The Two Wheeled Oracle
The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon. The company offers a document delivery service for law firms; documents can be delivered to other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as well as a spontaneous run. Within nine months the business will be profitable.
2.1 Company Ownership
The company will be an Oregon Corporation, owned entirely by Alwy Laate.
2.2 Start-up Summary
Two Wheeled Oracle will incur the following start-up costs:
- Office furniture including: two desks, two chairs, and two file cabinets.
- Two computer systems including a printer, CD-RW, and a broadband Internet connection.
- Three phone lines.
- Fax machine and copier.
- Development of a website that allows delivery orders to be placed online and received every five minutes.
- Legal fees for the incorporation of the business.
- Nextel cellular phones to be used for communication between mobile units and the base. Nextel is used because it offers a two-way communication function, similar to a two-way radio, over cellular frequencies, but at a significantly reduced rate compared to standard cellular service. Nine handsets will be needed initially.
- Messenger bags with company logo.
|Start-up Expenses to Fund||$1,300|
|Start-up Assets to Fund||$108,700|
|Total Funding Required||$110,000|
|Non-cash Assets from Start-up||$7,500|
|Cash Requirements from Start-up||$101,200|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$101,200|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$60,000|
|Loss at Start-up (Start-up Expenses)||($1,300)|
|Total Capital and Liabilities||$108,700|
|Research and development||$0|
|Total Start-up Expenses||$1,300|
|Other Current Assets||$0|