Todd, West, and Associates
Todd, West, and Associates is a new start-up engineering contracting firm. Co-owners, Mary Todd and John West have over fifteen years of experience in connectivity and network engineering. The country’s economic growth over the last several years has resulted in increased opportunity for the installation of high-end warehouse management systems. Todd, West, and Associates is positioned to capitalize on the growing need of companies to better manage their inventory.
From 1996 to 2001, Mary Todd was senior engineer for the Special Modification Services unit of CDS, one of the country’s leading producers of Automatic Data Collection (ADC) products. Her primary responsibility was to travel to the customer’s warehouse site and perform custom wireless network modifications using CDS products.
John West has been a senior engineer for Symbol’s system installation services unit for the past five years. John’s responsibilities included custom wireless installation of Symbol networking equipment and ADC products at the customer’s warehouse site.
Todd, West, and Associates has signed outsourcing agreements with both CDS and Symbol to provide custom network installation services to their customers. Currently, these agreements represent $100,000 in scheduled assignments.
2.1 Company Ownership
Mary Todd and John West are co-owners of Todd, West, and Associates.
2.2 Start-up Summary
Mary Todd and John West will each equally invest in Todd, West, and Associates. In addition, they will secure a long-term loan. The following table and chart show projected initial start-up costs for Todd, West, and Associates.
|Start-up Expenses to Fund||$9,000|
|Start-up Assets to Fund||$61,000|
|Total Funding Required||$70,000|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$61,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$61,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$20,000|
|Loss at Start-up (Start-up Expenses)||($9,000)|
|Total Capital and Liabilities||$61,000|
|Total Start-up Expenses||$9,000|
|Other Current Assets||$0|