Redds Palace | Application Preview
Redds Palace is seeking government grants to fund a comprehensive business plan that focuses on expanding its brand through social media marketing and product offerings. The requested funds will enable the owner to commit fully to advertising, product development, seminars, and essential team hiring, including a social media manager, photographer, models, and a website designer.
In the first year, the plan emphasizes building a strong online presence with 50 posts weekly across platforms, acquiring a vendor list, sourcing products, and collaborating with models of diverse backgrounds. The second year aims to generate revenue through various channels, facilitate pop-up shops, and host a fashion show, engaging with 20 vendors.
By the third year, Redds Palace plans to introduce a children's sports clothing line and increase vendor partnerships to 30. The goal for year four includes reaching 100,000 followers on social media and expanding to 50 vendors, leading to the launch of the children's sports line. By year five, the business aims to be fully operational, establishing both its fashion and kids' sports lines.
The applicant highlights a strong work ethic, extensive sports experience, and a solid business education, reinforced by a legal background from a position at New York Life and previous entrepreneurial ventures. Despite recognizing the lack of direct competitors, the applicant emphasizes the need for funding to build a supportive team and scale the business into a successful brand.
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General Information
Business Registration Number: 3-20788-6978-4
Location: Dallas, TX, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
This money will first allow me to dedicate 100% of my time for advertising, products, seminars , shipping equipment. Vendor list , social media manager, photographers, models. I would also like to branch out to sports clothing eventually to start getting myself involved in sports clothing
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Business Plan
Through social media is how I will grow my business. I’m decimated and have also done research on analytics. I’ve also seen the potential money to be made in this market. Year 1: hire a social media manager: I need a total of 50 post a week through all social media platforms Hire a photographer (part-time) need constant content Attend vendor seminars: it cost for vendor list Find 5 different vendors: have samples sent Hire models- want all colors, shape and sizes Buy products for men and women Hire website designer Year 2: need to be generating money from all social media platforms Open pop up shops Have 20 vendors Keep attending seminars Have a fashion show Year 3 Start children’s sports line Reach out to small communities Have 30 vendors Hire team of 10 2 -full time 8 part time Year 4 Have over 100k followers on each social media platform Be able to hire employees full time Have 50 vendors Redds palace release children’s sports Year 5 Fully operating redds palace- fashion Redds palace -kids sports Investors should invest in me because I have the work ethic. I’ve played sports 15 years of my life (started every year) so I understand how to create a great team. Went to college and obtained an amazing education in business so I have the knowledge .obtained a great job with New York Life, so now I have legal background. I’ve also had other small business growing up so I understand the hustle. I moved to Dallas to work hard and I am currently working 3 jobs single with no children trying to fully operate a business. I have the drive and knowledge. I just need the time and money.
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Self Identified Competition
I don’t have competitors because I’m branching Redds Palace into an empire, it will be a company that reaches many limits I don’t have the funds to creat the team that I need to be successful. I’ve came such a long way now I just need help to go further.
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Contact Applicant
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