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I Tech Solutions

Company Summary

I Tech Solutions was founded in November 2000 as a private limited company. For most of its initial existence, the company intends to establish close relationships with its various clients, with the intention of expanding in the near future.

2.1 Company Ownership

I Tech Solutions is a company incorporated at the Registrar of Companies by Mr. T, Mr. S, and Mr. P. Though relatively new, the directors realize their company’s vast potential market and opportunity for growth if given the necessary funding.

2.2 Start-up Summary

Total start-up capital and expenses covered include legal costs, business cards, stationery, and related expenses. Messrs. T., S., and P. have provided investment covering much of the starting assets, with the rest of required financing coming from a 5-year commercial loan obtained from Bank Z. The start-up table below itemizes the start-up expenses.

Note: All currency values in the charts and tables are expressed in the Botswana Pula (P).

Computer support business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund P207,749
Start-up Assets to Fund P492,251
Total Funding Required P700,000
Non-cash Assets from Start-up P0
Cash Requirements from Start-up P492,251
Additional Cash Raised P0
Cash Balance on Starting Date P492,251
Total Assets P492,251
Liabilities and Capital
Current Borrowing P0
Long-term Liabilities P600,000
Accounts Payable (Outstanding Bills) P0
Other Current Liabilities (interest-free) P0
Total Liabilities P600,000
Planned Investment
Investor 1 P40,000
Investor 2 P30,000
Investor 3 P30,000
Additional Investment Requirement P0
Total Planned Investment P100,000
Loss at Start-up (Start-up Expenses) (P207,749)
Total Capital (P107,749)
Total Capital and Liabilities P492,251
Total Funding P700,000
Start-up Expenses
Legal P1,400
Stationery etc. P2,000
Brochures P5,000
Consultants P4,500
Staff Engagement P4,000
Office Locatioin P2,600
Staff Training P5,000
Expensed equipment P171,349
Other P11,900
Total Start-up Expenses P207,749
Start-up Assets
Cash Required P492,251
Start-up Inventory P0
Other Current Assets P0
Long-term Assets P0
Total Assets P492,251
Total Requirements P700,000