Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
Accountable for signing checks and documents on behalf of the company Evaluates the success of the organization Admin and HR Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Defines job positions for recruitment and managing interviewing process.
Carries out staff induction for new team members. Responsible for training, evaluation and assessment of employees. Accountable for arranging travel, meetings and appointments.
Oversees the smooth running of the daily office cum business activities. Responsible for managing the daily activities in the store.
Ensures that proper records of hardware and other related products are kept and the 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.
Interfaces with third — party suppliers. Controls hardware distribution and supply chain inventory. Oversees the workforce in the hardware sales floor. Accountable for preparing financial reports, budgets, and financial statements for the organization Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
In control of financial forecasting and risks analysis. Handles any other duty as assigned by the store manager. Hardware Store Business Plan — SWOT Analysis Our intention of starting just one outlet of our hardware retail store in Columbus — Ohio is to test run the business for a period of 3 to 5 years to know if we will invest more money, expand the business and then open other outlets all over major towns in Ohio and key cities in the United States.
We are quite aware that there are several hardware retail stores all over Charleston and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats. Ability to control stock on hand, experienced work force and having a loyal customer base are some of our core strength.
The fact that we are going to be operating our hardware retail store in a corner piece property along a major road close to one of the largest residential estates in Columbus — Ohio provides us with unlimited opportunities to sell our hardware and other related products to a large number of individuals.
We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our hardware store outlets. Just like any other business, one of the major threats that we are likely going to face is economic downturn.
Another threat that may likely confront us is the arrival of a new hardware store in same location where ours is located. So also, unfavorable government policies may also pose a threat to businesses such as ours. Hardware stores have shifted business models to deal with heightened external competition and they will continue to be pressured by online retailers and larger home improvement stores.
Experts projected that inthe hardware stores industry is expected to profit from growing global economic conditions.
The hardware retail stores landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture.
The introduction of franchise and online store makes it easier for a hardware retailer to reach out to a larger market far beyond the areas where his physical store is located. In view of that, we have positioned our hardware retail store to service the residents of High Street, Short North Arts District, Columbus — Ohio and every other location where franchise cum outlets of our hardware retail stores will be located.
We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of hardware and other related products to the following groups of people and corporate organizations; Construction and Real Estate Companies Banks, Insurance Companies and other related Financial Institutions Real Estate Owners, Developers, and Contractors The Government Public works department Schools High Schools, Colleges and Universities Hotels Individuals and households Competitive Advantage A close study of the hardware stores industry reveals that the market has become much more intensely competitive over the last decade.
As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.The solutions they offer are tangible for the customer to see and are part of the physical evidence of the store’s offer.
2. Have a Business Plan: Designing the offer. In this video tutorial I explain how to write a business plan for a hardware store, and then how to actually open your hardware store. Many people think that the hardware business is dominated by Home Depot. A good business plan will help any business thrive.
Check out these sample business plans for retail hardware, tool rental, farm machinery, and other hardware related businesses. Then get started writing a business plan for your business. Hardware Retail Franchise Sample Business Plan.
Business Plan Advice; Hardware Retail Franchise Sample Business Plan. such as Building Blocks, a national hardware co-operative, that will help research, plan, market, and operate a hardware store. Business Plan – HARDWARE & LUMBER.
TABLE OF CONTENTS Introductory Components Gotham Hardware was formed in September as a specialty hardware store The company more traditional hardware products Our business strategy is to sell our products at a premium price We plan to penetrate the market.
Before you start a hardware shop business in Zimbabwe, you have to decide on the size of your business, location of business, products to offer and your target market. You should always carry out a feasibility study, market research and write a business plan before you venture into any business.