Grand Opening!

The grand opening for mja3j will be held on December 1, 2013 at 2:00pm. There will be a ribbon cutting ceremony to start things off. After that has occurred the guest will be able to come into the store and see it for the very first time and also look at the merchandise. If they so desire they will be able to purchase some items. During this time they can also hang around enjoy the music and food, which is provided by my grandmother, for free, who has worked in the catering business. The opening will just be a chance to introduce the label so that people are aware of what we offer.

mja3j’s Staff and Payroll!

mja3j will be open Monday – Thursday 10am – 7pm, Friday 10am – 8pm, and Saturday 10am – 8am. The store will closed on Sundays to give people time off to enjoy as they please. There will be a total of 8 employees, 1 full time manager, 2 part time supervisors, and 5 part time sales associates. The manager will work a total of 42 hours a week, which is 7 hours a day and will chose on their own how to spread out those 7 hours during the day. The manager will make $10 per hour to total an estimated $1680 a month. The supervisors will work 28 hours a week each, one working Monday, Wednesday, Friday while the other works Tuesday, Thursday, Saturday and they will trade off every other week. Supervisors will be paid $8 an hour to earn an estimated $896 a month each. As for the sales associates during the week each will work 16 hours, up to 2 workers in the store at a time during the week and up to 3 over the weekend. They will be paid minimum wage, $7.25, to come to an estimated total of $464 a month each. When all of this is totaled together, with the salaries paid to the two owners at $800 a week / $3200 a month each, the payroll for 6 months will be an estimated $73,152.

Sales Plan!

The sales plan for the store of mja3j will be calculated, as estimates, according to the daily transactions and the average amount of these transactions, which is $40. For the month of February, since the holiday of Valentine’s Day is in the month, we expect Monday-Thursday 35 transactions per day, Friday 50 transactions per day, and Saturday 70 transactions per day. For the month of March and April we expect Monday-Thursday 30 transactions per day, Friday 45 transactions per day, and Saturday 70 transactions per day. During the month of May since the weather will be starting to get warmer we expect more customers coming in to update their wardrobe, Monday-Thursday 40 transactions per day, Friday 45 transactions per day, and Saturday 75 transactions per day. In June Father’s Day takes place so there will be customers coming in to buy gifts, Monday-Thursday 40 transactions per day, Friday 50 transactions per day, Saturday 75 transactions per day. Finally, in the month of July we anticipate it to be like the months of March and April. So according to these numbers the estimates for each month are as follows:

February $41,600

March $40,400

April $40,000

May $51,200

June $47,200

July $41,200

Total 6 Months’ Sales $261,600

Works Cited!

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Get Started – Business Insurance Quotes. (n.d.). The Best Business Insurance Rates and Business Insurance Information at NetQuote. Retrieved November 7, 2013, from https://www.netquote.com/quotes/business-insurance.aspx

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APA formatting by BibMe.org.

Advertising Campaign!

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This one page advertisement will appear in the Nashville Scene during the months of January and February as a one page ad that will cost $3,250 for each month.

*Advertising information provided by Chelon Hasty, Nashville Scene Sales Operations Manager.

Social Responsibility!

Recycling

Any paper that is used during any process from beginning to end will be recycled, we will partner with a manufacturing company that also recycles so that that will be included in the efforts. Any paper, packaging, bags, etc that we use will be made from recycled materials. We will also sell reusable bags for $5.00 to customers so that they can use those when they shop with us to cut back on the numbers of bags we use.

Giving Back

Since the company is one for men and all about dressing them for success, mja3j will donate clothing annually to the CareerGear organization that helps low income men enter the workforce by providing them with the essential clothing they need. You can read further details about their organization here: http://www.careergear.org/about/