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The ArtSphere Gallery School of Art (ArtSphere) began its operations in September of this year after expanding from its former back room into the full 787 square foot facility on the corner of Main and 1st Streets in Birmingham, AL. Since September the business has grown substantially, but in an unordered way. This business plan is being written to set a rational framework for growth to maximize profit potential. Successful realization of this plan will produce increasing profits annually by the end of the third year.

As the afternoon market sector (22% of total capacity) is already nearly fully booked, a secondary objective is to fill the evening hours (Monday through Thursday) 7:30 P.M. to 9:30 P.M. These eight hours are easier to fill. This goal should be reached by the end of Month 5.

NCC will show modest profit from month one. Margins are forecasted to be at 50%, due to the ability to buy wholesale. Sales in the first full year will be slightly over $300,000. We are projecting conservatively a growth rate of 5% the first three years and 20% thereafter, even though existing art supply stores are reporting growth of over 30%. We budget conservatively, but have great vision.

NALB Creative Center's mission is to support and contribute to the community of artists and crafters by offering quality, name brand supplies to accommodate customer needs; by hosting and supporting shows, events, classes and contests; and by promoting the island as an artist's oasis and destination.

Starting a business involves planning, making key financial decisions and completing a series of legal activities Step 1: Writing a Business Plan This written guide will help you map out how you will start and run your business successfully. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html , http://www.bplans.com/ or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Go to http://www.score.org/mentors and enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE mentor. They will guide you through the process and you can meet with them as many times as you need. Step 3: Choose a Business Location Get advice from a commercial real estate agent and a SCORE mentor on how to select a customer-friendly location and comply with zoning laws. Step 4: Finance Your Business Find government backed loans, venture capital and research grants to help you get started. Any bank will require a business plan that shows that you can pay back the loan. You should have a credit score of at least 700. You will personally have to put up 30% of the funds as no bank is going to assume all of the risk. If you cannot get a loan, look at peer to peer lending sites such as http://www.kickstarter.com/ and http://www.prosper.com/ Step 5: Determine the Legal Structure of Your Business Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. If you decide to become an LLC, you can do it yourself by going to your state s website and then to the Secretary of the State section. There you will find a downloadable form. Fill it out and mail it in, together with the filing fee and in about a week, you will be an LLC. Step 6: Register a Business Name ("Doing Business As") Register your business name with your state government. Go to your state s website and then to the Secretary of the State section. Step 7: Get a Tax Identification Number Learn which tax identification number you ll need to obtain from the IRS and your state revenue agency. http://www.irs.gov/businesses/small/article/0,,id=98350,00.html Step 8: Register for State and Local Taxes Register with your state to obtain a tax identification number, workers compensation, unemployment and disability insurance. Step 9: Obtain Business Licenses and Permits Get a list of federal, state and local licenses and permits required for your business. Your local Chamber of Commerce and SCORE mentor can help. Step 10: Understand Employer Responsibilities Learn the legal steps you need to take to hire employees. http://www.irs.gov/businesses/small/article/0,,id=172179,00.html Step 11: Understand your environmental, health and safety obligations. Ensure that your business meets EHS (environmental, health and safety) regulations. http://www.osha.gov/dcsp/compliance_assistance/quickstarts/index.html

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It only sounds like an idea. Now you need to write a business plan to prove that your idea is workable. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.

The ArtSphere Gallery School of Art (ArtSphere) began its operations in September of this year after expanding from its former back room into the full 787 square foot facility on the corner of Main and 1st Streets in Birmingham, AL. Since September the business has grown substantially, but in an unordered way. This business plan is being written to set a rational framework for growth to maximize profit potential. Successful realization of this plan will produce increasing profits annually by the end of the third year.

As the afternoon market sector (22% of total capacity) is already nearly fully booked, a secondary objective is to fill the evening hours (Monday through Thursday) 7:30 P.M. to 9:30 P.M. These eight hours are easier to fill. This goal should be reached by the end of Month 5.

NCC will show modest profit from month one. Margins are forecasted to be at 50%, due to the ability to buy wholesale. Sales in the first full year will be slightly over $300,000. We are projecting conservatively a growth rate of 5% the first three years and 20% thereafter, even though existing art supply stores are reporting growth of over 30%. We budget conservatively, but have great vision.

NALB Creative Center''''s mission is to support and contribute to the community of artists and crafters by offering quality, name brand supplies to accommodate customer needs; by hosting and supporting shows, events, classes and contests; and by promoting the island as an artist''''s oasis and destination.

Did you know that Venture Capitalists, Loan Officers, and even Angel Investors have a very specific way they want and expect a business plan to look?

If any part of your plan doesn’t match what they want and are used to, that’s it. They’ll never look again, and they certainly won’t invest.

The recession has taken its toll on some of the best retail locations in the country, and landlords are ready to grab any rental opportunity that will fill space and advance the demographic quality of a storefront area property. Opening an art gallery has never been easier, or more profitable.

You will be selling to those customers who were least likely to be hurt by the recent economic turbulence. The risk is lower than ever, and costs are the lowest they’ve been in twenty years.  Wait a few years and all that great vacant retail space will be gone.

The ArtSphere Gallery School of Art (ArtSphere) began its operations in September of this year after expanding from its former back room into the full 787 square foot facility on the corner of Main and 1st Streets in Birmingham, AL. Since September the business has grown substantially, but in an unordered way. This business plan is being written to set a rational framework for growth to maximize profit potential. Successful realization of this plan will produce increasing profits annually by the end of the third year.

As the afternoon market sector (22% of total capacity) is already nearly fully booked, a secondary objective is to fill the evening hours (Monday through Thursday) 7:30 P.M. to 9:30 P.M. These eight hours are easier to fill. This goal should be reached by the end of Month 5.

NCC will show modest profit from month one. Margins are forecasted to be at 50%, due to the ability to buy wholesale. Sales in the first full year will be slightly over $300,000. We are projecting conservatively a growth rate of 5% the first three years and 20% thereafter, even though existing art supply stores are reporting growth of over 30%. We budget conservatively, but have great vision.

NALB Creative Center''s mission is to support and contribute to the community of artists and crafters by offering quality, name brand supplies to accommodate customer needs; by hosting and supporting shows, events, classes and contests; and by promoting the island as an artist''s oasis and destination.

Did you know that Venture Capitalists, Loan Officers, and even Angel Investors have a very specific way they want and expect a business plan to look?

If any part of your plan doesn’t match what they want and are used to, that’s it. They’ll never look again, and they certainly won’t invest.