Plan Outline
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Event Planning Business Plan
Corporate Retreat Professionals
Company Summary
CRP, soon to be located in Seattle, will offer event planning for corporations. CRP will be specializing in training/leadership retreats, team building skill retreats and product launch events. CRP will be located in office space in downtown Seattle.
CRP will begin making a profit after month 10, and will grow steadily each consecutive month.
2.1 Company Ownership
CRP will be a Washington corporation. The sole stock holder will be Jeff Organizer.
2.2 Start-up Summary
CRP start-up costs will include all the necessary equipment needed for an office, legal fees, accounting fees, advertising fees, and website development fees.
The home office equipment will be the largest chunk of the start-up expenses. This equipment includes a 3 computer system, fax machine, office supplies, cellular phone, and pager. The computers should have at least a 500 megahertz Celeron/Pentium processor, 64 megabytes of RAM (preferably 128) and 6 gigabyte hard drive. One computer will become a server with a printer and a writable CD-RW for backing up the system. Microsoft Office will be installed on all the workstations and one computer will need QuickBooks(r) Pro. The office will require some desks, bookshelves and couches. Two phone lines will be needed in addition to a cellular phone and pager for Jeff.
The accounting fees will be used to set up the accounting suite so CRP can do the accounting in-house.
The legal fees are used for the formation of the corporation as well as for reviewing/generating standard client contracts. The advertising costs are based on the need to communicate our service to perspective customers.
The Web creation fees at start-up costs are for design and creation of the website.
| Start-up Funding | |
| Start-up Expenses to Fund | $3,400 |
| Start-up Assets to Fund | $46,600 |
| Total Funding Required | $50,000 |
| Assets | |
| Non-cash Assets from Start-up | $5,000 |
| Cash Requirements from Start-up | $41,600 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $41,600 |
| Total Assets | $46,600 |
| 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 | |
| Investor 1 | $50,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $50,000 |
| Loss at Start-up (Start-up Expenses) | ($3,400) |
| Total Capital | $46,600 |
| Total Capital and Liabilities | $46,600 |
| Total Funding | $50,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $300 |
| Brochures | $300 |
| Consultants | $300 |
| Insurance | $200 |
| Rent | $1,000 |
| Office equipment | $300 |
| Expensed equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $3,400 |
| Start-up Assets | |
| Cash Required | $41,600 |
| Start-up Inventory | $0 |
| Other Current Assets | $0 |
| Long-term Assets | $5,000 |
| Total Assets | $46,600 |
| Total Requirements | $50,000 |
