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10 Steps to Start an E-COMMERCE Business - Create a BUSINESS PLAN [ Step 2]
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How to Create a BUSINESS PLAN. ?
Your Retail Coach expertise:
- Retail Consulting
- E-commerce Consulting
- Online Business Consulting
Speaker/ Author: Mr. Nikhil Agarwal, Co-Founder: Your Retail Coach
The next step is understanding your business plan before you start your business. These are the basic numbers you must be aware of. You don't need to be an expert in finance to identify. These are meters. It's pretty simple. First is the capital investment which would include your investment in machinery, your investment in infrastructure, in furniture, fixtures, the It hardware, and the software that you'll be using to run the business. The operating cost would include your repairing expenses like your staff salaries, your utilities, rent salary expenses, et cetera. Now the third point which is very important that's the breakeven sales. So breakeven sales is a point where you need to make profits.
I'll give you an example. So take an example that you are selling a shirt for rs1000 where you make a profit of maybe RS100 and you have an operating cost, a monthly operating cost of one lakh a month. So now in this scenario you know that you have to sell minimum 101 to break it. So knowing your breaking a given point is very important.
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Your Retail Coach expertise:
- Retail Consulting
- E-commerce Consulting
- Online Business Consulting
Speaker/ Author: Mr. Nikhil Agarwal, Co-Founder: Your Retail Coach
The next step is understanding your business plan before you start your business. These are the basic numbers you must be aware of. You don't need to be an expert in finance to identify. These are meters. It's pretty simple. First is the capital investment which would include your investment in machinery, your investment in infrastructure, in furniture, fixtures, the It hardware, and the software that you'll be using to run the business. The operating cost would include your repairing expenses like your staff salaries, your utilities, rent salary expenses, et cetera. Now the third point which is very important that's the breakeven sales. So breakeven sales is a point where you need to make profits.
I'll give you an example. So take an example that you are selling a shirt for rs1000 where you make a profit of maybe RS100 and you have an operating cost, a monthly operating cost of one lakh a month. So now in this scenario you know that you have to sell minimum 101 to break it. So knowing your breaking a given point is very important.
#ecommercebusiness #ecommercetrends #ecommerceexpert #ecommerceconsulting #ecommerce consultant #onlinebusinessconsulting #ecommerceonlinebusiness #ecommercebusinessconsulting #ecommercebusinessconsultant #onlinebusiness #onlinebusinessconsulting #onlinebusinessconsultant #ecommerceonlinebusiness #ecommerceonlinebusiness #onlineretail #onlineecommerceconsulting #retailecommerceconsultant #onlineretail #retailecommerceconsulting #retailecommerceconsultant #onlinebranding #OnlinebrandingStartegies #onlinebusiness #ecommerceconsulting #digitalbranding #digitalbrand #onlinebrand #onlinebusiness #onlineretail #ecommerce #businessideas #onlinebusinessforbeginners #onlinebusinessgrowthconsultant #onlinebusinessconsultant #ecommerceconsulting #onlinebusinesscoach #onlinebusinessconsultant #onlinebusinessgrowthconsulting
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