Contents
Medical Scanning Lab Business Plan
Scan Lab Medical Imaging is a start-up company offering medical image scanning tests in New Bedford, Massachusetts.
The Market
Scan Lab will target insurance carriers, who play a crucial role in the billing process as 99% of scans are billed through insurance. Scan Lab understands the importance of gaining approval from insurance carriers and aims to be approved by all popular insurance plans.
Once approved, Scan Lab will rely on physician referrals. Factors influencing these referrals include geographic location, accepted insurance, and the specific type of scan. To attract referring doctors, a strong marketing and sales campaign will be implemented.
Services
Scan Lab offers a wide variety of radiology-based scanning tests. Equipped with state-of-the-art technology and expert medical training, Scan Lab provides valuable consultations to referring physicians.
Management
Dr. Carolyn Jones will lead Scan Lab, bringing her specialization in radiology and 13 years of experience practicing at a renowned Boston clinic.
1.1 Mission
Scan Lab’s mission is to become the leading medical scanning technology provider in New Bedford through friendly service, accepting various insurance plans, and delivering accurate analyses.
1.2 Objectives
– Capture 40% of local physicians’ business within two years.
– Reach profitability within two years.
– Double sales by year three.
1.3 Keys to Success
– Only purchase medical equipment in demand within the community.
– Provide fast, friendly service with accurate readings.
– Employ strict financial controls to manage expensive capital costs associated with medical imaging equipment.
Company Summary
Scan Lab is a Massachusetts corporation solely owned by Carolyn Jones.
2.1 Start-up Summary
Scan Lab needs to purchase necessary equipment for the clinic.
– Office furniture for four exam rooms, purchased used in good condition as a cost-saving measure.
– Receptionist office furniture and assorted waiting room furniture, also purchased in good, used condition.
– Three computers, one with QuickBooks Pro, all with Microsoft Office, a central laser printer, and broadband Internet connection.
– Medical scanning devices:
– X-ray machine
– Ultra sound unit
– CAT scan imaging machine
– MRI imaging machine
Start-up Requirements
Start-up Expenses
Legal: $3,000
Stationery etc.: $300
Brochures: $300
Consultants: $2,000
Insurance: $3,000
Rent: $2,000
Total Start-up Expenses: $10,600
Start-up Assets
Cash Required: $317,900
Other Current Assets: $0
Long-term Assets: $861,500
Total Assets: $1,179,400
Total Requirements: $1,190,000
Start-up Funding
Start-up Expenses to Fund: $10,600
Start-up Assets to Fund: $1,179,400
Total Funding Required: $1,190,000
Assets
Non-cash Assets from Start-up: $861,500
Cash Requirements from Start-up: $317,900
Additional Cash Raised: $0
Cash Balance on Starting Date: $317,900
Total Assets: $1,179,400
Liabilities and Capital
Liabilities
Current Borrowing: $0
Long-term Liabilities: $860,000
Accounts Payable (Outstanding Bills): $0
Other Current Liabilities (interest-free): $0
Total Liabilities: $860,000
Capital
Planned Investment
Dr. Jones: $180,000
Investor: $150,000
Additional Investment Requirement: $0
Total Planned Investment: $330,000
Loss at Start-up (Start-up Expenses): ($10,600)
Total Capital: $319,400
Total Capital and Liabilities: $1,179,400
Total Funding: $1,190,000
2.2 Company Ownership
Carolyn Jones is the sole stockholder of the Scan Lab corporation.
Services
Scan Lab offers New Bedford physicians a wide range of diagnostic scanning tests. Due to the high cost of scanning equipment for occasional use, most small clinics and practices use an outside service provider for scanning needs. The following scans will be offered:
X-Ray: An X-ray uses electromagnetic energy beams to produce images of internal tissues, bones, and organs on film. X-rays are used to find tumors or bone injuries.
Diagnostic scanning requires analysis by a radiologist.
Market Analysis Summary
Scan Lab has identified two customer segments: medical insurance carriers and physicians. Insurance companies often dictate who can provide scanning services, making attracting large insurance carriers crucial. Scan Lab has informally accepted bid proposals from the three largest carriers in the state.
Physicians have the choice to recommend their patients to a preferred lab.
4.1 Market Segmentation
Scan Lab will target the three largest medical insurance carriers: Aetna, Cigna, and Prudential. Smaller carriers will be targeted later.
Scan Lab is in negotiations with these carriers to become an approved facility. The lab must agree to the carriers’ rates and adhere to specific filing and billing procedures.
Physicians make referrals based on factors such as familiarity, patient insurance, scan type, and location convenience.
Market Analysis:
[table]
[tr]
[td]Year 1[/td]
[td]Year 2[/td]
[td]Year 3[/td]
[td]Year 4[/td]
[td]Year 5[/td]
[/tr]
[tr]
[td]Potential Customers[/td]
[td]Growth[/td]
[td]CAGR[/td]
[/tr]
[tr]
[td]Insurance companies[/td]
[td]1%[/td]
[td]21[/td]
[td]21[/td]
[td]21[/td]
[td]21[/td]
[td]21[/td]
[td]0.00%[/td]
[/tr]
[tr]
[td]Physicians[/td]
[td]4%[/td]
[td]235[/td]
[td]244[/td]
[td]254[/td]
[td]264[/td]
[td]275[/td]
[td]4.01%[/td]
[/tr]
[tr]
[td]Total[/td]
[td]3.70%[/td]
[td]256[/td]
[td]265[/td]
[td]275[/td]
[td]285[/td]
[td]296[/td]
[td]3.70%[/td]
[/tr]
[/table]
Target Market Segment Strategy:
The insurance companies approve scanning facilities for their insurance plans, typically for one to two years.
Physicians direct patients to Scan Lab due to the convenience of its location.
Service Business Analysis:
The medical imaging industry operates under two models: large clinics/practices that buy equipment for their physicians, and outside service providers.
Small clinics/practices find equipment cost prohibitive and opt for outside service providers.
Scan Lab’s competitors typically offer limited services beyond medical imaging tests and radiologist analysis.
A profitable capacity is having five MRIs per 100,000 people; New Bedford has 12 for its population of 300,000.
Competition and Buying Patterns:
Nine direct competitors exist in the area.
Scan Lab also competes indirectly with clinics and large practices with their own equipment.
Strategy and Implementation Summary:
Scan Lab’s competitive edge lies in its advanced equipment and experienced, nationally recognized radiologist, Dr. Carolyn Jones.
Marketing efforts are focused on creating awareness of Scan Lab’s strengths and distinctiveness.
Insurance companies are targeted through sales campaigns, while doctors are targeted to become referring doctors.
Competitive Edge:
Dr. Carolyn Jones is a nationally recognized radiology expert, offering valuable consultations to referring doctors.
Scan Lab communicates its advanced technology and expert analysis through various methods, including the Yellow Pages.
Sales Strategy:
Scan Lab aims to convert qualified leads into referring physicians by emphasizing Dr. Jones’ expertise.
Convenient and pleasant experiences for patients and high-quality radiologist analysis for physicians are prioritized.
Networking with insurance carriers is essential to understanding bid expectations.
Scan Lab projects conservative sales growth, with steady growth starting in the seventh month.
The provided text has been condensed and streamlined to enhance readability and reduce redundancy while maintaining the integrity and tone of the original content.
Sales Forecast:
| Sales Forecast | |||
| Year 1 | Year 2 | Year 3 | |
| Sales | |||
| X-ray | $124,292 | $130,500 | $143,550 |
| Ultrasound | $73,332 | $77,000 | $84,700 |
| CAT scan | $136,721 | $143,000 | $157,300 |
| MRI | $87,999 | $92,000 | $101,200 |
| Total Sales | $422,344 | $442,500 | $486,750 |
| Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
| X-ray | $28,587 | $30,000 | $30,900 |
| Ultrasound | $16,866 | $18,000 | $18,540 |
| CAT scan | $31,446 | $33,000 | $34,000 |
| MRI | $20,240 | $21,300 | $22,000 |
| Subtotal Direct Cost of Sales | $97,139 | $102,300 | $105,440 |
5.4 Milestones
Scan Lab has chosen quantifiable milestones as goals for the organization. The following table details the specific milestones, estimated time frames, and responsible employees.
Milestones
Milestone Start Date End Date Budget Manager Department
Business plan completion 6/1/2003 12/1/2003 $0 Carolyn Business Development
Secure lease 12/1/2003 2/28/2004 $0 Carolyn Operations
Equipment purchases 1/1/2004 3/1/2004 $0 Carolyn Operations
Facility open 3/1/2004 3/30/2004 $0 Carolyn Operations
Profitability 10/30/2004 1/31/2005 $0 Carolyn Accounting
Totals $0
Web Plan Summary
Scan Lab will have a website providing information on services offered and Dr. Jones’ professional experience.
6.1 Website Marketing Strategy
Scan Lab will use two marketing techniques to alert prospective customers to the site. The first is displaying the Web address on all literature. The second is submitting the website URL to multiple search engines. This ensures that when a customer searches for "New Bedford MRI," they will be directed to www.scanlab.com.
6.2 Development Requirements
The website will be designed and built by a local computer science student.
Management Summary
Dr. Carolyn Jones will lead Scan Lab. She received her medical degree from The University of California San Diego, known for their radiology. Dr. Jones completed her residency at John Hopkins and worked at a large clinic in Boston.
Dr. Jones has published 14 articles and frequently presents her papers at conferences.
7.1 Personnel Plan
Scan Lab requires the following positions/responsibilities:
– Dr. Jones: Resident radiologist, responsible for business development, marketing, and sales.
Personnel Plan
Year 1 Year 2 Year 3
Dr. Jones $60,000 $61,800 $63,654
Technicians $48,000 $49,440 $50,923
Other $19,200 $19,776 $20,269
Total People 5 5 5
Total Payroll $127,200 $131,016 $134,846
The following sections outline Scan Lab’s financial planning.
8.1 Important Assumptions
The table below details 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 10.00% 10.00% 10.00%
Tax Rate 30.00% 30.00% 30.00%
Other 0 0 0
The Break-even Analysis indicates the monthly revenue needed to reach the break-even point.
Break-even Analysis:
Monthly Revenue Break-even: $40,582.
Assumptions:
– Average Percent Variable Cost: 23%.
– Estimated Monthly Fixed Cost: $31,248.
8.3 Projected Profit and Loss:
The following table and charts will indicate Projected Profit and Loss.
Pro Forma Profit and Loss:
Sales:
– Year 1: $422,344
– Year 2: $442,500
– Year 3: $486,750
Direct Cost of Sales:
– Year 1: $97,139
– Year 2: $102,300
– Year 3: $105,440
Other Costs of Sales:
– Year 1-3: $0
Total Cost of Sales:
– Year 1: $97,139
– Year 2: $102,300
– Year 3: $105,440
Gross Margin:
– Year 1: $325,205
– Year 2: $340,200
– Year 3: $381,310
Gross Margin %:
– Year 1: 77.00%
– Year 2: 76.88%
– Year 3: 78.34%
Expenses:
Payroll:
– Year 1: $127,200
– Year 2: $131,016
– Year 3: $134,846
Sales and Marketing and Other Expenses:
– Year 1: $6,000
– Year 2-3: $0
Depreciation:
– Year 1: $172,300
– Year 2-3: $0
Rent:
– Year 1: $24,000
– Year 2-3: $0
Utilities:
– Year 1: $6,000
– Year 2-3: $0
Insurance:
– Year 1: $18,000
– Year 2-3: $0
Payroll Taxes:
– Year 1: $19,080
– Year 2-3: $0
Other:
– Year 1: $2,400
– Year 2-3: $0
Total Operating Expenses:
– Year 1: $374,980
– Year 2: $131,016
– Year 3: $134,846
Profit Before Interest and Taxes:
– Year 1: ($49,775)
– Year 2: $209,184
– Year 3: $246,464
EBITDA:
– Year 1-3: $122,525
Interest Expense:
– Year 1: $79,500
– Year 2: $68,000
– Year 3: $56,000
Taxes Incurred:
– Year 1: $0
– Year 2: $42,355
– Year 3: $57,139
Net Profit:
– Year 1: ($129,275)
– Year 2: $98,829
– Year 3: $133,325
Net Profit/Sales:
– Year 1: -30.61%
– Year 2: 22.33%
– Year 3: 27.39%
8.4 Projected Cash Flow:
The following table and chart indicate Projected Cash Flow.
| Pro Forma Cash Flow | |||
| Year 1 | Year 2 | Year 3 | |
| Cash Received | |||
| Cash from Operations | |||
| Cash Sales | $105,586 | $110,625 | $121,688 |
| Cash from Receivables | $240,226 | $328,223 | $357,044 |
| Subtotal Cash from Operations | $345,812 | $438,848 | $478,732 |
| Additional Cash Received | |||
| Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
| New Current Borrowing | $0 | $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 | $345,812 | $438,848 | $478,732 |
| Expenditures | |||
| Year 1 | Year 2 | Year 3 | |
| Expenditures from Operations | |||
| Cash Spending | $127,200 | $131,016 | $134,846 |
| Bill Payments | $227,987 | $219,308 | $218,092 |
| Subtotal Spent on Operations | $355,187 | $350,324 | $352,938 |
| Additional Cash Spent | |||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 |
| Other Liabilities Principal Repayment | $0 | $0 | $0 |
| Long-term Liabilities Principal Repayment | $120,000 | $120,000 | $120,000 |
| Purchase Other Current Assets | $0 | $0 | $0 |
| Purchase Long-term Assets | $0 | $0 | $0 |
| Dividends | $0 | $0 | $0 |
| Subtotal Cash Spent | $475,187 | $470,324 | $472,938 |
| Net Cash Flow | ($129,375) | ($31,477) | $5,793 |
| Cash Balance | $188,525 | $157,048 | $162,841 |
8.5 Projected Balance Sheet
The following table indicates the Projected Balance Sheet.
| Pro Forma Balance Sheet | |||
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Current Assets | |||
| Cash | $188,525 | $157,048 | $162,841 |
| Accounts Receivable | $76,532 | $80,184 | $88,203 |
| Other Current Assets | $0 | $0 | $0 |
| Total Current Assets | $265,057 | $237,232 | $251,044 |
| Long-term Assets | |||
| Long-term Assets | $861,500 | $861,500 | $861,500 |
| Accumulated Depreciation | $172,300 | $172,300 | $172,300 |
| Total Long-term Assets | $689,200 | $689,200 | $689,200 |
| Total Assets | $954,257 | $926,433 | $940,244 |
| Liabilities and Capital | |||
| Year 1 | Year 2 | Year 3 | |
| Current Liabilities | |||
| Accounts Payable | $24,132 | $17,479 | $17,965 |
| Current Borrowing | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 |
| Subtotal Current Liabilities | $24,132 | $17,479 | $17,965 |
| Long-term Liabilities | $740,000 | $620,000 | $500,000 |
| Total Liabilities | $764,132 | $637,479 | $517,965 |
| Paid-in Capital | $330,000 | $330,000 | $330,000 |
| Retained Earnings | ($10,600) | ($139,875) | ($41,046) |
| Earnings | ($129,275) | $98,829 | $133,325 |
| Total Capital | $190,125 | $288,954 | $422,279 |
| Total Liabilities and Capital | $954,257 | $926,433 | $940,244 |
| Net Worth | $190,125 | $288,954 | $422,279 |
8.6 Business Ratios
The following table details Business Ratios for Scan Lab and the Diagnostic Imaging Center industry (NAICS code 612512).
| Ratio Analysis | ||||
| Year 1 | Year 2 | Year 3 | Industry Profile | |
| Sales Growth | 0.00% | 4.77% | 10.00% | 8.83% |
| Percent of Total Assets | ||||
| Accounts Receivable | 8.02% | 8.66% | 9.38% | 29.41% |
| Other Current Assets | 0.00% | 0.00% | 0.00% | 48.00% |
| Total Current Assets | 27.78% | 25.61% | 26.70% | 80.30% |
| Long-term Assets | 72.22% | 74.39% | 73.30% | 19.70% |
| Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
| Current Liabilities | ||||
| Accounts Payable | 2.53% | 1.89% | 1.91% | 30.82% |
| Long-term Liabilities | 77.55% | 66.92% | 53.18% | 21.77% |
| Total Liabilities | 80.08% | 68.81% | 55.09% | 52.59% |
| Net Worth | 19.92% | 31.19% | 44.91% | 47.41% |
| Percent of Sales | ||||
| Sales | 100.00% | 100.00% | 100.00% | 100.00% |
| Gross Margin | 77.00% | 76.88% | 78.34% | 100.00% |
| Selling, General & Administrative Expenses | 102.84% | 0.00% | 0.00% | 66.55% |
| Advertising Expenses | 0.00% | 0.00% | 0.00% | 0.85% |
| Profit Before Interest and Taxes | -11.79% | 47.27% | 50.63% | 5.72% |
| Main Ratios | ||||
| Current | 10.98 | 13.57 | 13.97 | 1.77 |
| Quick | 10.98 | 13.57 | 13.97 | 1.49 |
| Total Debt to Total Assets | 80.08% | 68.81% | 55.09% | 54.16% |
| Pre-tax Return on Net Worth | -67.99% | 48.86% | 45.10% | 6.71% |
| Pre-tax Return on Assets | -13.55% | 15.24% | 20.26% | 14.64% |
| Additional Ratios | Year 1 |
Personnel Plan: Dr. Jones: 0%, $0, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000 Technicians: 0%, $0, $0, $0, $3,000, $3,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000, $6,000 Other: 0%, $0, $0, $0, $1,200, $1,200, $2,400, $2,400, $2,400, $2,400, $2,400, $2,400, $2,400 Total People: 0, 0, 0, 3, 3, 5, 5, 5, 5, 5, 5, 5, 5, 5 Total Payroll: $0, $0, $6,000, $10,200, $10,200, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400 General Assumptions: Plan Month: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 Current Interest Rate: 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00% Long-term Interest Rate: 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00% Tax Rate: 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00%, 30.00% Other: 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0 Pro Forma Profit and Loss: Sales: $0, $0, $18,689, $29,104, $33,997, $42,319, $44,585, $47,589, $50,933, $51,357, $51,870, $51,901 Direct Cost of Sales: $0, $0, $4,298, $6,694, $7,819, $9,733, $10,255, $10,945, $11,715, $11,812, $11,930, $11,937 Other Costs of Sales: $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0 Total Cost of Sales: $0, $0, $4,298, $6,694, $7,819, $9,733, $10,255, $10,945, $11,715, $11,812, $11,930, $11,937 Gross Margin: $0, $0, $14,391, $22,410, $26,178, $32,585, $34,331, $36,644, $39,218, $39,545, $39,940, $39,964 Gross Margin %: 0.00%, 0.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00%, 77.00% Expenses: Payroll: $0, $0, $6,000, $10,200, $10,200, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400, $14,400 Sales and Marketing and Other Expenses: $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500 Depreciation: $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358, $14,358 Rent: $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000 Utilities: $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500, $500 Insurance: $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500 Payroll Taxes: 15%, $0, $0, $900, $1,530, $1,530, $2,160, $2,160, $2,160, $2,160, $2,160, $2,160, $2,160 Other: $200, $200, $200, $200, $200, $200, $200, $200, $200, $200, $200, $200, $200 Total Operating Expenses: $19,058, $19,058, $25,958, $30,788, $30,788, $35,618, $35,618, $35,618, $35,618, $35,618, $35,618, $35,618, $35,618 Profit Before Interest and Taxes: ($19,058), ($19,058), ($11,568), ($8,378), ($4,611), ($3,033), ($1,288), $1,025, $3,600, $3,927, $4,322, $4,346 EBITDA: ($4,700), ($4,700), $2,791, $5,980, $9,748, $11,325, $13,071, $15,384, $17,958, $18,285, $18,680, $18,704 Interest Expense: $7,083, $7,000, $6,917, $6,833, $6,750, $6,667, $6,583, $6,500, $6,417, $6,333, $6,250, $6,167 Taxes Incurred: $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0 Net Profit: ($26,142), ($26,058), ($18,484), ($15,212), ($11,361), ($9,700), ($7,871), ($5,475), ($2,817), ($2,406), ($1,928), ($1,821) Net Profit/Sales: 0.00%, 0.00%, -98.91%, -52.27%, -33.42%, -22.92%, -17.65%, -11.50%, -5.53%, -4.69%, -3.72%, -3.51% Pro Forma Cash Flow |
||
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $0 | $4,672 | $7,276 | $8,499 | $10,580 | $11,146 | $11,897 | $12,733 | $12,839 | $12,968 | $12,975 | |
| Cash from Receivables | $0 | $0 | $0 | $467 | $14,277 | $21,950 | $25,706 | $31,796 | $33,514 | $35,775 | $38,210 | $38,531 | |
| Subtotal Cash from Operations | $0 | $0 | $4,672 | $7,743 | $22,776 | $32,530 | $36,852 | $43,693 | $46,247 | $48,615 | $51,178 | $51,506 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $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 | ||
| New Long-term Liabilities | $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 | ||
| Sales of Long-term Assets | $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 | ||
| Subtotal Cash Received | $0 | $0 | $4,672 | $7,743 | $22,776 | $32,530 | $36,852 | $43,693 | $46,247 | $48,615 | $51,178 | $51,506 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $0 | $0 | $6,000 | $10,200 | $10,200 | $14,400 | $14,400 | $14,400 | $14,400 | $14,400 | $14,400 | $14,400 | |
| Bill Payments | $393 | $11,781 | $11,871 | $16,913 | $19,792 | $20,881 | $23,275 | $23,718 | $24,328 | $24,992 | $25,007 | $25,038 | |
| Subtotal Spent on Operations | $393 | $11,781 | $17,871 | $27,113 | $29,992 | $35,281 | $37,675 | $38,118 | $38,728 | $39,392 | $39,407 | $39,438 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| Long-term Liabilities Principal Repayment | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
| Purchase Other Current Assets | $0 | $ | |||||||||||
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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