Hardwood Floor Refinisher Business Plan
Wooderful Floors is a start-up company offering wood floor refinishing in Pittsburgh, Pennsylvania. The company was formed as an LLC by Logan Madison.
Keys to Success
Wooderful Floors has identified several keys to success critical for achieving profitability within the first year.
- Attention to detail: Every floor must meet precise, caring standards.
- 100% customer satisfaction: Every customer must be satisfied with the work.
- Business efficiency: All processes and activities must be analyzed to ensure optimal efficiency.
Competitive Edge
Wooderful Floors will focus on environmentalism and trusted experience to gain market share. The company exclusively uses a water-based finishing product, which is durable, non-toxic, and does not release harmful fumes into the air. Unlike alternative products, Wooderful Floors’ water-based product allows homeowners to stay in their homes during refinishing. Logan has extensive experience with this water-based product and is the most skilled service provider in this area.
Management
Logan Madison received his Bachelor of Arts from Allegheny College. He has worked as a floor refinisher for several years, specializing in water-based products. With his skill and experience, Logan will lead Wooderful Floors to profitability within the first year. The company is projected to experience steady sales growth in years two and three, along with corresponding increases in net profit.
Wooderful Floors’ mission is to offer high-quality, environmentally-sound wood floor refinishing services in Pittsburgh. Through fair pricing, precise craftsmanship, and ensuring 100% customer satisfaction, Wooderful Floors aims to establish a loyal customer base.
The keys to success for Wooderful Floors include attention to detail in every refinishing job, ensuring that customers are completely satisfied with the company’s work, and implementing business efficiency practices to sustain long-term success.
The objectives of Wooderful Floors are to become the premier environmentally-sound wood floor refinisher, achieve profitability within the first year, and make significant gains in market penetration.
Wooderful Floors is a newly formed Pennsylvania-based LLC that specializes in environmentally-friendly wood floor refinishing. The company was founded by Logan Madison as a startup in January.
For the start-up of Wooderful Floors, the following equipment will be required: a used van, drum sanders, floor edgers, buffers, circular/palm sanders, putty knives and scrapers, shop vacuum cleaners, ear protection, dust masks, safety goggles, lamb’s wool and natural bristle brushes, foam applicators, an air compressor, various hand tools, a pneumatic nail finisher, a computer with Microsoft Office and QuickBooks Pro, a printer, and an internet connection.
Start-up Requirements
Start-up Expenses
– Legal: $500
– Brochures: $250
– Assorted tools: $10,000
– Insurance: $500
– Van: $8,000
– Website design: $650
– Total Start-up Expenses: $19,900
Start-up Assets
– Cash Required: $10,100
– Other Current Assets: $0
– Long-term Assets: $8,000
– Total Assets: $18,100
– Total Requirements: $38,000
2.2 Company Ownership
Wooderful Floors is owned by Logan Madison, with financing from owner investment and a long-term bank loan.
Services
Wooderful Floors offers an environmentally safe wood floor refinishing service to the Pittsburgh community.
The services start with a floor assessment, where only small cracks are usually filled, and whole boards are replaced if necessary. Then, the floor is sanded layer by layer in a uniform manner, with cracks being fixed as needed. Three grades of sanding occur: rough, medium, and fine.
After sanding and vacuuming, the floor is buffed with a super fine abrasive screen to tighten the wood grain for stain acceptance. Stain is applied, followed by the finish, which is left to dry. Wooderful Floors provides each customer with a brief tutorial and documentation for care and maintenance of their refinished wood surface.
Wooderful Floors uses a water-based, environmentally sound finishing treatment. This treatment offers superior durability compared to competing products on the market. The competing products are Polyurethane, which gives a plastic sheen and is toxic, and Swedish finish, which emits toxic fumes and requires homeowners to leave their homes for 2-3 days.
Wooderful Floors’ water-based finish has the same or better durability as competing brands and is non-toxic. Although the company’s prices are slightly higher due to the cost of the water-based finish, Wooderful Floors justifies the higher cost with superior service and the environmental benefits of their products.
The pricing schedule is based on square footage and other features that may impact the time to refinish, such as ornate trims.
Market Analysis Summary
Wooderful Floors targets two market segments: remodelers and restorers. Remodelers are homeowners redecorating one or more rooms, while restorers are homeowners refinishing their wood floors. These segments are chosen for their willingness to do a complete refinishing job and their environmental commitment.
Wooderful Floors operates in the wood floor refinishing service business, facing competition in this niche. Details about competitors can be found in the Service Business Analysis and Competition and Buying Patterns sections.
4.1 Market Segmentation
Wooderful Floors targets two distinct market segments: remodelers and restorers.
Remodelers:
– First or second-time home buyers
– Household income of over $60,000
– Single-family homes
– Lived in their home for at least 1.7 years
– 65% have an undergraduate degree
– 27% have a graduate degree
– Environmentally conscious
– 17% buy organic produce
– 52% participate in human-powered activities like hiking or cycling at least twice a week
– 17% previously owned an SUV but sold it for environmental concerns
Restorers:
– First-time home buyers
– Median household income of $51,000
– Single-family homes
– Lived in the home for 2.3 years
– 57% have an undergraduate degree
– Environmentally conscious
– 44% participate in human-powered activities twice a week
Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Remodelers 6% 98,747 104,672 110,952 117,609 124,666 6.00%
Restorers 7% 103,225 110,451 118,183 126,456 135,308 7.00%
Total 6.51% 201,972 215,123 229,135 244,065 259,974 6.51%
4.2 Target Market Segment Strategy
The two market segments were chosen to identify customers who would use wood floor refinishing services. Remodelers may be harder to reach than restorers due to their multiple project decisions and time demands.
Both groups of customers have environmental tendencies, which aligns with Wooderful Floors’ water-based floor finishing treatment.
4.3 Service Business Analysis
Wooderful Floors operates within the wood floor refinishing service business, which is primarily residential-based with 90% of wood floors found in private residences. The industry consists of refinishers who can make small repairs and installers who also offer refinishing. The industry was valued at $588 million in 2002 in the USA.
There are many competitors in the industry. Some competitors have minimum square footage requirements and offer various finishing products. Wooderful Floors exclusively offers one type of finishing product. Companies within the industry indicate that 19% of their business is from word-of-mouth referrals.
4.3.1 Competition and Buying Patterns
A search in the Yellow Pages finds twelve companies that offer wood floor refinishing. Four offer the water-based finishing product, but Wooderful Floors is the only company that exclusively offers it. Four popular competitors include:
– Spotless Floors: This company installs and refinishes wood floors, but customers must wait 4-6 weeks for service appointments.
– Touch of Class Wood Floor Refinishing: They offer all types of floor refinishing, competing on price. Quality of work is average.
– Nicolusi Brothers Wood Floor Refinishing: They only offer QuickBooks refinishing, claiming it is the only type of finish they recommend.
– Floor Finishes: A high-end, full-service floor contractor, offering work in wood, tile, and carpet.
Strategy and Implementation Summary
Wooderful Floors will gain market share by leveraging its competitive edge of specializing in environmentally-friendly refinishes and being the most experienced with water-based finishing products.
Wooderful Floors’ marketing strategy will create awareness about non-toxic wood floor refinishing through various communication methods. Customer referral coupons will be used to incentivize referrals.
The sales effort will focus on Wooderful Floors’ competitive edge in environmentally-sound refinishes and its experience with the new technology.
5.1 Competitive Edge
Wooderful Floors has a significant advantage as the only service provider specializing in water-based products:
– Environmental focus: By only offering water-based solutions, Wooderful Floors signals their commitment to the environment.
– Experience: Wooderful Floors has the most experience with water-based finishes.
5.2 Marketing Strategy
The marketing strategy will communicate that Wooderful Floors offers a safe wood floor refinishing option for homeowners and the environment. This message will be distributed through advertisements in The Pittsburgh Herald and The Pittsburgh Weekly, as well as the Yellow Pages. Customer referral coupons will also be used.
5.3 Sales Strategy
The sales strategy emphasizes Wooderful Floors’ competitive edge of being environmentally conscious and experienced in the industry. The company will stand out as one that cares about the environment and customer safety.
5.3.1 Sales Forecast
Wooderful Floors has adopted a conservative sales forecast to predict future sales and benchmark progress. This approach ensures that future obligations will be met. Please review the following table and charts for graphical presentations of future sales.
| Sales Forecast | |||
| Year 1 | Year 2 | Year 3 | |
| Remodelers | $30,123 | $45,445 | $55,454 |
| Restorers | $20,785 | $31,357 | $38,263 |
| Total Sales | $50,908 | $76,802 | $93,717 |
| Direct Cost of Sales | |||
| Remodelers | $6,025 | $9,089 | $11,091 |
| Restorers | $4,157 | $6,271 | $7,653 |
| Subtotal Direct Cost of Sales | $10,182 | $15,360 | $18,743 |
5.4 Milestones
Wooderful Floors has chosen several milestones as goals within the first two years of operation. The milestones will be quantifiable so their achievement can be easily determined.
| Milestones | |||||
| Milestone | Start Date | End Date | Budget | Manager | Department |
| Business plan completion | 6/1/2003 | 6/30/2003 | $0 | Logan | Business Formation |
| Final equipment purchased | 1/1/2004 | 2/20/2004 | $0 | Logan | Operations |
| First large job | 3/15/2004 | 3/15/2004 | $0 | Logan | Sales |
| Profitability | 1/1/2004 | 1/1/2004 | $0 | Logan | Operations |
| Totals | $0 | ||||
Web Plan Summary
A simple website will serve as a marketing tool for Wooderful Floors. The focus will be on the company’s environmental concerns and its efforts to address them.
Logan’s experience as a floor refinisher and pioneer in water-based finishing products will be highlighted. The website will also provide general contact information and details about the environmentally-friendly products.
6.1 Website Marketing Strategy
Wooderful Floors will submit the website to various search engines to ensure it appears high on search results when customers are looking for wood floor refinishing information.
6.2 Development Requirements
Logan will hire a friend to design and develop the website for the discounted price of $650.
Management Summary
Logan Madison, who holds a Bachelor of Arts degree from Allegheny College, founded and leads Wooderful Floors. Prior to starting the company, Logan worked as a floor refinisher for a general contractor for seven years.
7.1 Personnel Plan
Logan will be the primary employee and will use QuickBooks Pro for accounting and invoicing. For larger jobs, he will hire an additional laborer.
| Personnel Plan | |||
| Logan | $24,000 | $25,000 | $30,000 |
| Additional employee | $4,200 | $833 | $1,000 |
| Total People | 2 | 2 | 2 |
| Total Payroll | $28,200 | $25,833 | $31,000 |
Financial Plan
The following sections provide important financial information.
8.1 Start-up Funding
Funds for start-up will come from a combination of owner investment and a long-term bank loan with an interest rate not exceeding 7% for seven years.
| Start-up Funding | |
| Start-up Expenses to Fund | $19,900 |
| Start-up Assets to Fund | $18,100 |
| Total Funding Required | $38,000 |
| Assets | |
| Non-cash Assets from Start-up | $8,000 |
| Cash Requirements from Start-up | $10,100 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $10,100 |
| Total Assets | $18,100 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $15,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $15,000 |
| Capital | |
| Planned Investment | |
| Owner | $15,000 |
| Other | $0 |
| Additional Investment Requirement | $8,000 |
| Total Planned Investment | $23,000 |
| Loss at Start-up (Start-up Expenses) | ($19,900) |
| Total Capital | $3,100 |
| Total Capital and Liabilities | $18,100 |
| Total Funding | $38,000 |
8.2 Important Assumptions
The following table outlines important financial assumptions.
| General Assumptions | |||
| Year 1 | Year 2 | Year 3 | |
| Plan Month | 1 | 2 | 3 |
| Current Interest Rate | 10.00% | 10.00% | 10.00% |
| Long-term Interest Rate | 7.00% | 7.00% | 7.00% |
| Tax Rate | 30.00% | 30.00% | 30.00% |
| Other | 0 | 0 | 0 |
8.3 Break-even Analysis
The Break-even Analysis determines the monthly revenue required to reach the break-even point.
Break-even Analysis:
Monthly Revenue Break-even: $4,156.
Assumptions:
– Average Percent Variable Cost: 20%.
– Estimated Monthly Fixed Cost: $3,325.
Projected Profit and Loss:
The table and charts below present the projected Profit and Loss.
Pro Forma Profit and Loss
Sales:
Year 1: $50,908
Year 2: $76,802
Year 3: $93,717
Direct Cost of Sales:
Year 1: $10,182
Year 2: $15,360
Year 3: $18,743
Other Costs of Sales:
Year 1: $0
Year 2: $0
Year 3: $0
Total Cost of Sales:
Year 1: $10,182
Year 2: $15,360
Year 3: $18,743
Gross Margin:
Year 1: $40,726
Year 2: $61,442
Year 3: $74,974
Gross Margin %: 80.00%
Expenses:
Payroll:
Year 1: $28,200
Year 2: $25,833
Year 3: $31,000
Sales and Marketing and Other Expenses:
Year 1: $1,200
Year 2: $1,200
Year 3: $1,200
Depreciation:
Year 1: $2,664
Year 2: $2,666
Year 3: $2,666
Utilities:
Year 1: $1,200
Year 2: $1,200
Year 3: $1,200
Payroll Taxes:
Year 1: $4,230
Year 2: $0
Year 3: $0
Insurance:
Year 1: $2,400
Year 2: $2,400
Year 3: $2,400
Total Operating Expenses:
Year 1: $39,894
Year 2: $33,299
Year 3: $38,466
Profit Before Interest and Taxes:
Year 1: $832
Year 2: $28,142
Year 3: $36,508
EBITDA:
Year 1: $3,496
Year 2: $30,808
Year 3: $39,174
Interest Expense:
Year 1: $963
Year 2: $803
Year 3: $624
Taxes Incurred:
Year 1: $0
Year 2: $8,202
Year 3: $10,765
Net Profit:
Year 1: ($130)
Year 2: $19,138
Year 3: $25,119
Net Profit/Sales:
Year 1: -0.26%
Year 2: 24.92%
Year 3: 26.80%
8.5 Projected Cash Flow
The following table and chart display the Projected Cash Flow.
Pro Forma Cash Flow
| Pro Forma Cash Flow | |||
| Year 1 | Year 2 | Year 3 | |
| Cash Sales | $50,908 | $76,802 | $93,717 |
| Subtotal Cash from Operations | $50,908 | $76,802 | $93,717 |
| Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
| New Long-term Liabilities | $0 | $0 | $0 |
| Subtotal Cash Received | $50,908 | $76,802 | $93,717 |
| Cash Spending | $28,200 | $25,833 | $31,000 |
| Bill Payments | $17,963 | $28,979 | $34,459 |
| Subtotal Spent on Operations | $46,163 | $54,813 | $65,459 |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | Long-term Liabilities Principal Repayment | $2,304 | $2,460 | $2,639 |
| Subtotal Cash Spent | $48,467 | $57,273 | $68,098 |
| Net Cash Flow | $2,441 | $19,529 | $25,620 |
| Cash Balance | $12,541 | $32,071 | $57,690 |
Projected Balance Sheet
| Pro Forma Balance Sheet | |||
| Year 1 | Year 2 | Year 3 | |
| Cash | $12,541 | $32,071 | $57,690 |
| Total Current Assets | $12,541 | $32,071 | $57,690 |
| Total Long-term Assets | $5,336 | $2,670 | $4 |
| Total Assets | $17,877 | $34,741 | $57,694 |
| Total Current Liabilities | $2,211 | $2,397 | $2,871 |
| Total Long-term Liabilities | $12,696 | $10,236 | $7,597 |
| Total Liabilities | $14,907 | $12,633 | $10,468 |
| Total Capital | $2,970 | $22,107 | $47,226 |
| Total Liabilities and Capital | $17,877 | $34,741 | $57,694 |
| Net Worth | $2,970 | $22,107 | $47,226 |
| Ratio Analysis | ||||
| Year 1 | Year 2 | Year 3 | Industry Profile | |
| Sales Growth | 0.00% | 50.86% | 22.02% | 5.11% |
| Percent of Total Assets | 0.00% | 0.00% | 0.00% | 32.94% |
| Total Liabilities | 83.39% | 36.36% | 18.14% | 51.99% |
| Net Worth | 16.61% | 63.64% | 81.86% | 48.01% |
| Sales | 100.00% | 100.00% | 100.00% | 100.00% |
| Gross Margin | 80.00% | 80.00% | 80.00% | 29.46% |
| Selling, General & Administrative Expenses | 88.28% | 37.26% | 34.91% | 14.86% |
| Profit Before Interest and Taxes | 1.63% | 36.64% | 38.96% | 2.37% |
| Main Ratios | ||||
| Current | 5.67 | 13.38 | 20.09 | 1.74 |
| Quick | 5.67 | 13.38 | 20.09 | 1.38 |
| Total Debt to Total Assets | 83.39% | 36.36% | 18.14% | 6.96% |
| Pre-tax Return on Net Worth | -4.39% | 123.67% | 75.98% | 57.15% |
| Pre-tax Return on Assets | -0.73% | 78.70% | 62.20% | 16.25% |
Appendix
Sales Forecast
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Remodelers | $250 | $325 | $622 | $1,545 | $2,121 | $2,654 | $3,232 | $3,545 | $3,754 | $3,858 | $4,005 | $4,212 | |
| Restorers | $173 | $224 | $429 | $1,066 | $1,463 | $1,831 | $2,230 | $2,446 | $2,590 | $2,662 | $2,763 | $2,906 | |
| Total Sales | $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 | |
Personnel Plan
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Logan | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Additional employee | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $600 | $600 | |
| Total People | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,600 | $2,600 | |
General Assumptions:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss Statement:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 |
| $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 |
| $85 | $110 | $210 | $522 | $717 | $897 | $1,092 | $1,198 | $1,269 | $1,304 | $1,354 | $1,424 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $85 | $110 | $210 | $522 | $717 | $897 | $1,092 | $1,198 | $1,269 | $1,304 | $1,354 | $1,424 |
| $338 | $439 | $841 | $2,089 | $2,868 | $3,588 | $4,370 | $4,793 | $5,075 | $5,216 | $5,415 | $5,695 |
| 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% |
| $2,922 | $2,922 | $2,922 | $2,922 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,612 | $3,612 |
| $2,584 | $2,483 | $2,081 | $833 | $629 | $91 | $873 | $1,296 | $1,578 | $1,719 | $1,803 | $2,083 |
| $2,362 | $2,261 | $1,859 | $611 | $407 | $313 | $1,095 | $1,518 | $1,800 | $1,941 | $2,025 | $2,305 |
| $86 | $85 | $84 | $83 | $82 | $81 | $80 | $79 | $77 | $76 | $75 | $74 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 |
| $2,922 | $2,922 | $2,922 | $2,922 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,497 | $3,612 | $3,612 |
| ($2,670) | ($2,568) | ($2,165) | ($916) | ($711) | $10 | $793 | $1,217 | $1,501 | $1,643 | $1,728 | $2,009 |
| -632.04% | -467.52% | -205.98% | -35.09% | -19.84% | 0.23% | 14.52% | 20.32% | 23.66% | 25.19% | 25.52% | 28.22% |
Pro Forma Cash Flow Statement:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 |
| $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 |
| $423 | $549 | $1,051 | $2,611 | $3,584 | $4,485 | $5,462 | $5,991 | $6,344 | $6,520 | $6,768 | $7,118 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 | $0 |
Assets: Starting Balances Current Assets: Cash: $10,100 $8,301 $5,787 $3,748 $3,162 $2,740 $2,954 $3,965 $5,313 $6,911 $8,617 $10,436 $12,541 Other Current Assets: $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Current Assets: $10,100 $8,301 $5,787 $3,748 $3,162 $2,740 $2,954 $3,965 $5,313 $6,911 $8,617 $10,436 $12,541 Long-term Assets: Long-term Assets: $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 Accumulated Depreciation: $0 $222 $444 $666 $888 $1,110 $1,332 $1,554 $1,776 $1,998 $2,220 $2,442 $2,664 Total Long-term Assets: $8,000 $7,778 $7,556 $7,334 $7,112 $6,890 $6,668 $6,446 $6,224 $6,002 $5,780 $5,558 $5,336 Total Assets: $18,100 $16,079 $13,343 $11,082 $10,274 $9,630 $9,622 $10,411 $11,537 $12,913 $14,397 $15,994 $17,877 Liabilities and Capital: Current Liabilities: Accounts Payable: $0 $842 $865 $961 $1,262 $1,521 $1,694 $1,882 $1,983 $2,051 $2,083 $2,145 $2,211 Current Borrowing: $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Liabilities: $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Current Liabilities: $0 $842 $865 $961 $1,262 $1,521 $1,694 $1,882 $1,983 $2,051 $2,083 $2,145 $2,211 Long-term Liabilities: $15,000 $14,808 $14,616 $14,424 $14,232 $14,040 $13,848 $13,656 $13,464 $13,272 $13,080 $12,888 $12,696 Total Liabilities: $15,000 $15,650 $15,481 $15,385 $15,494 $15,561 $15,542 $15,538 $15,447 $15,323 $15,163 $15,033 $14,907 Paid-in Capital: $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 $23,000 Retained Earnings: ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) ($19,900) Earnings: $0 ($2,670) ($5,238) ($7,403) ($8,320) ($9,031) ($9,020) ($8,227) ($7,010) ($5,509) ($3,866) ($2,139) ($130) Total Capital: $3,100 $430 ($2,138) ($4,303) ($5,220) ($5,931) ($5,920) ($5,127) ($3,910) ($2,409) ($766) $961 $2,970 Total Liabilities and Capital: $18,100 $16,079 $13,343 $11,082 $10,274 $9,630 $9,622 $10,411 $11,537 $12,913 $14,397 $15,994 $17,877 Net Worth: $3,100 $430 ($2,138) ($4,303) ($5,220) ($5,931) ($5,920) ($5,127) ($3,910) ($2,409) ($766) $961 $2,970
Business Plan Outline
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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.
Welcome to my digital space, where every piece of advice is a step closer to financial clarity and success!