Charles Crawford reports:
"Impress your reader with an executive summary that stresses your expertise as a dog groomer and your seriousness as a business owner. This section should contain the most important information about your business – what you believe will positively influence the reader. Include your strongest selling points. Write this section last – to ensure that you do not miss anything important – but place it first in your finished plan. Describe your business. Tell how it works and how it is organized legally. Give the reader a useful summary of the working facilities, the available square footage, your main items of equipment and the tools that you and your staff use to groom dogs. Tell the reader how you use the physical plant to accommodate the dogs in your care. Tell what you have to do to comply with sanitation and other regulations. Describe the coverage of your business insurance. Discuss your staff and outline the duties of each employee. Tell the reader about your services. If your dog grooming is limited to hygienic care and cleaning of the dogs’ skin, fur, nails and teeth, describe what you do in typical grooming sessions. If you are involved in enhancing dogs’ appearance for shows, write about that. Tell the reader what kind of grooming products you use and what choices customers have. Tell the reader how you market your company’s services. Discuss the demand for dog grooming in your market area and identify your main competitors. If you advertise in newspapers and local television, give a summary of your program. If you have business relationships with local veterinarians and owners of pet stores, mention them as potential sources of referrals. Include a current company financial statement showing your balance sheet, income statement and cash flow statement, along with a projection of the financial statement for the next three years. Show monthly figures for the first year and annual figures for years two and three. This section is particularly important if you will be seeking financing from outside sources such as a bank or an investor. Even if you decide not to seek outside funds, it will be useful for your ongoing business planning to be able to compare actual results against projections. Place your biographical summary in the last section. Emphasize your qualifications to run this business successfully. Include information about key staff members and highlight any certifications or special training in animal care...Contact your state’s secretary of state to establish your company’s legal structure and to learn about the requirement for a business license and a seller's permit. You will need the latter if you plan to sell products. Contact the Internal Revenue Service to obtain an employer’s identification number (EIN). The EIN is not necessary for proprietors; your Social Security number will suffice. Work closely with your accountants in creating the financial projections...Check to see if you are allergic to any products that are normally used in dog grooming." Hogan Injury reports:
"As an employee, we are expected to perform at our best and gain profit for the company that we are working for. In return, our employers are required to compensate us with our salaries and benefits; however, aside from these straightforward responsibilities of our employers, we are also entitled to 'workers’ compensation'. 'Workers’ compensation' pertains to a set of laws that outline specific compensations which an injured employee is entitled to claim. Workers’ compensation laws are found on each state’s statutes and have variations for each state[;] aside from this, there are also...workers’ compensation laws specifically written for industries such as the railroad industry since their employees face a different set of workplace hazard[s]. Although there may be differences for each state’s workers’ compensation laws, [the] majority of the states require that all businesses must have some form of workers’ compensation insurance to cover injured employees. Here are things that you should know as an employee to successfully file a workers’ compensation claim if you suffered an injury or damage during a workplace accident: 1. Every employee is expected to act in a responsible manner inside the workplace. – You are not entitled to a claim if you were injured while violating a rule or regulation which specifically forbids you from participating in the activity that caused your injury. Your claim would also be invalidated if you were intoxicated or under the influence of illegal drugs when the workplace accident took place, or if you were injured while committing a crime inside your workplace. 2. It is your responsibility to report the injury. – If a workplace accident occurs and you are injured, make sure to report it to your employer or direct supervisor immediately. Your employer would then need to fill out a form, sometimes called 'First Report of Injury'. Make sure that your employer fills this form, review it to be sure of its accuracy, and request a copy for yourself. 3. Keep all records of the accident and your injury. – Aside from the 'First Report of Injury', other documents pertaining to the accident should be kept and guarded for future reference and need. Documents like doctor’s records and forms you might receive from your employer’s workers’ compensation carrier should always be available to you. 4. Cooperate with your employer’s workers’ compensation carrier. – Depending on the insurance provider of your employer, you may need to undergo examination from a doctor of their choosing. This process is called 'Independent Medical Examination' or IME and is often used by insurance companies to make sure that all your reported injuries and its severity are true. It may raise suspicions if you refuse to agree to an examination. 5. Get help when handling your claim. – Although a lawyer is not required when filing a workers’ compensation claim, consulting with an experienced lawyer on the subject may prove useful. Workers’ compensation claims often involve a lot of benefit computation and an expert may be able to help you compute for what you deserve and guide you through the workers’ compensation laws of your state." Brian Hill reports:
"Golf clubs, both public and private, are part of the leisure and recreation industry. Success depends on maintaining the high level of customer service expected by golfers. Customer retention is critical to a golf club’s bottom line...You want your customers to play more often and spend more money each time they visit. A golf club’s revenue streams include green fees or membership dues, golf cart rentals, fees for golf instruction, equipment and clothing sales, and food and beverage sales...Review past performance. Analyze the previous year’s financial results, and determine which revenue streams met or exceeded a forecast and which fell short of the plan. Analyze the reasons for either outcome. Take a critical look at the overall quality of your service offering. You may find that the course itself needs updating or upgrading to compete with newer facilities...Evaluate the competition. Have staff members visit your major competitors’ facilities to compare their total service offering to your own, including the quality of the facilities, customer service and the prices charged. Determine what your competitors are doing well and where you have a definite competitive advantage...Analyze golf industry trends, and trends in the local economy. Obtain National Golf Foundation data on current trends in the golf industry. Forecast whether the number of golfers in your area is likely to increase. Look at the economic conditions in your local area and how that will affect the growth of your customer base...Set departmental goals. Make them aggressive but realistic. You may decide to emphasize increasing the course’s occupancy during weekdays when play is normally light. Or you might set a goal of increasing clothing sales in the pro shop by 25 percent...Tie the goals to strategies...To increase the number of new customers, obtain press coverage about the course's beauty and challenge...Create a profit and loss statement forecast. Take your revenue goals and convert them into a forecast for each business segment. Forecast the expenses necessary to attain these goals. Add the departmental plans together into a consolidated plan...Review and modify the plan. Check the plan for reasonableness and make adjustments. Scale back revenue assumptions that are too aggressive. Make sure your marketing budget is sufficient to generate the increases in customers you have forecast...Make it an ongoing process to obtain feedback from customers, and take note when they say something disappointed them about your facility. You may find their chief complaint is something you hadn’t thought of, such as the condition of the golf carts. Keep the restaurant menu simple to keep food costs low. Golfers are looking for reasonably priced, good quality food but not necessarily a large menu of gourmet fare...Chronic slow play has a serious negative impact on potential revenues because you can’t get as many players around the course per day. Provide tips and reminders to players prior to their tee-off times about ways to speed up play and be more courteous to the players behind them." |
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May 2024
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