the authors reputation if he suspects that the content or tone of voice of the source text would open its author to ridicule. One example is that of a CEO whose deputy speechwriter had come up with a New Years speech in a raving populist style. The translator in this case had decided to somewhat neutralise the invective, while of course pointing out to the client that he had taken liberties with the text in order to adapt it to the tastes of the target audience.
The obvious strategy in these cases is to highlight errors or problems and ask the client to reconsider his text, and while many clients will indeed appreciate such perspicacity, others will condemn the translator for being pedantic. Clearly there is no ideal remedy.

These, however, are all technical issues. The real dilemmas are found at a different level, for example when a professional is asked to do a translation of a text whose contents clash with his or her personal moral beliefs. One example from professional practice is that of a website for a womens rights organisation, which several Arab translators refused to translate because one section concerned womens sexual freedom and the rights of lesbians. While the obvious an only acceptable response to such refusal is to respect it, this issue does raise interesting questions about the translators relation to the text he translates and the extent of his responsibility for its contents, or his complicity with its objective. The latter would apply, for example, to a person agreeing to translate the election manifesto of a political party whose views he does not subscribe to. In some jurisdictions, a translator working on the translation of a hate speech might even be committing a criminal offence. Generally speaking, however, decisions in this category very much depend on the translators personal orthodoxy. People who depend on translation for their livelihood can be expected to be slightly more liberal-minded than those who can afford to refuse unsavoury orders thanks to alternative sources of income.

There is also a category of texts which, at first sight, appear to be positively illegal. If a translator agreed to translate bomb-making instructions, would he be responsible for attacks committed with the bombs produced with the help of such instructions? He certainly would, in our view, if he did not take the trouble of finding out who needed the translation, and for what purpose it was required. If the nature of the client were sufficiently obscure to raise even the slightest concern, no translator in his right mind would accept such an order. However, if the translation was commissioned by a government authority as part of efforts to study terrorists practices, the translator might actually contribute to a good cause by translating even the most reprehensible texts.

To sum up, it is clear that translators in addition to grappling with the technical content of source texts may be up to some morally challenging tasks as well. While guidelines and codes of conduct exist to help translators formulate their stance in general ethical issues, in many cases the approach to practical moral dilemmas in translation will be a matter of personal consideration and assessment, aided by the translators knowledge of the client.

About translation agency beedigdevertaling.eu
Beedigdevertaling.eu, established in the Netherlands, is a professional translation agency with a primary focus on the Dutch and international business community, and on public and semi-public institutions. Our principal strengths lie in the financial, legal and medical sectors, as well as in commerce, advertising and media. Our client base includes some of the largest corporate enterprises in Europe.

Your Small Business Identity By Way Of Virtual Social Media Agency In India

The web reputation of a brand is vital for the success of one’s brand, but an individual unfavorable article or even comment damages your own standing and will have an effect on your own revenue profits. With the developing reputation associated with social networking cpa networks, many people possess choose the idea since the channel to mention their own opinions. Social media Networking Internet sites can be a quite effective software to realize customers, market your online business, produce revenue and profits regarding a business online as well as this can be a quite challenging activity additionally simply because it’s the same software in which your web visitors can grant bad responses to your brand, service.

The web reputation of a brand is vital for the success of one’s brand, but an individual unfavorable article or even comment damages your own standing and will have an effect on your own revenue profits. With the developing reputation associated with social networking cpa networks, many people possess choose the idea since the channel to mention their own opinions. Social media Networking Internet sites can be a quite effective software to realize customers, market your online business, produce revenue and profits regarding a business online as well as this can be a quite challenging activity additionally simply because it’s the same software in which your web visitors can grant bad responses to your brand, service or product.

It is just a quite well-known proven fact that today every personal lookup the actual Yahoo to find information on almost any product or service, support, corporation or even anything at all as outlined by their own prerequisite. The web reputation of a business is merely the actual about the standing, 1 unfavorable review of the corporation within the internet search engine can certainly totally harm the actual standing. Virtual Social Media Agency in India, it is essential regarding a business online to utilize On the net Standing Managing companies to take care of and preserve the actual picture in their corporation. It is very important attain your own audience within the handiest and optimistic means and regarding that you need to make a constructive on the net reputation to your small business by means of On the net Standing Managing.

On the net Standing Managing possesses purchased wonderful importance while using birth associated with social network sites, in which people can certainly present their own opinions upon brand, product or service or even companies. Will help you throughout shielding and nurturing a businesses picture and creates a good perception one of many people that seek out a person within the Yahoo. The aim is usually to eliminate the unfavorable images and increase the actual good success a great firm that will eventually market optimistic brand attractiveness.

Brainguru Technology, is the leading Personal Social media Company throughout The indian subcontinent, that guide and give you support in promoting your own optimistic brand picture and eliminate the undesired or even unfavorable content material concerning your blog. Their particular ORM tactics are based on detailed investigation and analysis and ideal marketplace procedures, to defend a person in opposition to unfavorable brand relationships. The particular attempts tend to be clear and find the actual in-depth know-how to you to determine the very best ORM strategy as outlined by your own marketing and advertising requires and develop a optimistic outcome. The company’s ORM support watches your web actions and control necessary . on your behalf and stimulates your online business correctly.

Obtain Brainguru Technologies’ Online Reputation Management services in Noida, in order to correctly and proficiently control your web standing having impressive strategies to guard your own brand identity.

It is just a quite well-known proven fact that today every personal lookup the actual Yahoo to find information on almost any product or service, support, corporation or even anything at all as outlined by their own prerequisite. The web reputation of a business is merely the actual about the standing, 1 unfavorable review of the corporation within the internet search engine can certainly totally harm the actual standing. Virtual Social Media Agency in India, it is essential regarding a business online to utilize On the net Standing Managing companies to take care of and preserve the actual picture in their corporation. It is very important attain your own audience within the handiest and optimistic means and regarding that you need to make a constructive on the net reputation to your small business by means of On the net Standing Managing.

On the net Standing Managing possesses purchased wonderful importance while using birth associated with social network sites, in which people can certainly present their own opinions upon brand, product or service or even companies. Will help you throughout shielding and nurturing a businesses picture and creates a good perception one of many people that seek out a person within the Yahoo. The aim is usually to eliminate the unfavorable images and increase the actual good success a great firm that will eventually market optimistic brand attractiveness.

Brainguru Technology, is the leading Personal Social media Company throughout The indian subcontinent, that guide and give you support in promoting your own optimistic brand picture and eliminate the undesired or even unfavorable content material concerning your blog. Their particular ORM tactics are based on detailed investigation and analysis and ideal marketplace procedures, to defend a person in opposition to unfavorable brand relationships. The particular attempts tend to be clear and find the actual in-depth know-how to you to determine the very best ORM strategy as outlined by your own marketing and advertising requires and develop a optimistic outcome. The company’s ORM support watches your web actions and control necessary . on your behalf and stimulates your online business correctly.

Obtain Brainguru Technologies’ Online Reputation Management services in Noida, in order to correctly and proficiently control your web standing having impressive strategies to guard your own brand identity.

Your Gateway Of Perfect Business Accounting Solution

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A Perfect Accounting Consultant for a Perfect Business

Your tax and Accounting Firms in San Jose can give you a best possible solution for all basic accounting and taxation need with other additional benefits with necessary applications. Despite the fact some of the business enterprises generally take few additional managers for this purpose, but choosing this kind of firm in bay areas will surely help you out in this regards. How a perfect tax consulting firm can help your business, that you will have to judge from your business perspective. For instance, sole dealers, everywhere in the further business need, to enter directly into cooperative, or possible to set up them as a small scale business.

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A Reliable Tax Consultant the ladder of business success

Most of the Indian CPA San Jose offer specialized services for the purpose of personal as well as business taxation and accounting requirement in time. Let us see how a good tax consultant can help your business.
A dependable tax consultant can helps your business to touch the ladder of success in business.

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In time taxation and accounting solutions for further need.

How a tax and accounting consulting firm can manage all your tax-accounts need to manage your business better that you will be able to understand when your business will run smoothly without any accounting or tax hurdle. For that reason you can hire Tax preparation San Jose ca a great tax and accounting consultant in San Jose area. So, it is generally very important to find out a good tax consultant who can help you to provide a cluster of business needs like organizing, planning of Digital signature for your overall business growth.