business plan

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Financial Summary

The financial section of the business plan will help you estimate how much money will be required and how much profit and sales will be generated. This process will force you to think through the various scenarios that may arise through the course of business and the respective responses to each. Be sure to answer the following questions that are usually asked by our Review Panel

Break-even Sales $ =Fixed Costs/1- Variable Costs

8.1 Start-up Funds

The section should identify all the costs associated with starting the business, expanding a current business, or taking over a business as well as the sources of investment capital and/or borrowed money. Include a start-up budget or estimate to account for the initial cost of the business.

Elements to consider when preparing a start-up budget include:

Supplies

Salaries/Wages

Payroll expenses

Group 1 Office Pen Display

Engineers:

Nick Bordwine

Travis Miller

Marketing:

Osama Altarooti

Mohammed Alnasser

Dhyaa Shwaikat

James Morris

Office Pen Display

Original Elegant Design

Holds 6 Pens and Business Cards

Amazon Market

$50 18 Reviews

$43 8 Reviews

Etsy Market

$18 47 Reviews

$39 Favorited by 3665

Etsy Market Cont.

$45 321 Reviews

$70 44 Reviews

Prototype Tooling

Production Process

Processes occur simultaneously

Batch Production, 3 at a time

THREE PIECES, Two screws

Hand Finished and Inspected

Time and Motion Study

10 + 12 + 8 = 30 Minutes

Step 1

Step 2

Laser Cut PETG Sheet And Wood Prep

PETG Prep

And

C&C Wood Routing

Assembly And Finishing

Step 3

Materials Cost

Initial Run 60 Units

$1.21 Poplar Wood

(+ $0.23 for Maple)

3 Complete sets from 6 ft. of lumber

Dimensions changed to reduce wastage and cost

Materials Cost

$75.33 PETG Sheet

USplastics.com

20 per sheet

$3.77 per unit

Dimensions changed to reduce wastage and cost

$40 Price Point

$7.20 – 18% Licensing Fee

$1.21 Poplar Wood

$3.77 PETG

$6.05 Labor ($18.16 per hour)

$0.14 Brass Screws x 2

Total Cost $15.37 Per Unit

$24.63 Profit 61.5% Margin

$24.63 x 60 = $1477.8

Sunk Cost

Extensive R&D and Testing

AutoCAD Tool Path

Payscale.com $19.24 per hour

$19.24 x 40 = 769.60

Customization

Add Surcharge for Options

Laser Engraving

Both Sides A Blank Canvas

$7.20 – 18% Licensing Fee

Add Name on Back

Customization Cont.

Replace Card Holder with Cell Phone Rest

Choose from Preset Designs

Upgrade your wood

Maple, Cherry or Alder

Office Pen Display

Engineers:

Nick Bordwine

Travis Miller

Marketing:

Osama Altarooti

Mohammed Alnasser

Dhyaa Shwaikat

James Morris