Whenever one wants to start a luggage storage business in Amsterdam a clear business plan is needed to start and run the business. What is a business plan? What are the parameters that need to consider to draft the best business plan? A business plan is a written document that clearly indicates the objectives and goals of the business. It includes finance, operation, and marketing too. Let us see some of them here.
Finance Plan: The first and foremost thing that needed to consider to start the business is finance. The Business demands financial support in many ways and the one needed to identify those while drafting the plan.
Startup Cost:Usually the luggage storage amsterdam business needed less cost compared to other businesses. Leasing or renting the commercial place, Purchasing the required materials such as racks for storage and tables, etc., and getting insurance to the business are certain major costs involvedduring the initial period.
- In case the business owner wants to reduce the cost of these major expenses then the concerned owner may rent or lease the place for a low cost in the right place even thespace is less. In case the owner looks the place out of the hot spot to reduce the cost of the place, then the business will not attract many people and leads to failure.
- The Rack is not a mandatory one and if having then can store more luggage in that. In the initial period, the owner may avoid the rack system and it considerably will reduce the investment cost.
- In the initial period itself, insurance is mandatory but to reduce the cost we may take the Insurance for a specific period alone instead of the full package. This also will greatly reduce the initial investment cost.
Ongoing Cost: Ongoing cost to run the luggage business is comparatively low and that
includes Rent, insurance premium, costs related to utility, and employee salaries if any.
Operation Plan: This includes the process related to the operation of the business. In this identifying the targeted people is more important. The primary target of this business is the visitors who don’t have the option to carry the luggage. Specifically, the people visiting the city for only one day, people visiting the city for a shorter period of time.
The operationshould focus on how to make money in the business. The very important decision that needs to take here is the price for the service provided to the customer. This should be carefully fixed because the affordable price will attract more customers.