WI-TRIBE Business Plan and Financial Analysis
Added on 2020-04-15
12 Pages2272 Words51 Views
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ORGANIZATIONALCREATIVITY ANDINNOVATION
TABLE OF CONTENTSSTART UP COSTING...............................................................................................................1EXPECTED CASH FLOW STATEMENT...............................................................................1INCOME STATEMENT...........................................................................................................2BALANCE SHEET...................................................................................................................3BREAK EVEN POINT..............................................................................................................5INVESTMENT NEEDS............................................................................................................6REFERENCES...........................................................................................................................7
START UP COSTINGStart-up Costing for Wi-Tribe - 2017START-UP COSTSCost ($)EQUIPMENT/CAPITAL COSTSCost ($)Registrations Business purchase price$20,000Business name$82Franchise fees$25,000Licenses$500Start-up capital$50,000Plant & equipmentDomain names$77Vehicles$4,000Trademarks/designs/patents$1,200Computer equipment$5,692Computer software$3,100Phones$249Accountant fees$135Fax machine$600Solicitor fees$5,000Security system$1,613Rental lease cost (Rent advance/deposit)$23,040Office equipmentUtility connections & bonds (Electricity, gas, water)$878Furniture$3,500Phone connection$3,588Shop fit out$6,500Internet connection$659Computer software$3,100Training$6,000Wages$7,023InsuranceBuilding and contents$11,871Vehicle$1,200Professional indemnity$440Product liability$2,500Business assets$5,692Business revenue$40,110Printing$200Stationery & office supplies$459Marketing & advertising$2,500Designing of application$4,000Total start-up costs$120,254Total equipment/capital costs$120,254EXPECTED CASH FLOW STATEMENTExpected cash flow20182019Bank loan $ 50,000.00 $ 80,000.00 1
Cash inflowSales $ 48,132.00 $ 72,198.00 Downloading of applications $ 60,000.00 $ 90,000.00 Trade receivables $ 25,000.00 $ 29,000.00 Other income $ 12,000.00 $ 25,000.00 Total cash inflow $145,132.00 $216,198.00 Cash outflowPurchase of computer $ 5,692.00 $ 6,368.00 Web hosting $ 154.80 $ 154.80 Domain registration $ 18.00 $ 18.00 Accountant fees $ 140.00 $ 150.00 Solicitor fees $ 5,000.00 $ 5,500.00 Advertising and Marketing $ 2,500.00 $ 3,000.00 Bank fees and charges $ 500.00 $ 600.00 Interest paid $ 36,000.00 $ 57,600.00 Utilities $ 878.00 $ 878.00 Telephone $ 500.00 $ 550.00 Lease payments $ 2,000.00 $ 3,000.00 Rent and rates $ 22,944.00 $ 22,944.00 Motor vehicle $ 4,000.00 $ 4,500.00 Repairs and maintenance $ 1,200.00 $ 1,500.00 Stationery and printing $ 200.00 $ 350.00 Licensing $ 500.00 $ 500.00 Insurance $ 16,010.56 $ 16,010.56 Income tax $ 4,500.00 $ 5,500.00 Wages $ 7,023.36 $ 7,023.36 Total cash outflow $109,760.72 $136,146.72 Net cash balance $ 35,371.28 $ 80,051.28 Closing balance $ 85,371.28 $160,051.28 INCOME STATEMENTIncome statement of Wi-TribeFor two years 2018 and 2019Particulars20182019Net sales $48,132.00 $72,198.00 Cost of sales $ 8,692.00 $10,868.00 GP $39,440.00 $61,330.00 Operating expensesSelling expenses $ 2,500.00 $ 2,000.00 Depreciation $ 853.80 $ 955.20 Total Operating expenses $ 3,353.80 $ 2,955.20 Operating income $36,086.20 $58,374.80 Other income $12,000.00 $25,000.00 Interest income $ 2,500.00 $ 3,200.00 Interest Expense $36,000.00 $57,600.00 EBIT $14,586.20 $28,974.80 2
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