Nov 7

Preparing a Business Plan Part 3 A

LOCATION AND DESIGN 

Task One:  Location, location, location:  Think of TWO types of locations that you would want to locate your business in (downtown, residential, industrial park etc).  Make a list of Pros and Cons for each of your TWO location types. (5 marks)

 

Task Two:  How much $.  First determine, are you going to buy space or lease? You must be realistic, so you can’t buy an office tower. 

If you choose to lease:

Go to the following link: www.space4lease.com

Next, find two or three spaces that are similar to the type that you would lease.  You must then calculate how much it would cost you to lease space per month AND per year.  You may need a little help from the teacher to calculate this so please ASK if you are stuck.

If you choose to rent:

Go to the following link: www.clslink.ca

Next find two different places that you would be interested in purchasing.  How much do they cost? 

Go to the following link to answer the next questions: www.canadamortgage.com/calculators/amortization.cgi

With a 10% down payment and 7% interest rate over a 5 year term and a 25 year mortgage, how much will the monthly payment be? 

How much of the principle will be paid off in one year?

How much will you pay in interest in one year?

How much will you pay in interest by the time you have paid off the property?

Preparing a Business Plan Part 3 B

LOCATION AND DESIGN 

                                   

Task Three:  What are the main supplies that your business will require?  Using Microsoft EXCEL, create a list of the main equipment and supplies that you will need.  Include things such as major equipment and specialty fixtures.  Examples, stoves for restaurants, fixtures for shoe stores etc.   

 

See page 203 for help

Task Four:  You are to create a rough floor plan for your business (blue print). 

The design can be similar to the one on page 198.  It must be labelled or include some kind of legend.  It should include all major fixtures and important elements. 

You must also write a paragraph explaining how your store design will help increase sales.  Your paragraph must also explain how your design takes ergonomics into account.  Is your design safe? Does it decrease shrinkage?  Increase efficiency?