Contents
Hair Replacement and Salon Business Plan
Herr Haar is a salon dedicated to providing quality services and taking care of the client. It stands out from other salons in Anytown by offering innovative hair replacement and salon services. No other business in Anytown provides adequate solutions for hair loss problems, so Herr Haar aims to fill this niche.
Since May 2003, Herr Haar has been established but needs to move due to limitations at the current location. To achieve our objectives, we are seeking a $4,000 short-term loan. The owner, with 27 years of experience, ensures Herr Haar’s continued success.
In the past six months, Herr Haar has made hair service sales of almost $47,000, or over $7,800 per month. With a larger clientele in the new facility, we expect these sales to increase to approximately $10,600 per month, a conservative estimate. We will also generate revenue from a massage room, booth rentals, and increased direct sales of recommended products. Our sales goal for 2004 is $244,000, based on research with similar salons in the area and input from stylists and massage therapists in Anytown.
Hair replacement has carried a stigma for many men in the past. Herr Haar aims to redefine this service in the Anytown area as a necessary luxury for busy, successful men. Looking your best is essential to feeling and performing your best, and Herr Haar is the first step towards achieving that.
1.1 Objectives
Herr Haar is a full-service salon that provides excellent hair care and quality products in a peaceful atmosphere. We also strive to create a friendly work environment that values diversity, creativity, and hard work.
1.2 Mission
Our mission is to offer skilled services through talented cosmetologists that empower our customers with the confidence and self-respect needed to succeed in today’s world. Additionally, we are committed to providing a range of complementary hair styling and body care services in one convenient location.
1.3 Keys to Success
- Location – Our strategic location provides easy access and visibility to both existing and potential clients.
- Advertising – We will promote Herr Haar to the public to increase brand awareness.
- Unique – Herr Haar stands out by offering exceptional quality hair care and specialized consultation for complex hair care issues.
- Reputation – We have established a strong reputation with our existing clientele.
- Discreet – Our new location combines visibility with a range of hair and body care services, ensuring passersby do not assume clients are seeking hair replacement.
- Customer Satisfaction! – The satisfaction of our customers is crucial in building long-lasting relationships and generating positive word-of-mouth referrals.
The time is right for a salon that caters to everyday hair care needs and provides solutions for hair loss. The commitment of the owner and the ongoing pursuit of knowledge by our skilled cosmetologists position Herr Haar for success.
Company Summary
Herr Haar offers a wide range of hair care services, products, wigs, and hairpieces. We are dedicated to providing only top-quality hair and skin services and beauty products. Our new location on a main road at ground level distinguishes us from competitors. What sets Herr Haar apart is our dedication to ongoing education, offering the latest hair care and replacement techniques, and related services all under one roof.
2.1 Company Ownership
Herr Haar is an S-Corporation established in 2003 by Jane Whigg, who owns the majority of the business. Jane has 27 years of experience as a cosmetologist and is well-versed in hair extensions, hair care needs, and the latest hair replacement systems. Her daughter, Joan Whigg, holds less than 15% ownership.
2.2 Company History
Herr Haar was founded in May 2003. Despite operating for a relatively short period, Herr Haar has achieved success over the past six months. The table and chart below demonstrate consistent monthly hair service revenue of approximately $7,800. This success has been maintained despite challenges such as a declining economy and a location with limited visibility and small square footage.
We operate on a cash basis and have assets totaling nearly $6,000, including inventory and equipment, which will be relocated to our new building. Our current liabilities amount to $4,365, consisting of $3,500 in accounts payable (for recent inventory shipments and utilities) and a no-interest loan of $1,350 from a family member. We pay our accounts payable on time within the 30-day terms. The outstanding loan will be repaid gradually over the next two years as per our agreement with the lender (refer to the Cash Flow table for further details).
The future holds great promise for Herr Haar, with our new location providing greater accessibility and exposure to the public.
Past Performance:
2001 2002 2003
Sales $0 $0 $46,896
Gross Margin $0 $0 $8,000
Gross Margin % 0.00% 0.00% 17.06%
Operating Expenses $0 $0 $10,112
Inventory Turnover 0.00 0.00 30.91
Balance Sheet:
2001 2002 2003
Current Assets
Cash $0 $0 $1,031
Inventory $0 $0 $1,519
Other Current Assets $0 $0 $1,675
Total Current Assets $0 $0 $4,225
Long-term Assets
Long-term Assets $0 $0 $1,800
Accumulated Depreciation $0 $0 $126
Total Long-term Assets $0 $0 $1,674
Total Assets $0 $0 $5,899
Current Liabilities
Accounts Payable $0 $0 $3,500
Current Borrowing $0 $0 $0
Other Current Liabilities (interest free) $0 $0 $1,135
Total Current Liabilities $0 $0 $4,635
Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $4,635
Paid-in Capital $0 $0 $0
Retained Earnings $0 $0 ($2,049)
Earnings $0 $0 $3,313
Total Capital $0 $0 $1,264
Total Capital and Liabilities $0 $0 $5,899
Other Inputs
Payment Days 0 0 0
Products and Services
Herr Haar provides hair care and replacement, hair products and vitamins, day spa services, and assistance in care management.
Hair replacement:
We offer various hair replacement services, including Great Lengths, Le Metric, wigs, and hairpieces.
Other Hair Styling and Skin Services:
Four beauty booths are available for rent to local cosmetologists, who will provide styling services like haircuts, coloring, and styling.
Massages:
A separate room is dedicated to massages, aromatherapy, and craniosacral therapy, provided by experienced massage therapists.
Market Analysis Summary
Hair Replacement Market:
The United States hair replacement industry generates over $1 billion/year. Many hair-loss sufferers lack professional services in their area. Herr Haar aims to provide effective treatments to help clients regain their looks and confidence.
Salon and Beauty Spa Market:
Herr Haar will target customers seeking hair replacement and hair, skin, and bodycare services. The U.S. beauty salon industry reached $20.8 billion in revenue in 2001. Our expanded services will cater to typical salon offerings, including hair, nails, skin care, and product sales.
Market Segmentation
Anytown has a population of 360,890, mainly Caucasian. The majority are married homeowners with a median household income of $45,081. The local economy relies on tourism and has a growing presence in electronics, high-technology, and manufacturing industries.
Herr Haar will target customers with average to above-average income, seeking hair replacement and hair, skin, and bodycare services. Our clients share a desire to be treated with respect, feel good about their appearance, and indulge in pampering.
Hair replacement clients:
Around 50% of the population will experience hair loss by age 50. Hair loss can be especially traumatic for women, particularly when caused by major illnesses like cancer. Herr Haar will actively reach out to cancer treatment centers to offer support to patients during their treatment.
Salon clients:
Beauty salons have been popular for decades among women, and the interest in professional hair and skin care among men is growing. Herr Haar aims to cater to both genders, providing hair styling, skin care, and body work services.
Market Analysis
| Market Analysis | |||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | |||
| Potential Customers | Growth | ||||||
| Hair replacement clients | 3% | 275,000 | 283,250 | 291,748 | 300,500 | 309,515 | 3.00% |
| Salon Services Clients | 5% | 200,000 | 210,000 | 220,500 | 231,525 | 243,101 | 5.00% |
| Total | 3.86% | 475,000 | 493,250 | 512,248 | 532,025 | 552,616 | 3.86% |
4.2 Target Market Segment Strategy
Our target market segments are broad because our services appeal to a wide range of people. We focus on an upscale market who can afford our salon services on a regular basis. Satisfied repeat customers are important to the salon industry.
For hair replacement services, we target three groups: cancer patients, women with hair loss, and men with male-pattern baldness. Our marketing tactics will vary for each group. Some customers may only come a few times, while others will be loyal for years. Our marketing efforts need to establish our reputation as professionals who can solve hair loss problems.
4.3 Service Business Analysis
The beauty spa and salon industry is decentralized, consisting of numerous small businesses and franchises. Herr Haar is not a chain and focuses on male beauty needs. Similar businesses gain clientele through advertising and satisfying customers. Word of mouth referrals are important for building clientele.
Most salons are owner operated, with additional employees or independently contracted stylists. Herr Haar uses a mix of these models.
The hair replacement industry is split between large chains offering products and smaller local businesses specializing in customized treatment. Herr Haar falls into the latter category and buys some products from national chains.
4.3.1 Competition and Buying Patterns
Hair replacement In Anytown, there is no serious competition for hair replacement. Some salons offer extensions, but not with the experience available at Herr Haar.
Beauty Salon We commonly hear complaints from Anytown residents about salons that do not provide holistic services like Herr Haar does. Clients want professional salons with skilled staff. Our target market is willing to pay more for quality and considers our services an affordable luxury.
Satisfied customers are crucial for the success of a salon. Word of mouth is our biggest way of building clientele.
Strategy and Implementation Summary
Our focus for the next year is to incorporate our existing services into a full-scale salon concept. We will leverage our skills, reputation, and new location to increase our client base and market the benefits of hair replacement.
We will continue to provide great service and track our sales and marketing goals. We will work with our stylists to ensure consistent quality and customer service. We will also train them in cosmetic forms of hair replacement, further destigmatizing it.
5.1 Competitive Edge
Herr Haar will be a relaxed place where the whole person is taken care of. We provide not only basic hair care but also hair replacements, massage, and assistance in maintaining care.
Although our primary focus is on male clients, two of our stylists will bring a significant female clientele from upscale boutiques.
Our competitive edges are:
- Skilled and experienced staff
- Help for all hair types
- Full-scale salon
- New location with high visibility
- Existing client base
5.2 Marketing Strategy
Herr Haar’s new location provides easy access and greater visibility. We will target our desired market by offering services for both genders. We will use satisfied clients as a marketing tool, as many of our clients will refer new customers.
For hair replacement systems, we will use yellow page ads and television to inform people about our services in a convenient and private place. We will also use targeted marketing strategies for each hair replacement group.
5.3 Sales Strategy
Herr Haar provides high-quality replacement services and encourages clients to continue using the products. Our sales strategy relies on high-quality service in a pleasant atmosphere, where clients are treated as individuals.
We offer complimentary coffee or tea while clients wait. Our staff is discreet and compassionate toward clients with hair replacement needs, ensuring privacy. We also offer special discounts and promotions to build our client base.
5.3.1 Sales Forecast
The sales forecast table shows our expectations for the next three years. The first category includes revenues generated by the owners’ work, while we receive a monthly booth rental from our affiliates.
Sales Forecast
| Sales Forecast | |||
| 2004 | 2005 | 2006 | |
| Sales | |||
| Hair and Skin Services | $127,337 | $133,704 | $140,389 |
| Massage | $38,150 | $50,139 | $52,646 |
| Booth Rent | $31,200 | $32,760 | $34,398 |
| Products | $47,751 | $50,139 | $52,646 |
| Total Sales | $244,438 | $266,742 | $280,079 |
| Direct Cost of Sales | 2004 | 2005 | 2006 |
| Hair Services | $31,834 | $33,426 | $35,097 |
| Massage | $763 | $1,003 | $1,053 |
| Products | $23,876 | $25,069 | $26,323 |
| Subtotal Direct Cost of Sales | $56,473 | $59,498 | $62,473 |
Management Summary
Jane Whigg: Owner. Jane has 27 years of experience as a cosmetologist and has successfully managed three salons in the past. She has owned and operated Herr Haar for the last six months, demonstrating her drive, determination, skill, and excellent people skills.
Joan Whigg: Co-owner. Joan has been a cosmetologist for three years and is a highly talented beautician. She is knowledgeable in many areas of the business, making herself useful in all aspects.
6.1 Personnel Plan
The personnel plan includes a receptionist who will greet customers, receive payments, and handle bookkeeping. There will also be two cosmetologists (the owners) and two part-time massage therapists on payroll. The other four stylists will be independent sole proprietors who rent booths from us.
| Personnel Plan | |||
| 2004 | 2005 | 2006 | |
| Receptionist | $15,360 | $18,000 | $20,000 |
| Massage Therapists | $22,675 | $25,069 | $26,323 |
| Cosmetologist (Phyllis) | $30,720 | $50,139 | $52,646 |
| Cosmetologist (Phoebe) | $38,400 | $41,000 | $43,000 |
| Total People | 6 | 6 | 6 |
| Total Payroll | $107,155 | $134,208 | $141,969 |
Herr Haar expects to grow by at least 5% each year, with new revenue streams from massage therapy and booth rental. We anticipate increased growth as new clients discover the salon. Our financial plan for the next three years takes into account these projections and the necessary expenses to accommodate the growth, such as personnel payroll and rent for the new location.
Our advertising expenses will be higher than similar businesses, as we are still a start-up and need to create awareness in the community. We will work to keep costs down and rely on word-of-mouth to build our business.
Herr Haar is seeking financing to become a premier hair clinic that focuses on clients’ total wellness. We will use the funds to renovate the new space, acquire new clients, increase revenues, maintain positive cash flow, and enhance the net worth of the business.
7.1 Important Assumptions
The following table shows important financial assumptions, including the projected interest rate for the short-term loan. We are assuming:
- No serious disability on the part of either owner preventing them from working
- No new direct competition for hair replacement services in Anytown within the next three years
- No sudden changes in licensing or technology making our services obsolete
| General Assumptions | |||
| 2004 | 2005 | 2006 | |
| Plan Month | 1 | 2 | 3 |
| Current Interest Rate | 10.00% | 10.00% | 10.00% |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
| Tax Rate | 30.00% | 30.00% | 30.00% |
| Other | 0 | 0 | 0 |
7.2 Break-even Analysis
For our break-even analysis, we assume running costs including full payroll, rent, utilities, and other expenses. Payroll alone, at our present rate, is only $8,930/month. We expect to reach our break-even point at the new location in March.
Break-even Analysis:
Monthly Revenue Break-even: $17,601
Assumptions:
– Average Percent Variable Cost: 23%
– Estimated Monthly Fixed Cost: $13,535
7.3 Projected Profit and Loss:
We expect net profit to reach $17,795 at the end of the next fiscal year. In years two and three, we will reduce net profit to increase worker salaries as the salon becomes busier. Happy employees lead to better customer experiences and higher revenues.
Pro Forma Profit and Loss
| Profit and Loss | |||
| 2004 | 2005 | 2006 | |
| Sales | $244,438 | $266,742 | $280,079 |
| Direct Cost of Sales | $56,473 | $59,498 | $62,473 |
| Other Costs of Goods | $0 | $0 | $0 |
| Total Cost of Sales | $56,473 | $59,498 | $62,473 |
| Gross Margin | $187,965 | $207,244 | $217,606 |
| Gross Margin % | 76.90% | 77.69% | 77.69% |
| Expenses | |||
| Payroll | $107,155 | $134,208 | $141,969 |
| Marketing/Promotion | $5,400 | $5,400 | $5,400 |
| Depreciation | $204 | $220 | $220 |
| Rent | $21,000 | $21,000 | $21,000 |
| Utilities | $4,488 | $4,488 | $4,488 |
| Insurance | $996 | $996 | $996 |
| Payroll Taxes | $16,073 | $20,131 | $0 |
| Merchant Account Fees | $1,800 | $2,000 | $2,000 |
| Moving Expenses | $2,300 | $0 | $0 |
| Redecorating New Location | $3,000 | $0 | $0 |
| Total Operating Expenses | $162,416 | $188,444 | $176,073 |
| Profit Before Interest and Taxes | $25,549 | $18,800 | $41,533 |
| EBITDA | $25,753 | $19,020 | $41,753 |
| Interest Expense | $128 | $0 | $0 |
| Taxes Incurred | $7,626 | $5,640 | $12,460 |
| Net Profit | $17,795 | $13,160 | $29,073 |
| Net Profit/Sales | 7.28% | 4.93% | 10.38% |
7.4 Projected Cash Flow
Herr Haar plans to manage cash flow conservatively in the next three years. The business will generate enough cash flow to cover all expenses and grow gradually.
In addition to loan repayment, the Cash Flow table below includes the purchase of new current assets in January. We will buy a water- and energy-efficient washing machine and dryer in the first month for cleaning towels and drapes used in hair services and massages.
Pro Forma Cash Flow
2004 2005 2006
Cash Received:
Cash from Operations
Cash Sales: $244,438 $266,742 $280,079
Subtotal Cash from Operations: $244,438 $266,742 $280,079
Additional Cash Received
Sales Tax, VAT, HST/GST Received: $0 $0 $0
New Current Borrowing: $4,000 $0 $0
New Other Liabilities (interest-free): $0 $0 $0
New Long-term Liabilities: $0 $0 $0
Sales of Other Current Assets: $0 $0 $0
Sales of Long-term Assets: $0 $0 $0
New Investment Received: $0 $0 $0
Subtotal Cash Received: $248,438 $266,742 $280,079
Expenditures:
Expenditures from Operations
Cash Spending: $107,155 $134,208 $141,969
Bill Payments: $115,270 $121,706 $109,986
Subtotal Spent on Operations: $222,425 $255,915 $251,955
Additional Cash Spent:
Sales Tax, VAT, HST/GST Paid Out: $0 $0 $0
Principal Repayment of Current Borrowing: $4,000 $0 $0
Other Liabilities Principal Repayment: $600 $535 $0
Long-term Liabilities Principal Repayment: $0 $0 $0
Purchase Other Current Assets: $1,400 $0 $0
Purchase Long-term Assets: $0 $0 $0
Dividends: $0 $0 $0
Subtotal Cash Spent: $228,425 $256,450 $251,955
Net Cash Flow: $20,013 $10,292 $28,124
Cash Balance: $21,044 $31,337 $59,461
Pro Forma Profit and Loss
| Pro Forma Profit and Loss | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | $16,600 | $17,210 | $17,848 | $18,454 | $19,091 | $19,789 | $20,521 | $21,288 | $22,122 | $22,935 | $23,838 | $24,744 | |
| Direct Cost of Sales | $3,560 | $3,736 | $3,921 | $4,114 | $4,317 | $4,530 | $4,754 | $4,989 | $5,236 | $5,495 | $5,768 | $6,053 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $3,560 | $3,736 | $3,921 | $4,114 | $4,317 | $4,530 | $4,754 | $4,989 | $5,236 | $5,495 | $5,768 | $6,053 | |
| Gross Margin | $13,040 | $13,474 | $13,926 | $14,340 | $14,774 | $15,259 | $15,767 | $16,299 | $16,886 | $17,440 | $18,070 | $18,691 | |
| Gross Margin % | 78.55% | 78.29% | 78.03% | 77.71% | 77.39% | 77.11% | 76.83% | 76.56% | 76.33% | 76.04% | 75.81% | 75.54% | |
| Expenses | |||||||||||||
| Payroll | $8,840 | $8,870 | $8,900 | $8,900 | $8,900 | $8,915 | $8,930 | $8,945 | $8,975 | $8,975 | $9,000 | $9,005 | |
| Marketing/Promotion | $0 | $900 | $0 | $900 | $0 | $900 | $0 | $900 | $0 | $900 | $0 | $900 | |
| Depreciation | $17 | $17 | $17 | $17 | $17 | $17 | $17 | $17 | $17 | $17 | $17 | $17 | |
| Rent | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | |
| Utilities | $374 | $374 | $374 | $374 | $374 | $374 | $374 | $374 | $374 | $374 | $374 | $374 | |
| Insurance | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | |
| Payroll Taxes | 15% | $1,326 | $1,331 | $1,335 | $1,335 | $1,335 | $1,337 | $1,340 | $1,342 | $1,346 | $1,346 | $1,350 | $1,351 |
| Merchant Account Fees | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Moving Expenses | 15% | $2,300 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Redecorating New Location | $3,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $17,840 | $13,475 | $12,609 | $13,509 | $12,609 | $13,526 | $12,644 | $13,561 | $12,695 | $13,595 | $12,724 | $13,630 | |
| Profit Before Interest and Taxes | ($4,800) | ($1) | $1,317 | $831 | $2,165 | $1,733 | $3,124 | $2,738 | $4,190 | $3,844 | $5,346 | $5,061 | |
| EBITDA | ($4,783) | $16 | $1,334 | $848 | $2,182 | $1,750 | $3,141 | $2,755 | $4,207 | $3,861 | $5,363 | $5,078 | |
| Interest Expense | $23 | $23 | $20 | $18 | $15 | $12 | $9 | $6 | $3 | $0 | $0 | $0 | |
| Taxes Incurred | ($1,447) | ($7) | $389 | $244 | $645 | $516 | $934 | $820 | $1,256 | $1,153 | $1,604 | $1,518 | |
| Net Profit | ($3,376) | ($17) | $908 | $569 | $1,505 | $1,205 | $2,180 | $1,913 | $2,931 | $2,691 | $3,742 | $3,543 | |
| Net Profit/Sales | -20.34% | -0.10% | 5.09% | 3.08% | 7.88% | 6.09% | 10.63% | 8.98% | 13.25% | 11.73% | 15.70% | 14.32% | |
Pro Forma Cash Flow
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Sales | $16,600 | $17,210 | $17,848 | $18,454 | $19,091 | $19,789 | $20,521 | $21,288 | $22,122 | $22,935 | $23,838 | $24,744 | |
| Subtotal Cash from Operations | $16,600 | $17,210 | $17,848 | $18,454 | $19,091 | $19,789 | $20,521 | $21,288 | $22,122 | $22,935 | $23,838 | $24,744 | |
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Current Borrowing | $4,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $20,600 | $17,210 | $17,848 | $18,454 | $19,091 | $19,789 | $20,521 | $21,288 | $22,122 | $22,935 | $23,838 | $24,744 | |
| Cash Spending | $8,840 | $8,870 | $8,900 | $8,900 | |||||||||
| Pro Forma Balance Sheet | |||||||||||||
| Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec | |||||||||||||
| Assets | |||||||||||||
| Starting Balances | |||||||||||||
| Current Assets | |||||||||||||
| Cash | $1,031 | $7,452 | $2,787 | $2,729 | $3,543 | $4,083 | $5,553 | $6,687 | $8,778 | $10,683 | $13,561 | $16,794 | $21,044 |
| Inventory | $1,519 | $3,560 | $3,736 | $3,921 | $4,114 | $4,317 | $4,530 | $4,754 | $4,989 | $5,236 | $5,495 | $5,768 | $6,053 |
| Other Current Assets | $1,675 | $3,075 | $3,075 | ||||||||||
| Total Current Assets | $4,225 | $14,087 | $9,598 | $9,725 | $10,732 | $11,474 | $13,158 | $14,515 | $16,842 | $18,994 | $22,131 | $25,636 | $30,172 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $1,800 | $1,800 | |||||||||||
| Accumulated Depreciation | $126 | $143 | $160 | $177 | $194 | $211 | $228 | $245 | $262 | $279 | $296 | $313 | $330 |
| Total Long-term Assets | $1,674 | $1,657 | $1,640 | $1,623 | $1,606 | $1,589 | $1,572 | $1,555 | $1,538 | $1,521 | $1,504 | $1,487 | $1,470 |
| Total Assets | $5,899 | $15,744 | $11,238 | $11,348 | $12,338 | $13,063 | $14,730 | $16,070 | $18,380 | $20,515 | $23,635 | $27,123 | $31,642 |
| Liabilities and Capital | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $3,500 | $12,722 | $8,232 | $7,934 | $8,855 | $8,575 | $9,537 | $9,297 | $10,294 | $10,098 | $11,126 | $10,973 | $12,049 |
| Current Borrowing | $0 | $4,000 | $4,000 | $3,500 | $3,000 | $2,500 | $2,000 | $1,500 | $1,000 | $500 | $0 | $0 | $0 |
| Other Current Liabilities | $1,135 | $1,135 | |||||||||||
| Subtotal Current Liabilities | $4,635 | $17,857 | $13,367 | $12,569 | $12,990 | $12,210 | $12,672 | $11,832 | $12,229 | $11,433 | $11,861 | $11,608 | $12,584 |
| Long-term Liabilities | |||||||||||||
| Total Liabilities | $4,635 | $17,857 | $13,367 | $12,569 | $12,990 | $12,210 | $12,672 | $11,832 | $12,229 | $11,433 | $11,861 | $11,608 | $12,584 |
| Paid-in Capital | $0 | $0 | |||||||||||
| Retained Earnings | ($2,049) | $1,264 | $1,264 | ||||||||||
| Earnings | $3,313 | ($3,376) | ($3,393) | ($2,485) | ($1,916) | ($411) | $794 | $2,974 | $4,887 | $7,818 | $10,509 | $14,252 | $17,795 |
| Total Capital | $1,264 | ($2,112) | ($2,129) | ($1,221) | ($652) | $853 | $2,058 | $4,238 | $6,151 | $9,082 | $11,773 | $15,516 | $19,059 |
| Total Liabilities and Capital | $5,899 | $15,744 | $11,238 | $11,348 | $12,338 | $13,063 | $14,730 | $16,070 | $18,380 | $20,515 | $23,635 | $27,123 | $31,642 |
| Net Worth | $1,264 | ($2,112) | ($2,129) | ($1,221) | ($652) | $853 | $2,058 | $4,238 | $6,151 | $9,082 | $11,773 | $15,516 | $19,059 |
Business Plan Outline
- Executive Summary
- Company Summary
- Products and Services
- Market Analysis Summary
- Strategy and Implementation Summary
- Management Summary
- Financial Plan
- Appendix
Hello!
I’m Andrew Brooks, a seasoned finance consultant from the USA and the mind behind phonenumber247.com.
My career is built on a foundation of helping individuals and businesses thrive financially in an ever-changing economic landscape. At phonenumber247.com, my aim is to demystify the complex world of finance, providing clear, actionable advice that can help you navigate your financial journey with confidence. Whether it’s personal finance management, investment strategies, or understanding the nuances of market dynamics, I’m here to share insights and tools that can propel you towards your financial goals.
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