Scraps of Hope Designs | Application Preview
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General Information
Business Registration Number: 013828368
Location: Lincoln, NE, 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
I would use the funding to purchase inventory, store displays and additional tools for my woodworking (sign making), and furniture refurbishing equipment.
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Business Plan
As I continue to grow the business and add additional retail items from wholesale distributors, I will also grow the online portion of my business through marketing on social media, as well as my own website. I want to offer one-on-one painting classes for my customers as well. My goal is to have enough revenue to hire a salesperson to man the retail location so that I can continue to rehab furniture and create new home furnishing pieces. By doing so, I will have more one-of-a-kind items for my ever growing customer base. I plan to create a monthly newsletter/sales bulletin to email my customers that have opted in during their original purchase transaction. I am a very hard worker and take pride in everything I do. I have made wooden home decorations for over 20 years and it has been my dream to have my own sales location for just as long. I studied many aspects of business in college and I feel very prepared to take my hobbies to the next step at this point. I have worked in retail for over 5 years and I know what it will take to make it work: dedication, planning, and follow through to my customers and their needs. I am married, stable and ready to build a business from the ground up.
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Self Identified Competition
I don't know that I will have any competitors that can offer what I can to my customers. I do custom furniture restoration, make handmade wooden signs and decorations and I will retail the items I personally use. Sherwin WIlliams and big box stores carry paint products but don't offer individualized services (commissioned painting, one-on-one paint classes, etc) like I do. Craft stores sell the products I use to make home decor, but don't offer customized signs like I do. My business is customer service and satisfaction first. I have found that this is a lost art in most retail establishments. By getting to know my customers, and their individual needs and wants, I feel that my business will stand out over any other.
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Contact Applicant
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