Fashion CompanionFashion Companion

Natalie PetersonNatalie Peterson

What It Does For What It Does For YouYou

• Fashion Fashion adviceadvice

• Saving timeSaving time• Stress ReliefStress Relief• ConfidenceConfidence

Mission StatementMission Statement

• At Fashion At Fashion Companion my Companion my mission is to blend mission is to blend my attributes into a my attributes into a professional shopping professional shopping service aimed at the service aimed at the consumer with the consumer with the goal of satisfying goal of satisfying their clothing desirestheir clothing desires

My QualificationsMy Qualifications• I am currently working at a I am currently working at a

clothing store and receive high clothing store and receive high satisfaction customer reviewssatisfaction customer reviews

• I like to put together colors that I like to put together colors that compliment each othercompliment each other

• I enjoy choosing and configuring I enjoy choosing and configuring outfitsoutfits

ClienteleClienteleMarket segment-Market segment- women all women all

ages seeking outfit suggestionsages seeking outfit suggestions

Target customer-Target customer-• Women who need to Women who need to

save time save time • Women who don’t Women who don’t

like shoppinglike shopping

• Will travel the Michiana areaWill travel the Michiana area

Competitive Competitive advantageadvantage

• No hassleNo hassle• EfficiencyEfficiency• Flexibility scheduling Flexibility scheduling • One on one devotionOne on one devotion

AdvertisingAdvertising

• FlyersFlyers• Word of mouthWord of mouth

Philanthropy PlanPhilanthropy Plan

•The Center For The Homeless has safely housed over 44,000 men, women and children. They provide life-changing services to break the cycle of homelessness.

• 10% of my profit will go towards The Center For The Homeless

Monthly Fixed Monthly Fixed CostsCosts

Type of CostType of Cost CostCost

PhilanthropyPhilanthropy $10$10

Total fixed costsTotal fixed costs $10$10

Monthly Variable Monthly Variable CostsCosts Type Of CostType Of Cost CostCost

Gas (20 Gas (20 mi./customer)mi./customer)

$10$10

Total Variable CostsTotal Variable Costs $10$10

Economics

Definition of one unitDefinition of one unit One CustomerOne Customer

Selling price per unitSelling price per unit $25/ 2 hours; $6/ extra $25/ 2 hours; $6/ extra hourhour

GasGas $2$2

PhilanthropyPhilanthropy $2$2

Gross profit per unitGross profit per unit $21$21

Start up CostStart up Cost

• CarCar• Cell PhoneCell Phone• FlyersFlyers

Monthly Sales Monthly Sales ProjectionProjection

MonthMonth UniUnits ts soldsold

JanuaryJanuary 55

FebruaryFebruary 55

MarchMarch 88

AprilApril 55

MayMay 88

JuneJune 77

JulyJuly 55

AugustAugust 88

SeptembSeptemberer

55

OctoberOctober 55

NovembeNovemberr

88

DecembeDecemberr

88

TOTALTOTAL 7777 0 2 4 6 8

December

October

August

June

April

February

Projected Yearly Projected Yearly Income StatementIncome Statement

Selling Price Per UnitSelling Price Per Unit $25 , $25 , $6/extra hour$6/extra hour

Number Of Units SoldNumber Of Units Sold 7777

Total SalesTotal Sales $1,925$1,925

Fixed CostsFixed Costs $190$190

Variable CostsVariable Costs $120$120

Profit Before TaxesProfit Before Taxes $1,615$1,615

Taxes estimated 10%Taxes estimated 10% $161.5$161.5

Net ProfitNet Profit $1,453.5$1,453.5

My Money My Money ManagementManagement

• Business checking Business checking accountaccount

• Cash or checkCash or check

PropertyProperty

• A trademark costs $150

Business GoalsBusiness Goals

Short term:Short term: I would like to meet I would like to meet and keep regular customers and and keep regular customers and satisfy their needs for their satisfy their needs for their wardrobewardrobe

Long termLong term: Move my business to a : Move my business to a larger city so I can increase my larger city so I can increase my services and accommodate menservices and accommodate men

Educational GoalsEducational Goals

Short term:Short term: graduate from high graduate from high school school and go to college at and go to college at IU IU BloomingtonBloomington

Long term:Long term: Study business and Study business and marketing and graduate with a marketing and graduate with a

degree in my fielddegree in my field

Here to make looking great Here to make looking great easier!easier!

Thank you for yourThank you for your consideration ofconsideration of

Fashion CompanionFashion Companion