Financial Projection

Key Highlights

• Client: Lake Champlain – Lake George Regional Planning Board (LCLGRPB)
• Industry: Retail & Artisan Goods
• Services: Financial Strategy, Business Planning, Market Analysis
• Impact: Developed a structured business plan, created a financial model, and provided a roadmap for market entry

The Challenge

A boutique aimed to launch in Schroon Lake, NY, focusing on ethically sourced, high-quality products from local artisans. The client needed funding to complete renovations, a clear business strategy, and financial planning to ensure long-term sustainability.

Our approach

Phase 1: Business Plan Development

• Created a structured business plan outlining the boutique's vision, mission, and unique value proposition
• Defined short- and long-term goals, focusing on vendor partnerships, community engagement, and financial growth.

Phase 2: Financial Strategy & Funding Support

• Developed financial projections, including revenue forecasts, pricing strategies, and cost analysis
• Assisted in securing a $114,000 loan for renovations, inventory, and capital reserves

Phase 3: Marketing & Community Integration

• Provided a marketing plan emphasizing storytelling, social media engagement, and partnerships with local businesses
• Recommended targeted promotions, seasonal campaigns, and customer loyalty initiatives

Results

• Secured funding to complete final renovations, preparing for a Winter 2024 launch.
• Financial model ensuring realistic revenue projections and sustainable operations
• Community-focused strategy to establish the boutique as a destination supporting local artisans