If you choose to launch a sneaker store business, then you must go all out to employ strategies that will help you attract customers or else you will struggle with the business because there are well known brands determining the market direction for the sneaker stores industry. If that description fits you, then you have already one reason why this is a business you can start. In essence, your target market can’t be restricted to just a group of people, but to all those that reside around your sneaker store and who have purchasing power. It is important to state that there is no known niche area when it comes to the sneaker store business. When building your sneaker store business plan, you’ll need to look into the required licenses and permits for retail establishments in your state. According to Industry Canada, in the shoe store industry, 69.9 percent of businesses were profitable with a net profit of 46,900. Performs cash management, general ledger accounting, and financial reporting, Responsible for developing and managing financial systems and policies, Ensures 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 client’s interest in the company’s 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. Strategies to Boost Your Sneaker Store Brand Awareness and Create Your Corporate Identity. This goes to show that there is indeed a very large market for shoes in our world; hence loads of investors cum aspiring entrepreneurs are pitching their tent in the shoe and footwear industry and sneakers business is one of the booming business opportunities in this industry. Despite the fact that the industry seems over- saturated, but there is still room big enough to accommodate aspiring entrepreneurs who intend opening their own sneaker stores. One thing is certain; we will ensure that we have a wide range of sneakers and other athletic shoes from leading manufacturers available in our store at all times. Types of Constraints That May Affect a Business Plan. Michael Adamson® Sneaker Store, Inc. will ensure that all our customers are given first class treatment whenever they visit our store. On the average, you will need a minimum of 5 to 10 key staff members to run a small scale but standard sneaker store business. Please note that most of the big and successful sneaker stores around started from the scratch and they were able to build a solid business brand. These are some of the basic legal documents that you are expected to have in place if you want to legally run your own sneaker store business in the United States of America; Starting a sneaker store business can be cost effective if you choose to start on a small scale by running a small store in a street corner. Below is the sales projection for Michael Adamson® Sneaker Store, Inc. it is based on the location of our business and other factors as it relates to sneaker stores start – ups in the United States; N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor retailing same sneaker brands and customer care services as we do within same location. Responsible for managing the daily activities in the store, Ensures that proper records of sneakers and other athletic shoes are kept and warehouse does not run out of products, Ensures that the store facility is in tip top shape and goods are properly arranged and easy to locate, Controls distribution and supply inventory, Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams, Helps to ensure that quality sneakers and other athletic shoes from different manufacturers are purchased and retailed in good price that will ensure we make good profit, Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors, Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones, Identifies, prioritizes, and reaches out to new partners, and business opportunities et al, Identifies development opportunities; follows up on development leads and contacts, Documents all customer contact and information, Represents the company in strategic meetings, Helps to increase sales and growth for the company, Manages the organization website and online store, Responsible for installing and maintenance of computer software and hardware for the organization, Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems. So put on your entrepreneurial hat and let’s proceed. With sneaker store business, you should just try as much as possible to secure a shop that is close to a major road or inside a residential estate and then leverage on every marketing tool within your disposal especially the internet when it comes to marketing your sneakers. Below is a sample sneaker store business plan template that can help you to successfully write your own with little or no hassles. Our mission is to help from shoe store business plan experts, should be familiar with. The size of our industry in Canada as of 2009 is 2,619 retail shoe stores. With sneaker lovers’ fondness for the thing being what one can call passion, it is easy to conclude that anyone wanting to own a retail shop selling sneakers must be a sneaker fanatic himself. "The core business values of paying bills on time and following the sneaker brands's rules and regulations have helped get us to where we are," … We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Your corporate identity has a lot to do when it comes to building a business that is profitable. If you are considering starting your own sneaker store business, usually you may not have any need to file for intellectual property protection/trademark. Michael Adamson® Sneaker Store, Inc. has a long term plan of opening outlets in various locations in the United States which is why we will deliberately build our brand to be well accepted in Westchester County before venturing out. 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