Industry-specific Software Business Plan

Start your plan
Start my business plan

Start your own industry-specific software business plan

Insurance Solutions, LLC

Appendix

Sales Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Sales
IV-Consumer 0% $0 $20,000 $25,000 $31,250 $39,063 $48,828 $61,035 $75,000 $85,000 $92,000 $100,000 $130,000
IV – Insurance 0% $0 $0 $100,000 $0 $100,000 $0 $0 $100,000 $0 $100,000 $0 $100,000
IV – Small Business Lenders 0% $0 $0 $0 $0 $0 $0 $0 $100,000 $0 $100,000 $0 $100,000
IV – Mortgage Providers 0% $0 $0 $0 $0 $0 $0 $0 $100,000 $0 $0 $100,000 $100,000
Maintenance Contracts 20% $0 $4,000 $25,000 $6,250 $27,813 $9,766 $12,207 $75,000 $17,000 $58,400 $40,000 $86,000
Documents Plus 0% $0 $20,000 $22,000 $24,200 $26,520 $29,282 $32,210 $35,431 $38,974 $42,872 $47,159 $51,875
Total Sales $0 $44,000 $172,000 $61,700 $193,395 $87,876 $105,452 $485,431 $140,974 $393,272 $287,159 $567,875
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
CD-ROM Production $0 $1,320 $5,160 $1,851 $5,802 $2,636 $3,164 $14,563 $4,229 $11,798 $8,615 $17,036
Packaging and Shipping $0 $2,200 $8,600 $3,085 $9,670 $4,394 $5,273 $24,272 $7,049 $19,664 $14,358 $28,394
Subtotal Direct Cost of Sales $0 $3,520 $13,760 $4,936 $15,472 $7,030 $8,436 $38,834 $11,278 $31,462 $22,973 $45,430
Personnel Plan
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Hugh Lloyd-Thomas CEO 0% $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Mark Purowitz COO 0% $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Mark Metcalf, CIO 0% $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Administrative Assistant 0% $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Operations Support 0% $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Technical Assistant 0% $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
HR & Operations Manager 0% $0 $0 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
Sales Staff 0% $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400 $10,400
Total People 8 8 9 9 9 9 9 9 9 9 9 9
Total Payroll $55,400 $55,400 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900

General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
Long-term Interest Rate 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50%
Tax Rate 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

Pro Forma Profit and Loss
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Sales $0 $44,000 $172,000 $61,700 $193,395 $87,876 $105,452 $485,431 $140,974 $393,272 $287,159 $567,875
Direct Cost of Sales $0 $3,520 $13,760 $4,936 $15,472 $7,030 $8,436 $38,834 $11,278 $31,462 $22,973 $45,430
Other Costs of Goods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $3,520 $13,760 $4,936 $15,472 $7,030 $8,436 $38,834 $11,278 $31,462 $22,973 $45,430
Gross Margin $0 $40,480 $158,240 $56,764 $177,923 $80,846 $97,016 $446,597 $129,696 $361,810 $264,186 $522,445
Gross Margin % 0.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00% 92.00%
Expenses
Payroll $55,400 $55,400 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900
Marketing/Promotion $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Web Services Hosting $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Travel $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Stationary and Postage $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Legal Advisory Services $900 $900 $900 $900 $900 $900 $900 $900 $900 $900 $900 $900
Accounting/Tax Advisor $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Property Data Access License Fee $0 $0 $0 $25,000 $0 $0 $25,000 $0 $0 $25,000 $0 $0
Software Distribution License Fee $0 $0 $25,000 $0 $0 $25,000 $0 $0 $25,000 $0 $0 $0
Utilities $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Payroll Taxes 25% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $72,950 $72,950 $105,450 $105,450 $80,450 $105,450 $105,450 $80,450 $105,450 $105,450 $80,450 $80,450
Profit Before Interest and Taxes ($72,950) ($32,470) $52,790 ($48,686) $97,473 ($24,604) ($8,434) $366,147 $24,246 $256,360 $183,736 $441,995
EBITDA ($72,950) ($32,470) $52,790 ($48,686) $97,473 ($24,604) ($8,434) $366,147 $24,246 $256,360 $183,736 $441,995
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred ($21,885) ($9,741) $15,837 ($14,606) $29,242 ($7,381) ($2,530) $109,844 $7,274 $76,908 $55,121 $132,599
Net Profit ($51,065) ($22,729) $36,953 ($34,080) $68,231 ($17,223) ($5,904) $256,303 $16,972 $179,452 $128,615 $309,397
Net Profit/Sales 0.00% -51.66% 21.48% -55.24% 35.28% -19.60% -5.60% 52.80% 12.04% 45.63% 44.79% 54.48%

Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Cash Received
Cash from Operations
Cash Sales $0 $44,000 $172,000 $61,700 $193,395 $87,876 $105,452 $485,431 $140,974 $393,272 $287,159 $567,875
Subtotal Cash from Operations $0 $44,000 $172,000 $61,700 $193,395 $87,876 $105,452 $485,431 $140,974 $393,272 $287,159 $567,875
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $1,000,000 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $0 $44,000 $172,000 $61,700 $1,193,395 $87,876 $105,452 $485,431 $140,974 $393,272 $287,159 $567,875
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Expenditures from Operations
Cash Spending $55,400 $55,400 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900 $62,900
Bill Payments ($4,335) ($3,813) $13,356 $70,838 $33,860 $61,595 $42,407 $52,382 $162,724 $64,096 $149,077 $98,975
Subtotal Spent on Operations $51,065 $51,587 $76,256 $133,738 $96,760 $124,495 $105,307 $115,282 $225,624 $126,996 $211,977 $161,875
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $50,000 $0 $50,000 $0 $50,000 $0 $50,000
Subtotal Cash Spent $51,065 $51,587 $76,256 $133,738 $96,760 $174,495 $105,307 $165,282 $225,624 $176,996 $211,977 $211,875
Net Cash Flow ($51,065) ($7,587) $95,744 ($72,038) $1,096,635 ($86,619) $145 $320,149 ($84,650) $216,276 $75,182 $356,000
Cash Balance $52,935 $45,348 $141,092 $69,053 $1,165,689 $1,079,070 $1,079,215 $1,399,364 $1,314,714 $1,530,990 $1,606,172 $1,962,172
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Assets Starting Balances
Current Assets
Cash $104,000 $52,935 $45,348 $141,092 $69,053 $1,165,689 $1,079,070 $1,079,215 $1,399,364 $1,314,714 $1,530,990 $1,606,172 $1,962,172
Other Current Assets $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000
Total Current Assets $119,000 $67,935 $60,348 $156,092 $84,053 $1,180,689 $1,094,070 $1,094,215 $1,414,364 $1,329,714 $1,545,990 $1,621,172 $1,977,172
Long-term Assets
Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $119,000 $67,935 $60,348 $156,092 $84,053 $1,180,689 $1,094,070 $1,094,215 $1,414,364 $1,329,714 $1,545,990 $1,621,172 $1,977,172
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $0 $15,142 $73,933 $35,975 $64,379 $44,983 $51,031 $164,878 $63,256 $150,080 $96,646 $193,250
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $0 $15,142 $73,933 $35,975 $64,379 $44,983 $51,031 $164,878 $63,256 $150,080 $96,646 $193,250
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $0 $15,142 $73,933 $35,975 $64,379 $44,983 $51,031 $164,878 $63,256 $150,080 $96,646 $193,250
Paid-in Capital $292,250 $292,250 $292,250 $292,250 $292,250 $1,292,250 $1,292,250 $1,292,250 $1,292,250 $1,292,250 $1,292,250 $1,292,250 $1,292,250
Retained Earnings ($173,250) ($173,250) ($173,250) ($173,250) ($173,250) ($173,250) ($223,250) ($223,250) ($273,250) ($273,250) ($323,250) ($323,250) ($373,250)
Earnings $0 ($51,065) ($73,794) ($36,841) ($70,921) ($2,690) ($19,913) ($25,817) $230,486 $247,458 $426,910 $555,526 $864,922
Total Capital $119,000 $67,935 $45,206 $82,159 $48,079 $1,116,310 $1,049,087 $1,043,183 $1,249,486 $1,266,458 $1,395,910 $1,524,526 $1,783,922
Total Liabilities and Capital $119,000 $67,935 $60,348 $156,092 $84,053 $1,180,689 $1,094,070 $1,094,215 $1,414,364 $1,329,714 $1,545,990 $1,621,172 $1,977,172
Net Worth $119,000 $67,935 $45,206 $82,159 $48,079 $1,116,310 $1,049,087 $1,043,183 $1,249,486 $1,266,458 $1,395,910 $1,524,526 $1,783,922

Download link edge graphic Download this plan

Start your own industry-specific software business plan

Start your own business plan

LivePlan logo Start planning

Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.

Get the Bplans newsletter:

Expert business tips and advice delivered weekly.