Plynthe Insurance

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Personal Insurance Agent Business Plan

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
Unit Sales
Propery Insurance 25 29 32 37 42 48 55 63 71 81 93 106
Life Insurance 12 13 15 17 20 22 25 28 37 38 42 49
Long Term Care/Disability 0 0 0 0 0 1 1 2 3 5 6 8
Valuable Items 13 15 17 20 23 26 29 33 38 43 49 57
Personal Liability 0 0 0 0 0 0 2 4 7 11 15 18
Total Unit Sales 50 57 64 74 85 97 112 130 156 178 205 238
Unit Prices Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Propery Insurance $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
Life Insurance $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00
Long Term Care/Disability $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00
Valuable Items $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00
Personal Liability $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00 $75.00
Sales
Propery Insurance $2,500 $2,900 $3,200 $3,700 $4,200 $4,800 $5,500 $6,300 $7,100 $8,100 $9,300 $10,600
Life Insurance $1,800 $1,950 $2,250 $2,550 $3,000 $3,300 $3,750 $4,200 $5,550 $5,700 $6,300 $7,350
Long Term Care/Disability $0 $0 $0 $0 $0 $150 $150 $300 $450 $750 $900 $1,200
Valuable Items $975 $1,125 $1,275 $1,500 $1,725 $1,950 $2,175 $2,475 $2,850 $3,225 $3,675 $4,275
Personal Liability $0 $0 $0 $0 $0 $0 $150 $300 $525 $825 $1,125 $1,350
Total Sales $5,275 $5,975 $6,725 $7,750 $8,925 $10,200 $11,725 $13,575 $16,475 $18,600 $21,300 $24,775
Direct Unit Costs Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Propery Insurance 16.00% $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00 $16.00
Life Insurance 16.00% $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00
Long Term Care/Disability 16.00% $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00 $24.00
Valuable Items 16.00% $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00
Personal Liability 16.00% $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00
Direct Cost of Sales
Propery Insurance $400 $464 $512 $592 $672 $768 $880 $1,008 $1,136 $1,296 $1,488 $1,696
Life Insurance $288 $312 $360 $408 $480 $528 $600 $672 $888 $912 $1,008 $1,176
Long Term Care/Disability $0 $0 $0 $0 $0 $24 $24 $48 $72 $120 $144 $192
Valuable Items $156 $180 $204 $240 $276 $312 $348 $396 $456 $516 $588 $684
Personal Liability $0 $0 $0 $0 $0 $0 $24 $48 $84 $132 $180 $216
Subtotal Direct Cost of Sales $844 $956 $1,076 $1,240 $1,428 $1,632 $1,876 $2,172 $2,636 $2,976 $3,408 $3,964
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
Kolem Plynthe $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $4,000 $4,000 $5,000 $5,000 $5,000 $5,000
Associate Agent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 1 1 1 1 1 1 1 1 1 1 1 1
Total Payroll $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $4,000 $4,000 $5,000 $5,000 $5,000 $5,000
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 $5,275 $5,975 $6,725 $7,750 $8,925 $10,200 $11,725 $13,575 $16,475 $18,600 $21,300 $24,775
Direct Cost of Sales $844 $956 $1,076 $1,240 $1,428 $1,632 $1,876 $2,172 $2,636 $2,976 $3,408 $3,964
Other Costs of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $844 $956 $1,076 $1,240 $1,428 $1,632 $1,876 $2,172 $2,636 $2,976 $3,408 $3,964
Gross Margin $4,431 $5,019 $5,649 $6,510 $7,497 $8,568 $9,849 $11,403 $13,839 $15,624 $17,892 $20,811
Gross Margin % 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00%
Expenses
Payroll $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $4,000 $4,000 $5,000 $5,000 $5,000 $5,000
Marketing/Promotion $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Utilities $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Payroll Taxes 15% $450 $450 $450 $600 $600 $600 $600 $600 $750 $750 $750 $750
Education $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400
Total Operating Expenses $6,300 $6,300 $6,300 $7,450 $7,450 $7,450 $7,450 $7,450 $8,600 $8,600 $8,600 $8,600
Profit Before Interest and Taxes ($1,869) ($1,281) ($651) ($940) $47 $1,118 $2,399 $3,953 $5,239 $7,024 $9,292 $12,211
EBITDA ($1,869) ($1,281) ($651) ($940) $47 $1,118 $2,399 $3,953 $5,239 $7,024 $9,292 $12,211
Interest Expense $48 $45 $42 $39 $35 $32 $27 $23 $18 $12 $6 $0
Taxes Incurred ($575) ($398) ($208) ($294) $3 $326 $712 $1,179 $1,566 $2,103 $2,786 $3,663
Net Profit ($1,342) ($928) ($485) ($685) $8 $761 $1,660 $2,751 $3,655 $4,908 $6,500 $8,548
Net Profit/Sales -25.44% -15.54% -7.21% -8.84% 0.09% 7.46% 14.16% 20.27% 22.18% 26.39% 30.52% 34.50%
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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash from Receivables $0 $176 $5,298 $6,000 $6,759 $7,789 $8,968 $10,251 $11,787 $13,672 $16,546 $18,690
Subtotal Cash from Operations $0 $176 $5,298 $6,000 $6,759 $7,789 $8,968 $10,251 $11,787 $13,672 $16,546 $18,690
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 $176 $5,298 $6,000 $6,759 $7,789 $8,968 $10,251 $11,787 $13,672 $16,546 $18,690
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 $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $4,000 $4,000 $5,000 $5,000 $5,000 $5,000
Bill Payments $1,121 $3,626 $3,913 $4,218 $4,451 $4,934 $5,460 $6,090 $6,857 $7,849 $8,729 $9,848
Subtotal Spent on Operations $4,121 $6,626 $6,913 $8,218 $8,451 $8,934 $9,460 $10,090 $11,857 $12,849 $13,729 $14,848
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 $175 $218 $238 $259 $282 $307 $335 $365 $398 $434 $473 $516
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 $4,296 $6,844 $7,151 $8,477 $8,733 $9,241 $9,795 $10,455 $12,255 $13,283 $14,202 $15,364
Net Cash Flow ($4,296) ($6,668) ($1,853) ($2,477) ($1,974) ($1,452) ($828) ($204) ($468) $388 $2,344 $3,326
Cash Balance $19,704 $13,036 $11,183 $8,706 $6,732 $5,280 $4,452 $4,248 $3,779 $4,168 $6,512 $9,838
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 $24,000 $19,704 $13,036 $11,183 $8,706 $6,732 $5,280 $4,452 $4,248 $3,779 $4,168 $6,512 $9,838
Accounts Receivable $0 $5,275 $11,074 $12,501 $14,251 $16,417 $18,827 $21,585 $24,909 $29,598 $34,526 $39,280 $45,365
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $24,000 $24,979 $24,110 $23,684 $22,957 $23,149 $24,107 $26,037 $29,157 $33,377 $38,694 $45,792 $55,203
Long-term Assets
Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $24,000 $24,979 $24,110 $23,684 $22,957 $23,149 $24,107 $26,037 $29,157 $33,377 $38,694 $45,792 $55,203
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 $1,000 $3,496 $3,773 $4,070 $4,287 $4,753 $5,258 $5,863 $6,596 $7,559 $8,402 $9,473 $10,853
Current Borrowing $4,000 $3,825 $3,607 $3,369 $3,110 $2,828 $2,521 $2,186 $1,821 $1,423 $989 $516 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $5,000 $7,321 $7,380 $7,439 $7,397 $7,581 $7,779 $8,049 $8,417 $8,982 $9,391 $9,989 $10,853
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $5,000 $7,321 $7,380 $7,439 $7,397 $7,581 $7,779 $8,049 $8,417 $8,982 $9,391 $9,989 $10,853
Paid-in Capital $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000
Retained Earnings ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000) ($8,000)
Earnings $0 ($1,342) ($2,270) ($2,755) ($3,440) ($3,432) ($2,672) ($1,012) $1,740 $5,394 $10,303 $16,802 $25,350
Total Capital $19,000 $17,658 $16,730 $16,245 $15,560 $15,568 $16,328 $17,988 $20,740 $24,394 $29,303 $35,802 $44,350
Total Liabilities and Capital $24,000 $24,979 $24,110 $23,684 $22,957 $23,149 $24,107 $26,037 $29,157 $33,377 $38,694 $45,792 $55,203
Net Worth $19,000 $17,658 $16,730 $16,245 $15,560 $15,568 $16,328 $17,988 $20,740 $24,394 $29,303 $35,802 $44,350