Innovation and Entrepreneurship for financial plan

Added on -2020-02-19

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Running head: INNOVATION AND ENTREPRENEURSHIPInnovation and Entrepreneurship Name of the StudentName of the UniversityAuthor’s Note
1INNOVATION AND ENTREPRENEURSHIPTable of ContentsFinancial Plan..................................................................................................................................2Financial Plan..............................................................................................................................2Start-up Costs..............................................................................................................................2Profitability..................................................................................................................................4Cash Reserves.............................................................................................................................6Projected Income.........................................................................................................................6Projected Cash Flow....................................................................................................................7Exit or Harvest Strategies............................................................................................................7Reference List..................................................................................................................................8List of Appendix..............................................................................................................................0
2INNOVATION AND ENTREPRENEURSHIPFinancial PlanFinancial PlanThe financial plan is based on the consideration of the key partners, key activities, valueproposition strategies, customer relations and customer segments. Some of the otherconsiderations have been taken with the key resources and the channels. The key partners ofMedcycle have been seen with the partnerships with the doctors, pharmacy, hospitals and majordevelopers of the app such as Google Play store. The Indian government and bank and theinsurance companies has formed a considerable share of the revenues for Medcycle. Some of themain form of the key activities of the company has been further identified in terms of theconsidering the total cost of the mobile app. The other consideration has been seen with staffcost, technical infrastructure cost, developmental cost, marketing cost and the store charges ofIOS and Google play. The most expensive cost consideration has been inferred with ITprofessional to design and make the app with 24 hours helpline desk. Apart from the key partnersof the company, some of the key partners of the company the revenue stream have beenidentified with the Direct Customers and the advertisement sources of the company. The budgethas considered some of the intangible assets in form of the licenses and copyrights. These costshave been taken into considered in the first year itself. Start-up CostsStart-up RequirementsStart-up ExpensesFixed CostsParticulars Amount (USD)Technical Infrastructure28,000Staff Remuneration75,000Marketing Fees1,400IOS & Google Play Store Charges4,500
3INNOVATION AND ENTREPRENEURSHIPApp Development Expenses6,500Interest on loan 10%2,500Telephone1,650Brouchers1,250Logo Designs2,250Market survey1,650Lease payments8,000Market survey1,975Preliminary Expenses1,200Total Fixed Costs $ 135,875.00 Average Monthly CostsInfrastructure $ 2,333.33 Lease payments $ 666.67 Interest on loan 3% $ 208.33 Telephone $ 137.50 Repairs and Maintenance $ 541.67 Staff Remuneration $ 6,250.00 Total Average Monthly Costs $ 10,137.50 x Number of Months: $ 12.00 Total Monthly Costs $ 121,650.00 Total Startup Expenses $ 257,525.00 Start-up AssetsOwner FundingOwners Fund $ 250,000.00 Total Owner Funding $ 250,000.00 LoansBank Loan $ 25,000.00 OtherTotal Loans $ 25,000.00 Total Start up Funds $ 275,000.00 Assets Networking Equipments $ 25,000.00 Computers $ 45,000.00 Total Fixed Assets $ 70,000.00 Total Start-up Assets $ 345,000.00 The main component for the start up expenses has been considered with the TechnicalInfrastructure amounting to USD 28000 as fixed cost. Some of the other considerations havebeen seen with Staff Remuneration, Marketing Fees, IOS & Google Play Store Charges. Thehighest start up cost has been further seen to be seen with Staff Remuneration USD 75000. The

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