EBD 280 Business Plan Sample.doc - Splendid Moments Photography Laurene Rapoza Jordan Gudaitis Cameron Ellis Drew Grey UNC Wilmington Wilmington NC

EBD 280 Business Plan Sample.doc - Splendid Moments...

This preview shows page 1 - 5 out of 16 pages.

Splendid Moments Photography Laurene Rapoza, Jordan Gudaitis, Cameron Ellis, Drew Grey UNC Wilmington Wilmington, NC, 28403 BUSINESS PLAN November 2012 _______________________________________________________________________ Splendid Moments Photography 1 Business Plan – November, 2012
Image of page 1
EXECUTIVE SUMMARY The Company is a start-up that provides customers with Photography Services. The Company will offer its customers a wide range of photography services and products. The owners have become aware through experience in the industry and services of competitors that there is a need for photography products and services by the Company. The Company has identified 4 attractive market segments to target. These market segments are: High School Seniors, Families, Recently Engaged Couples, New parents Although there are competitive businesses, their locations are not as convenient for customers; products and services are higher prices than the Company’s; Unwillingness to travel to provide these photo services. The competing businesses also lack the personal touch that the customers are looking for. The Company will be in a prime location to service the target market segments. Splendid Moments Photography is seeking outside funds of $15 thousand , with the owners investing $15 thousand , for a total initial capital of $30 thousand . Planned Uses and Sources of financing are as follows: USES OF FUNDS 2009 2010 Fixed Asset Acquisitions $15,000 $15,000 Other Initial Expenses $15,000 $15,000 Working Capital $30,000 $30,000 Total Capital Requirement $30,000 $30,000 SOURCES OF FUNDS 2009 2010 Owner Investment $15,000 $15,000 Outside Funding Required $15,000 $15,000 Total Capital Sources $30,000 $30,000 Financial Highlights _______________________________________________________________________ Splendid Moments Photography 2 Business Plan – November, 2012
Image of page 2
The following table summarizes the key facets of projected company performance: The Company is projecting sales of $15 thousand during the first 12-month period, and then expects to grow to sales of $30 thousand and $40 thousand in years two and three, respectively. _______________________________________________________________________ Splendid Moments Photography 3 Business Plan – November, 2012
Image of page 3
COMPANY OVERVIEW Background We noticed that there were not enough photography businesses that offered competitive rates and were unwilling to travel to certain locations for the convenience of the client, as well as a personal touch to each portrait. Laurene Rapoza, Jordan Gudaitis, Cameron Ellis, and Drew Grey are the owners of Splendid Moments Photography. They will form the Company as a general partnership. Products/Services The Company will offer a carefully selected range of portraits/products for customers. The concept is to provide clients with pure happiness and satisfaction with their images being exactly what they visualized. Some of the Company’s main product offerings include categories: Portraits on CD Digital imagery/All photos will be digital. Photo printing Photos with the option of custom framing/frame selection.
Image of page 4
Image of page 5

You've reached the end of your free preview.

Want to read all 16 pages?

  • Spring '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors