HeavyMetal Praise Records

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Music Recording Distribution Business Plan

Company Summary

Heavy Metal Praise Records is a recording business that will focus exclusively on Christian Heavy Metal music groups.

2.1 Company Ownership

The sole founder and owner of Heavy Metal Praise Records is Johnny Young. Johnny is also a founding member of the Skate Ministry and a skateboarder for the last 20 years. 

2.2 Start-up Summary

Heavy Metal Praise Records has the following start-up expenses and the purchase of equipment:

  • Computer system with three workstations, a printer, CD-RW, Microsoft Office, and Microsoft Access.
  • Legal fees regarding business formation and generating and reviewing contracts.
  • Copier, fax, and a phone line.
  • Various office supplies.

Start-up Expenses
Legal $1,000
Stationery etc. $100
Rent $0
Other $0
Total Start-up Expenses $1,100
Start-up Assets
Cash Required $83,900
Start-up Inventory $0
Other Current Assets $15,000
Long-term Assets $0
Total Assets $98,900
Total Requirements $100,000
Start-up Funding
Start-up Expenses to Fund $1,100
Start-up Assets to Fund $98,900
Total Funding Required $100,000
Non-cash Assets from Start-up $15,000
Cash Requirements from Start-up $83,900
Additional Cash Raised $0
Cash Balance on Starting Date $83,900
Total Assets $98,900
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Johnny $100,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $100,000
Loss at Start-up (Start-up Expenses) ($1,100)
Total Capital $98,900
Total Capital and Liabilities $98,900
Total Funding $100,000