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Unformatted text preview: Financial Plan Summary Community State Farm Insurance is an insurance brokerage company that sells State Farm Insurance Policies. Community State Farm Insurance was started with owner investments of $100,000 and a $100,000 small business loan from Bank of America. The company will employ 3 persons and the owner/agent. The owner-agents salary will rely greatly on their sales and the sales of the 2 other salespeople in the office. The sales forecast was based on an 89% cost for the insurance policies. This figure was derived from a guarantee of 8% in sales plus a 3% bonus. The owner-agent is also eligible for other bonuses; however these have not been factored into the sales forecasts. The sales forecast is largely based on the trends of the insurance industry, as well as the increased advertising campaigns that will support Community State Farm Insurance in its sales efforts. State Farm Insurance, which is the primary resale item of Community State Farm Insurance, has created a substantial...
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This note was uploaded on 03/26/2012 for the course GM600 GM600 taught by Professor Professor during the Fall '10 term at Keller Graduate School of Management.
- Fall '10