How to Start a School Supply Store

Students across the world require a wide array of school supplies. From binders to book covers, pens, pencils, and rulers, school supply store businesses provide students with the supplies they need to be academic superstars.

Learn how to start your own School Supply Store and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

School Supply Store Image

Start a school supply store by following these 10 steps:

  • Plan your School Supply Store
  • Form your School Supply Store into a Legal Entity
  • Register your School Supply Store for Taxes
  • Open a Business Bank Account & Credit Card
  • Set up Accounting for your School Supply Store
  • Get the Necessary Permits & Licenses for your School Supply Store
  • Get School Supply Store Insurance
  • Define your School Supply Store Brand
  • Create your School Supply Store Website
  • Set up your Business Phone System

We have put together this simple guide to starting your school supply store. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

  • What are the startup and ongoing costs?
  • Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our School Supply Store Name Generator

If you operate a sole proprietorship , you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name , we recommend researching your business name by checking:

  • Your state's business records
  • Federal and state trademark records
  • Social media platforms
  • Web domain availability .

It's very important to secure your domain name before someone else does.

Want some help naming your school supply store?

Business name generator, what are the costs involved in opening a school supply store.

A store space must be rented or purchased. Alternatively, you can launch the business online in the form of a website. If you take the online route, you must pay for the domain name and website maintenance. School supplies ranging from staplers to paper, book covers, pencils, pens, markers, binders and beyond are necessary. Budget money for marketing along with a website, point-of-sale systems, retail display fixtures, inventory tracking software, a business license/permit, insurance, and labor. A handful of laborers will be necessary at the company's launch. Laborers include cashiers and those who stock the shelves. You can add more people to the payroll as the business grows.

What are the ongoing expenses for a school supply store?

Ongoing expenses include store rent, employee wages, supplies, insurance, utilities, high-speed internet and marketing. If you opt to rent your store rather than purchase the site where it will operate, you will likely spend between $700 and $1,500 or more per month in rent. The exact figure hinges on the location of your store and its size. Most employees will earn $8 to $12 per hour. If you hire a marketing professional, store manager or accountant, they will earn a salary in the range of $30,000 to $50,000 or more. The cost of supplies hinges on the size of your store and the number of customers you attract. Budget at least a thousand dollars per month for supplies and adjust the figure accordingly as time progresses. Budget at least a couple hundred dollars per month for utilities including high-speed internet. Allocate at least $200 or more per month for marketing efforts.

Who is the target market?

The preferred client is a parent with multiple school-age youngsters. In some instances, teachers shop for classroom supplies on their own. Both of these customer types are inclined to spend a significant amount of money at your school supply store business.

How does a school supply store make money?

The business makes money by selling school supplies to students, parents of students, teachers, and schools.

Your school supplies will sell at a wide range of prices. Something as simple as a bookmark will sell for as little as fifty cents. A fancy binder portfolio will cost upwards of $30. However, most school supplies fall in the price range of a couple dollars to $10.

How much profit can a school supply store make?

A school supply store has the potential to earn a profit of $20,000 to $50,000 or more in the first year. Grow the business, add another location, and profits can double in the ensuing year(s). Develop the business across the region and it is possible to earn hundreds of thousands of dollars or even a profit in the million dollar range.

How can you make your business more profitable?

You can branch out by selling academic texts, backpacks and toys like fidget spinners. Consider offering sales through your website. Customers can either pick up their online orders in-person at the brick-and-mortar location or you can deliver the items to the local purchaser. You can also try to sell office supplies along with holiday and party items to keep your store busy during the months in which school is not in session.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your school supply store is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

  • Separates your personal assets from your company's assets, which is necessary for personal asset protection.
  • Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

  • Separate personal and business expenses by putting your business' expenses all in one place.
  • Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate a school supply store. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits .

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses .

Certificate of Occupancy

A school supply store is generally run out of a storefront. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO).  A CO confirms that all building codes, zoning laws and government regulations have been met.

  • If you plan to lease a location :
  • It is generally the landlord’s responsibility to obtain a CO.
  • Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a school supply store.
  • After a major renovation, a new CO often needs to be issued. If your place of business will be renovated before opening, it is recommended to include language in your lease agreement stating that lease payments will not commence until a valid CO is issued.
  • If you plan to purchase or build a location :
  • You will be responsible for obtaining a valid CO from a local government authority.
  • Review all building codes and zoning requirements for your business’ location to ensure your school supply store will be in compliance and able to obtain a CO.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

FInd out what types of insurance your School Supply Store needs and how much it will cost you by reading our guide Business Insurance for School Supply Store.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a school supply store

Market your school supply store across an array of mediums. Advertise in the local paper and on local radio. It is also advisable to build a highly polished, easy-to-use website that appeals to youngsters, parents, and teachers alike. Optimize all of your online content for search engines (SEO). This means the website should be laden with keywords and key phrases pertaining to your locale, your inventory, and your customers. The website should also feature a regularly updated blog and links to your social media accounts. Update your social media accounts several times per week with information about sales, new inventory, special offers, and links to information that relates to academics.

How to keep customers coming back

The best way to attract customers is to position the business by several schools, universities, malls, and other businesses/organizations that attract youngsters. If your store is located far away from prospective customers, it will prove awfully difficult to attract a steady stream of business. Once you pinpoint the perfect location, get your name out there through a wide-ranging marketing push. Advertise in the local paper, on local radio, in flyers, on billboards, and on the web. In terms of retaining customers, make sure your inventory is high-quality and your prices are competitive with other local school supplies stores. Make sure you have a wide array of supplies that appeal to grade school students, junior high school students, and university students.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

  • All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
  • Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
  • Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2024 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

TRUiC's Startup Podcast

Welcome to the Startup Savant podcast , where we interview real startup founders at every stage of the entrepreneurial journey, from launch to scale.

Is this Business Right For You?

This business is ideal for an individual who has a passion for academics and youngsters. There is plenty of money to be made by selling school supplies. Yet this business also plays an important role in the community as it provides students with the materials they need to learn and grow.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a school supply store?

A school supply store business owner does everything from researching supplies to ordering supplies, pricing inventory, positioning inventory for sale, delegating duties to employees, handling payroll, and marketing the business.

What are some skills and experiences that will help you build a successful school supply store?

Keep your finger on the pulse of the local academic community. Interact with students, teachers, parents of students and distributors to stay on top of school supplies trends. Establish relationships with teachers who can steer students and their families to your store. It will also help to be a marketing guru. A substantial portion of your success hinges on your ability to market the school supply store business to those who need school supplies.

What is the growth potential for a school supply store?

This business has the potential to expand to new locations across the city in which it launches. It is even possible for the business to grow across the region and even the nation.

TRUiC's YouTube Channel

For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a school supply store?

Take some time to figure out how you can offer value that separates you from the competing school supplies businesses. Perhaps you can establish alliances with local schools and teachers that lead to significant sales. Maybe you can connect with vendors that sell trendy school supplies that students demand. Do not stop interacting with potential suppliers, customers and business partners. The growth of these relationships will help you procure low-cost supplies, ramp up sales and develop a loyal customer base.

How and when to build a team

A team is necessary right off the bat. You can't do it all on your own. Bring people aboard to man the cash registers, stock the shelves and answer the phone. You can handle accounting, marketing, inventory ordering, and administrative duties in the initial months. However, an accountant and a marketing professional will be necessary as time progresses. If your store succeeds, you might become too busy to handle store management duties. Bring on a store manager so you can focus on executive level duties.

Useful Links

Industry opportunities.

  • The School Place Franchise opportunity
  • Education Market Association
  • National Education Association

Real World Examples

  • Successful chain
  • Chicago business
  • NYC business

Further Reading

  • Tips For Starting a Teacher Store
  • A Guide to School Stores

Have a Question? Leave a Comment!

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ProfitableVenture

Stationery Shop and Office Supplies Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Retail Industry » Stationery Shop

Are you about starting a stationery shop? If YES, here is a complete sample stationery shop & office supplies business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a stationery shop . We also took it further by analyzing and drafting a sample stationery shop marketing plan template backed up by actionable guerrilla marketing ideas for stationery shops. So let’s proceed to the business planning section .

Starting a business comes cheap to some people, whilst to other people it is a herculean task. If you fall amongst the latter and you truly want to become your own boss, then one of the many businesses that you can launch with little stress is a stationery shop and office supplies business.

Simply put, a stationery store and office supplies business is a place where books, magazines, newspapers, text books, writing pads, greeting cards/postcards and stationery are retailed. Some book stores even go ahead to secure license to operate a mobile money center or a money transfer center.

Starting a stationery shop and office supplies business is just like starting any other retailing business; it will require startup capital, planning (feasibility studies, market survey, budgeting), and of course time. Stationery store and office supplies businesses have become an essential part of our world.

The items that are sold in stationery stores are in demand all over the world, making them a good and profitable business to start. If you are considering starting this type of business, then you must hunt for the right location, especially in a school cum office environment; a location with the right demographic composition.

With the right location, items in stock, and good pricing structure, you can start making profit as soon as possible after opening your stationery store and office supplies business. Below is a sample stationery shop and office supplies business plan template that will help you successfully write yours without much stress.

A Sample Stationery Shop and Office Supplies Business Plan Template

1. industry overview.

The office supply stores industry comprises of stores that predominantly retail stationery, school supplies and office supplies. It is important to note that some stationery stores and office supply business may also sell a combination of new computers, office equipment, furniture and supplies.

IBISWorld estimates that in 2017, 63.8 percent of total industry operators will be non – employing, including family-owned, individual proprietorships and partnerships. This high share of smaller firms within the industry indicates that capital costs of establishing a retail outlet are not substantial relative to other retail industries.

Furthermore, there are no licensing requirements to enter the industry and as such, the Office Supply Stores industry has limited barriers to entry.

However, industry competition and market awareness, while not regarded as formal barriers to entry, can pose a threat to new potential entrants. Currently, the top two players (Office Depot, Staples) are estimated to account for about 80.9 percent of the total revenue.

Research shows the concentration level for the office supply stores industry has wavered over the last 5 years resulting to some businesses in the industry closing shop or creating additional source of income alongside running a stationery store and office supply business.

As the revenue generated in the book industry continues to nosedive over the last 5 years, many small businesses in the industry struggled to remain profitable, and eventually had to consolidate or exit the industry all together. Larger businesses have also struggled to stay in business, as revealed by the 2011 Borders bankruptcy.

The office supply stores industry is indeed a very large industry and pretty much thriving in all parts of the world. Statistics have it that in the united states of America alone, there are about 10,613 legally registered stationery stores and office supply businesses responsible for employing about 72,499 employees and the industry rakes in a whooping sum of $13bn annually.

It is important to state that the industry experienced a – 7.4 percent growth. Office Depot and Staples have the lion share in the USA market, but no single operator has control over the pricing trend, advertising trend, distribution model or customer loyalty et al in the industry.

Over the years, stationery stores and office supply businesses are active in all cities in the United States of America. In response to the ever-growing demand for items sold in stationery stores, players in the industry are now opening additional stores thereby creating chains of stores across different cities.

They are always ready to expanded into new markets and of course adapt to the changing trend in consumer tastes and increase sales.

2. Executive Summary

Olivia & Jason™ Stationery Store, Inc. is a neighborhood stationery store and office supply that will be located in a centralized area in-between a busy educational district and business office district in downtown Phoenix – Arizona. We conducted our feasibility studies and market survey and we came to the conclusion that Phoenix – Arizona is the right location for us to launch our stationery shop and office supply business.

We are in the stationery store and office supply business to make profits and at the same to give our customers value for their money. We want to give people who patronize our stationery store and office supply business the opportunity to choose from a wide range of office supplies and stationery.

We will engage in retailing office supplies, stationery, books (including e-books), newspapers, magazines and other periodicals and we will also trade books, religious goods (including books), textbooks and other merchandise. Aside from retailing items, we will secure license to carry out money transfer and mobile money services.

We are aware that there are several small stationery stores and chains of stationery stores all around Phoenix – Arizona, which is why we spent time and resources to conduct our feasibility studies and market survey so as to enable us locate the business in an area that will support the growth of the business and also for us to be able offer much more than our competitors will be offering.

We ensured that our facility is easy to locate and our outlet is well secured and equipped with the various payment of options available in the U.S.

Beyond retailing quality and affordable items in our stationery store, we will ensure that our customer care is second to none in the whole of Phoenix – Arizona. We know that our customers are the reason why we are in business which is why we will go the extra mile to make them satisfied and get what they are looking for whenever they visit our store.

Olivia & Jason™ Stationery Store, Inc. will ensure that all our customers are given first class treatment whenever they visit our store. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the number of our customer base may grow to.

We will ensure that we get our customers are involved in the selection of brands that will be on our racks and also when making some business decisions that will directly or indirectly affect them. Olivia & Jason™ Stationery Store, Inc. is owned by Olivia Jason and her immediate family members.

She has successfully managed several stationery stores and office supply businesses both in Phoenix and New York prior to opening her own stationery store and office supply business. She has a Degree in Business Administration and she will run the business alongside her immediate family members.

3. Our Products and Services

Olivia & Jason™ Stationery Store, Inc. is going to operate a standard and registered neighborhood stationery store and office supply business that will retail a wide range of items from both local and international manufacturers just like any other standard stationery store in the United States.

Aside from retailing items, we will secure a license to carry out money transfer and mobile money services. We are in the office supply stores industry to make profits and give our customers value for their money. These are some of the products that we will retail in our stationery store:

  • Retailing of stationery
  • Office supplies and other related merchandise (Pens – blue, black, red, Highlighter Stationery for small or home office
  • Permanent marker (Texta/Sharpie)
  • Pencil and pencil sharpener
  • Colored pencils, pens and markers
  • Eraser, Correction tape/fluid/Liquid Paper
  • Mechanical pencil and spare leads
  • Plain paper (for printer)
  • Notebooks, ruled paper, binder books,
  • Scrapbook, art book, Ruler, Glue, Sticky tape + dispenser
  • Packing tape + dispenser, Bulldog/Fold back clips
  • Stapler and staples
  • Rubber bands, Paper clips, Hole punch, Drawing pins
  • Plastic pockets, Manila folders, Storage pockets, Arch folders
  • Folder dividers, Hanging files, Filing trays, Sticky labels (e.g. Avery) for addressing or filing, Post-Its/yellow stickies
  • Index cards, Label maker and spare tape, Scissors, Box cutter/utility knife/Stanley knife
  • Guillotine, Calculator, Printer toner, Tissues, Paper towel, Postage stamps
  • Envelopes, Rubber stamps (return address, entered, paid), Laminator and spare pouches
  • USB memory sticks
  • Batteries (for electronic equipment, for wireless keyboard and mouse), Calendar, wall planner, Desk pad
  • Blu-tack /green tack, Wall hooks (e.g. ‘Command’), Whiteboard/dry erase markers, Whiteboard eraser and cleaning fluid et al).

4. Our Mission and Vision Statement

  • Our vision is to establish a one stop stationery and office supply business in Phoenix – Arizona and in other cities in the United States of America where we intend opening chains of stationery stores.
  • Our mission is to establish a stationery store and office supply business that will make available a wide range of office supplies and stationery from top brands at affordable prices to the residents of Phoenix and other cities in the United States of America where we intend opening our outlets and selling our franchise.

Our Business Structure

Olivia & Jason™ Stationery Store, Inc. do not intend to start a mom and pop business around the street corner; our intention of starting a stationery store and office supply business is to build a standard store that will be a one – stop shop for stationery and offices supplies which is why we will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we only hire people who are ready to work to help us build a prosperous business that will benefit all our stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more especially when we start selling our franchise or running chains of stationery stores. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)

Store Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

  • Accountants/Cashiers
  • Store Attendant/Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO (Owner)

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for fixing prices and signing business deals
  • In charge of  providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • In authority of signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Responsible for managing daily activities in the store
  • Ensures that the store facility is in tip top shape and conducive enough to welcome customers
  • Checks stocks; placing and expediting orders; evaluating new products
  • Interfaces with third – party providers (vendors)
  • Controls the sales floor inventory
  • Ensures that goods and products are properly arranged
  • Supervise the entire sales staff and workforce
  • Handle any other duty as assigned by the CEO
  • Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
  • Helps to ensure consistent quality of stationery and office supplies on our rack
  • Responsible for the purchase of stationery for the organization
  • Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Answerable to supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Changes, execute and evaluate new plans for expanding sales
  • Documents all customer contact and information
  • Helps to increase sales and growth for the company
  • Manages the organization website
  • Handles ecommerce aspect of the business
  • Responsible for installing and maintenance of computer software and hardware for the organization
  • Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
  • Manages the organization’s CCTV
  • Handles any other technological and IT related duties.

Accountant/Cashier

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • In charge of financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Store Attendant/Client Service Executive

  • Ensures that all contacts with customers provide the clients with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the store manager in an effective and timely manner
  • Consistently stays abreast of any new information on products, promotional campaigns etc. to ensure accurate and helpful information is supplied to our customers when they make enquiries
  • Responsible for cleaning the store at all times
  • Ensures that toiletries and supplies don’t run out of stock
  • Cleans both the interior and exterior of the store facility
  • Handles any other duty as assigned by the store manager

6. SWOT Analysis

Our intention of starting just one outlet of our stationery store in Phoenix – Arizona is to test run the business for a period of 2 to 4 years to know if we will invest more money, expand the business and then open other stores all over Arizona and perhaps also sell franchise.

We are quite aware that there are several stationery stores all over Phoenix – Arizona and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Olivia & Jason™ Stationery Store, Inc. employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Olivia & Jason™ Stationery Store, Inc.

Our location, the business model we will be operating (one stop physical store and online store), varieties of payment options, wide range of office supplies and stationery from local and international manufacturing brands and our excellent customer service culture will definitely count as a strong strength for Olivia & Jason™ Stationery Store, Inc.

A major weakness that may count against us is the fact that we are a new stationery and office supply business in Phoenix – Arizona and we don’t have the financial capacity to engage in the kind of publicity that we intend giving the business.

  • Opportunities:

The fact that we are going to be operating our stationery store and office supply business in one of the busiest business and school districts with the right demographic composition in Phoenix – Arizona provides us with unlimited opportunities to sell our items to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential customers will be looking for when they visit our store.

We are quite aware that just like any other business, one of the major threats that we are likely going to face is economic downturn. Another threat that may likely confront us is the arrival of a new stationery store in the same location where ours is located or even the arrival of a mall where office supply and stationery are retailed.

7. MARKET ANALYSIS

  • Market Trends

One notable trend in the stationery store and office supply industry is the ever-changing consumer behavior and of course increasing competition from e-commerce and alternative retailers like mass merchandisers et al. This trend is part of what is responsible for the decline in the revenue generated by stationery stores.

Although these trends are forecast to continue over the next 5 years, some stationery stores will benefit from increasing demand for new technologies, such as e-readers.

Beyond every reasonable doubt, the stationery store companies that can successfully flow with the trend and keep up with consumer and technology trends will definitely fare well in the coming years, while the continued decline in physical book sales will keep the overall industry in steady decline.

If you keep tab with stationery store and office supply business, you would have noticed that it is now a common phenomenon for stationery stores to leverage on technology to effectively predict consumer demand patterns and to strategically position their stores to meet their needs; in essence, the use of technology help retailers to maximize supply chain efficiency.

Another common trend in the stationery and office supply stores industry is the pricing system. Asides from having varieties of items in a stationery store, one of the easiest ways for players in this line of business to sell their supplies is to ensure that the prices of their items are a bit lower than what is obtainable elsewhere.

For example, it is common to see office supplies or stationery with prices in this format; $3.99, $99.99 and $199.99 et al as against $4.00, $100 and $200.

8. Our Target Market

When it comes to selling stationery, there is indeed a wide range of available customers, so our target market can’t be restricted to just a group of people, but all those who reside in the locations where we intend opening our stationery stores. One thing is certain, we will ensure that we only retail quality and affordable items in our store.

In view of that, we have positioned our stationery store and office supply business to service offices and the residents of Phoenix – Arizona and every other location where our stationery stores and office supply business will be located all over the United States of America and Canada.

We have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to retail items to the following groups of people;

  • Schools and Students
  • Corporate Executives
  • Business People
  • Government officials

Our Competitive Advantage

Olivia & Jason™ Stationery Store, Inc. is launching a standard stationery store and office supply business that will indeed become the preferred choice for offices in Phoenix – Arizona.

Our stationery store is located in a corner piece property on a busy road directly opposite one of the largest residential estates and office district in Phoenix – Arizona and few meters away from a busy school district. We have enough parking space that can accommodate well over 10 cars per time.

One thing is certain, we will ensure that we have a wide range of quality and affordable items available in our store at all times. It will be difficult for customers to visit our store and not see the items that they are looking for. One of our business goals is to make Olivia & Jason™ Stationery Store, Inc. a one stop stationery store and office supply business.

Our highly experienced and qualified management, customer service culture, online store, various payment options and highly secured facility with enough packing space will also serve as a competitive advantage for us.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Olivia & Jason™ Stationery Store, Inc. is established with the aim of maximizing profits in the office supply stores industry and we are going to go all the way to ensure that we do all it takes to sell a wide range of stationery and office supply related products to a wide range of customers.

Olivia & Jason™ Stationery Store, Inc. will generate income by retailing the following items;

10. Sales Forecast

It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. One thing is common with the stationery store and office supply business, the larger a stationery store, the larger the number of customers that will patronize them.

Although we may not be as large as the biggest stationery stores or retailers in the United States, but we will ensure that within our capacity we will make available a wide range of items from different brands both local and foreign in our store. Below are the sales projections that we were able to come up with for the first three years of operations;

  • First Fiscal Year: $120,000
  • Second Fiscal Year: $250,000
  • Third Fiscal Year: $450,000

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and the arrival of a competitor in the same location as ours within the period stated above. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for Olivia & Jason™ Stationery Store, Inc. we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for offices in Phoenix – Arizona and in every other city where our chains of stationery stores will be opened.

We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have a good understanding of the stationery stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Phoenix – Arizona.

In other to continue to be in business and grow, we must continue to sell the products that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. In summary, Olivia & Jason™ Stationery Store, Inc. will adopt the following sales and marketing approach to win customers over;

  • Introduce our stationery store by sending introductory letters to schools, residents, business owners and organizations in and around Phoenix – Arizona
  • Open our stationery store with a party for people in the community
  • Advertise our business in community based newspapers, local TV and radio stations
  • List our business on yellow pages ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage word of mouth marketing (referrals) from satisfied and loyal customers

11. Publicity and Advertising Strategy

Despite the fact that our store is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our stationery store and office supply business.

Olivia & Jason™ Stationery Store, Inc. has a long-term plan of opening chains of stationery stores in various locations all around the United States of America and Canada which is why we will deliberately build our brand to be well accepted in Phoenix – Arizona before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand to the public. Here are the platforms we intend leveraging on to promote and advertise Olivia & Jason™ Stationery Store, Inc.;

  • Place adverts on both print (community based newspapers and magazines) and electronic media platforms
  • Sponsor relevant community programs
  • Leverage on the internet and social media platforms like Instagram, Facebook, twitter, et al to promote our brand
  • Install our billboards in strategic locations all around Phoenix – Arizona
  • Engage in roadshows from time to time in and around the location of stationery store
  • Distribute our fliers and handbills in target areas in the community where our stationery store is located
  • Position our Flexi Banners at strategic positions in the location where our stationery store is located.
  • Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our organization’s logo

12. Our Pricing Strategy

Pricing is one of the key factors that gives leverage to stationery stores and retailing businesses generally, it is normal for consumers to go to places where they can get items at cheaper rates which is why big player in the stationery stores cum office supply stores industry will attract loads of consumers.

We know we don’t have the capacity to compete with other bigger stationery stores, but we will ensure that the prices of all the items that are available in our stationery store are competitive with what is obtainable amongst stationery stores within our level and in our location.

We are aware that there are office supply contracts from corporate organizations and government agencies, we will ensure that we abide by the rules and pricing model governing the bidding processes for such contracts.

  • Payment Options

The payment policy adopted by Olivia & Jason™ Stationery Store, Inc. is all inclusive because we are quite aware that different customers prefer different payment options but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Olivia & Jason™ Stationery Store, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our products without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

When it comes to starting a stationery store and office supply business, the major areas that you should look towards spending the bulk of your cash is in renting or leasing a standard store facility. Aside from that, you are not expected to spend much except for paying of your employees and the stocking of your store.

These are the key areas where we will spend our startup capital;

  • The total fee for registering the Business in the United States of America – $750
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300
  • Marketing promotion expenses for the grand opening of Olivia & Jason™ Stationery Store, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580
  • The cost for hiring Consultant – $2,500
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400
  • The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600
  • The cost for Shop remodeling (construction of racks and shelves) – $20,000
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits – ( $2,500 )
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for startup inventory – $70,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs – $5,000
  • The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) – $4,000
  • The cost of launching a Website – $600
  • The cost for our opening party – $7,000
  • Miscellaneous – $10,000

We would need an estimate of $250,000 to successfully set up our stationery store and office supply business in Phoenix – Arizona.

Generating Startup Capital for Olivia & Jason™ Stationery Store, Inc.

Olivia & Jason™ Stationery Store, Inc. is a family business that is solely owned and financed by Mrs. Olivia Jason and her immediate family members. They do not intend to welcome any external business partners which is why she has decided to restrict the sourcing of the startup capital to 3 major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the bank

N.B: We have been able to generate about $100,000 ( Personal savings $75,000 and soft loan from family members $25,000 ) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting Olivia & Jason™ Stationery Store, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to sell our office supplies, stationery and other merchandise a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Olivia & Jason™ Stationery Store, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our organizations’ corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of facility and remodeling the store: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging and Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party planning: In Progress
  • Compilation of list of products that will be available in our store: Completed
  • Establishing business relationship with wholesale suppliers of various brands of products that we intend retailing: In Progress

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Office Supplies Retail Business Plan

Start your own office supplies retail business plan

Green Office

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

Green Office addresses the market need of environmentally-friendly office supplies. Green Office has been formed as an Illinois Corporation with Stan Cooksey as the main shareholder. Green Office will service a wide range of customers including corporations and government agencies.

Products Green Office will sell eco-friendly products that use recycled materials, reuse “recharged” existing parts, or use non-toxic alternatives. Green Office will sell recycled paper ranging from notepads to envelopes to copier paper, a wide range of laser toner, inkjet cartridges and common office supplies such as correction fluid.

Customers Green Office has identified three market segments. The first is corporations, with an 8% growth rate and 12,000 potential customers. The second is government agencies, with a 11% growth rate and 7,886 possible customers. The last category is assorted customers with a 7% growth rate and 56,888 possible customers.

Competitive Edge Green Office will offer a complete range of office supplies, to become a one-stop shopping place for supply needs. Green Office will offer an unprecedented level of customer attention. It recognizes that shopping must be the the most trouble free, pleasant experience if it expects to form long-term relationships with customers.

Management Green Office will be lead by Stan Cooksey. Stan received his undergraduate degree from the University of Chicago. Stan worked for Symantec Software as the Regional Sales Manager for the Government Agency Unit. While working at Symantec, Stan received his Executive MBA.

Green Office is supported by a proven business model, carefully identified market segments, and a top notch management team. Green Office has forecasted sales for year two of $818,000, rising to $1,004,000 in year three. We will become profitable in the second year.

Office supplies retail business plan, executive summary chart image

1.1 Objectives

  • To become the premier source of environmentally-friendly office supplies.
  • To offer green office supplies that cost no more than a 10% price premium, often at the same price as non “green” supplies.
  • Quickly grow in size and become a profitable business within the first two years.

1.2 Mission

It is Green Office’s mission to become a leading vendor of environmentally-friendly office supplies. Green Office will become a market leader offering a wide, price competitive selection with the finest customer service.

1.3 Keys to Success

  • Offer environmentally-friendly office supplies at competitive prices.
  • Secure large contracts with corporations and government agencies.
  • Ensure fiscal efficiency through strict financial controls.

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Company summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">.

Green Office is an Illinois corporation founded by Stan Cooksey.

2.1 Start-up Summary

Green Office will incur the following start up expenses:

  • Office desk sets with chairs and assorted supplies (6)
  • Workstations and a central file server, two laser printers, and Internet connection (6)
  • Copier, fax machine
  • Assorted pieces of office furniture
  • Assorted shipping material
  • Unit phone system with answer service (7)
  • Shelving units for storage
  • Used fork lift
  • Intercom system
  • Warehouse build out

Start-up funds will be supported predominantly through equity investment, but in addition Stan will obtain a $50,000 SBA backed loan to assist in the purchase of start-up inventory.

Office supplies retail business plan, company summary chart image

2.2 Company Ownership

Green Office is a privately held corporation owned by Stan Cooksey. Green Office has been incorporated in Illinois.

Green Office offers a wide range of office supplies, all of which are environmentally friendly, they either use recycled content materials, sustainable products, or substitute toxic chemicals with non-toxic substitutes. Products include:

  • Recycled clip boards
  • Non-toxic correction fluid
  • Recycled note pads (small and legal size)
  • Recycled paper clips
  • Recycled copier and printer paper
  • Recycled envelopes
  • Erasable boards
  • Reusable coffee filters
  • Recycled, refillable laser toner cartridges and inkjet cartridges
  • Solar calculators
  • Refillable pens and pencils made out of recyclable materials
  • And many other items

Market Analysis Summary how to do a market analysis for your business plan.">

Green Office believes that it faces a market with many opportunities and significant demand. Green Office’s three main customer segments will be corporations, government agencies, and others which is a “catch all” category.

The office supply industry operates with several different large companies and many small ones. Within the office supplies industry there exists a niche of environmentally-friendly companies that Green Office competes against. Some of these companies serve local markets, others are Web-based for broader coverage.

4.1 Market Segmentation

Green Office has identified three customer segments that it will go after:

  • Other: This is a catch all segment that contains a wide range of entities such as small companies, individuals, school districts, etc.

Office supplies retail business plan, market analysis summary chart image

4.2 Target Market Segment Strategy

As mentioned previously in the Market Segmentation section, three customer groups have been identified. Two of these, corporations and government agencies are quite attractive as customer segments. The third is used as a “catch all” category. The strategy will be the use of a targeted sales campaign that uses specific sales agents each of whom are responsible for a specific customer group.

The hiring process for these sales agents will be done with the specific group in mind. The agent responsible for the government agencies will be chosen based on his past experience and proficiency in selling to government agencies if possible. Green Office will therefore provide each experienced sales person with an exclusive territory, assisting them in achieving high sales marks for the respective customer group.

4.3 Industry Analysis

The broader industry that Green Office competes in the office supplies industry. Within that industry there are several market leaders:

  • Office Depot

All three of these companies offer both local retail stores as well as mail order/Internet sales. These are the leaders with a combined 59% market share. The remaining players in the market are made up of both mail order/Internet competitors as well as local retailers. Within this market is a newly developed niche of environmentally-friendly suppliers. The majority of companies competing in this niche are mail order/Internet based.

4.3.1 Competition and Buying Patterns

Competition comes from two sources, direct and indirect competitors. Direct competitors are companies that offer similar lines of environmentally-friendly products. The main companies are:

  • EcoProducts
  • The Good Humans

The indirect competitors are companies within the office supplies industry who offer eco supplies, but do not concentrate on these products. Customers’ buying patterns are based on two main factors:

  • Price: Both a relative comparison to standard office supplies as well as eco-friendly ones.
  • Convenience: Ease of ordering, shipping schedule, variety of products.

Strategy and Implementation Summary

Green Office’s goal of becoming a major vendor of environmentally-friendly office supplies is an ambitious but achievable goal. Green Office will leverage its two part competitive edge to achieve this goal. The first edge is an unbeatable selection of green office supplies.

This all inclusive product catalog creates a compelling one stop shopping venue. This wonderful product selection will be supported by a customer-centric company culture. The marketing and sales strategies support these two competitive edges.

The marketing strategy seeks to develop an awareness of Green Office and its ability to offer a wide selection of eco-friendly office products. All products will be priced competitively, often at the same low price as non eco-friendly products.

The sales strategy will use specially engineered economic incentives that channel account manager behavior into the mode of ensuring, happy, long-term customers. This entire strategy is based on the company’s philosophy that it is far cheaper to maintain a current customer than it is to attract new ones.

5.1 Competitive Edge

Green Office competitive edge is two fold, a wide selection of office supplies making it a one stop shopping place and a strong customer service oriented organization where the customers are assigned a specific sales agent/account manager to assist them.

By offering a strong product catalog, customers are able to place all of their office supplies orders at one place instead of having to contact multiple vendors each week or month, whatever the interval may be. Creating the perception that all of the company’s office supply needs can be met by one company, Green Office has a competitive edge.

The second edge is Green Office’s focus on customer service. The company recognizes that if long-term sustainable growth is desired, the customers must feel like that they are being offered the finest service. This will ensure the building of a loyal customer base that will assist Green Office in becoming a sustainable operation.

5.2 Marketing Strategy

The marketing strategy will be based on a communication effort that announces Green Office’s two competitive edges, their selection and customer service. To be able to order all of an office’s supply needs from one easy-to-work-with vendor is a significant value. Backing up the extensive product catalog with top rate customer service will retain customers.

Green Office will undertake a marketing campaign that communicates its competitive edge. The campaign will rely primarily on print advertising. The media outlets to be used will be determined based on the readership levels and targeted companies. The campaign will develop an awareness of Green Office to the targeted customers. The development of an awareness or image of Green Office is the first step in the implementation strategy, the second step is the sales strategy detailed in the following section.

5.3 Sales Strategy

Green Office’s sales strategy will be based on the conversion of qualified sales leads into paying customers. The key emphasis here is customer service. Green Office recognizes that customers desire that their needs are taken care of.

Additionally, customers want a seemless experience where their expectations are managed. Green Office will accomplish these lofty goals by assigning a specific account manager/sales agent to each customer (assigned by the customer type). The sales agent receives a commission not just for the individual sale but also using a complex formula that takes into account long-term customer satisfaction of the client.

Green Office therefore has developed an economic incentive for its account managers to develop long-term customers. This incentive based system is key to the sales strategy because it creates an incentive for the sales agent to take into account Green Office’s strategic survival, not just the agents short-term compensation. In addition, long-term customers are more profitable than new customers.

5.3.1 Sales Forecast

Green Office adopted a conservative forecast for the business plan. These conservative estimates will help ensure that the company does not face any cash flow shortages within the first couple of years The sales forecast also takes into account that Green Office is a start-up organization and it will take time to generate a level of sustainable sales. Sales will increase at a slow but steady rate. Please see the three following table and charts for graphical representation of the sales forecasts.

Office supplies retail business plan, strategy and implementation summary chart image

5.4 Milestones

Green Office has identified four specific milestones that will serve as goals for the organization to achieve. While the milestones are lofty in terms of qualitative standards and the timeline deadline, they are achievable.

  • Business plan completion.
  • First major government agency account.
  • $200K in sales.
  • Profitability.

Web Plan Summary

The website will be developed to offer customers a product catalog for online orders. The overriding design philosophy of the site is ease of use. Green Office wants to make the process of placing an order as easy and fast as possible thereby encouraging increased sales. Green Office will incorporate special features such as a section that is specific to each customer so the customer can easily make purchases of repeat items. Instead of going through the website every month and locating their monthly needs, the site captures regularly ordered items for that specific customer, significantly speeding up the ordering process. This ease-of-use feature will help increase sales as customers become more and more familiar with the site and appreciate how easy it is to place an order.

6.1 Website Marketing Strategy

The marketing strategy for the website will begin initially with a simple strategy of search engine submissions and the use of pay-per-clicks which is a service of Google and Overture where the company pays the search engine every time a surfer clicks through to the Green Office site.

6.2 Development Requirements

Green Office has secured a start-up website design company to design and develop the site. As a result, the company is able to negotiate a favorable rate for the development and maintenance of the site.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

Green Office is lead by Stan Cooksey. Stan received his undergraduate degree of business from the University of Chicago. After graduation Stan accepted a position from The Symantec Software Corporation as the regional sales manager for the government agency group. After five years in this group Stan enrolled in an Executive MBA Program at Loyola University. At the conclusion of this program Stan received an advancement to become a vice president of sales for the United States. Stan left his position at Symantec to start Green Office.

7.1 Personnel Plan

  • Stan: Operations, business development, some finance, some accounting.
  • Willma (Stan’s wife): Procurement, marketing.
  • Sales: Account manager functions.
  • Accounting: Part-time accounting clerk.
  • Shipping: Responsible for order filling.
  • Administrative/customer support.

Financial Plan investor-ready personnel plan .">

The following sections will outline important financial information.

8.1 Important Assumptions

The following table details important Financial Assumptions.

8.2 Break-even Analysis

The following table and chart show our break-even analysis.

Office supplies retail business plan, financial plan chart image

8.3 Projected Profit and Loss

The following table will indicate Projected Profit and Loss.

Office supplies retail business plan, financial plan chart image

8.4 Projected Cash Flow

The following chart and table will indicate Projected Cash Flow.

Office supplies retail business plan, financial plan chart image

8.5 Projected Balance Sheet

The following table will indicate the Projected Balance Sheet.

8.6 Business Ratios

The following table shows common Business Ratios, specific to Green Office as well as to the industry as a whole.

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School Business Plan Template

Written by Dave Lavinsky

private school business plan

School Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their schools.

If you’re unfamiliar with creating a school business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a school business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your school as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a school or grow your existing school, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your school to improve your chances of success. Your school business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Schools

With regards to funding, the main sources of funding for schools are donations and gifts, tuition, personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for schools.

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How to write a business plan for a school.

If you want to start a school or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your school business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of school you are running and the status. For example, are you a startup, do you have a school that you would like to grow, or are you operating a chain of schools?

Next, provide an overview of each of the subsequent sections of your plan.

  • Give a brief overview of the school industry.
  • Discuss the type of school you are operating.
  • Detail your direct competitors. Give an overview of your target customers.
  • Provide a snapshot of your marketing strategy. Identify the key members of your team.
  • Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of school you are operating.

For example, you might specialize in one of the following types of schools:

  • Private K-12 school : this type of school typically charges tuition, and may be affiliated with a religious organization, or specialize in a particular learning method.
  • Charter school: this type of school offers primary or secondary education for a tuition, and may receive some public funding, and/or donations. These schools require their students to take state-mandated exams.
  • Special subject school: this type of school specializes in teaching a specific subject, such as driving, first-aid, self-defense, fine arts, language, or general tutoring.
  • Preschool: this type of school typically serves children who are aged 3 and 4. These schools prepare young children to enter formal education, and are funded by some combination of tuition, donations, and government grants.

In addition to explaining the type of school you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of students served, the number of students accepted into elite formal education institutions, etc.
  • Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the school industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the school industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your school business plan:

  • How big is the school industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential target market for your school? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your school business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: families with elementary-aged children, families with high-school-aged children, families with preschool children.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of school you operate. Clearly, families with high schoolers would respond to different marketing promotions than families with preschoolers, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other schools.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes public schools, virtual schools, and families who do homeschooling. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

  • What types of students do they serve?
  • What type of school are they?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide specialized instruction, either in subject or in method?
  • Will you offer courses or services that your competition doesn’t?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a school business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of school that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide religious-focused K-8 education, college preparatory courses, or single-subject instruction like driving or fine arts?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the courses and/or extracurricular activities you offer and their prices.

Place : Place refers to the site of your school. Document where your company is situated and mention how the site will impact your success. For example, is your school located in a growing neighborhood, in the city center, or will you operate purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your school marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

  • Advertise in local papers, radio stations and/or magazines
  • Reach out to websites
  • Distribute flyers
  • Engage in email marketing
  • Advertise on social media platforms
  • Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your school, including answering calls, planning and delivering instruction, applying for grants, fundraising, performing administrative tasks, overseeing instructors, handling discipline, scheduling and monitoring extracurricular activities, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to enroll your Xth student, or when you hope to reach $X in revenue. It could also be when you expect to expand your school to a new city.  

Management Team

To demonstrate your school’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing schools. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in running a school or experience with public school administration or who has served on a public school board.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you enroll 100 or 1,000 students per semester, and/or offer extracurricular activities? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your school, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a school:

  • Cost of equipment and supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your school location lease or a list of elective courses or extracurricular activities you will offer.  

Writing a business plan for your school is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the school industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful school.  

School Business Plan FAQs

What is the easiest way to complete my school business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your school business plan.

How Do You Start a School?

Starting a school is easy with these 14 steps:

  • Choose the Name for Your School
  • Create Your School Business Plan
  • Choose the Legal Structure for Your School
  • Secure Startup Funding for Your School (If Needed)
  • Secure a Location for Your Business
  • Register Your School with the IRS
  • Open a Business Bank Account
  • Get a Business Credit Card
  • Get the Required Business Licenses and Permits
  • Get Business Insurance for Your School
  • Buy or Lease the Right School Equipment
  • Develop Your School Business Marketing Materials
  • Purchase and Setup the Software Needed to Run Your School
  • Open for Business

Learn more about   how to start your own school .

Don’t you wish there was a faster, easier way to finish your School business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to learn about Growthink’s business plan writing services .

Other Helpful Business Plan Articles & Templates

Business Plan Template For Small Businesses & Entrepreneurs

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School Business Plan Template

Written by Dave Lavinsky

School Business Plan

You’ve come to the right place to create your School business plan.

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Schools.

Below is a template to help you create each section of your School business plan.

Executive Summary

Business overview.

Southside Academy, located in St. Paul, Minnesota, is a private school that has been providing quality education to the community’s school children since 2017. Southside Academy teaches elementary, middle school, and high school students in a wide range of subjects including mathematics, science, and history. We aim to provide a welcoming and inviting environment where every student can reach their highest potential.

We promote academic, artistic, and athletic excellence in a close-knit learning environment, with a challenging curriculum that cultivates intellectual curiosity. Furthermore, we offer a low teacher-to-child ratio, where teachers can build close connections with their students as they help them excel. We develop confident, continual learners by establishing behavioral supports and the social culture needed for students to achieve social, emotional, and academic success.

Service Offering

Southside Academy offers a premium private education at an affordable tuition fee. We provide a challenging education where students can explore their true potential and a safe space where they can freely discover and express themselves. Our students range from 1st grade to 12th grade and we teach a wide variety of subjects including:

  • Basic Mathematics
  • Physical Education

Customer Focus

Southside Academy primarily serves families within a 5-mile radius of the school’s location. The area is home to thousands of middle and upper-class families looking for high-quality education for their children. Before the school was built, the area was underserved and many children had to travel far to attend quality private schools.

Management Team

Southside Academy’s founder is Mike Brown who has been working as a teacher for more than 20 years. Mike has taught at several public schools in the region but saw a great demand for private education. He noticed that the current location of the school was underserved and set out to create a school to serve this population. Mike Brown has successfully led Southside Academy as its principal since the school’s inception and will continue to do so for the foreseeable future.

Mike Brown is supported by a team that has experience teaching students, managing finances, and running businesses. Specifically, our team has solid experience in being effective teachers, connecting to different types of students, and achieving key goals.

Success Factors

Southside Academy is able to achieve success by offering the following competitive advantages:

  • Location: Southside Academy’s location is near the center of town, giving members of our community easy access for parents and their children.
  • Passionate and Skillful Teachers: Southside Academy hires teachers with strong academic backgrounds who are skillful in handling all types of children.
  • Low teacher-to-student ratio: We provide a low teacher-to-student ratio so that every student gets personal attention from teachers to reach their highest potential.
  • Affordable, quality education: Most of the schools in the area offer their services at a very expensive price. Our fees will be moderately low so that good education is accessible to all families.

Financial Highlights

Southside Academy is currently seeking additional donations of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

  • Salaries: $200,000
  • School Materials (books, toys, desks, chairs, etc): $180,000
  • Administrative Expenses: $120,000 to pay for lease costs, ongoing operational expenses, and marketing.
  • Working capital: $100,000

The following graph below outlines the pro forma financial projections for Southside Academy.

Southside-Academys-Financial-Projections.png

Company Overview

Who is southside academy, southside academy’s history.

Southside Academy started as an idea from a group of school teachers, including Mike Brown. The teachers were university pals who are passionate about teaching and children. They have seen the gaps in education in St. Paul, Minnesota, and wanted to create a school that elevates the academic environment for the children of this area.

Their plans to build a school started in 2015, but it was only until April 2016 that they finally completed all the paperwork and met the legal requirements. Since then, Southside Academy has achieved the following milestones:

  • Found a location and built the school
  • Developed the school’s name, logo, and website
  • Determined curriculum
  • Hired teachers and other key employees

Southside Academy’s Services

Industry analysis.

Education is an essential foundation for a thriving society. It’s more important than ever before that every child has access to affordable, high-quality education. While public schools are an essential option for many low-income families, the education provided by private schools often results in higher test scores and more students moving on to top-tier universities.

The private school industry has experienced steady growth in the past five years. The key industry drivers are economic growth, the rise in numbers of K-12 students, an increase in the number of families with both parents working, and government initiatives to support education.

According to Polaris Market Research, this growth is expected to continue with a forecasted compound annual growth rate of 6.6% from now until 2030. This shows that Southside Academy has great potential to keep growing and expanding. We will have ample opportunities to grow our curriculum and offer services to students that help them reach their highest potential.

Customer Analysis

Demographic profile of target market.

Southside Academy serves the families and children of St. Paul, Minnesota. The area is mostly populated by young couples and new families that have disposable income and can pay a premium for their children’s education.

The precise demographics of the town in which our location resides are as follows:

Customer Segmentation

We primarily target the following three customer segments:

  • Young children
  • Young couples

Competitive Analysis

Direct and indirect competitors.

Southside Academy faces competition from other schools with similar profiles. A description of each competitor company is below.  

Waters Independent School

Founded in 1968, Waters Independent School is a non-profit and tax-exempt independent school system. The school is governed by an independent Board of Trustees and offers preschool through eighth-grade programs. WIS is accredited by the state’s Council of Independent Schools (FCIS).

Waters Independent School has small class sizes with low student-to-teacher ratios. Further, WIS’ Programs include a strong academic foundation coupled with programs in the arts, physical education, media/technology, foreign language, and extracurricular areas.  

Hill Preparatory School

Founded in 1923, Hill Preparatory School is a private, non-sectarian, coeducational, college preparatory day school. It offers PK-12 programs in a safe, student-centered environment. HPS supports its students through the challenges of the school year with one-on-one attention from dedicated faculty, robust services like The Learning Center and the College Center, and the most advanced educational technology. The campus spans 28 acres and has a new 60,000+ square foot facility.  

Future Leaders Preparatory School

Founded in 1968, Future Leaders Prep is a private school for PreK3-8th grade. FLPS offers preschool, elementary school, and middle school programs and offers the International Baccalaureate program of study for all students. Teachers are endorsed in gifted education through a master’s level grant with [local University]’s College of Education Gifted Program. In addition to the school, Future Leaders offers community programs such as music, dance, art, and theater lessons through the Community School of the Arts, youth sports in the Community School for Sports, and the 7-week summer camp.

Competitive Advantage

There are many schools in St. Paul, Minnesota but none of them provides the same quality of education that Southside Academy provides, specifically the following:

Marketing Plan

Brand & value proposition.

The Southside Academy brand will focus on the school’s unique value proposition:

  • Providing premium education at an affordable price
  • Providing a supportive and challenging place for children to learn
  • Giving parents the assurance that their children will reach their full potential

Promotions Strategy

The promotions strategy for Southside Academy is as follows:

Social Media

Southside Academy will invest heavily in a social media advertising campaign. The school will utilize social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Publications

The school will place print advertisements in key local publications, including newspapers, area magazines, and business newsletters. Additionally, Southside Academy will print brochures and place them in specific locations frequented by target individuals.

Website/SEO

Southside Academy will invest heavily in developing a professional website that displays all of the features and benefits of Southside Academy. It will also invest heavily in SEO so that the school’s website will appear at the top of search engine results.

Direct Mail

Southside Academy will blanket neighborhoods with direct mail pieces. These pieces will provide general information on Southside Academy and incentives to enroll.

Southside Academy prices its tuition at a moderate price so our students and their families feel they are getting great value when choosing our school.

Operations Plan

The following will be the operations plan for Southside Academy.

Operation Functions:

  • Mike Brown is the school Principal. He manages the teachers, directs the direction of education, and serves as the head of the school.
  • Mike is joined by Amanda Johnson who acts as the Administrative Assistant for the school. She helps Mike with the operations of the school as well as the marketing and administrative functions.
  • Mike has hired an extensive team of highly qualified educators. Together, they teach dozens of subjects, including biology, chemistry, social studies, and mathematics. Every teacher that works for Southside Academy is passionate about education and pushing their students to reach their highest potential.

Milestones:

Southside Academy expects to achieve the following milestones in the following six months:

  • 3/202X Kickoff of promotional campaign to attract new students
  • 4/202X Start donation campaign
  • 5/202X Hire new teachers for the upcoming year
  • 6/202X Achieve donation/funding goal
  • 7/202X Finalize list of incoming students for next year
  • 8/202X Start next school year

Financial Plan

Key revenue & costs.

Southside Academy’s revenues come from student tuition fees and donations from both individuals and corporations.

The major costs for the company will be staffing, marketing expenses, location maintenance, equipment, and materials.

Funding Requirements and Use of Funds

Southside Academy is currently seeking additional fundraising and capital of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and to pay off the startup business loan.

  • Year 1: 200
  • Year 2: 300
  • Year 3: 400
  • Year 4: 500
  • Year 5: 600
  • Tuition rate per year: $10,000

Financial Projections

Income statement, balance sheet, cash flow statement, school business plan faqs, what is a school business plan.

A school business plan is a plan to start and/or grow your school business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your School business plan using our School Business Plan Template here .

What are the Main Types of School Businesses?

There are a number of different kinds of school businesses , some examples include: Private K-12 school, Charter school, or Preschool.

How Do You Get Funding for Your School Business Plan?

School businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a School Business?

Starting a school business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A School Business Plan - The first step in starting a business is to create a detailed school business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your school business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your school business is in compliance with local laws.

3, Register Your School Business - Once you have chosen a legal structure, the next step is to register your school business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your school business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary School Equipment & Supplies - In order to start your school business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your school business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful school business:

  • How to Start a School

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School Business Plan

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High demand and a recurring revenue model make starting a school business a lucrative and rewarding profession.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your school business? You’re at the right place. Our school business plan template will help you get started.

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Free Business Plan Template

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How to Write A School Business Plan?

Writing a school business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

Start your executive summary by briefly introducing your business to your readers.

Market Opportunity:

Educational programs & services:.

Highlight the school services you offer your clients. The USPs and differentiators you offer are always a plus.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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school supplies business plan sample

2. Business Overview

The business overview section of your business plan offers detailed information about your business. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Describe your business in this section by providing all the basic information:

Describe what kind of school business you run and the name of it. You may specialize in one of the following school businesses:

  • Public schools
  • Private schools
  • Charter schools
  • Magnet schools
  • Virtual or online schools
  • Boarding schools
  • International schools
  • Religious schools
  • Describe the legal structure of your school, whether it is a sole proprietorship, LLC, partnership, or others.
  • Explain where your business is located and why you selected the place.

Mission Statement:

Business history:.

If you’re an established school, briefly describe your business history, like—when it was founded, how it evolved over time, etc.

Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.

Market size and growth potential:

Describe your market size and growth potential and whether you will target a niche or a much broader market.

Competitive Analysis:

Market trends:.

Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.

Regulatory Environment:

Here are a few tips for writing the market analysis section of your school business plan::

  • Conduct market research, industry reports, and surveys to gather data.
  • Provide specific and detailed information whenever possible.
  • Illustrate your points with charts and graphs.
  • Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to students. To write this section should include the following:

Describe your school services:

Mention the school services your business will offer. This list may include services like,

  • Education programs
  • Extracurricular activities
  • Counseling & Guidance
  • Special education services
  • Transportation services
  • Food services
  • Testing and assessments

Describe specialized programs:

Student leadership programs, additional services:.

In short, this section of your school plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your school business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your school business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & software:.

Include the list of equipment and software required for school, such as whiteboards & projectors, student information systems, learning management systems, communication & collaboration tools, etc.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your school business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

Introduce your management and key members of your team, and explain their roles and responsibilities.

Organizational structure:

Compensation plan:, advisors/consultants:.

Mentioning advisors or consultants in your business plans adds credibility to your business idea.

This section should describe the key personnel for your school, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

Financing Needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

  • Add a table of contents for the appendix section to help readers easily find specific information or sections.
  • In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
  • Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
  • Include any legal documents such as permits, licenses, and contracts.
  • Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your school business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

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This sample school business plan will provide an idea for writing a successful school plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our school business plan pdf .

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Frequently asked questions, why do you need a school business plan.

A business plan is an essential tool for anyone looking to start or run a successful school business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your school.

How to get funding for your school business?

There are several ways to get funding for your school business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

  • Bank loan – You may apply for a loan in government or private banks.
  • Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
  • Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
  • Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your school business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your school business plan and outline your vision as you have in your mind.

What is the easiest way to write your school business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any school business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

About the Author

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Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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34+ SAMPLE School Business Plan in PDF | MS Word | Google Docs | Apple Pages

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New School Business Plan

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Step 1: school overview, step 2: executive summary, step 3: school services.

  • Literacy services
  • Numeracy services
  • Meeting accreditation standards
  • Foundations in science and mathematics
  • Foundations in geography and history
  • Giving extracurricular activities
  • Giving books and school materials

Step 4: Mission Statement and Vision Statement

Step 5: job description, step 6: swot analysis.

  • Strengths – What is the ace of your school against your competitors?
  • Weaknesses – On what aspects are your school lacking?
  • Opportunities – Where does your school excel in teaching?
  • Threats – What can make a student leave your school?

Step 7: Market Research

Step 8: sales plan, step 9: publicity plan, step 10: school budget, share this post on your network, you may also like these articles, 40+ sample agriculture business plan in pdf | ms word.

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54+ SAMPLE School Action Plan in PDF | MS Word | Google Docs

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Whether it is kindergarten, elementary, high school, college, or even graduate school, action plans can be applied to any educational level. School action plans are tools that offer direction…

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MoSCoW Prioritization

What is moscow prioritization.

MoSCoW prioritization, also known as the MoSCoW method or MoSCoW analysis, is a popular prioritization technique for managing requirements. 

  The acronym MoSCoW represents four categories of initiatives: must-have, should-have, could-have, and won’t-have, or will not have right now. Some companies also use the “W” in MoSCoW to mean “wish.”

What is the History of the MoSCoW Method?

Software development expert Dai Clegg created the MoSCoW method while working at Oracle. He designed the framework to help his team prioritize tasks during development work on product releases.

You can find a detailed account of using MoSCoW prioritization in the Dynamic System Development Method (DSDM) handbook . But because MoSCoW can prioritize tasks within any time-boxed project, teams have adapted the method for a broad range of uses.

How Does MoSCoW Prioritization Work?

Before running a MoSCoW analysis, a few things need to happen. First, key stakeholders and the product team need to get aligned on objectives and prioritization factors. Then, all participants must agree on which initiatives to prioritize.

At this point, your team should also discuss how they will settle any disagreements in prioritization. If you can establish how to resolve disputes before they come up, you can help prevent those disagreements from holding up progress.

Finally, you’ll also want to reach a consensus on what percentage of resources you’d like to allocate to each category.

With the groundwork complete, you may begin determining which category is most appropriate for each initiative. But, first, let’s further break down each category in the MoSCoW method.

Start prioritizing your roadmap

Moscow prioritization categories.

Moscow

1. Must-have initiatives

As the name suggests, this category consists of initiatives that are “musts” for your team. They represent non-negotiable needs for the project, product, or release in question. For example, if you’re releasing a healthcare application, a must-have initiative may be security functionalities that help maintain compliance.

The “must-have” category requires the team to complete a mandatory task. If you’re unsure about whether something belongs in this category, ask yourself the following.

moscow-initiatives

If the product won’t work without an initiative, or the release becomes useless without it, the initiative is most likely a “must-have.”

2. Should-have initiatives

Should-have initiatives are just a step below must-haves. They are essential to the product, project, or release, but they are not vital. If left out, the product or project still functions. However, the initiatives may add significant value.

“Should-have” initiatives are different from “must-have” initiatives in that they can get scheduled for a future release without impacting the current one. For example, performance improvements, minor bug fixes, or new functionality may be “should-have” initiatives. Without them, the product still works.

3. Could-have initiatives

Another way of describing “could-have” initiatives is nice-to-haves. “Could-have” initiatives are not necessary to the core function of the product. However, compared with “should-have” initiatives, they have a much smaller impact on the outcome if left out.

So, initiatives placed in the “could-have” category are often the first to be deprioritized if a project in the “should-have” or “must-have” category ends up larger than expected.

4. Will not have (this time)

One benefit of the MoSCoW method is that it places several initiatives in the “will-not-have” category. The category can manage expectations about what the team will not include in a specific release (or another timeframe you’re prioritizing).

Placing initiatives in the “will-not-have” category is one way to help prevent scope creep . If initiatives are in this category, the team knows they are not a priority for this specific time frame. 

Some initiatives in the “will-not-have” group will be prioritized in the future, while others are not likely to happen. Some teams decide to differentiate between those by creating a subcategory within this group.

How Can Development Teams Use MoSCoW?

  Although Dai Clegg developed the approach to help prioritize tasks around his team’s limited time, the MoSCoW method also works when a development team faces limitations other than time. For example: 

Prioritize based on budgetary constraints.

What if a development team’s limiting factor is not a deadline but a tight budget imposed by the company? Working with the product managers, the team can use MoSCoW first to decide on the initiatives that represent must-haves and the should-haves. Then, using the development department’s budget as the guide, the team can figure out which items they can complete. 

Prioritize based on the team’s skillsets.

A cross-functional product team might also find itself constrained by the experience and expertise of its developers. If the product roadmap calls for functionality the team does not have the skills to build, this limiting factor will play into scoring those items in their MoSCoW analysis.

Prioritize based on competing needs at the company.

Cross-functional teams can also find themselves constrained by other company priorities. The team wants to make progress on a new product release, but the executive staff has created tight deadlines for further releases in the same timeframe. In this case, the team can use MoSCoW to determine which aspects of their desired release represent must-haves and temporarily backlog everything else.

What Are the Drawbacks of MoSCoW Prioritization?

  Although many product and development teams have prioritized MoSCoW, the approach has potential pitfalls. Here are a few examples.

1. An inconsistent scoring process can lead to tasks placed in the wrong categories.

  One common criticism against MoSCoW is that it does not include an objective methodology for ranking initiatives against each other. Your team will need to bring this methodology to your analysis. The MoSCoW approach works only to ensure that your team applies a consistent scoring system for all initiatives.

Pro tip: One proven method is weighted scoring, where your team measures each initiative on your backlog against a standard set of cost and benefit criteria. You can use the weighted scoring approach in ProductPlan’s roadmap app .

2. Not including all relevant stakeholders can lead to items placed in the wrong categories.

To know which of your team’s initiatives represent must-haves for your product and which are merely should-haves, you will need as much context as possible.

For example, you might need someone from your sales team to let you know how important (or unimportant) prospective buyers view a proposed new feature.

One pitfall of the MoSCoW method is that you could make poor decisions about where to slot each initiative unless your team receives input from all relevant stakeholders. 

3. Team bias for (or against) initiatives can undermine MoSCoW’s effectiveness.

Because MoSCoW does not include an objective scoring method, your team members can fall victim to their own opinions about certain initiatives. 

One risk of using MoSCoW prioritization is that a team can mistakenly think MoSCoW itself represents an objective way of measuring the items on their list. They discuss an initiative, agree that it is a “should have,” and move on to the next.

But your team will also need an objective and consistent framework for ranking all initiatives. That is the only way to minimize your team’s biases in favor of items or against them.

When Do You Use the MoSCoW Method for Prioritization?

MoSCoW prioritization is effective for teams that want to include representatives from the whole organization in their process. You can capture a broader perspective by involving participants from various functional departments.

Another reason you may want to use MoSCoW prioritization is it allows your team to determine how much effort goes into each category. Therefore, you can ensure you’re delivering a good variety of initiatives in each release.

What Are Best Practices for Using MoSCoW Prioritization?

If you’re considering giving MoSCoW prioritization a try, here are a few steps to keep in mind. Incorporating these into your process will help your team gain more value from the MoSCoW method.

1. Choose an objective ranking or scoring system.

Remember, MoSCoW helps your team group items into the appropriate buckets—from must-have items down to your longer-term wish list. But MoSCoW itself doesn’t help you determine which item belongs in which category.

You will need a separate ranking methodology. You can choose from many, such as:

  • Weighted scoring
  • Value vs. complexity
  • Buy-a-feature
  • Opportunity scoring

For help finding the best scoring methodology for your team, check out ProductPlan’s article: 7 strategies to choose the best features for your product .

2. Seek input from all key stakeholders.

To make sure you’re placing each initiative into the right bucket—must-have, should-have, could-have, or won’t-have—your team needs context. 

At the beginning of your MoSCoW method, your team should consider which stakeholders can provide valuable context and insights. Sales? Customer success? The executive staff? Product managers in another area of your business? Include them in your initiative scoring process if you think they can help you see opportunities or threats your team might miss. 

3. Share your MoSCoW process across your organization.

MoSCoW gives your team a tangible way to show your organization prioritizing initiatives for your products or projects. 

The method can help you build company-wide consensus for your work, or at least help you show stakeholders why you made the decisions you did.

Communicating your team’s prioritization strategy also helps you set expectations across the business. When they see your methodology for choosing one initiative over another, stakeholders in other departments will understand that your team has thought through and weighed all decisions you’ve made. 

If any stakeholders have an issue with one of your decisions, they will understand that they can’t simply complain—they’ll need to present you with evidence to alter your course of action.  

Related Terms

2×2 prioritization matrix / Eisenhower matrix / DACI decision-making framework / ICE scoring model / RICE scoring model

Prioritizing your roadmap using our guide

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school supplies business plan sample

Moscow, Idaho

Welcome to Moscow

Home to the University of Idaho, Moscow (aka Fest City) is known for its lively celebrations and charming hometown vibe. Whether you’re exploring picturesque landscapes, rocking out at a music festival or indulging in mouthwatering local cuisine, this welcoming city offers an array of experiences for every style of adventurer. The only question is, where should you begin?

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See + Explore

With so many things to do, your weekend getaway in Moscow might just turn into a weeklong retreat! Indulge in some retail therapy, immerse yourself in the great outdoors or show some spirit at a sporting event.

Drink + Dine

Pop into one of our local eateries and sample everything from burgers to bouillabaisse. Or, sip your way through Moscow’s craft beer scene and find an ale to cure your ails.

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Stay + Play

Looking for your ultimate basecamp? Take your pick of hotels in the heart of the action, cozy B&Bs and more.

Upcoming Events

Immerse yourself in cinematic magic at a film festival or enjoy family-friendly fun at the annual Renaissance fair. Mark your calendars and stay up to date with the latest happenings in Fest City.

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It’s time to shop ’til you drop, local style! Snag this exclusive gift card and experience the magic of Moscow’s businesses.

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  1. 25+ School Business Plan Templates in DOC

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  3. Business Plan Examples For Students Entrepreneurship PDF (2022)

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  4. FREE School Business Plan Template

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  5. 25+ School Business Plan Templates in DOC

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  6. ️ Business plan for school. Business Plans for Starting a School. 2019

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VIDEO

  1. Can Students Really Start A Business??

  2. BACK TO SCHOOL SUPPLIES SHOPPING 2023 *Senior year*

  3. How to get Top Business Schools in Less Efforts

  4. SCHOOL AND OFFICE SUPPLIES BUSINESS

  5. The Worst School Supplies

  6. preparing for school! supply shopping, organizing/cleaning,+ more 📚 🎧

COMMENTS

  1. School Supplies Business Plan [Sample Template]

    A Sample School Supplies Business Plan Template 1. Industry Overview Businesses in the School Supplies Wholesaling industry are involved in the sale and distribution of office tools, writing implements, stamps and stencils, stationery and loose-leaf paper, notebooks, binders and organizers and other related items.

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    Creating a Business Plan for a School Supplies Retailer A common mistake for an entrepreneur is to not create a business plan. The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business.

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    A Sample Stationery Shop and Office Supplies Business Plan Template Industry Overview The office supply stores industry comprises of stores that predominately retail stationery, school supplies and office supplies. It is important to note that some stationery stores and office supply business may also sell a combination of new computers, office ...

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  8. School Business Plan Template [Updated 2024]

    Written by Dave Lavinsky School Business Plan Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their schools. If you're unfamiliar with creating a school business plan, you may think creating one will be a time-consuming and frustrating process.

  9. How to Start a School Store That Is Managed by Students

    How to Start a School Store That Is Managed by Students | School Supplies Business Plan [Sample Template for 2022] Topic: Math, School Culture & Colleagues Schule Ideas How to Start a Student-Run School Store For sale: pencils, T-shirts, and important life skills. Jan Staake switch Per 3, 2019 Looking to start a school stock?

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    Writing a school business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and ...

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    Below is a sample school supplies business plan template that will give you the needed guide to write yours with ease. A Sample School Supplies Business Plan Template Table of Content [hide] 1. Industry Overview 2. Executive Summary 3. Our Products and Services 4.

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    Below is a sample school supplies business layout template that will give you this needed guide to write yours with ease. As useful exercises are not expensive since they usually require only paper and pen, paint brushes, button a microscope, for example. In higher ... A Sampler School Supplies Business Plan Template 1. Industry Overview

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  20. What is MoSCoW Prioritization?

    MoSCoW prioritization, also known as the MoSCoW method or MoSCoW analysis, is a popular prioritization technique for managing requirements. The acronym MoSCoW represents four categories of initiatives: must-have, should-have, could-have, and won't-have, or will not have right now. Some companies also use the "W" in MoSCoW to mean "wish.".

  21. The Moscow Chamber of Commerce: Visit Moscow, Idaho

    Welcome to Moscow. Home to the University of Idaho, Moscow (aka Fest City) is known for its lively celebrations and charming hometown vibe. Whether you're exploring picturesque landscapes, rocking out at a music festival or indulging in mouthwatering local cuisine, this welcoming city offers an array of experiences for every style of adventurer.

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