Contemporary Ti Design's mission is to make innovative pieces of art in jewely form out of titanium. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall in to place. Our services will exceed the expectations of our customers. Start your plan now No, thanks. All the features of Business Plan Pro, in an easy to use online app!
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Introduction Contemporary Ti Design is a designer and manufacturer of unique titanium jewelry. The utilization of Contemporary's designs in at least 40 different galleries. Competition for Contemporary Ti takes the following forms: Artists creating designs that are then manufactured on a large scale and distributed nationally. Companies that has their own designers in-house.
In this case everything is done in-house, design, marketing and wholesaling. Artists such as Steve who design and make all of the pieces themselves, and then do the wholesaling or retailing themselves.
Financial Considerations Contemporary Ti will be completely financed by equity capital provided by Steve Artificer. Likewise, some people may choose to aim for an expansive operation from the get go, while others will choose to build their businesses bit by bit along the way.
This investment supplied his company with their first custom made watches. Carmella Ricciardelli, co-founder of the steampunk jewelry business Mama Can't Sing , started her business in Brooklyn in with nothing.
Ricciardelli, previously a homemaker, says that she grew her inventory of jewelry built with watch parts and antique typewriter keys by frequenting tag and estate sales. From the jewelry that she sells at the Brooklyn Flea , she reinvests the profits to replenish her inventory.
During their first three years in business, the Doyle's were operating as dealers, not yet selling to private parties. Even after the store started, I had a second job for three years," says Doyle. We rolled everything back into the business. In addition to these expenses, along with the possibility of employing additional help, jewelry sellers also need to have a budget and plan in place for the costs and travel associated with manufacturing the product itself.
However, that expense in and of itself can make or break your profit margin. Due to the high costs of manufacturing inside the United States, many jewelry companies, even smaller operations, choose to utilize foreign labor.
But, the use of that labor begets travel expenses and a time commitment that may or may not be beneficial to your business in the long run. Ecowrist is currently produced out of two facilities in South America. With respect to production costs, Gandy says that the cost of producing Ecowrist overseas is probably " percent less" than it would be back home.
Although manufacturing costs are undoubtedly cheaper at the South American facility that the company uses, traveling to monitor the production process, which averages around once every other month for up to a week at a time, incurs hefty travel expenses. As a result, Gandy and Hamden are looking to bring Ecowrist's production back to the U. Delgado, a native of Peru, handles her manufacturing operations in her home country.
Eleven years later, she closed her doors for good. People were really, really struggling, trying to make ends meet," she says. Since then, she has chosen to focus her attention on selling at outdoor markets and jazz festivals.
She is currently based out of New York City and continues to supply businesses in Philadelphia with her products. The cost of renting a space, especially in New York, is outrageous," she says. While a brick and mortar institution is undoubtedly more expensive, markets and fairs carry their own respective price tags. Delgado says that at certain markets the location of your booth depends on how much you will have to pay, if your application is even accepted at all.
Sometimes you can't even be allowed a space because it's like, 'we don't have [anymore] space for jewelry. Delgado has chosen not to open a store for Mujus. She intends to create an enterprise based on selling at fairs while focusing on catering to the wholesale market.
Doyle, who has maintained her store for 10 years in one of Manhattan's most expensive real estate districts, cautions entrepreneurs about opening a store outright in today's economy. The rent is a huge fixed expense.
You have to learn what your market is, which you don't necesarily just know," she says. Doyle partially credits the success of her storefront to the fact that rents were cheaper when she first opened her doors, and that the cost of gold was less than half of its current going rate. In absence of a storefront, having a strong online presence becomes essential for entrepreneurs. Mujus's website is currently under construction due to Delgado's desire to craft a unique online image.
Contemporary Ti Design custom jewelry business plan executive summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry/5(77).
Contemporary Ti Design custom jewelry business plan company summary. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry/5(77).
ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry. Edit this custom jewelry business plan business plan to fit your business. Jewelry Business Plan: Don't be intimidated! Use our easy worksheet to prep for writing your business plan.
Custom Jewelry Business Plan Contemporary Ti Design Executive Summary Introduction Contemporary Ti Design is a designer and manufacturer of unique titanium jewelry. Jewelry Business Plan. Write custom "Executive Summary" based upon the information contained in the various sections of the business plan. This document should be custom two to three page summary of the key information in the plan and utilize engaging language that will entice the reader to delve business into the business plan.