Family Business Plan

Family Business Plan-46
Based upon conservative market growth projections, once start-up funding is secured, the company expects to generate very healthy sales revenues in Fiscal Years 1, 2 and 3.Re Habiliments, (Re Habiliments) is a clothing and apparel business with principal offices located in Sandybar Harbour.

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Typically, family business owners consult with a variety of professionals in developing their succession plans — lawyers, accountants, bankers, financial planners, insurance advisors, merger and acquisition consultants and management consultants.

Too often, these professionals find it difficult to proceed because their client has yet to make a number of personal and family decisions that will drive the planning process.

As a socially responsible company, Re Habiliments contributes to the world's obligation for the protection of the environment, contributes to the economic strength of society, and functions as a good corporate citizen on a local, regional, national, and global basis.

Re Habiliments' management recognizes that the company must establish concrete goals that assist management in determining whether or not the company is achieving corporate objectives.

Succession planning is the process of pinpointing key needs for leadership and intellectual talent throughout the organization over time and preparing individuals for present and future work responsibilities.

In a family business succession planning involves: …each at the individual, family and business levels.

Re Habiliments markets its product line as "Re Hab Your Wardrobe - Re Hab Your World," and commits a portion of the company's sales revenues to programs that transform the lives of the less fortunate and abolish the exploitation of children forced into activities such as scavenging, rag-picking or marginal economic activities in the streets, drug trafficking, criminal activities, physical and sexual abuse, forced labor, debt bondage, and prostitution."Re Habiliments," is the brainchild of L. Emlynes had the apparel designed and silk-screened and then negotiated with two clothing stores in the Sandybar Harbour area to carry the clothing.

In less than one week, both stores were sold out of the apparel. Emlynes conceived the idea of carrying the music group's marketing strategy one step further and developing an entire clothing line around the concept of "harmony." After brief negotiations with the group, it was mutually agreed that since Mr.

Re Habiliments, established as a Limited Liability Corporation, is a clothing and apparel business with principal offices located in Sandybar Harbour.

The company sells trendy clothing and apparel, such as casual and active wear, head gear, work-out gear, leather coats, and baseball jackets to an international market consisting of individuals of all ages, from all walks of life. Emlynes developed the idea of promoting the group and increasing revenue by selling tee shirts and sweat shirts bearing the group's name, logo, and slogan - "There is Strength in Harmony."After purchasing 0 in clothing (e.g., tee shirts and sweat shirts), Mr.

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