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Bicycle Art Business Plan

Management Summary

Steve Useitagyen received a joint degree in business administration and art design from the University of Portland. Throughout college Steve worked at a bicycle shop, initially as a mechanic, then moved up to sales, and then after college managed the shop for two years.

Steve knew at some point in his life that he needed to have his own business as he preferred to work for himself as opposed to someone else.  It took his experience as manager of the bike shop to gain the confidence that he could operate his own business.  With assurances of his wife's support and her contribution of art work to sell, Steve undertook the task of writing a business plan for his dream.

6.1 Personnel Plan

Steve will begin the first two weeks setting up the kiosk and interviewing people.  During the second half of the first month Steve will hire and train three part-time people to operate the kiosk during the day.

From month two on, there will always be one of the part-time employees running the kiosk.  Steve will be taking care of all the financials, setting up vendor relations, and correcting any problems that BikeArt encounters. 

Personnel Plan
Year 1 Year 2 Year 3
Steve $36,000 $40,000 $44,000
Part-time employee $10,100 $10,800 $10,800
Part-time employee $10,100 $10,800 $10,800
Part-time employee $10,100 $10,800 $10,800
Total People 4 4 4
Total Payroll $66,300 $72,400 $76,400