Contemporary Ti Design
Company Summary
Contemporary Ti Design, located in Hood River, OR, is a custom manufacturer of titanium jewelry. Contemporary Ti Design has a wide range of jewelry offerings, from pendants, to pins, to approximately. All of the pieces are made by Steve Artificer. Steve sells the pieces direct through his website as well as through selected galleries and art shows.
The business will based out of Steve’s home.
If the company goes as planned, month nine will signal profitability and year three will see profit of $17,000.
2.1 Company Ownership
Contemporary Ti Design is a sole proprietorship, owned by Steve Artificer. The advantage of incorporation generally eliminating personal liability is of little concern.
2.2 Start-up Summary
Contemporary Ti Design’s start-up costs will include the following equipment for the home-based business:
- Legal fees.
- Website creation fees.
- Home office furniture including desk, file cabinet, chairs.
- Computer including printer, CD-RW.
- DSL hookup.
- Copier and fax machine.
- Extra land phone line.
- Cutting tools.
- Raw materials (titanium sheet and wire).
- Anodizing equipment.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $150 |
| Website Development | $500 |
| DSL Set-up | $100 |
| Titanium Sheet | $200 |
| Other | $0 |
| Total Start-up Expenses | $1,450 |
| Start-up Assets | |
| Cash Required | $12,750 |
| Start-up Inventory | $0 |
| Other Current Assets | $0 |
| Long-term Assets | $2,800 |
| Total Assets | $15,550 |
| Total Requirements | $17,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $1,450 |
| Start-up Assets to Fund | $15,550 |
| Total Funding Required | $17,000 |
| Assets | |
| Non-cash Assets from Start-up | $2,800 |
| Cash Requirements from Start-up | $12,750 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $12,750 |
| Total Assets | $15,550 |
| 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 | |
| Steve | $17,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $17,000 |
| Loss at Start-up (Start-up Expenses) | ($1,450) |
| Total Capital | $15,550 |
| Total Capital and Liabilities | $15,550 |
| Total Funding | $17,000 |
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