FoodFun Lifeskills Instructional Software

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Computer Software Business Plan

Company Summary

FoodFun Lifeskills Instructional Software is a start-up organization, founded as an Illinois based L.L.C. The company is owned by its founder Sue Altamirankow.

2.1 Company Ownership

The company was founded and is owned by Sue Altamirankow. Sue is a respected, published, former educator of special education with an emphasis on autism. Sue will leverage her extensive knowledge and industry contacts to make FoodFun LIS a success.

2.2 Start-up Summary

FoodFun LIS is a start-up organization. The following assets and professional services will be needed for the formation and start of operations.

  • Legal services for company formation.
  • Accounting services to set up the accounting shell of the company QuickBooks Pro software.
  • Computer programmers (3) to rapidly develop the software. An individual programmer could complete the coding of this product however, FoodFun is interested in launching the product fast therefore they will employ multiple programmers to speed the process up.
  • Eight computer workstations, including one server. Seven of the stations will have Microsoft Office, one of them will have QuickBooks Pro. Three networked laser printers.
  • A broadband Internet connection.
  • Office cubicle furniture for seven employees.
  • Seven extension telephone system.
  • Copier and fax machine.
  • Lunch room furniture and appliances including a refrigerator and microwave.
  • Shipping materials including boxes, scales, etc.
  • Promotional materials.
Start-up Funding
Start-up Expenses to Fund $22,500
Start-up Assets to Fund $222,500
Total Funding Required $245,000
Non-cash Assets from Start-up $9,000
Cash Requirements from Start-up $213,500
Additional Cash Raised $0
Cash Balance on Starting Date $213,500
Total Assets $222,500
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $100,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $100,000
Planned Investment
Investor 1 $60,000
Investor 2 $50,000
Other $35,000
Additional Investment Requirement $0
Total Planned Investment $145,000
Loss at Start-up (Start-up Expenses) ($22,500)
Total Capital $122,500
Total Capital and Liabilities $222,500
Total Funding $245,000
Start-up Expenses
Legal $3,000
Accounting $2,000
Brochures $2,500
Consultants $0
Insurance $0
Rent $0
Research and Development $0
Expensed Equipment $15,000
Other $0
Total Start-up Expenses $22,500
Start-up Assets
Cash Required $213,500
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $9,000
Total Assets $222,500
Total Requirements $245,000