Arts and Crafts Business Plan (Key Writing Elements)
It can be said that comprehensive plans certainly do take many resources to formulate and appear as formidable documents. These large plans do however still follow a basic structure which is fleshed out to suit the purpose that the business needs the plan for. The process of writing a plan for your own business is also a great journey that will allow you to focus and elaborate on each element resulting in a clearer business path.
There is no specific right or wrong way to write a business plan but the seven key elements as mentioned below will be suitable for nearly any arts and crafts business.
1. Executive Summary
This section is often written last as almost a precis of the body of the plan. Normally the purpose of the arts or Craft business and how you intend to achieve this purpose is written in a very succinct manner.
How Do I Sell My Crafts?
If you don’t know the answer to this question, how do I sell my crafts?, you really should stop what you are doing right now and think long and hard, do you know exactly how you sell your crafts?
Now it’s easy to quickly say of course I do, I sell at crafts fairs and through ebay. OK, that’s good, that’s a start. But that doesn’t really answer how you sell your crafts, it doesn’t explain your strategy. For example you might turn up at each craft fair you do, simply lay your items neatly out on the table and wait for customers to buy. Continue reading
First Steps First
As a crafter you have probably been thinking about building a serious business around your creative efforts for a very long time. The steps for doing so may seem a little vague and that is where this blog will help. My goal is to outline step by step every conceivable way to sell, promote, publicise, and build your crafting business.
First, you must consider whether you will be selling retail or wholesale. Although many crafters, especially at first, do both, I tend to discourage this. Retail stores will not be pleased to be competing with YOU in the retail arena and they don’t take crafters seriously that try to juggle both. If you must try one method first and then the other, try retail first and then wholesale once you have gained enough capitol to make the move. Continue reading
