485043510 | Application Preview
The business is applying for grants to support the purchase of inventory, equipment, and supplies essential for ongoing operations. The owner plans to explore renting space in commercial retail shops to sell products and is interested in gaining experience at trade shows, with the possibility of establishing a dedicated retail space and hiring staff based on performance.
The application highlights a committed customer base with returning clients and an understanding of the local retail market, which seeks fair pricing that high-end retailers often do not provide. Customer feedback has been positive, and the applicant emphasizes a commitment to customer service, which has allowed them to maintain profitability by selling at reasonable prices.
Having previously worked in the hotel industry for seven years, the applicant faced challenges during the Covid-19 pandemic, which led to a mutual agreement to part ways with their employer. Their personal circumstances necessitate a specific work environment, and they see significant potential for personal and financial growth in this new venture.
In terms of competition, the business faces high-end specialty shops and online sellers. However, their competitive advantage lies in their dedication to customer satisfaction, responsiveness, artistic presentation of products, and fair pricing, which they believe will foster customer loyalty. Overall, the applicant is seeking funding to enhance their prospects for success and achieve financial independence in their new business.
-
General Information
Business Registration Number: Aura Bliss Crystals
Location: CLARKSVILLE, IA, United States
Length of Operation: Less than one month
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
-
Funding Usage
To purchase inventory, equiptment and supplies.necessary to continue operation.
-
Business Plan
I plan to inquire about renting space in commercial retail shops to sell my products. I would like to expand my knowledge of selling at trade shows and have mulled over the idea of renting a commercial space to set up my own shop and hiring employees, depending on whether or not I continue to do so well. I have already created a committed customer base and have acquired return customers. I understand the market in this area of retail. People are looking for a fair deal which other high-end sellers or shops won't offer them. I put my customers first every time and have received some lovely feedback and requests for special items and/or services. I am able to do all of this while still making money as the items I'm purchasing are able to be sold for much over what I pay while still not taking advantage. I worked in the hotel industry for almost 7 years prior to this endeavor. I had been in the early planning stages when my former employer and I came to the mutual agreement that it was best to part ways due to circumstances surrounding Covid-19 and I need to work in certain environment due to disability and would like to continue this path. I see a great potential for expanding my earning potential and achieving financial independence. But I will need as much of a boost as I can get to go forward successfully.
-
Self Identified Competition
My competitors would be high-end, specialty retail shops online, physical shops in various locations, and other sellers running the same operation online. I take my customer seriously. I'm highly responsive to their needs. I take extra care to showcase my items both artistically and according to their taste and needs. I offer fair pricing and excellent customer care. And believe that if you take care of your customers, they will take care of you.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
