Godsend Concierge Service
Company Summary
Godsend Concierge Service, soon to be located in Eugene, OR, will offer an unlimited concierge service for companies and individuals. GCS will provide a wide range of services for clients, from purchasing theatre tickets, picking up dry cleaning, pet care, and car repairs, to event planning and grocery shopping. The only limit to what we will do is the customer’s imagination and the legality of the task.
The business will be based out of the owner’s home and within 12 months will employ three additional people.
If the business goes per the forecasted plans, after month one it will be making a profit, and will grow steadily each consecutive month.
Start-up Summary
Godsend Concierge Service’s start-up costs will include all the equipment needed for the home-based office, legal fees, website creation, and start-up advertising.
The home office equipment will be the largest chunk of the start-up expenses. This equipment includes a computer system, fax machine, office supplies, cellular phone, and pager. The computer should have at least a 500 megahertz Celeron/Pentium processor, 64 megabytes of RAM (preferably 128), 6 gigabyte hard drive, and a rewritable CD-ROM for backing up the system. Additionally, there will be the installation of a broadband connection. While a broadband connection is not totally necessary, it only costs $40-50 per month for service and will make working on the Internet significantly faster and easier. The home office will also require furniture to transform a standard room into an office. Lastly, an additional (land) phone line will be required.
The legal fees are used for the formation of the business as well as for reviewing/generating standard client contracts.
The Web creation fees at start-up are for design and creation of the website.
The advertising costs are based on the need to communicate our service to perspective customers. The bulk of the “advertising” will be communications with corporations and setting up full-service contracts.
Lastly, as we achieve an increase in clients and need to bring on more people, there will be training costs for each employee. We will not bring on new employees initially, and therefore the start-up costs will not reflect this expense.

Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $500 |
Stationery etc. | $50 |
Brochures | $50 |
Insurance | $400 |
Computer | $1,500 |
Broadband Internet Access | $150 |
Fax machine | $100 |
Cellular phone | $50 |
Pager | $20 |
Office supplies | $25 |
Web site creation | $500 |
Advertising | $250 |
Licenses | $150 |
Other | $0 |
Total Start-up Expenses | $3,745 |
Start-up Assets | |
Cash Required | $1,255 |
Other Current Assets | $2,500 |
Long-term Assets | $0 |
Total Assets | $3,755 |
Total Requirements | $7,500 |
Start-up Funding | |
Start-up Expenses to Fund | $3,745 |
Start-up Assets to Fund | $3,755 |
Total Funding Required | $7,500 |
Assets | |
Non-cash Assets from Start-up | $2,500 |
Cash Requirements from Start-up | $1,255 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $1,255 |
Total Assets | $3,755 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $0 |
Capital | |
Planned Investment | |
Owner-operator | $7,500 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $7,500 |
Loss at Start-up (Start-up Expenses) | ($3,745) |
Total Capital | $3,755 |
Total Capital and Liabilities | $3,755 |
Total Funding | $7,500 |
Company Ownership
Godsend Concierge Service will be a sole proprietorship, owned by Taylor Gogetter.