Corporate Retreat Professionals

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Event Planning Business Plan

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