Business Development InternBookmark This
DescriptionMijou Jewelry is a fine jewelry designing and manufacturing company. We are a father and daughter team that designs contemporary fine jewelry in precious metals and stones. We are multiple time award winners and passionate about what we do. For more information about who we are and what we do, visit www.mymijou.com
Mijou Jewelry seeks top undergraduate and graduate students who are currently enrolled in business, administration, management, project management, fashion or jewelry design, and related programs for its Business Development Program. Candidates should have strong analytical and project management skills, an interest in consulting, strategic planning and project management, and the desire to contribute to the future an upcoming business in the jewelry industry.
The Business Development Program will comprise of one or more interns. The Business Development Intern will be responsible for developing, recreating and refining the company’s business concept and business plan. Over the course of the internship, each intern will work closely with management to conduct strategic, operational and financial analyses. This will include a company-wide, multi-year business plan as well as more targeted analyses, such as developing services or marketing and outreach strategies. The position is extraordinarily multifaceted; as an intern, you will be expected to develop the company’s strategies in the following areas:
ResponsibilitiesCompany and Product Information:
•Analyze and document information about the company and founders in an in-depth manner as part of a finalized business plan. Tell the story of the company in a way to which customers, industry partners and financial partners are able to relate.
•Analyze the types of jewelry that are made and that can be made to create a niche for the company while adhering to the company’s spirit and design style. Key design techniques and unique features that will distinguish the jewelry in the marketplace should be outlined. Comparisons to competitive jewelry businesses are also necessary. What products and services are currently offered? Can be offered? How are they different or better than other products/services? Who will buy the product/service? Why will they buy the product/service?
•Consult with the Small Business Administration and organizations dedicated to jewelry design to determine market size and the company's potential growth. Include information on the target customer, jewelry buying behavior and pricing strategies in this section.
•Analyze and document how product/service be promoted and sold/offered.
•Create a comprehensive plan that addresses advertising, promotions, pricing and incentives, including selling wholesale and/or retail. Possible venues may include parties, craft shows, consignment, a retail store-front, and the Internet.
•Research strategic partnerships with sponsors, similar designers, or companies in synergetic industries such as fashion designers or watch companies.
Organizational Structure & Management
•Analyze and document the organizational structure. Identify current and future staff requirements to make the jewelry products, including the design or purchase of any sub-components, such as beads or findings. Outline staff requirements for sales and administration too including special certifications, such as in gemology, or training in special design techniques.
•Develop management strategies to accomplish company goals. Identify and evaluate partnership opportunities with companies in synergetic industries and venture capitalists, develop strategies to increase the company’s budgetary or in-kind resources, reduce operating costs, and creatine marketing strategies for the company.
•Develop projections for staffing and financial requirements to support company priorities.
•Prepare, document and organize past financial statements. Document key assumptions, such as anticipated sales and expenditures for components, photography equipment and website development. Prepare break-even analysis, cash flow & income statements and balance sheets on projected basis for next 3 years.
•Analyze current resource allocations for near-term and long-term company priorities.
•Perform specialty analyses on high impact opportunities to improve company operations.
Requirements• US citizen or permanent resident
• Current full-time undergraduate graduate student at time of application submission
• At least two years of professional work experience
• Excellent time management/project management and analytical skills
• Superb oral and written communication skills, including presentation skills
• Flexible work style and ability to work in a team
• Understanding of general business management and development concepts
• Must have previously developed one or more business plans, preferably for start up businesses.
• Availability for a 90 day period during which the business concept and plan will be completed.
• Startup business experience preferred.
• Experience in the jewelry or fashion industries preferred.