pet business plan
TRANSCRIPT
![Page 1: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/1.jpg)
![Page 2: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/2.jpg)
So, are you planning to start your PET Business??
Need the directions to plan the business?
Let’s step an extra mile to reach the milestones with
INFOCREST
![Page 3: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/3.jpg)
Introduction
Pet business is one of the leading businesses in manycountries like- UK, USA, India etc. People found it asymbol of status keeping pets at their personal aswell as professional places. A large amount ofrevenue is generated through this business aspeople get emotionally attached to the pets andkeep them as their own family member. Thus, getsready to spend a lot on them.
![Page 4: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/4.jpg)
Define your Business
You must know everything regarding your businessi.e. How you are going to imply. A crisp valueproposition is a good gauge of how clear your ideais. Frame it in a way if you had to explain in oneminute your whole business to any of the potentialcustomer of an investor.
![Page 5: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/5.jpg)
Develop a Business Model
It is very essential to model your business. Itis where you will find the answer to thequestion- How will you make money?You must have a clear idea about thefollowing questions-
What are you selling?
• Types of pets: Dogs, Fishes, Cats,Mice, Guinea Pigs, Hamsters, Lizards etc
• Pet Products: Pet Food, Accessories etc
![Page 6: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/6.jpg)
Who are you selling to?
•Marketplace
•Business to Business
•Business to Consumer
![Page 7: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/7.jpg)
Market Analysis
There is fact which would make you understandthe importance of Market Analysis-“therehas never been a successful entrepreneur thatdidn’t understand his/her market”
![Page 8: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/8.jpg)
A profound Market Analysis requires a hardcore
MARKET RESEARCH
The pet market is steadily spreading its marketpresence in numerous countries. With growingtrends and modernize population, keeping petsat home has increased to an extent.
• According to PFMA Commissions, in 2015, theUK alone have 12 million households that havepets.
![Page 9: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/9.jpg)
• The pet population stands out to be 58 million.
The pets market does not stop here itself rather it starts at this point-
• Research by Capital One revealed that almost90% of people spend up to £50 on extravagantpresents for their pets.
• Britain is a nation of animal lovers and they splashout nearly £6bn a year on their pets.
![Page 10: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/10.jpg)
• Even people spent a lot on pampering their petsas the pet grooming market of the UK aloneaccounts for £2.5bn.
• Health is the foremost thing which must beconsidered when you are talking about pets. Theamount the British spend on pets hygiene isgrowing rapidly and is predicted to grow to£380m by 2017, according to Pets at Home.
![Page 11: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/11.jpg)
Marketing Plan
It is essential for any business to have a provedMarketing Plan for it to achieve heights. Withrapidly increasing competition, it becamenecessarily important to indulge new and savvymarketing tactics in this business to attractmore and more clients.
![Page 12: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/12.jpg)
Marketing Channels you can use to gain theattention of your customer demographics-
Paid marketing:• Pet Shows• Brochures/Flyers• Car Signs• Referral Schemes
Organic Marketing:• Social Media• Content Marketing• E-Mail Marketing• Web Blogger
![Page 13: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/13.jpg)
Strength
Pet Friendly Store
Diversified Product range
Affluent Customer Base
Weakness
Steep Prices
Lacks Brand Identity
Opportunity
Pets Ownership
Hispanic population
Willingness to pay
Threat
Decline in Children Household
SWOT Analysis
![Page 14: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/14.jpg)
Financial Management
This section is used to forecast the netincome, sales and expenses of your e-commerce business. You should create amonthly excel schedule for the following-
•Projected revenue
•Fixed expenses
•Variable expenses
![Page 15: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/15.jpg)
You must answer the following questions about
your service offering:
•How much product do you need to sell per year
to meet your income goals for the business?
•What are the margins on your product?
•What is the lifetime value of a customer?
![Page 16: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/16.jpg)
•How much can you spend to acquire customers?
•Do you have any big capital expenditures early
on that would require you to need to bring in
investors?
•Can you improve gross margins by making bigger
orders from your suppliers?
![Page 17: PET BUSINESS PLAN](https://reader031.vdocuments.net/reader031/viewer/2022030213/589d9df71a28abfb3d8b60ff/html5/thumbnails/17.jpg)
GET YOUR COPY OF PLAN TODAY!!
Visit us at- www.infocrest.in
Email us at- [email protected]
Contact us at- +91- 7314080232
Visit us at Facebookhttps://www.facebook.com/InfocrestFinweb