Plan Outline
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Financial Planning Business Plan
Grizzly Bear Financial Managers
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Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Estate planning | 0% | $0 | $2,145 | $2,254 | $3,215 | $3,654 | $3,985 | $4,124 | $4,456 | $4,874 | $5,014 | $5,214 | $5,365 |
| Investing | 0% | $0 | $1,245 | $2,187 | $3,354 | $3,547 | $3,845 | $4,215 | $4,545 | $4,774 | $5,023 | $4,878 | $4,978 |
| Total Sales | $0 | $3,390 | $4,441 | $6,569 | $7,201 | $7,830 | $8,339 | $9,001 | $9,648 | $10,037 | $10,092 | $10,343 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Estate planning | $0 | $172 | $180 | $257 | $292 | $319 | $330 | $356 | $390 | $401 | $417 | $429 | |
| Investing | $0 | $100 | $175 | $268 | $284 | $308 | $337 | $364 | $382 | $402 | $390 | $398 | |
| Subtotal Direct Cost of Sales | $0 | $271 | $355 | $526 | $576 | $626 | $667 | $720 | $772 | $803 | $807 | $827 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Meghan | 0% | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
| Administrative Assistant | 0% | $0 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 | $1,920 |
| Total People | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 2 | 2 | |
| Total Payroll | $3,500 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $3,390 | $4,441 | $6,569 | $7,201 | $7,830 | $8,339 | $9,001 | $9,648 | $10,037 | $10,092 | $10,343 | |
| Direct Cost of Sales | $0 | $271 | $355 | $526 | $576 | $626 | $667 | $720 | $772 | $803 | $807 | $827 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $271 | $355 | $526 | $576 | $626 | $667 | $720 | $772 | $803 | $807 | $827 | |
| Gross Margin | $0 | $3,119 | $4,086 | $6,043 | $6,625 | $7,204 | $7,672 | $8,281 | $8,876 | $9,234 | $9,285 | $9,516 | |
| Gross Margin % | 0.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | 92.00% | |
| Expenses | |||||||||||||
| Payroll | $3,500 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | |
| Sales and Marketing and Other Expenses | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Depreciation | $38 | $38 | $38 | $38 | $38 | $38 | $38 | $38 | $38 | $38 | $38 | $38 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Insurance | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Rent | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Payroll Taxes | 15% | $525 | $813 | $813 | $813 | $813 | $813 | $813 | $813 | $813 | $813 | $813 | $813 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $5,813 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | $8,021 | |
| Profit Before Interest and Taxes | ($5,813) | ($4,902) | ($3,935) | ($1,978) | ($1,396) | ($817) | ($349) | $260 | $855 | $1,213 | $1,264 | $1,495 | |
| EBITDA | ($5,775) | ($4,864) | ($3,897) | ($1,940) | ($1,358) | ($779) | ($311) | $298 | $893 | $1,251 | $1,302 | $1,533 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($5,813) | ($4,902) | ($3,935) | ($1,978) | ($1,396) | ($817) | ($349) | $260 | $855 | $1,213 | $1,264 | $1,495 | |
| Net Profit/Sales | 0.00% | -144.61% | -88.61% | -30.10% | -19.39% | -10.44% | -4.19% | 2.89% | 8.86% | 12.09% | 12.52% | 14.45% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $3,390 | $4,441 | $6,569 | $7,201 | $7,830 | $8,339 | $9,001 | $9,648 | $10,037 | $10,092 | $10,343 | |
| Subtotal Cash from Operations | $0 | $3,390 | $4,441 | $6,569 | $7,201 | $7,830 | $8,339 | $9,001 | $9,648 | $10,037 | $10,092 | $10,343 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $0 | $3,390 | $4,441 | $6,569 | $7,201 | $7,830 | $8,339 | $9,001 | $9,648 | $10,037 | $10,092 | $10,343 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $3,500 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | $5,420 | |
| Bill Payments | $76 | $2,294 | $2,837 | $2,924 | $3,090 | $3,141 | $3,191 | $3,232 | $3,285 | $3,336 | $3,366 | $3,371 | |
| Subtotal Spent on Operations | $3,576 | $7,714 | $8,257 | $8,344 | $8,510 | $8,561 | $8,611 | $8,652 | $8,705 | $8,756 | $8,786 | $8,791 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $3,576 | $7,714 | $8,257 | $8,344 | $8,510 | $8,561 | $8,611 | $8,652 | $8,705 | $8,756 | $8,786 | $8,791 | |
| Net Cash Flow | ($3,576) | ($4,324) | ($3,816) | ($1,775) | ($1,309) | ($731) | ($272) | $349 | $943 | $1,281 | $1,306 | $1,552 | |
| Cash Balance | $15,224 | $10,901 | $7,085 | $5,310 | $4,000 | $3,270 | $2,998 | $3,347 | $4,290 | $5,571 | $6,877 | $8,429 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $18,800 | $15,224 | $10,901 | $7,085 | $5,310 | $4,000 | $3,270 | $2,998 | $3,347 | $4,290 | $5,571 | $6,877 | $8,429 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $18,800 | $15,224 | $10,901 | $7,085 | $5,310 | $4,000 | $3,270 | $2,998 | $3,347 | $4,290 | $5,571 | $6,877 | $8,429 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 |
| Accumulated Depreciation | $0 | $38 | $76 | $114 | $152 | $190 | $228 | $266 | $304 | $342 | $380 | $418 | $456 |
| Total Long-term Assets | $2,300 | $2,262 | $2,224 | $2,186 | $2,148 | $2,110 | $2,072 | $2,034 | $1,996 | $1,958 | $1,920 | $1,882 | $1,844 |
| Total Assets | $21,100 | $17,486 | $13,125 | $9,271 | $7,458 | $6,110 | $5,342 | $5,032 | $5,343 | $6,248 | $7,491 | $8,759 | $10,273 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $2,199 | $2,740 | $2,821 | $2,986 | $3,034 | $3,083 | $3,122 | $3,174 | $3,224 | $3,254 | $3,258 | $3,277 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $2,199 | $2,740 | $2,821 | $2,986 | $3,034 | $3,083 | $3,122 | $3,174 | $3,224 | $3,254 | $3,258 | $3,277 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $2,199 | $2,740 | $2,821 | $2,986 | $3,034 | $3,083 | $3,122 | $3,174 | $3,224 | $3,254 | $3,258 | $3,277 |
| Paid-in Capital | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 |
| Retained Earnings | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) | ($900) |
| Earnings | $0 | ($5,813) | ($10,715) | ($14,650) | ($16,628) | ($18,024) | ($18,841) | ($19,191) | ($18,931) | ($18,076) | ($16,862) | ($15,599) | ($14,104) |
| Total Capital | $21,100 | $15,287 | $10,385 | $6,450 | $4,472 | $3,076 | $2,259 | $1,909 | $2,169 | $3,024 | $4,238 | $5,501 | $6,996 |
| Total Liabilities and Capital | $21,100 | $17,486 | $13,125 | $9,271 | $7,458 | $6,110 | $5,342 | $5,032 | $5,343 | $6,248 | $7,491 | $8,759 | $10,273 |
| Net Worth | $21,100 | $15,287 | $10,385 | $6,450 | $4,472 | $3,076 | $2,259 | $1,909 | $2,169 | $3,024 | $4,238 | $5,501 | $6,996 |
