Plan Outline
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Web Design Business Plan
Ibrio Incorporated
Company Summary
Ibrio Incorporated is a start-up company that will provide high-end, affordable Internet related services to small businesses that are looking to expand their existing marketing efforts to reach the Web. We have a system established that will allow us to offer website development, hosting, marketing, and maintenance of the same caliber that large companies take advantage of, at a very affordable rate.
2.1 Company Ownership
Ibrio has been incorporated as a Pennsylvania S corporation based in Lebanon county as of August 28, 2000. The corporation is privately owned by David W. Hickethier, chief operations officer and Richard B. Andrews, chief technology officer.
2.2 Start-up Summary
Our start-up plan is a well thought out base to propel us forward with the proper equipment, marketing tools, and personnel to start our venture. An initial cash investment by the owners in the amount of $7,300 to purchase office furniture, computer equipment, and software has been made. Both owners have also invested a combined time of approximately 3,500 working hours toward the start-up of Ibrio Inc.
The cash requirement of $17,000 are funds that we need to provide the capital to run our business for the first few months. This capital will fund two employees payroll and equipment/supplies to get them started. It will cover business expenses for a few months until our cash flow takes over.
The four-year $20,000 loan has been secured from the XYZ bank to supply the needed capital explained above.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Business Cards | $60 |
| Phone Line Install (Two Lines) | $150 |
| Computer Monitor | $200 |
| InfoUSA Database | $400 |
| Office Equipment | $580 |
| Dedicated Server Setup Fee | $150 |
| Membership Fees | $600 |
| DSL Setup and Install | $350 |
| Phones | $160 |
| Total Start-up Expenses | $2,650 |
| Start-up Assets | |
| Cash Required | $17,000 |
| Other Current Assets | $7,650 |
| Long-term Assets | $0 |
| Total Assets | $24,650 |
| Total Requirements | $27,300 |
| Start-up Funding | |
| Start-up Expenses to Fund | $2,650 |
| Start-up Assets to Fund | $24,650 |
| Total Funding Required | $27,300 |
| Assets | |
| Non-cash Assets from Start-up | $7,650 |
| Cash Requirements from Start-up | $17,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $17,000 |
| Total Assets | $24,650 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $20,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $20,000 |
| Capital | |
| Planned Investment | |
| David W. Hickethier | $3,650 |
| Richard B. Andrews | $3,650 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $7,300 |
| Loss at Start-up (Start-up Expenses) | ($2,650) |
| Total Capital | $4,650 |
| Total Capital and Liabilities | $24,650 |
| Total Funding | $27,300 |
2.3 Company Locations and Facilities
We have an established commercial office space in Palmyra, PA under a two year lease that will expire in October of 2001 with an option to renew every 60 days thereafter. There is approximately 1,400 sq. ft. capable of housing workstations for up to 12 workers. Palmyra is in Lebanon county, less than a 60 minute drive to anywhere in our four county target market area.
