Chicano Stylez (CS) is a clothing and accessories store catering to the Chicano/Hispanic population in Eugene, Oregon. Our goal is to be Oregon’s top cultural retail store, offering a wide range of high quality and rare products. Located in downtown Eugene, we aim to create an atmosphere of acceptance and community care for the growing Hispanic community. We also give back to the community by providing free services to children, including story nights, art lessons, and music appreciation classes. At Chicano Stylez, we foster a creative work environment and value diversity. We also offer employee goals such as profit sharing with company growth.
1.1 Objectives:
– Make Chicano Stylez the top cultural retail store in Oregon.
– Achieve a modest profit margin within the first year.
– Have a customer base of 5,000 by the end of year one.
– Attain a positive net profit by year two.
1.2 Keys to Success:
– Offer high-quality products.
– Provide excellent customer service.
– Be a helpful and respected member of the community.
– Create customer loyalty for repeat purchases.
Chicano Stylez is a contemporary retail outlet that attracts the Chicano/Hispanic population and Eugene residents who desire the latest fashions.
The store remains involved with the community through an outreach program, promoting diversity and inclusivity.
2.1 Company Ownership:
Chicano Stylez is a sole proprietorship owned by Sandra Adams, with plans to incorporate in the future as the business grows.
2.2 Start-up Summary:
Assets account for 80% of start-up costs, which primarily focus on inventory for clothing and accessories.
Start-up expenses include pricing tools, a cash register, advertising and brochure design, legal fees for security, consulting fees for merchandising and store layout, and financing from the owner and investors.
Start-up Requirements:
Start-up Expenses
– Legal: $1,000
– Stationery etc.: $2,000
– Brochures: $500
– Consultants: $2,500
– Insurance: $300
– Rent: $1,000
– Research and development: $500
– Expensed equipment: $3,500
– Other: $1,000
Total Start-up Expenses: $12,300
Start-up Assets
– Cash Required: $20,000
– Start-up Inventory: $8,000
– Other Current Assets: $27,000
– Long-term Assets: $0
Total Assets: $55,000
Total Requirements: $67,300
Start-up Funding
Start-up Expenses to Fund: $12,300
Start-up Assets to Fund: $55,000
Total Funding Required: $67,300
Assets
– Non-cash Assets from Start-up: $35,000
– Cash Requirements from Start-up: $20,000
– Additional Cash Raised: $0
– Cash Balance on Starting Date: $20,000
– Total Assets: $55,000
Liabilities and Capital
Liabilities
– Current Borrowing: $0
– Long-term Liabilities: $12,000
– Accounts Payable (Outstanding Bills): $10,000
– Other Current Liabilities (interest-free): $0
– Total Liabilities: $22,000
Capital
– Planned Investment
– Investor 1: $20,000
– Investor 2: $15,000
– Other: $10,300
– Additional Investment Requirement: $0
– Total Planned Investment: $45,300
– Loss at Start-up (Start-up Expenses): ($12,300)
– Total Capital: $33,000
Total Capital and Liabilities: $55,000
Total Funding: $67,300
Company Locations and Facilities
Located in downtown Eugene, we provide a central location for the growing Hispanic community. We believe in creating an atmosphere of acceptance and community care, as well as a place where individuals can bond with aspects of their culture.
Products
Product descriptions, beyond general categories of clothing and accessories, have been omitted from this sample plan because they were considered proprietary and wouldn’t be useful to anyone else.
Competitive Comparison
Chicano Stylez has advantages over its leading competitors:
1. New inventory from renowned Latin-American markets.
2. Literature, art, and music are essential elements of our store’s atmosphere. We offer these cultural aspects, free of charge, to all children.
3. In addition to Latin-American products, we offer clothing and accessories from swap meets and cultural sub-communities like Olvera Street in Los Angeles. Our aim is to bond with the high Chicano population in Eugene by offering products that combine both Latin and American cultures.
4. Ambiance of creativity, uniqueness, and comfort that comes with recognizing our products.
5. Friendly staff who foster respect and appreciation for diversity.
Market Analysis Summary
The primary target customers of Chicano Stylez are adult Chicano/Hispanic. Our clothing and accessories appeal to people from or familiar with this culture. The Chicano/Hispanic customer base is expected to grow as the population in Oregon increases.
The secondary target customers of Chicano Stylez are teenagers. We offer unique products and strive to be competitive with prices and the latest styles. Teenagers are trendsetters and tend to keep up with the latest fads, making them an important customer segment.
The last target customers of Chicano Stylez are labeled as Other. We expect a variety of people, from business people to international students, to be interested in our unique products. We believe our customer service and welcoming atmosphere will keep a diverse range of customers coming back.
Market Segmentation
The Chicano/Hispanic population in the Whittaker Eugene area is dominant, making up a high percentage of our expected customers.
Teenagers are a large group of trendsetters and consumers. By offering a unique product in the Eugene area, we expect to attract many teenagers.
The remaining customer segment, labeled as Other, includes a variety of people. Chicano Stylez offers a high-quality product that is new to many, and our cultural ambiance and customer service will attract and retain interested shoppers. While this segment is diverse, we don’t expect it to make up a large portion of our customer base.
Market Analysis
| Market Analysis | |||||||
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
| Potential Customers | Growth | CAGR | |||||
| Chicano/Hispanic 21-35 yrs. old | 10% | 2,000 | 2,200 | 2,420 | 2,662 | 2,928 | 10.00% |
| Teenagers | 6% | 900 | 954 | 1,011 | 1,072 | 1,136 | 5.99% |
| Other | 4% | 300 | 312 | 324 | 337 | 350 | 3.93% |
| Total | 8.37% | 3,200 | 3,466 | 3,755 | 4,071 | 4,414 | 8.37% |
Contents
4.2 Target Market Segment Strategy
Chicano Stylez benefits from three major trends that contribute to its potential success:
- World-wide media attention has been drawn to the “Latin Explosion” within the last two to three years.
- The population in the city of Eugene has experienced exponential growth over the past ten years.
- The downtown Eugene Whittaker area is home to a high population of the Hispanic/Chicano community, as well as various small stores, restaurants, and a Latino center for career and social assistance.
Recent studies indicate a significant increase in Latin American awareness and interest in the cultural lifestyle, clothing, religion, etc.
Each of the three market segments has unique needs, and CS aims to address each segment individually:
Chicano/Hispanic 21-35 years old: CS offers a variety of products that represent the Latin culture.
Teenagers: CS provides the latest styles from top Latin markets, catering to the desire for uniqueness and trendiness among young people.
Other: The Hispanic culture is one of the fastest growing sub-cultures in the United States. Elements of the Hispanic culture attract people of all races.
4.3 Main Competitors
Our competitors are also located in the Whittaker community. La Tiendita/Taco Loco, Carneceria Lupita, and La Fiesta offer a variety of products but lack the provision of free education to children and a wide range of products from top Latin-American markets.
La Tiendita, located inside Taco Loco, combines the atmosphere of a restaurant with shopping. However, they do not emphasize promotion of their retail products and focus more on their restaurant, which is their main weakness.
Strategy and Implementation Summary
The following sections outline the marketing and sales strategy for CS.
5.1 Value Proposition
Chicano Stylez offers customers high quality clothing, unique and diverse products, a cultural community center, and educational services for children.
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5.2 Competitive Edge
The competitive edge of CS is composed of the following components:
- Location
- Unique and high quality products and services
- Cultural atmosphere
- Loyalty among customers
5.3 Marketing Strategy
Our marketing strategy revolves around pricing, promotion, distribution, sales strategy, and forecast.
We focus our market on the Hispanic/Chicano population of downtown Eugene, treating them as a community with respect and esteem. To achieve this, our marketing resources are centered around customer loyalty and satisfaction, as well as maintaining consistency.
- The marketing budget will not exceed $5,000 per year.
- Our marketing promotions will align with our company objectives and mission statement.
We target people who seek high quality and unique products, as well as a cultural atmosphere. Unlike other Latin-based retailers, we emphasize community involvement.
Pricing Strategy:
- CS aims to encourage continued customer purchase and loyalty, therefore maintaining a consistent pricing strategy is crucial.
- We will match or offer a price no more than 5-10% higher than our competitors, and always honor a competitor’s price when dealing with a customer.
Promotion Strategy:
- CS will have an advertising plan consisting of a radio advertisement on the local Spanish station and a display in the phone book.
- Publicity is crucial for CS. We aim to involve the community through public relations and utilize various forms of media to increase our brand awareness.
Marketing programs:
Our most important marketing programs are:
- Publicity: Utilize media to share our story and mission statement within the community.
- Sales promotion: Set up a prominent booth at the park to interact with the community and offer our products for free.
Sales Strategy:
- Encourage employees to sell by providing performance-based bonuses.
- Ensure employees possess a comprehensive knowledge of our products to effectively promote their quality to customers.
- Display sample items and maintain a flexible return policy to build trust and loyalty, thereby expanding our customer base.
5.4 Sales Forecast
We anticipate sales to steadily increase by approximately 2-5% in the first year. Initially, sales may be slow as we establish our presence, but they will quickly pick up as our customer base grows. The holiday season in December will contribute to a 9% jump in sales.
CS aims to achieve a 20% increase in sales for the year 2002 and a 30% increase for the year 2003. We are confident in our ability to maintain this steady growth and level of sales.
Review:
Year 1 Year 2 Year 3
Sales
Clothing and Accesories $90,200 $108,240 $140,712
Other $0 $0 $0
Total Sales $90,200 $108,240 $140,712
Direct Cost of Sales
Year 1 Year 2 Year 3
Clothing and Accesories $22,550 $27,060 $35,178
Other $0 $0 $0
Subtotal Direct Cost of Sales $22,550 $27,060 $35,178
Management Summary
The founder of Chicano Stylez, Sandra Adams, believes that employee relationships are crucial to the business’s success. This relationship should prioritize creativity and growth. Pay will be based on performance and quality of work. Expanding on each other’s strengths and building is a top priority.
CS does not have departments. Sandra Adams, the owner, is the lead manager who aligns all decisions with the company’s goals. Employees are encouraged to work within their boundaries. Evaluations, promotions, or bonuses will be given every 6 months.
Sandra Adams has a degree in Spanish and cultural learning. She has lived in a highly Hispanic community in Los Angeles for most of her life and understands the importance of a cultural community bond. Adams aims to create an atmosphere of equality, awareness, and respect based on her knowledge and vision for the Eugene area.
Personnel Plan
Year 1 Year 2 Year 3
Manager $23,600 $24,780 $26,019
Employee $12,000 $12,600 $13,230
Total People $0 $0 $0
Total Payroll $35,600 $37,380 $39,249
The following sections outline the financial plan for Chicano Stylez.
Important Assumptions
The table below highlights the important assumptions for the company.
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 25.42% 25.00% 25.42%
Other $0 $0 $0
Projected Profit and Loss
The table below provides the expected profit and loss for the company.
Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $90,200 $108,240 $140,712
Direct Cost of Sales $22,550 $27,060 $35,178
Other $0 $0 $0
Total Cost of Sales $22,550 $27,060 $35,178
Gross Margin $67,650 $81,180 $105,534
Gross Margin % 75.00% 75.00% 75.00%
Expenses
Payroll $35,600 $37,380 $39,249
Sales and Marketing and Other Expenses $14,400 $16,500 $16,900
Depreciation $0 $0 $0
Leased Equipment $2,400 $2,000 $1,500
Utilities $3,600 $3,800 $4,000
Insurance $3,600 $3,600 $3,600
Rent $12,000 $13,000 $14,000
Payroll Taxes $0 $0 $0
Other $0 $0 $0
Total Operating Expenses $71,600 $76,280 $79,249
Profit Before Interest and Taxes ($3,950) $4,900 $26,285
EBITDA ($3,950) $4,900 $26,285
Interest Expense $1,070 $840 $600
Taxes Incurred $0 $1,015 $6,528
Net Profit ($5,020) $3,045 $19,157
Net Profit/Sales -5.57% 2.81% 13.61%
7.3 Break-even Analysis
The chart and table below show the Break-even Analysis for CS.
Break-even Analysis:
Monthly Revenue Break-even: $7,956
Assumptions:
– Average Percent Variable Cost: 25%
– Estimated Monthly Fixed Cost: $5,967
7.4 Projected Cash Flow:
The cash flow statement can be found in the chart and table below.
| Pro Forma Cash Flow | |||
| Year 1 | Year 2 | Year 3 | |
| Cash Received | |||
| Cash from Operations | |||
| Cash Sales | $90,200 | $108,240 | $140,712 |
| Subtotal Cash from Operations | $90,200 | $108,240 | $140,712 |
| 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 | $90,200 | $108,240 | $140,712 |
| Expenditures | |||
| Expenditures from Operations | |||
| Cash Spending | $35,600 | $37,380 | $39,249 |
| Bill Payments | $55,718 | $68,977 | $81,568 |
| Subtotal Spent on Operations | $91,318 | $106,357 | $120,817 |
| 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 | $2,400 | $2,400 | $2,400 |
| Purchase Other Current Assets | $0 | $0 | $0 |
| Purchase Long-term Assets | $0 | $0 | $0 |
| Dividends | $0 | $0 | $0 |
| Subtotal Cash Spent | $93,718 | $108,757 | $123,217 |
| Net Cash Flow | ($3,518) | ($517) | $17,495 |
| Cash Balance | $16,482 | $15,966 | $33,461 |
7.5 Projected Balance Sheet
The Balance Sheet is found in the following table.
| Pro Forma Balance Sheet | |||
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Current Assets | |||
| Cash | $16,482 | $15,966 | $33,461 |
| Inventory | $3,080 | $3,696 | $4,805 |
| Other Current Assets | $27,000 | $27,000 | $27,000 |
| Total Current Assets | $46,562 | $46,662 | $65,266 |
| Long-term Assets | |||
| Long-term Assets | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 |
| Total Assets | $46,562 | $46,662 | $65,266 |
| Liabilities and Capital | |||
| Current Liabilities | |||
| Accounts Payable | $8,982 | $8,437 | $10,284 |
| Current Borrowing | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 |
| Subtotal Current Liabilities | $8,982 | $8,437 | $10,284 |
| Long-term Liabilities | |||
| $9,600 | $7,200 | $4,800 | |
| Total Liabilities | $18,582 | $15,637 | $15,084 |
| Paid-in Capital | $45,300 | $45,300 | $45,300 |
| Retained Earnings | ($12,300) | ($17,320) | ($14,275) |
| Earnings | ($5,020) | $3,045 | $19,157 |
| Total Capital | $27,980 | $31,025 | $50,182 |
| Total Liabilities and Capital | $46,562 | $46,662 | $65,266 |
| Net Worth | $27,980 | $31,025 | $50,182 |
7.6 Business Ratios
The following table contains important ratios from the retail clothing industry, Code 5999, as determined by the Standard Industry Classification (SIC) Index.
| Ratio Analysis | ||||
| Year 1 | Year 2 | Year 3 | Industry Profile | |
| Sales Growth | 0.00% | 20.00% | 30.00% | 6.30% |
| Percent of Total Assets | ||||
| Inventory | 6.61% | 7.92% | 7.36% | 39.30% |
| Other Current Assets | 57.99% | 57.86% | 41.37% | 23.90% |
| Total Current Assets | 100.00% | 100.00% | 100.00% | 80.10% |
| Long-term Assets | 0.00% | 0.00% | 0.00% | 19.90% |
| Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
| Current Liabilities | ||||
| Accounts Payable | 19.29% | 18.08% | 15.76% | 46.00% |
| Long-term Liabilities | 20.62% | 15.43% | 7.35% | 14.00% |
| Total Liabilities | 39.91% | 33.51% | 23.11% | 60.00% |
| Net Worth | 60.09% | 66.49% | 76.89% | 40.00% |
| Percent of Sales | ||||
| Sales | 100.00% | 100.00% | 100.00% | 100.00% |
| Gross Margin | 75.00% | 75.00% | 75.00% | 34.10% |
| Selling, General & Administrative Expenses | 95.57% | 56.75% | 49.76% | 19.80% |
| Advertising Expenses | 7.22% | 6.88% | 5.45% | 2.60% |
| Profit Before Interest and Taxes | -4.38% | 4.53% | 18.68% | 1.10% |
| Main Ratios | ||||
| Current | 5.18 | 5.53 | 6.35 | 1.77 |
| Quick | 4.84 | 5.09 | 5.88 | 0.67 |
| Total Debt to Total Assets | 39.91% | 33.51% | 23.11% | 60.00% |
| Pre-tax Return on Net Worth | -17.94% | 13.09% | 51.18% | 2.60% |
| Pre-tax Return on Assets | -10.78% | 8.70% | 39.35% | 6.50% |
| Additional Ratios | ||||
| Net Profit Margin | -5.57% | 2.81% | 13.61% | n.a |
| Return on Equity | -17.94% | 9.81% | 38.17% | n.a |
| Activity Ratios | ||||
| Inventory Turnover | 7.55 | 7.99 | 8.28 | n.a |
| Accounts Payable Turnover | 6.09 | 8.11 | 8.11 | n.a |
| Payment Days | 47 | 46 | 41 | n.a |
| Total Asset Turnover | 1.94 | 2.32 | 2.16 | n.a |
| Debt Ratios | ||||
| Debt to Net Worth | 0.66 | 0.50 | 0.30 | n.a |
| Current Liab. to Liab. | 0.48 | 0.54 | 0.68 | n.a |
| Liquidity Ratios | ||||
| Net Working Capital | $37,580 | $38,225 | $54,982 | n.a |
| Interest Coverage | -3.69 | 5.83 | 43.81 | n.a |
| Additional Ratios | ||||
| Assets to Sales | 0.52 | 0.43 | 0.46 | n.a |
| Current Debt/Total Assets | 19% | 18% | 16% | n.a |
| Acid Test | 4.84 | 5.09 | 5.88 | n.a |
| Sales/Net Worth | 3.22 | 3.49 | 2
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% 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% Tax Rate – 30.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% Other – 0 0 0 0 0 0 0 0 0 0 0 0 Pro Forma Profit and Loss: Sales – $5,000 $6,000 $6,500 $6,500 $7,000 $7,000 $7,500 $7,500 $8,000 $8,500 $9,500 $11,200 Direct Cost of Sales – $1,250 $1,500 $1,625 $1,625 $1,750 $1,750 $1,875 $1,875 $2,000 $2,125 $2,375 $2,800 Other – $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Cost of Sales – $1,250 $1,500 $1,625 $1,625 $1,750 $1,750 $1,875 $1,875 $2,000 $2,125 $2,375 $2,800 Gross Margin – $3,750 $4,500 $4,875 $4,875 $5,250 $5,250 $5,625 $5,625 $6,000 $6,375 $7,125 $8,400 Gross Margin % – 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% Expenses: Payroll – $1,800 $1,800 $2,350 $2,350 $2,600 $2,900 $2,900 $3,000 $3,500 $3,550 $4,350 $4,500 Sales and Marketing and Other Expenses – $1,300 $1,300 $900 $1,300 $1,300 $1,100 $1,300 $1,100 $1,300 $1,300 $900 $1,300 Depreciation – $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Leased Equipment – $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 Utilities – $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 Insurance – $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 Rent – $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Payroll Taxes – 15% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other – $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operating Expenses – $4,900 $4,900 $5,050 $5,450 $5,700 $5,800 $6,000 $5,900 $6,600 $6,650 $7,050 $7,600 Profit Before Interest and Taxes – ($1,150) ($400) ($175) ($575) ($450) ($550) ($375) ($275) ($600) ($275) $75 $800 EBITDA – ($1,150) ($400) ($175) ($575) ($450) ($550) ($375) ($275) ($600) ($275) $75 $800 Interest Expense – $98 $97 $95 $93 $92 $90 $88 $87 $85 $83 $82 $80 Taxes Incurred – $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Profit – ($1,248) ($497) ($270) ($668) ($542) ($640) ($463) ($362) ($685) ($358) ($7) $720 Net Profit/Sales – -24.97% -8.28% -4.15% -10.28% -7.74% -9.14% -6.18% -4.82% -8.56% -4.22% -0.07% 6.43% Pro Forma Cash Flow: Cash Received – Cash from Operations – Cash Sales – $5,000 $6,000 $6,500 $6,500 $7,000 $7,000 $7,500 $7,500 $8,000 $8,500 $9,500 $11,200 Subtotal Cash from Operations – $5,000 $6,000 $6,500 $6,500 $7,000 $7,000 $7,500 $7,500 $8,000 $8,500 $9,500 $11,200 Additional Cash Received – Sales Tax, VAT, HST/GST Received – 0.00% $0 $0 $0 $0 $0 Pro Forma Balance Sheet |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Cash | $20,000 | $16,333 | $16,405 | $16,047 | $17,014 | $18,207 | $18,021 | $17,622 | $16,936 | $16,216 | $15,859 | $15,421 | |
| Inventory | $8,000 | $6,750 | $5,250 | $3,625 | $2,000 | $1,925 | $1,925 | $2,063 | $2,063 | $2,200 | $2,338 | $2,613 | $3,080 |
| Other Current Assets | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 |
| Total Current Assets | $55,000 | $50,083 | $48,655 | $46,672 | $46,014 | $47,132 | $46,946 | $46,685 | $45,999 | $45,416 | $45,196 | $45,033 | $46,562 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $55,000 | $50,083 | $48,655 | $46,672 | $46,014 | $47,132 | $46,946 | $46,685 | $45,999 | $45,416 | $45,196 | $45,033 | $46,562 |
| Liabilities and Capital | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Current Liabilities | |||||||||||||
| Accounts Payable | $10,000 | $6,532 | $5,800 | $4,287 | $4,498 | $6,357 | $7,011 | $7,413 | $7,289 | $7,591 | $7,930 | $7,973 | $8,982 |
| 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 | $10,000 | $6,532 | $5,800 | $4,287 | $4,498 | $6,357 | $7,011 | $7,413 | $7,289 | $7,591 | $7,930 | $7,973 | $8,982 |
| Long-term Liabilities | $12,000 | $11,800 | $11,600 | $11,400 | $11,200 | $11,000 | $10,800 | $10,600 | $10,400 | $10,200 | $10,000 | $9,800 | $9,600 |
| Total Liabilities | $22,000 | $18,332 | $17,400 | $15,687 | $15,698 | $17,357 | $17,811 | $18,013 | $17,689 | $17,791 | $17,930 | $17,773 | $18,582 |
| Paid-in Capital | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 | $45,300 |
| Retained Earnings | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) | ($12,300) |
| Earnings | $0 | ($1,248) | ($1,745) | ($2,015) | ($2,683) | ($3,225) | ($3,865) | ($4,328) | ($4,690) | ($5,375) | ($5,733) | ($5,740) | ($5,020) |
| Total Capital | $33,000 | $31,752 | $31,255 | $30,985 | $30,317 | $29,775 | $29,135 | $28,672 | $28,310 | $27,625 | $27,267 | $27,260 | $27,980 |
| Total Liabilities and Capital | $55,000 | $50,083 | $48,655 | $46,672 | $46,014 | $47,132 | $46,946 | $46,685 | $45,999 | $45,416 | $45,196 | $45,033 | $46,562 |
| Net Worth | $33,000 | $31,752 | $31,255 | $30,985 | $30,317 | $29,775 | $29,135 | $28,672 | $28,310 | $27,625 | $27,267 | $27,260 | $27,980 |
Business Plan Outline
- Executive Summary
- Company Summary
- Products
- 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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