• Library Business Plan

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Library Business Plan

Set up a library in a community that lacks one or start a library within your company so that employees can borrow books to their respective industry. Purchase books or relevant trade journals to start the library business. If the budget for starting a business is low, then apply for grants to get money for books and other supplies. Typical library business doesn’t yield much profit, it is just lending or borrowing of books, so ask community members or local philanthropic organization for donations.

Write a business plan in order to understand to understand, to visualize, to plan and to identify risks, even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business are evaluated and appropriate decisions are made. Set up a database for all the collection of the books with the title. Author, publisher, date of publication and genre. You need to choose a cataloging method for the books in to order search them easily.

Label the books and bookshelves so the customer can find what they are looking for or build a physical catalog. Issue identification card to anyone who wants to take out a book, or you may want to record a person’s name and contact information whenever he takes out a book. Then set up a system for fines if the books are overdue and the system for paying for books. 7% rate of job growth is witnessed and the information system at 15% rate will ride by the year 2022.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a Library business plan are given below:

People

Library Director / Owner, cataloger, Librarians, reference librarians, technical processing assistant, circulation assistant, electronic service librarian, collection development / acquisitions librarian, archivist.

Process

Attendance management system, catalog management, inventory management, finance and accounts management, software management system and operation management.

Systems

Laptop, DVD player, Ethernet cable, Multifunction copier/printer/scanner, Network ports, public workstations.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

International Federation of Library Associations and Institutions
Prins Willem-Alexanderhof 5, 2595 BE, The Hague (Den Haag), Netherlands

American Library Association
50 East Huron Street Chicago, Illinois 60611-2795

CILIP The Library and Information association
7 Ridgmount Street, London, WC1E 7A

Indian Library Association
A/40-41, Flat No.201, Ansal Buildings, Dr. Mukherjee Nagar,Delhi-110009

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