Creative Concepts will initially be a sole proprietorship.
The goal will be to start the venture as inexpensively as possible, with minimal outside financing.
Creative Concepts will be a home office start-up, utilizing one studio room in the owner's home.
2.1 Company Ownership
Creative Concepts will be initially owned by Bram Ekstrand as a sole proprietorship. Possibly later adding additional employees and expanding operations as well as clientele.
2.2 Start-up Summary
Total start-up expenses are modest. This is composed of mostly equipment costs along with a few dollars for research of consumer wants and desires and a few pads of stationary. Exact allocations are shown on the table. Since this is a service business and not product oriented, operational costs should remain low through the start-up process.
| Start-up |
|
|
| Legal |
$150 |
| Stationery etc. |
$50 |
| Brochures |
$0 |
| Consultants |
$0 |
| Insurance |
$0 |
| Rent |
$0 |
| Research and development |
$20 |
| Expensed equipment |
$500 |
| Other |
$0 |
| Total Start-up Expenses |
$720 |
|
|
| Cash Required |
$280 |
| Other Current Assets |
$0 |
| Long-term Assets |
$0 |
| Total Assets |
$280 |
|
|
| Total Requirements |
$1,000 |
| Start-up Funding |
| Start-up Expenses to Fund |
$720 |
| Start-up Assets to Fund |
$280 |
| Total Funding Required |
$1,000 |
|
|
| Non-cash Assets from Start-up |
$0 |
| Cash Requirements from Start-up |
$280 |
| Additional Cash Raised |
$0 |
| Cash Balance on Starting Date |
$280 |
| Total Assets |
$280 |
|
|
|
|
|
|
| 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 |
$1,000 |
| Investor 2 |
$0 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$1,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
($720) |
| Total Capital |
$280 |
|
|
|
|
| Total Capital and Liabilities |
$280 |
|
|
| Total Funding |
$1,000 |