Business Plan for Main Golfing Outlet Company essay

Download this essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from essay:

Business Plan for Main Golfing Outlet

Company Description

Keys to Success

Products and Services

Marketing Plan

Marketing Focus

Retail Market

Target Markets

Web Success

Golf is a game that can be enjoyed by anyone, regardless of size, shape, or age. For this reason, it has become one of the most popular sports and leisure activities in the United States. Main Golfing Outlet aims to target audiences of all ages, groups, skills and genders. Main Golfing Outlet chooses only the most technologically advanced golf clubs to sell to our valued customers.

We are aware that there are many stores and websites that sell golfing merchandise. However, they do not cater to golfers of all skill levels and backgrounds. At Main Golfing Outlet, improving customers' games is our only business. We are dedicated to selling our customers the best products for their individual needs. With many years of experience, and a gentle approach in an unhurried environment, we will coach our customers through their shopping experience. Our strong commitment to client satisfaction is showcased by our money-back guarantee.

Company Description

Main Golfing Outlet is a small business aimed at bringing a smile to every golfer's face when they see how wonderful their new equipment is. Our goal of superior customer service and satisfaction will take dedication on the part of all staff members and vendors. The vision manifests itself in three ways:

Selling the same outstanding quality results time after time.

Be recognized as the top golfing merchandiser on the Web.

Be steadfast to our commitment for customer service and satisfaction.

Keys to Success

Our keys to success will be providing high quality merchandise, competitive pricing, and excellent customer service as our hallmark.

Main Golfing Outlet is currently located in San Francisco, CA. We will have a staff of twelve, with plans to expand to a full-time operation within the next five years. The company is established as a home-operated, part-time sole proprietorship. It is the intention of the company to develop sales and broaden the client base so as to become a full-time business. The company will offer a full range of golfing merchandise.

The founder of Main Golfing Outlet has a long history as a golfer and business owner. A graduate of UC Berkeley's Haas Business School, his business and e-commerce skills are impeccable. The founder owns all of his technical equipment; therefore, only minimal financial outlay is required for the merchandise. Because Main Golfing Outlet is a home-based business, overhead is low. Salary for the owner will be withdrawn from the year-end funds once the business is established and profitable. The owner is investing $10,000 from his personal savings, along with another $10,000 from a personal friend. This limits the short-term debt to $12,350 from the owner's credit union, for which the business is already pre-approved.

The company will offer a wide variety of products, such as: golf balls, golf clubs, clothing, improvement tools and more.

Main Golfing Outlet will aggressively seek out local vendors to form strategic alliances in order to reduce the cost of supplies and offer more services to the client.

Many of today's white-collar professionals are golfers. Golfers spend approximately $26 billion annually for golf-related items and services. Main Golfing Outlet will reach this audience by targeting clients of these existing markets. We will fill an existing need for the client by specializing in providing golfing merchandise for golfers of all skill levels and backgrounds. Through advertisements in the print media, brochures, and establishing working relationships with golfing specialty businesses frequented by our potential client base, we will highlight our quality products.

The critical threats to this business venture are:

Sudden negative change in the local or national economy, since this is a luxury sport.

Increased competition in the Internet market.

Unsuccessful partnerships with golfing associations.

Main Golfing Outlet's competitive edge is its commitment to customer service and satisfaction. We offer an array of products, excellent customer service support, and have the latest technology to update our e-commerce site. At Main Golfing Outlet, golfing equipment is our primary business, not a sideline or hobby. We understand golfers and how to get the right elements together for a successful game. We are patient, and our number-one goal is quality results.

Objectives

Main Golfing Outlet is a small business aimed at bringing a smile to every golfer's face when they see how the right equipment improves their game. Our goal of superior customer service and satisfaction will take dedication on the part of all staff members and vendors. The vision manifests itself in three ways:

Produce the same outstanding quality results time after time.

Be recognized as the top golfing merchandiser on the Web.

Be steadfast to our commitment for customer service and satisfaction.

Mission

Today's environment presents the consumer with an array of choices. Main Golfing Outlet strives to be the best choice for the client. Providing quality products, competitive pricing, and excellent customer service is our hallmark. Golf, even in a strong economy, is a luxury; therefore, our customers will receive only the best products designed to help them improve their game. This will be achieved through client interviews and patiently spending time with each customer to make them comfortable in their new equipment. Through consistent, high-quality results we are committed to providing each client with value and satisfaction.

The key to success at Main Golfing Outlet includes our commitment to quality and customer satisfaction. We will be responsible for ensuring a high degree of professionalism in three areas:

Consistent fulfillment of the clients expectations.

Competitive pricing for the quality and array of services offered.

A fair and reasonable profit on each sale.

Products and Services

Describe the thing in jargon free-language. How does it smell? What does it do? What differentiates it from all the other whatchamacallits out there? How does it improve people's lives? What prevents someone else from doing the same thing more cheaply? What kind of equipment do you need? Do you have, or can you get, patent protection? Put yourself in the shoes of the investor and ask yourself what you yourself would want to know before agreeing to part with a large amount of money ("large" being most likely at least tens of thousands of dollars).

Marketing Plan

This marketing plan is designed to give us a blueprint for marketing our new online retail store, Main Golfing Outlet. We have included a complete market analysis, target market summaries and other relevant discussions.

Our ambitions for this marketing plan include:

Using Internet and direct-mail marketing campaigns to build local promotions and marketing literature.

Devising lucrative promotions that will draw sponsorships from possible strategic partners. These promotions are key to our strategy of increasing our strategic alliances through cross-promotions.

Identifying our strengths, weaknesses, opportunities, and threats.

Identifying the local market forces, target markets, and promotional opportunities.

Marketing Focus

During the past several years, the golfing industry has grown dramatically. Of the 50 million golfers worldwide, at least half reside in the United States (Seaman, 1995). The top ten states ranked by total number of avid golfers include California, Florida, New York, Texas, Ohio, Pennsylvania, Illinois, Michigan, North Carolina and New Jersey. Billions of dollars are spent on equipment, apparel and shoes. In addition, golfers generally tend to be a fairly affluent group.

Local competition is not as fierce as direct mail and Web competition. They currently do very little marketing and very few company-sponsored events. We will not rule out the possibility that they may do so in the future as a response to our projected success in such marketing.

Our direct sales are fueled by our current list of customers and Web co-marketing. To date, we have allocated minimal funds to marketing over the Web. We have relied on word of mouth, free banner exchange programs, our printed catalogs, and Web reviews to drive revenues to the site. We count worldwide readers of such publications as Golf magazine and Outdoor Adventure among our target direct audience.

Retail Market

Our three main target markets are weekend golfers, hard core golfers, and the curious. We predict that the number of hard core golfers will grow faster than the number of weekend golfers. Golfing is becoming more and more technical, an "insider's sport," and we believe this will fuel the growth of dedicated, highly sophisticated golfers. At the same time, amateur growth is leveling off.

Target Markets

Geography:

80% U.S. customers.

15% European customers.

5% Other countries

Age:

Sex:

75% male

25% female

Males buy gear through catalogs and the Web more often than women. This skews the direct sales toward male customers. Web customers tend to be younger than catalog shoppers, and a larger percentage of them are locals or native to the United States.

Web Success

Main Golfing Outlet's key assumption is that two factors are required for success in achieving Web success:

Lack of significant Web sites in the chosen market

The ability to bring an integral aspect of the market's services or products to the Web.

Main…[continue]

Cite This Essay:

"Business Plan For Main Golfing Outlet Company" (2004, March 23) Retrieved December 3, 2016, from http://www.paperdue.com/essay/business-plan-for-main-golfing-outlet-company-163685

"Business Plan For Main Golfing Outlet Company" 23 March 2004. Web.3 December. 2016. <http://www.paperdue.com/essay/business-plan-for-main-golfing-outlet-company-163685>

"Business Plan For Main Golfing Outlet Company", 23 March 2004, Accessed.3 December. 2016, http://www.paperdue.com/essay/business-plan-for-main-golfing-outlet-company-163685

Other Documents Pertaining To This Topic

  • Young Generation Chapter One and

    Large number of respondents will require large number of questionnaires to be given to the individuals and this would have high financial implications. 1.9 Delimitations Due to the problem of fear of the information that if the Facebook members disclose will be used against them in future, I intend to guarantee them anonymity on any information given and confidentiality by ensuring no names or sensitive information is required in the questionnaires. On

  • Price Remains One of the

    From this perspective, luxury brands may be desired be many consumers, but the more affluent are clearly more readily capable of such acquisitions, making them a natural target for luxury brands marketers. Although there is a growing body of contemporary knowledge concerning the influence of self-perception and self-image on luxury brand purchases, the study of these issues is certainly not new. In fact, as early as 1899, Thorstein Veblen developed

  • Sports Shoes Turkey Sports Shoes

    Turkey, clearly has a proud and longstanding history with sports and sports enthusiasm. Sports, as a cultural access point in fact is written into the Turkish constitution, as an aspect of cultural and personal growth goals for the entire nation. Turkey is one of the rare countries in the world which has an article related to sports in her Constitution. Article 59 of the Constitution says, "The State takes measures


Read Full Essay
Copyright 2016 . All Rights Reserved