Project Proposal PaperThe purpose of this paper is getting some experience in working with planning a project from start to end. It has decided to take on a huge project of planning to open a business. During this project, the team will be learning how to prepare the necessary documents needed for a project to succeed and staying within the project parameters.
BackgroundBeing tired of working for a small wage and unreasonable work conditions Vanessa Fletcher, Tricia Wallace and Virginia Waugaman have decided to open a Medieval/Mystic Curiosity Shop. When on a vacation to Mackinaw City Michigan, a similar shop was visited and the comments from the customers within the shop were just amazing. When communicating with one of the shops owners the information gained was extraordinary. The owner informed Vanessa, Tricia and Virginia that there were two other stores that they had and were doing the same or more business than the one visited.
After researching other similar shops the information gained was that this particular shop does well where tourist destinations that have unique shops. People will not go out of their way to find such gift shops so the shop will need to be where there will be a lot of foot traffic going in and out of stores. An area to place the shop has been agreed upon so finding the store within that area should be easily obtained.
Business StakeholdersThe main stakeholders for Medieval/Mystic Curiosity Shop will be Vanessa Fletcher, Tricia Wallace and Virginia Waugaman. Other stakeholders for Medieval/Mystic Curiosity Shop will be the bank that helps fund the venture, vendors for the products that will be sold within the shop and customers. The customers are the ones that will make or break the business. Shops such as this one rely on satisfied customers and...