Calico Computer Consulting will be a start-up venture with the following characteristics:
- CCC will initially be a sole proprietorship.
- The goal will be to start the venture as inexpensively as possible, with no debt financing.
- CCC will be a home office start-up, utilizing one studio room in the owner's home.
2.1 Start-up Summary
In keeping with the company philosophy of avoiding the use of debt, the goal is to start-up as inexpensively as possible. This is in line with industry figures that show that computer consulting start-ups are ideal entrepreneurial opportunities with very low start-up costs. Total start-up expenses for CCC come to $2,050, all of which will be financed through owner investment.
- Most expenses are typical start-up paperwork fees (legal, accounting, etc.).
- Cash requirements consist of one month's rent as a reserve.
- $500 for expensed equipment will be used to purchase a new All-In-One printer, fax, answering machine to replace an aging inkjet printer.
| Start-up |
|
|
| Legal |
$250 |
| Stationery etc. |
$100 |
| Brochures |
$125 |
| Accountant |
$75 |
| Insurance |
$150 |
| Rent |
$425 |
| Expensed Equipment |
$500 |
| Total Start-up Expenses |
$1,625 |
|
|
| Cash Required |
$0 |
| Other Current Assets |
$0 |
| Long-term Assets |
$0 |
| Total Assets |
$0 |
|
|
| Total Requirements |
$1,625 |
| Start-up Funding |
| Start-up Expenses to Fund |
$1,625 |
| Start-up Assets to Fund |
$0 |
| Total Funding Required |
$1,625 |
|
|
| Non-cash Assets from Start-up |
$0 |
| Cash Requirements from Start-up |
$0 |
| Additional Cash Raised |
$425 |
| Cash Balance on Starting Date |
$425 |
| Total Assets |
$425 |
|
|
|
|
|
|
| Liabilities |
|
| Current Borrowing |
$0 |
| Long-term Liabilities |
$0 |
| Accounts Payable (Outstanding Bills) |
$0 |
| Other Current Liabilities (interest-free) |
$0 |
| Total Liabilities |
$0 |
|
|
| Capital |
|
|
|
| Planned Investment |
|
| Owner Investment |
$2,050 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$2,050 |
|
|
| Loss at Start-up (Start-up Expenses) |
($1,625) |
| Total Capital |
$425 |
|
|
|
|
| Total Capital and Liabilities |
$425 |
|
|
| Total Funding |
$2,050 |
2.2 Company Locations and Facilities
This is a home office venture, located in one studio of the owner's home.
- Computer facilities will initially consist of the owner's existing system.
- Telephone - one line currently serves the location. A second line for data use should be added soon.
- Utilities are already provided, included in the space rent of $425.
2.3 Company Ownership
Calico Computer Consulting will be created initially as a sole proprietorship, owned and operated by Doug Burham. Incorporation, probably as a LLC, will be explored as a later option.