today m going into the bank to apply for a loan or business loan or whatever.

my business involves massproducing all kinds of art, teaching people about waking up and equality and homeless people not having food and toiletrool in 2018 while other useless people have numerous cars, laptops, phones, microwaves and washingmachines. I will be operating as a kind of charity handing out money for homeless people because you know they are just left to die. here is my business plan.

no reason not to invest or give business loan, products worth money already made. just need latest technology to massproduce stuff for cheap to sell for cheap and make money.

Business name:

iwb art

Owner/Partners/Directors Name: (Delete as appropriate)

ifan Wyn Beasley

Business address:

(Home address if different from above)

3topsecret evergreen terrace, springfield, the simpsons dome

Bangor,

Gwynedd,

LL57

Phone numbers:

Landline –

Mobile – 077777777777777777777777777777

Email address:

ifan.w.beasley@gmail.com

This business plan has been created with the intention of applying for a Start Up Loan/Grant Funding/Bank loan (delete or amend as appropriate)

Executive Summary:

(Write down a brief summary of what the business will be, what you will be selling, where it will be sold and a background to the idea. Aim to write about a paragraph)

My business will be making and selling the best quality handmade art including real handmade lovespoons, hand carved from hardwoods such as oak, yew, apple, cherry, walnut and softer woods such as lime and mahogany to make them quicker and cheaper to sell, hand made pottery,-pots, pipes... handmade paintings, jewelry, cast metals,- brass, silver, bronze, gold maybe, wooden and metal cast sculptures, garden sculpture, ashtrays,

Owner/Director/Partner details: (Delete as appropriate)

(If a Director / Partner % of company to be owned)

(Treat this like a C.V, if you have a C.V you can extract all the information you need for this section from it)

Name:

Address:

Contact details:

Opening statement:

(This is where you write about yourself, your skills and why you would make a good entrepreneur)

Qualifications/training:

(Bullet point relevant information here)

2 years art and design NVQ level 2, 1 year access course,

painting and decorating NVQ level 2 including marble and graining painting effects.

Previous experience:

(Bullet point previous work experience including any relevant duties you undertook or skills you gained and when you worked there)

I have been making hand made lovespoons for around 7 years, sold my spoons to many countries including America, korea, everywhere rally. I have supplied some galleries including a lovespoon gallery in Mumbles, Swansea - The lovespoon Gallery at Mumbles and shown work in a gallery in Bangor Gwynedd.

I have also had work experience with another professional lovespoon carver, Llew Tuddur.

I have also been using NEXGEN precision casting for my metal casting sculptures or jewlery

Product or Service:

(Describe the product or service you will be selling in detail. For example, if you are offering a service like plumbing you should describe everything you will be offering your customers like 24 call out or boiler servicing or if you are planning on opening a retail shop you should describe everything you intend to sell in the shop. Also write about why your customers will buy from you and not your competitors – write 1-2 paragraphs

(Describe where you intend to sell the product or service; such as the geographical area you will cover, whether it’s an online shop or a physical premises. Are you going to be selling business to customer (B2C) or business to business (B2B). Also explain how you will sell it, will it be cash on receipt, will you offer 30 days terms or use an online payment system)

(Explain your pricing structure – how are you going to decide how much you will charge your customers for your product or service. This is important and should reflect what is written in your cashflow projections)

I will be selling all kinds of handmade art including handmade lovespoons, ceramic pots, pipes, ashtrays, jewelry, metal and wood sculptures, garden sculptures, hand made paintings and all kind of art. I will be using Nexgen casting company or any other casting companies for my metal castings. each product I produce will be unique and handmade. the reason people should buy my lovespoons is because mine rally are handmade and unique where as virtually every other lovespoon company print them off hundreds or thousands at a time with machines and lie about them being handmade. I will be pricing every item individually based on their uniqueness and location of selling for example I will most probably raise prices if I sell to London compared to wales or that kind of thing. I hope to expand to art galleries all over uk, and will be selling world wide via the internet and starting an online shop. I will also be targeting jewelry stores with my metal castings, jewelry, rings, ear rings and all kinds of jewelry.

Market Research:

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My target audience – (who are you going to be aiming your product or service at? Are they the end user? What are their specific demographics? Where do they usually buy?)

I will be targeting every household on the planet with my art, I expect they will be buying online, at galleries where they will be exhibiting, shops, or jewelry stores.

Potential customers – (Have you already made any sales to date? Do you have support from the local community or people waiting to buy your product?)

I have people waiting to buy products, if I had tools I could make them way quicker and cheaper to sell to target more people. I have supplied galleries and my art have been sold to a few different countries around the world.

The market size – (How big is the market you are looking to tap into? Is there a gap in the market? Is it an existing market or a new product/service? How many people are likely to buy from you and how often?)

the market is worldwide, I will be targeting every household with my art, pipes, paintings, everything. lovespoons are also traditionally targeted for weddings but now targeting all kinds of occasions such as birthdays.

Desk/field research – (write here your findings from any desk or field research you have carried out, you can include the research itself in the appendices)

I have previously supplied the lovespoon gallery in mumbles- http://www.welshlovespoon.com/about-us-cms-22.html

I hope to expand to e erywhere.

there are a few other lovespoons artists such as mike davies I will be in competition with.- https://www.mike-lovespoons.co.uk/originals-gallery/529427_vines-in-relief.html

(In essence why do you think there is a market for your product or service)

there is a market for my products because I have unlimited ideas of hand made art and have also sold a few pieces of works already suckh as pipes and lovespoons and rings. people are allways looking for gifts, i'd like a poan to buy tools and make them cheaper to attract more customers.

Competitor analysis: (Identify key competitors and compare below)

Name + location

Price range

Strengths

Weaknesses

How will you compete?

1.Mike Davies

swansea

24.99-5,750pounds

wide range of spoons, good name

some prices maybe

better designs, cheaper prices, more choices not just spoons, pottery, metal castings everything

2.

3.

Swot analysis:

(Write a few bullet points for each of the following heading relating to your new business. As an example a Strength could be that you already have 10 years’ experience in the particular business you are setting up or an opportunity could be for you to develop your product in future into add on products)

Strengths - been carving hand made stuff for many years,

Weaknesses -

lack of room and tools to make things quicker and easier that is why I need the loans

Opportunities -

could be selling my stuff everywhere

Threats -

Marketing Strategy:

Where I will market my product/service:

(Explain the different types of advertising you will use here. It helps to think about your target audience and then think about where they usually get their information from, such as Facebook, Google searches or the newspaper)

online advertising is quick and easy, copy and paste a web link to an online shop in comments sections on youtube for example is free and reaches people worldwide

How I will market my product/service:

(Describe how you will use these different advertising outlets to reach your customers. For example, if you are going to use Facebook, do you plan on setting up a business page, using paid for adverts or simply listing your products on a Facebook group that your target audience may be interested in)

start a web page, approach more galleries and jewelry stores.

Associated costs:

(List how much you will be spending on marketing activity, both to set up and ongoing costs throughout the year. Make sure this is reflected in your cashflow too)

tools a few hundred pounds, no advertising costs,

Objectives and aims:

(Use bullet points to set specific and realistically achievable aims for your business during the following time frames. Examples of your objectives could be to increase your turnover by a certain amount, take on an employee or introduce a new product or service)

Year 1:

expected turnover, 20,000pounds,

Year 2-3:

40,000pounds

Year 4 +:

40,000pounds

Exit strategy:

(What is the end purpose of the business? Do you intend to sell it on, build it up and pass it onto another family member or simply cease trading once and close the business when you no longer wish to work in it)

I intend on keeping my business.

Operational:

Location:

(Where will the business be based, what type of premises is this, is there a lease agreement in place or is planning permission/change of use required)

If the property is to be leased a copy of the “Heads of Terms” will be required

Legal requirements:

(List all legal requirements for setting up the business. Consider things like public and employer’s liability insurance, other insurances, mandatory qualifications, licensing, HMRC registration and VAT if applicable. You should also state if you have obtained them or if you need to)

Financial:

Start up costs:

Already purchased Cost

To be purchased Cost

· tremmels 100pounds

bansaws 500pounds

chisels 200pounds

(Using bullet points list all equipment already owned that will be used by the company and then do the same for equipment and other start up costs like insurance and promotional material you need to purchase in order to start the company. You should include the costs of these purchases and a total figure for those you already own and those you are purchasing – remember if you are applying for a Start Up loan you will also need estimates / quotes for any single capital purchase over £999 that is being bought with the loan)

Funding:

(Provide a break down here of where the funding will be coming from, detail the separate amounts for each source of funding and make sure they reflect your cashflow. Sources of finance could be your own personal savings, a Start Up loan, a bank or family loan or a grant for example)

• Own Contribution £1,000pounds

• Startup Loan £

Cashflow assumptions:

(Explain here how you worked out the figures in your cashflow with particular emphasis on the Sales figures. Include things like seasonal variation, actual working times, sales progression due to starting up and known market trends)

actual working time of 40 hours per week

Contingency Plan:

(Consider how you will continue to repay any finance you have taken out or earn a living if the business fails or doesn’t meet the anticipated profit levels. Think about additional income for a partner for example or guaranteed work you can fall back on)

Appendices:

(Include any supporting evidence such as quotes or market research evidence if you feel relevant to your plan)