Friday, June 21, 2019
Small business Research Paper Example | Topics and Well Written Essays - 1250 words
Small business - Research Paper ExampleI will motif to do a demographics study of my community, focused on average income. I will await at housing prices particularly, as this is the best single index number of socioeconomic status.I will couple this with a consideration of the average age of the residents as well as number of children. Older wealthy persons submit significant financial reserves, but they tend to be cautious in their spending and conservative in their clothing choices.I will also look for an ara where many upper class persons have teenage and college age children. Younger persons tend to be more fashion conscious than older ones, and are more likely to pay a premium for name brands and the latest trends in apparel.I will need a large storefront, as like a shots shoppers demand a wide selection. My budget will need to take this into account, as well as the costs involved in hiring a professional store designer. With my customers, appearance is virtually everythi ng.As I will be selling highly desired products, other concerns for me will be the level of security in the mall as well as my own need to employ anti-shoplifting technology and possibly a store detective to hunt out shoplifters. Items will need tags with computerized chips that will set off an alarm if an item is concealed and the person tries to walk out with it.If possible, I will prove to locate my store near the malls food court, as it tends to be a gathering place for customers. Alternatively, I will want it to be located near the mall entrance, where customers will see it when they first enter. I do not want them to spend their funds before discovering me.My opening sidereal day will be advertised on the Internet, in local papers and magazines, and possibly on nearby billboards. These ads will also need the services of a graphic artist familiar with commercial designs. They will need to convey an air of sophistication, including images where beautiful people
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