Business Plan Product Of The Wild 164 West Wrentham Road 401-658-5212 Quincy Xavier Munoz This document is confidential. Table of Contents Table of Contents ................................................................................................................ 2 Executive Summary ............................................................................................................ 3 Vision/Mission Statement and Goals .................................................................................. 4 A. Vision Statement ........................................................................................................ 4 B. Goals and Objectives .................................................................................................. 4 C. Keys to Success .......................................................................................................... 4 Company Summary ............................................................................................................ 5 A. Company Background................................................................................................ 5 B. Resources, Facilities and Equipment ......................................................................... 5 C. Marketing Methods .................................................................................................... 5 D. Management and Organization .................................................................................. 5 E. Ownership Structure ................................................................................................... 6 G. Internal Analysis ........................................................................................................ 6 Products and/or Services ..................................................................................................... 7 Market Assessment ............................................................................................................. 8 A. External Analysis ....................................................................................................... 8 B. Customers ................................................................................................................... 8 C. Strategic Alternatives ................................................................................................. 8 Strategic Implementation .................................................................................................. 10 Financial Plan.................................................................................................................... 12 A. Financial Projections ................................................................................................ 12 B. Contingency Plan ..................................................................................................... 12 Monitoring .........................................................................Error! Bookmark not defined. 2 Executive Summary This section is a summary of the information from the pages that follow. Prepare it last, after the business plan has been written. It should not exceed two pages. Headings to use in the Executive Summary: A. Vision/Mission Statement B. Company Summary C. Products/Services D. Market Assessment E. Strategic Implementation F. Expected Outcomes 3 Mission Statement and Goals A. Mission Statement Create mid to high fashion for urban by taking an artistic approach that's both casual and daring. B. Goals and Objectives Product of the Wild has ambitions to be the number #1 selling urban high fashion brand in America. Due to the connections made and people affiliated with the project the possibilities are endless. We have plans to engage our fans in our making of the clothing by there work in for a seasonal contest in which the winner gets there art on the upcoming seasons line getting a 3% commission on every shirt sold. C. Keys to Success At this point of the business’s progression I cannot procrastinate I must deliver due to the build up I have been working towards. I am dedicated to this movement and I will eat sleep and breathe Product of the Wild until I know I can rest, and even then I will still work hard because you can always do better and enough is never enough. 4 Company Summary The material in this section is an introduction to the firm. A. Company Background Our business creates mid to high fashion recreating past clothing into a new fresh style also showcasing art from POTW’s followers. I founded Product of the Wild October 2012. Important milestones where all the connections made over the past few months. We have made connections with different artists and musicians to showcase our products when they are released, also creating a buzz by sponsoring artists under the name to create a buzz for the culture as a whole. B. Resources, Facilities and Equipment I use different fabrics and styles of shirts depending on the product. We eventually after a long time to have a company create our T shirts for us but for now I make the T-shirts on my own. C. Marketing Methods My company presently doesn’t make any money due to the fact that we haven’t released anything. But the name is trending all over twitter with big names on the underground scene that are working there way towards mainstream. Success is almost guaranteed but I am trying to do more than just that. I want to make this huge and I believe in 3-5 years through my connections it can be just that. D. Management and Organization Team: Indolympus Maximus, Blackout, Saiyan, GIIO, Xavier Wild All the people on the team work on music and promotion in there own way. So presently nobody has a certain label because in our business we don’t like to do that because it can give people a big head. But if we did have to put a label on things I would be considered the CEO of the company and the rest artists/ promoters. We are presently paying anybody salary. The money will come as well as the fame. They are doing it more for the music not for the clothing brand. Everyone in the group except saiyan and I are college students, but both of us will be graduating this year. The groups reputation is at a great start up. We are known as low key, versatile, and having a strong work ethic. We are all very versatile with our artistic approaches, but we all have distinct backgrounds with our nationalities, lives, We presently do need someone who can manage all of us on the low just to keep everything together so we don’t break too loose. But I think for the time being we are doing well on our own. 5 E. Ownership Structure Well we just plan on trademarking the name because it is mostly the name that gets people interested at first. F. Social Responsibility We don't really use any hazardous chemicals or anything like that so we are pretty much safe on this aspect. G. Internal Analysis Are strengths are our name, our crew, the brand, the relevance of the name. We also have our strength with social networking especially since we all have fans in our own areas. The diversity of our locations allow us to spread our word to so many different crowds and since all artists are so different we can reach a larger crowd once everyone finds out about us which won’t be long. 6 Products and/or Services We sell mid to high fashion for the urban youth. The reason we are different is because in urban fashion a lot of clothing is pretty much crew necks, t shirts, and the names are trendy. With a name like Product Of The Wild we can do so many different things. One of our products we plan on creating is the T-Shiki. It takes the design of the Dashiki and puts it on a t-shirt making it fitted and fresh but original. 7 Market Assessment A. Examining the General Market The market has currently high fashion clothing and Urban fashion clothing. Combining both would be difficult because many people would probably end up putting us in either or depending on how it goes. The general market does not necessarily need a brand like this but that's because no one is aware of it and wouldn’t expect something like this. A lot of brands are being “daring” but there doing it in science sort of way and not taking an artistic approach. B. Customer Analysis Our customers will be between the ages of 15-28 You can be both urban and elegant at the same time with product of the wild. C. Industry Analysis Thee hip hop fashion trends of the 2000s were all over the place and changed constantly, with the continue (balla) type image meaning extra baggy clothes, jerseys,and continue of bling. During these years there was a heavy celebrity influence among fashion trends. Hip Hop artists made brands like Gucci and Louis Vuitton popular amongst the hip hop community, where most initially used hip hop as a way to a better life. Throughout these years many fashion trends from the 80s and early 90s were made popular again, when we see the rebirth of the door knocker earring and form fitting jeans for males. We also see bright colors being used and cartoon graphic print hoodies by Bathing Ape made popular by artist and producer Pharrell. Females could not get enough of high heels in all different forms and many ideas were crossed and we saw things like the open toed boot.[10] In recent years the hip hop world has seen a resurgence of old fads as well as the emergence of new ones. The last few years of the first decade of the new millennia gave rise to the popularity of tattoos covering artists from head to toe. Soulja Boy, Wiz Khalifa, Lil' Wayne and Tyga are all examples of artists that have set the trend of being completely "tatted up. "[11] Although having tattoos is nothing new to the music industry, never have tattoos been so pervasive in the hip hop industry. Tattoos covering the face and the head have also become increasing popular. For example artists such as Birdman 'Baby' Williams now sports a star tattoo on the crown of his head, Gucci Mane proudly boasts an ice cream tattoo on his right cheek, and Lil Wayne on his eyelids and forehead.[12] One cannot speak of fashion trends without mentioning the importance of hair styles, particularly for women. In the past few years there has been a resurgence of the asymmetrical hair cut with a contemporary spin. Stars such as Rihanna, Cassie and Kelis have all dared to be different by setting the new trend of the half-shaven head.[13] The reemergence of Adidas track jackets and the use of fashion scarves have been some of the latest trends to hit the hip hop fashion scene. Adidas track suits are certainly not new to hip hop culture as they have been around essentially since 8 commercialized hip hop was created, however they have recently once again become popular. Fashion scarves have also become popularized in recent years. Kanye West is the most recent artist to launch his own line of products by selling decorative scarves with provocative depictions, named Risque Scarves.[14] Skater Fashion has been used on Hip-Hop scene this 2010-2011 including Knit Caps, Bonnets, Fitted Pants or Shorts, Vans, Nike SB (Skateboarding), Shirts with sleeves, Printed Tees (brands like OBEY, Stussy, Adidas, Supra, Circa, DC, RDS, Emericas). Chris Brown, Tyler the Creator & Lil' Wayne wear this once or twice on their music videos & concerts. Whale tail peeking above low rise jeans The rebirth of the 90's Snapback Caps is the most notable sign of the New School Throwback Image. The "New" Snapback hype started around mid-2010. Around late2010 and early-2011, the "New" Snapback movement exploded. Starter Clothing Line manufactured the most sought for Snapbacks in the 90's, and made its return in the Coming of Age as the hype for snapbacks grew, many of the well-known hat companies started to sell snapbacks, such as New Era, Mitchell & Ness,Reebok, Adidas, and many more companies followed suit. There are many notable artists are credited with the comeback of Snapbacks by sporting gear from a company named Ti$A VI$ION. Chris Brown, Tyga, and Big Sean are among the early supporters of this company since the Spring of 2010. Many urban fashionists credit Mac Miller, a well-known YouTube MC, with starting the hype with the release of his song entitled "Snap Back, " which was on his mixtape The Jukebox: Prelude to Class Clown, released in June 2009. This was earlier before the "New" Snapback hype started to take root in Hip-Hop culture. Much controversy surrounds this topic of who started the "New" Snapback trend. It is enough to say that snapbacks now have an importance when it didn't matter back in the day. Many arguments of Snapback Caps almost leave the originators of the "Original" 90's Snapback trend bewildered. Before they were seen as items to show support to the local teams of the states. It's as though the true meaning of Snapback Caps is gone. Examples are seen today with the overpricing of Snapbacks. Snapbacks in the 90's went for $10–$15. Now the prices range from $25–$70. Snapbacks have now become a business proposal with a reception of major profit. Modern hip hop fashion includes low rise, whale tail for girls, skinny jeans, graphic tees, snap back. Also sports wear, basketball and skateboarding shoes, hoodies, piercings in one ear or both, leather jackets, sleevless shirts, polo shirts, saggy pants, bikini top for girls, crop tops, tube tops, tanks tops and cropped t-shirts. 9 Strategic Implementation A. Production New Urban arts and then from there a manafacturer I will start a cult trend that will carry on and evolve with time We have something different and original and in today’s industry that’ s what is selling. We will need blank t shirts and all of that. What growth options will you use to develop the business unit? Enterprise Expansion Replicate Integrate Network What is the anticipated timeline? 1 year, grow a networking system have sales on the underground 2 years go global 3 years Above and Beyond B. Resource Needs In order to effectively organize your business you need to insure the resources are available. Assess those needs here. a) Human We need a really good fashion designer and I believe that we will. b) Financial We presently don’t need a lot of money but the 500$ to get the name trademarked would be a great help. And Maybe another 500 to start the summer line. c) Physical Nothing presently that comes to mind. C. Sourcing/Procurement Strategy The quality will be high but the prices will be reasonable but still I wouldn’t call all of the products 100% affordable varying on the product. D. Marketing Strategy Social Networking is our biggest sales plan We plan on getting into urban outfitters in the long run or even Nordstrom depending on the direction companies see us in. I will be using open contracts The simple products can be bought at stores but the true designer products will only be sold online and be limited. a) Hedging, forward pricing, options We will talk this over when we reach that part of the business. 10 b) Contracting We will probably have contracts but at the moment we are mostly sticking to online marketing. c) Insurance We will need to trademark the name so no one can steal the name. E. Performance Standards We will have plans every month Make a plan for money and for products A lot of people can procrastinate We want to have our company at a cult status We will monitor each other we all know what we have to do I am mostly the person who will be making sure everyone is doing there job. 11 Financial Plan A. Financial Projections We need investors Around 1,000 Investors at my school We don’t really need leasing I will be managing the risk of the financial aspects. We will have spending limits and plans for the money we are using. We will be monitoring income, the things we have to pay for, and all the money we plan on making the next quarter. We will use excel to monitor the expected profit and the actual profit and budgets per quarter We plan on making large amounts of money, and we will have great success. We plan on cult status as we said and this will be a big clothing brand and I can feel it not only that but I see it happening. B. Contingency Plan We have money set up and everything like that but we don’t plan on failing since we already started proving our success. 12