CRAFT SHOW TIPS

Craft Show Business Plan

It's not absolutely essential to write a craft show business plan if you're not seeking a loan or partner, however, it can help you focus your business goals from the start. There are numerous books and Web sites on how to write a business plan, and most will fit with craft shows just fine.

The most crucial elements are the financial projections--which include your estimated income and expense for the next several years--and the marketing plan. The marketing plan helps you identify your target audience and how you can best find and serve them. This is essential as you develop your craft show product and find the right shows at which to sell.

If you are seeking capital or a partner, you will probably need a complete business plan. If doing this overwhelms you, contact your local Small Business Administration, Small Business Development Center, Chamber of Commerce or local universities to find help with developing a professional business plan for your craft show company.

You may also seek advice from an attorney to decide what business entity yours will be--a sole proprietorship, a partnership, a limited liability company or a corporation.

I hope this small tip has helped you in some way. I always believe to cover all bases when running any business. It's always best to be safe than sorry. :-)

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