Michael's Video Service

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Video Production Business Plan

Company Summary

Legal Business Description

Michael's Video Service was founded in May 1996 by Mr. Michael Morrison. Michael's Video Service is a Limited Liability Company (LLC) with principal offices located in Denton, Ohio. 

Start-up Funding
Start-up Expenses to Fund $15,000
Start-up Assets to Fund $302,000
Total Funding Required $317,000
Assets
Non-cash Assets from Start-up $242,000
Cash Requirements from Start-up $60,000
Additional Cash Raised $0
Cash Balance on Starting Date $60,000
Total Assets $302,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $300,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $300,000
Capital
Planned Investment
Michael Morisson $17,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $17,000
Loss at Start-up (Start-up Expenses) ($15,000)
Total Capital $2,000
Total Capital and Liabilities $302,000
Total Funding $317,000

2.1 Mission

Our mission is to become the leading freelance and video production company in state, utilizing the latest technology to shift market share from competitors to Michael's Video Service. 

Start-up
Requirements
Start-up Expenses
Legal $500
Stationery etc. $200
Brochures $300
Consultants $1,000
Insurance $1,200
Rent $600
Expensed equipment $10,000
Other $1,200
Total Start-up Expenses $15,000
Start-up Assets
Cash Required $60,000
Start-up Inventory $2,000
Other Current Assets $0
Long-term Assets $240,000
Total Assets $302,000
Total Requirements $317,000