Tier 2 Business Plan Sample

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ABC AccountingABC AccountingABC AccountingABC Accounting


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Table of Contents

1.0 Executive Summary................................................................................... ..............................................1Chart: Highlights........................................................................... ..............................................1

1.1 Objectives........................................................................................ ..............................................11.2 Mission ............................................................................................ ..............................................21.3 Keys to Success .............................................................................. ..............................................2

2.0 Company Summary................................................................................... ..............................................22.1 Company Ownership ....................................................................... ..............................................32.2 Start-up Summary............................................................................ ..............................................3

Table: Start-up............................................................................. ..............................................3

Chart: Start-up ............................................................................. ..............................................43.0 Services .................................................................................................... ..............................................44.0 Market Analysis Summary ......................................................................... ..............................................5

4.1 Market Segmentation....................................................................... ..............................................6Table: Market Analysis...............................................................................................................6Chart: Market Analysis (Pie)......................................................... ..............................................7

4.2 Target Market Segment Strategy...................................................................................................74.3 Service Business Analysis ............................................................... ..............................................7

5.0 Strategy and Implementation Summary...................................................................................................7

5.1 Competitive Edge ............................................................................ ..............................................85.2 Marketing Strategy .......................................................................... ..............................................85.3 Sales Strategy ................................................................................. ..............................................8

5.3.1 Sales Forecast.................................................................... ..............................................8Table: Sales Forecast......................................................... ..............................................9Chart: Sales Monthly.........................................................................................................9Chart: Sales by Year.......................................................................................................10

5.4 Milestones ....................................................................................... ............................................10Table: Milestones......................................................................... ............................................10

Chart: Milestones ......................................................................... ............................................116.0 Management Summary ............................................................................. ............................................11

6.1 Personnel Plan ................................................................................ ............................................12Table: Personnel.......................................................................... ............................................12


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Table of ContentsTable: Profit and Loss ...................................................................................................................................3

Table: Cash Flow..........................................................................................................................................4Table: Balance Sheet....................................................................................................................................5


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Sample Plan

1.0 Executive Summary

ABC Accounting is a small, one-person accounting and web consulting service owned and run by

Katie Jones, in Florida. The firm will offer tax return preperation, accounting, accounts receivableand accounts payable post ing and management. QuickBooks set-up and training for smallbusiness clients will be handled by the company as well. To move beyond the singular focus of

accounting, the business will also offer web design and consulting. Providing these services toa broad base of clients will require Ms. Jones to run the company full time.

The goal of Ms. Jones's is being able to earn a living from this accounting and web consulting

business; this will be accomplished by executing on this business plan. An investment in thehardware, software and infrastructure of approximately $150,000 is needed. This businessplan organizes the strategy and tactics for the business to succeed and sets objectives for

growth over the next three years.

The business will offer clients accounting services with the oversight of Ms. Jones at a pricethey can afford. To do this the business will operate as a remote consulting firm keeping

overhead down to a bare minimum. The effect will be sales more than doubling over threeyears as Ms. Jones relizes her goals of running the business full time and providing all the

income for her needs


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-To launch the bookkeeping/accounting services rapidly, beginning with Ms. Jones solicitingexisting businesses that have expressed interest

-To achieve bookkeeping service annual revenues equal or greater to the current totalrevenues within three years (effectively doubling revenue)

-To achieve gross revenue of $64,00 in the first year.-To ramp up the web design and consulting area of the firm within the first month of 2010.

1.2 Mission

ABC Accounting seeks to provide a full suite of accounting, tax preperation, and web

design services for small businesses in Florida area, allowing business owners to not only savemoney over inhouse accounting and ensure their compliance with tax laws, but to makevaluable management decisions from their numbers.


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Sample Planthe Florida area, the company has no specific industry specialization. ABC Accounting plans to

operate nimble to service other needs that clients may have as well.Florida

2.1 Company Ownership

ABC Accounting will be created as a sole proprietorship based in Florida, owned by Katie Jones,

its principal investor and principal operator. As of this writing, it has not been chartered yet andis still considering alternatives of legal formation.

2.2 Start-up Summary

Total start-up expense (Paper, Personalized Paper Work, Business Cards Advertising

newspaper, web Rewiring for multiline phone usage phone, fax, internet) comes to $37,000.Start-up assets required include $3,000 in short-term assets (Office Equipment desk, filing

cabinet, chair, office accessories), $20,000 in long term assets (Equipment (Computers,Software, Multifunctional Printer) and $90,000 in initial cash to handle the first few months of

consulting operations as sales and accounts receivable play through the cash flow. The detailsare included in Table 2-2.

Table: Start-up

Start-up

Requirements

Start-up ExpensesPaper, Personalized Paper Work, Business Cards $10,000

Advertising (newspaper, web) $2,000

Rewiring for mul tili ne phone usage (phone, fax,

internet)

$25,000


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3.0 Services

The current services ABC Accounting can be engaged for include:

Tax Services:

-

Tax return preparationT l i f f t ti i


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4.0 Market Analysis Summary

The small business accounting market consists of virtually every small business in the UnitedStates. As businesses grow larger than one person sole proprietorships, they generally require

expert help with at least their tax preparation, and often with additional bookkeeping and


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Sample Plan

4.1 Market Segmentation

The market of small businesses in Florida represents approximately406,766 businesses in 2009. It has been divided into three groups:Non-employer firms:

Without employees, these firms do not have many of the concerns oflarger businesses. However, the owners must be vigilant to protect their own tax liability and

sortout how their personal and business tax returns intersect. These firms are generally buyers of

QuickBooks services and tax preparation services. As they grow, this group becomes ripe foroutsourced bookkeeping services before they can hire an full-time in-house bookkeeper.Very small businesses:

Made up of businesses that are designed to stay small and those whichare growing through a phase, these businesses require payroll services, bookkeeping, and tax

preparation. They are concerned about losing control, but can generally be convinced of usingoutsourced accounting and bookkeeping with cost analysis. With the stakes higher, these

businesses can make greater use of management accounting services, especially as most cannotafford a dedicated CFO. Many do not need a full-time bookkeeper, but can make do with

parttimehelp, which limits their hiring options.Other small businesses:

Many of these businesses will have some in-house financialmanagement and bookkeeping help. However, they may be able to save money by outsourcing

these services, as they are not generally core to what the business seeks to do. Thesebusinesses may be comfortable with their situation as a cash producer for their owners or

intent ongrowing or positioning themselves for sale.

Table: Market Analysis


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4.2 Target Market Segment Strategy

ABC Accounting will focus on the "small business" clients for its target group for

accounting services as this group can make a high use of consultant accountants.Since these these businesses often do not have the resources to provide a full time C.F.O. thisis where our company will provide value added. We provide the solution for small businesses to

focus on what they do best, sales or manufacturing and leave the books to us.


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Sample Plan

5.1 Competitive Edge

ABC Accounting will achieve a competitive edge among Florida accounting and web designservices due to its high level of professionalizm, service, and cost. Clients will receivethe advantage of having an experiences accounting and quickbooks expert reconcile their

statement, post AR and AP transactions, and provide web design.

5.2 Marketing Strategy

ABC Accounting will use the following marketing tactics to execute on it's business plan whichfocuses on very small businesses (1 to 8 employees):

-Website marketing (detailed in the Web plan section)

-Utilizing Ms. Jones's contact who have expressed interest.

5.3 Sales Strategy

The sales strategy for ABC Accounting 's services is to attempt to sell the service predominantlyto existing contacts that the owner has, especially at first before marketing pays off with new

inquiries. This will require Katie Jones to inform all potential clients that expressed interest byphone and or email about the opening of her frim.

Ms. Jones will then ask clients directly for referrals to other businesses and business owners

they know who may be right for the accounting and web design services being offered.

The result of this initiative of direct selling is expected to be at least five clients within the first

couple of months, and shortly to ramp up so that Ms. Jones can make a full time income from the


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Sample Plan

Table: Sales Forecast

Sales Forecast

2010 2011 2012

Sales

Accounting Services/ Hourly $9,600 $11,000 $14,000

Accounting Services/ Weekly $15,000 $18,750 $20,500

Accounting Services/ Monthly $24,000 $26,000 $29,000

Accounting Services/ Project $10,000 $13,000 $14,500

Web Design Services $5,400 $6,000 $7,500

Total Sales $64,000 $74,750 $85,500

Direct Cost of Sales 2010 2011 2012

Office Overhead $3,000 $4,000 $5,000

$0 $0 $0

Subtotal Direct Cost of Sales $3,000 $4,000 $5,000


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Sample Plan

5.4 Milestones

Our detailed milestones are shown in the following table and chart. The related budgets are

included with the expenses shown in the projected Profit and Loss statement.

Table: Milestones


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6.0 Management Summary

The company will be run by the founder and president Ms. Katharine Jones, below is her

detailed resume:

Career Objective: To start-up a Small Business in Accounting and Website Making,


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Business Ethics Oral and Written Communication Business Law Business Financing and Budgeting Business Management Internship

Activities and Honors

Earned Employability Skills Certificate through the Department of Workforce Development.

First high school student to complete Health Apprenticeship program offered throughRhinelander High School and Petersen's Health Care.

Secretary for Business Professionals of America.Volunteered at benefits for local families.

6.1 Personnel Plan

The current owner Ms. Jones will be the only employee on the payroll, she will take a $2,500 a

month salary and have any profits left from the company available as bonuses.

Table: Personnel

Personnel Plan

2010 2011 2012

Owner Kati e will take monthly draw as shown in P&L $0 $40,000 $45,000

$0 $0 $0

Total People 0 0 0

Total Payroll $0 $40,000 $45,000

7 0 Financial Plan


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Table: Start-up Funding

Start-up Funding

Start-up Expenses to Fund $37,000

Start-up Assets to Fund $113,000

Total Funding Required $150,000

Assets

Non-cash Assets from Start-up $23,000

Cash Requirements from Start-up $90,000

Additional Cash Raised $0

Cash Balance on Starting Date $90,000

Total Assets $113,000

Liabilities and Capital

Liabilities

Current Borrowing $0

Long-term Liabili ties $150,000

Accounts Payable (Outstanding Bills) $0

Other Current Liabili ties (interest-free) $0

Total Liabili ties $150,000

Capital

Planned Investment

Owner $0

Investor $0

Additional Investment Requirement $0

Total Planned Investment $0

Loss at Start-up (Start-up Expenses) ($37,000)

Total Capital ($37,000)


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Sample Plan

Table: Break-even Analysis

Break-even Analysis

Monthly Revenue Break-even $3,471

Assumptions:

Average Percent Variable Cost 5%

Estimated Monthly Fixed Cost $3,308


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Table: Profit and Loss

Pro Forma Profit and Loss

2010 2011 2012

Sales $64,000 $74,750 $85,500

Direct Cost of Sales $3,000 $4,000 $5,000

Other Costs of Sales $0 $0 $0

Total Cost of Sales $3,000 $4,000 $5,000

Gross Margin $61,000 $70,750 $80,500

Gross Margin % 95.31% 94.65% 94.15%

Expenses

Payroll $0 $40,000 $45,000

Marketing/Promotion $1,200 $3,000 $4,000

Depreciation $3,996 $3,996 $3,996

Payroll Taxes $0 $0 $0

Owner Draw $34,500 $37,000 $40,000

Total Operating Expenses $39,696 $83,996 $92,996

Profit Before Interest and Taxes $21,304 ($13,246) ($12,496)

EBITDA $25,300 ($9,250) ($8,500)

Interest Expense $10,500 $10,500 $10,500

Taxes Incurred $0 $0 $0

Net Profit $10,804 ($23,746) ($22,996)

Net Profit/Sales 16.88% -31.77% -26.90%


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7.5 Projected Cash Flow

The cash flow projection shows that provisions for ongoing expenses are adequate to meet the

needs of the company as the business generates sufficient cash flow to support operations.


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Table: Cash Flow

Pro Forma Cash Flow

2010 2011 2012

Cash Received

Cash from Operations

Cash Sales $16,000 $18,688 $21,375

Cash from Receivables $44,675 $55,504 $63,567

Subtotal Cash from Operations $60,675 $74,192 $84,942

Additiona l Cash Received

Sales Tax, VAT, HST/GST Received $0 $0 $0

New Current Borrowing $0 $0 $0

New Other Liabil ities (interest-free) $0 $0 $0

New Long-term Liabili ties $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 $60,675 $74,192 $84,942

Expenditures 2010 2011 2012

Expenditures from Operations

Cash Spending $0 $40,000 $45,000

Bill Payments $48,380 $54,275 $59,404

Subtotal Spent on Operations $48,380 $94,275 $104,404

Additiona l Cash Spent

Sales Tax, VAT, HST/GST Paid Out $0 $0 $0

Principal Repayment of Current Borrowing $0 $0 $0

Other Liabil ities Principal Repayment $0 $0 $0

Long-term Liabili ties Principal Repayment $0 $0 $0

Purchase Other Current Assets $0 $0 $0


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7.6 Projected Balance Sheet

The balance sheet shows healthy growth of net worth, and strong financial position. The

monthly estimates are included in the appendix.


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Table: Balance Sheet

Pro Forma Bal ance Sheet

2010 2011 2012

Assets

Current Assets

Cash $102,295 $82,212 $62,749

Accounts Receivable $3,325 $3,883 $4,442

Other Current Assets $3,000 $3,000 $3,000

Total Current Assets $108,620 $89,095 $70,191

Long-term Assets

Long-term Assets $20,000 $20,000 $20,000

Accumulated Depreciation $3,996 $7,992 $11,988

Total Long-term Assets $16,004 $12,008 $8,012

Total Assets $124,624 $101,103 $78,203

Liabil ities and Capital 2010 2011 2012

Current Liabilities

Accounts Payable $820 $1,045 $1,141

Current Borrowing $0 $0 $0

Other Current Liabili ties $0 $0 $0

Subtotal Current Liabil ities $820 $1,045 $1,141

Long-term Liabili ties $150,000 $150,000 $150,000

Total Liabili ties $150,820 $151,045 $151,141

Paid-in Capital $0 $0 $0

Retained Earnings ($37,000) ($26,196) ($49,942)

Earnings $10,804 ($23,746) ($22,996)

Total Capital ($26,196) ($49,942) ($72,938)

Total Liabili ties and Capital $124,624 $101,103 $78,203


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Sample Plan

Table: Ratios

Ratio Anal ysis

2010 2011 2012 Industry Profile

Sales Growth n.a. 16.80% 14.38% 0.00%

Percent of Total Assets

Accounts Receivable 2.67% 3.84% 5.68% 0.00%

Other Current Assets 2.41% 2.97% 3.84% 100.00%

Total Current Assets 87.16% 88.12% 89.75% 100.00%

Long-term Assets 12.84% 11.88% 10.25% 0.00%Total Assets 100.00% 100.00% 100.00% 100.00%

Current Liabil i ties 0.66% 1.03% 1.46% 0.00%

Long-term Liabili ties 120.36% 148.36% 191.81% 0.00%

Total Liabili ties 121.02% 149.40% 193.27% 0.00%

Net Worth -21.02% -49.40% -93.27% 100.00%

Percent of Sal es

Sales 100.00% 100.00% 100.00% 100.00%

Gross Margin 95.31% 94.65% 94.15% 0.00%

Selling, General & Administrative Expenses 78.43% 126.42% 121.05% 0.00%

Advertising Expenses 1.88% 4.01% 4.68% 0.00%

Profit Before Interest and Taxes 33.29% -17.72% -14.62% 0.00%

Main Ratios

Current 132.46 85.24 61.51 0.00

Quick 132.46 85.24 61.51 0.00

Total Debt to Total Assets 121.02% 149.40% 193.27% 0.00%

Pre-tax Return on Net Worth -41.24% 47.55% 31.53% 0.00%

Pre-tax Return on Assets 8.67% -23.49% -29.41% 0.00%

Additional Ratios 2010 2011 2012

Net Profit Margin 16.88% -31.77% -26.90% n.a


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Appendix

Page 1

Table: Sales Forecast

Sales Forecast

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Sales

Accounting Services/ Hourly $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800

Accounting Services/ Weekly $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250

Accounting Services/ Monthly $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000

Accounting Services/ Project $0 $2,500 $0 $0 $0 $2,500 $0 $2,500 $0 $0 $0 $2,500

Web Design Services $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450

Total Sales $4,500 $7,000 $4,500 $4,500 $4,500 $7,000 $4,500 $7,000 $4,500 $4,500 $4,500 $7,000

Direct Cost of Sales Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Office Overhead $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Subtotal Direct Cost of Sales $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250


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Appendix

Page 2

Table: Personnel

Personnel Plan


Owner Katie will take monthly draw as shown in

P&L

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total People 0% 0 0 0 0 0 0 0 0 0 0 0 0

Total Payroll $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0


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Appendix

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Table: Profit and Loss

Pro Forma Profit and Loss


Sales $4,500 $7,000 $4,500 $4,500 $4,500 $7,000 $4,500 $7,000 $4,500 $4,500 $4,500 $7,000

Direct Cost of Sales $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250

Other Costs of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Cost of Sales $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250

Gross Margin $4,250 $6,750 $4,250 $4,250 $4,250 $6,750 $4,250 $6,750 $4,250 $4,250 $4,250 $6,750

Gross Margin % 94.44% 96.43% 94.44% 94.44% 94.44% 96.43% 94.44% 96.43% 94.44% 94.44% 94.44% 96.43%

Expenses

Payroll $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Marketing/Promotion $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100

Depreciation $333 $333 $333 $333 $333 $333 $333 $333 $333 $333 $333 $333

Payroll Taxes 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Owner Draw $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875 $2,875

Total Operating Expenses $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308 $3,308

Profit Before Interest and Taxes $942 $3,442 $942 $942 $942 $3,442 $942 $3,442 $942 $942 $942 $3,442

EBITDA $1,275 $3,775 $1,275 $1,275 $1,275 $3,775 $1,275 $3,775 $1,275 $1,275 $1,275 $3,775

Interest Expense $875 $875 $875 $875 $875 $875 $875 $875 $875 $875 $875 $875

Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Profit $67 $2,567 $67 $67 $67 $2,567 $67 $2,567 $67 $67 $67 $2,567

Net Profit/Sales 1.49% 36.67% 1.49% 1.49% 1.49% 36.67% 1.49% 36.67% 1.49% 1.49% 1.49% 36.67%


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Appendix

Page 4

Table: Cash Flow

Pro Forma Cash Flow


Cash Received

Cash from Operations

Cash Sales $1,125 $1,750 $1,125 $1,125 $1,125 $1,750 $1,125 $1,750 $1,125 $1,125 $1,125 $1,750

Cash from Receivables $1,238 $4,063 $4,563 $3,375 $3,375 $4,063 $4,563 $4,063 $4,563 $3,375 $3,375 $4,063

Subtotal Cash from Operations $2,363 $5,813 $5,688 $4,500 $4,500 $5,813 $5,688 $5,813 $5,688 $4,500 $4,500 $5,813

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 $0

New Other Liabilities (interest-free) $0 $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 $0

Sales of Other Current Assets $0 $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 $0

New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Subtotal Cash Received $2,363 $5,813 $5,688 $4,500 $4,500 $5,813 $5,688 $5,813 $5,688 $4,500 $4,500 $5,813

Expenditures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Expenditures from Operations

Cash Spending $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Bill Payments $3,280 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100

Subtotal Spent on Operations $3,280 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100

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 $0

Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Subtotal Cash Spent $3,280 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100

Net Cash Flow ($918) $1,713 $1,588 $400 $400 $1,713 $1,588 $1,713 $1,588 $400 $400 $1,713

Cash Balance $89,083 $90,795 $92,383 $92,783 $93,183 $94,895 $96,483 $98,195 $99,783 $100,183 $100,583 $102,295


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Appendix

Page 5

Table: Balance Sheet

Pro Forma Balance Sheet


Assets Starting Balances

Curren t Assets

Cash $90,000 $89,083 $90,795 $92,383 $92,783 $93,183 $94,895 $96,483 $98,195 $99,783 $100,183 $100,583 $102,295

Accounts Receivable $0 $2,138 $3,325 $2,138 $2,138 $2,138 $3,325 $2,138 $3,325 $2,138 $2,138 $2,138 $3,325

Other Current Assets $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000

Total Current Assets $93,000 $94,220 $97,120 $97,520 $97,920 $98,320 $101,220 $101,620 $104,520 $104,920 $105,320 $105,720 $108,620

Long -term Assets

Long-term Assets $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000

Accumulated Depreciation $0 $333 $666 $999 $1,332 $1,665 $1,998 $2,331 $2,664 $2,997 $3,330 $3,663 $3,996

Total Long-term Assets $20,000 $19,667 $19,334 $19,001 $18,668 $18,335 $18,002 $17,669 $17,336 $17,003 $16,670 $16,337 $16,004

Total Assets $113,000 $113,887 $116,454 $116,521 $116,588 $116,655 $119,222 $119,289 $121,856 $121,923 $121,990 $122,057 $124,624

Liabilities and Capital Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Current Liabilities

Accounts Payable $0 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820

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 $0 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820 $820

L ong -term L ia bilitie s $ 150 ,0 00 $15 0,000 $1 50,00 0 $1 50,000 $1 50,00 0 $1 50,00 0 $ 150 ,0 00 $ 150 ,0 00 $15 0,000 $15 0,000 $15 0,0 00 $15 0,0 00 $ 15 0,0 00

Total Liabilities $150,000 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820 $150,820

Paid-in Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Retain ed Earnin gs ($3 7,000 ) ($ 37,000 ) ($ 37,00 0) ($ 37,00 0) ($37 ,0 00) ($37 ,0 00) ($3 7,000 ) ($3 7,0 00 ) ($3 7,000 ) ($3 7,000 ) ($3 7,000 ) ($3 7,000 ) ($3 7,000 )

Earnings $0 $67 $2,634 $2,701 $2,768 $2,835 $5,402 $5,469 $8,036 $8,103 $8,170 $8,237 $10,804

Total Capital ($3 7,000 ) ($ 36,933 ) ($ 34,36 6) ($ 34,29 9) ($34 ,2 32) ($34 ,1 65) ($3 1,598 ) ($3 1,5 31 ) ($2 8,964 ) ($2 8,897 ) ($2 8,830 ) ($2 8,763 ) ($2 6,196 )

To ta l L ia bil itie s a nd Ca pita l $ 11 3,0 00 $ 11 3,8 87 $ 11 6,4 54 $ 11 6,5 21 $ 11 6,5 88 $ 11 6,6 55 $ 11 9,2 22 $ 11 9,2 89 $ 12 1,8 56 $ 12 1,9 23 $ 12 1,9 90 $ 12 2,0 57 $ 12 4,6 24

Net Worth ($37,000) ($36,933) ($34,366) ($34,299) ($34,232) ($34,165) ($31,598) ($31,531) ($28,964) ($28,897) ($28,830) ($28,763) ($26,196)

Tier 2 Business Plan Sample

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Transcript of Tier 2 Business Plan Sample