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
Requirements
Start-up Expenses
Legal
$250
Stationery etc.
$100
Brochures
$125
Accountant
$75
Insurance
$150
Rent
$425
Expensed Equipment
$500
Total Start-up Expenses
$1,625
Start-up Assets
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
Assets
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 and Capital
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.
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