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Office Space Solutions

Executive Summary

Office Space Solutions improves businesses. Specializing in high-growth companies, it sets up, restructures and streamlines paper flow, communication and office systems.  This includes assessments of office space organization and office process flow. The result is a complete turnaround including increased efficiency, reduced costs, greater income, and happier people.

Office Space Solutions has two strong competitive advantages. The first is extensive experience in office space management and work flow efficiency. Bev Johnson, the owner, spent the previous 10 years working with three start-up companies that grew rapidly. With each company, it was her responsibility to manage the personnel growth while improving employee productivity. This experience was priceless. Additionally, the value of networking based on Bev’s previous industry relationships will give Office Space Solutions a leg up on the competition.

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1.1 Mission

Office Space Solutions’s mission is to provide the highest quality support services for its clients. Bev focus is to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Her services will exceed the expectations of her customers.

1.2 Keys to Success

The objectives for the first three years of operation include:

  • To create a service-based company whose primary goal is to exceed customers’ expectations.
  • To increase the number of clients served by 20% per year through superior performance.
  • To develop a sustainable start-up business that is profitable.
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Company Summary

Office Space Solutions offers management support services to start-up and growing firms and companies. Bev sets up, restructures, and streamlines office space, paper flow, communication and office systems.  Her work reduces office operation cost while increasing work efficiency and revenue for her clients.

2.1 Start-up Summary

Office Space Solutions has the following start-up expenses:

  • Computer system with a printer, CD-RW, Microsoft Office, and Microsoft Access.
  • Copier, fax, and one phone line.
  • Website development.
  • Various office supplies.
Office consulting business plan, company summary chart image

Start-up
Requirements
Start-up Expenses
Legal $0
Stationery etc. $100
Brochures $200
Expensed Equipment $3,000
Other $0
Total Start-up Expenses $3,300
Start-up Assets
Cash Required $6,700
Other Current Assets $2,000
Long-term Assets $0
Total Assets $8,700
Total Requirements $12,000
Start-up Funding
Start-up Expenses to Fund $3,300
Start-up Assets to Fund $8,700
Total Funding Required $12,000
Assets
Non-cash Assets from Start-up $2,000
Cash Requirements from Start-up $6,700
Additional Cash Raised $0
Cash Balance on Starting Date $6,700
Total Assets $8,700
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
Investor 1 $7,000
Investor 2 $5,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $12,000
Loss at Start-up (Start-up Expenses) ($3,300)
Total Capital $8,700
Total Capital and Liabilities $8,700
Total Funding $12,000

2.2 Company Ownership

Bev Johnson is the sole owner and consultant of Office Space Solutions. Office Space Solutions is a home-based business.  All business meetings will occur at the client’s business or at a location close to the client’s business.

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Services

  • Planning, setting up, or improving office procedures, including simplifying paper flow, minimizing wasted time and maximizing access to needed materials.
  • Controlling costs and minimizing expenses with improved office efficiency and improved office methods.
  • Managing office relocations including vendor negotiations and problem solving.
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Market Analysis Summary

Office Space Solutions will be focusing on a very specific part of the business market:

  • Start-up with more than five employees.
  • Small businesses that are rapidly expanding operations.

The city has several support service businesses but none as visible as Office Space Solutions and none with the success record Bev Johnson has. 

4.1 Target Market Segment Strategy

Office Space Solutions is focusing on new and growing companies that are often located in small offices. The targeted start-up business will have four or more staff in its office in addition to a owner. This is a perfect atmosphere for a support service because the services Office Space Solutions provides are out of the business’s field of expertise but so critical to their success.

Another reason for focusing on a growing businesses is that it is easier to be competitive with the smaller businesses. Presently, this segment of businesses is not being marketed by the Office Space Solutions’s competitors.

For these reasons, Office Space Solutions will concentrate on the new and growing companies to be able to quickly grab market share.

4.2 Service Business Analysis

The competition consists of a few support service firms that offer a wide range of service offerings to city’s large companies. Though these firms replicate the offerings of Office Space Solutions, they are not targeting the vital area of new and growing businesses. Office Space Solutions will focus only on these companies.  There is an advantage to hiring a service that is focused on your problems and is knowledgeable regarding your specific needs.

In addition, the target clients are prone to want a long-term relationship with critical services. If they are happy they will generally stay with the same service provider. It is more cost effective then jumping through the hoops each time it needs a space management, or work flow assessment.

4.3 Market Segmentation

The market for office space and work flow organizers can be broken down into two important segments:

  • Start-ups with five or more employees. These start-ups rarely have the in-house expertise to solve office space or work flow management problems.  As a general role, there is a tremendous amount of wasted effort and space in start-ups.  The focus is always on getting a product or service out to customers with very little thought about how the office organization is working against them. The city is growing at a rate of 10% annually and the numbers of start-ups increase each year in all the city’s major industries and service areas. Office Space Solutions believes that this is an underserved segment and with her successes and connections, Office Space Solutions would become an invaluable service to these target clients. As these companies move from the start-up phase to the growth phase, Office Space Solutions will receive this repeat business.
  • Small rapidly growing companies. These companies have already reached some margin of success and are planning to expand their operations; yet this doesn’t mean that they are efficient. The success of their product or service may be hiding problems in the operation that will emerge as greater pressure is placed on company performance.  Each stage of growth in a company, present challenges that can hurt its performance and success. Office Space Solutions can provide these companies a focused approach that is responsive to unique client demands, assisting them in achieving their future sales goals.
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Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Start-Up 15% 535 615 707 813 935 14.98%
Growing Business 10% 634 697 767 844 928 9.99%
Other 0% 0 0 0 0 0 0.00%
Total 12.36% 1,169 1,312 1,474 1,657 1,863 12.36%

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Strategy and Implementation Summary

Office Space Solutions will sustain its competitive advantages to steadily gain market share. The first advantage is based on extensive knowledge of office space management and work flow efficiency. The second advantage is an already established network of contacts among numerous start-ups and growing companies.

5.1 Competitive Edge

Office Space Solutions’ competitive edge is the ten years Bev Johnson has spent being the go-to person that new businesses contact with questions concerning space management and work flow problems. These referrals have all occurred through word of mouth from the extensive network of office manager contacts Bev has gathered over the years.  Her industry access is invaluable for networking. These established relationships create a trust bond that is significant when it comes to generating new referrals.

Bev has been giving many presentations on space and process management for professional women’s groups and the city’s Chamber of Commerce.

Bev also has the unique track record of being pivotal in the success of three start-ups over the past ten years.  In each of these cases, she was hired away from her previous employer because of her success in transforming the office environment from a chaotic shamble into a productive oasis.

5.2 Sales Strategy

Office Space Solutions’ sales strategy will be based on systematic person to person contacts with new and growing businesses. Bev has already compiled a list of referrals that will serve as the launching pad.

5.2.1 Sales Forecast

The following table and chart give a run-down on forecasted sales. As a consulting firm there are negligible cost of sales, and Bev’s salary is included in the Personnel table.

Office consulting business plan, strategy and implementation summary chart image

Office consulting business plan, strategy and implementation summary chart image

Sales Forecast
Year 1 Year 2 Year 3
Sales
Start-Ups $19,606 $30,000 $40,000
Growing Businesses $38,164 $50,000 $60,000
Total Sales $57,770 $80,000 $100,000
Direct Cost of Sales Year 1 Year 2 Year 3
Start-Ups $0 $0 $0
Growing Businesses $0 $0 $0
Subtotal Direct Cost of Sales $0 $0 $0

5.3 Milestones

Office Space Solutions will have several milestones early on:

  • Office set up.
  • Exceed $50,000 in sales the first year.
Office consulting business plan, strategy and implementation summary chart image

Milestones
Milestone Start Date End Date Budget Manager Department
Office Set up 11/1/2001 1/1/2002 $0 BJ Owner
Hire Assistant 9/1/2002 9/30/2002 $0 BJ Owner
Exceed $50,000 in Sales 1/1/2002 12/30/2002 $0 BJ Owner
Totals $0

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Management Summary

Bev Johnson, founder and owner, received her Bachelor Degree in business management from Willamette University. During her undergraduate studies, Bev created her own support staff company, including typing students term papers. This was quite lucrative because there were a lot of students at Willamette that were unwilling to do their own typing and they were much more content paying someone else.

After college, Bev worked in a number of office settings developing her skill in cutting waste and inefficiency in the office.  She received her first office manager position with Renco, a high-tech start-up that grew from 15 people to over 59 employees in three years.  Her next position was with office coordinator for Carter Technology.  During her time there, the staff grew from 30 people to 89 employee in three years.  Her last position before starting Office Space Solutions was with Steward Consulting.  This company grew from 45 employee to over 258 staff members in four years.

Toward the end of her tenure with Steward Consulting she was getting a bit restless. She was looking for a new challenge, something she could do all on her own. One day the idea dawned on her that she could leverage her  knowledge of office efficiency into a new business.

Personnel Plan
Year 1 Year 2 Year 3
Owner $32,000 $40,000 $47,000
Part-time assistant $3,000 $16,000 $18,000
Other $0 $0 $0
Total People 0 0 0
Total Payroll $35,000 $56,000 $65,000

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Financial Plan

The following sections will outline the important financial assumptions, key financial indicators, break-even analysis, profit and loss, cash flow, and the balance sheet.

7.1 Important Assumptions

The following table highlights some of the important financial assumptions for Office Space Solutions.

General Assumptions
Year 1 Year 2 Year 3
Plan Month 1 2 3
Current Interest Rate 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00%
Tax Rate 30.00% 30.00% 30.00%
Other 0 0 0

7.2 Break-even Analysis

The Break-even Analysis table and chart below indicate the monthly revenue needed to break even.

Office consulting business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $3,576
Assumptions:
Average Percent Variable Cost 0%
Estimated Monthly Fixed Cost $3,576

7.3 Projected Profit and Loss

The following table will indicate projected profit and loss.

Office consulting business plan, financial plan chart image

Office consulting business plan, financial plan chart image

Office consulting business plan, financial plan chart image

Office consulting business plan, financial plan chart image

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $57,770 $80,000 $100,000
Direct Cost of Sales $0 $0 $0
Other Production Expenses $0 $0 $0
Total Cost of Sales $0 $0 $0
Gross Margin $57,770 $80,000 $100,000
Gross Margin % 100.00% 100.00% 100.00%
Expenses
Payroll $35,000 $56,000 $65,000
Sales and Marketing and Other Expenses $2,660 $3,200 $4,150
Depreciation $0 $0 $0
Leased Equipment $0 $0 $0
Utilities $0 $0 $0
Insurance $0 $0 $0
Rent $0 $0 $0
Payroll Taxes $5,250 $8,400 $9,750
Other $0 $0 $0
Total Operating Expenses $42,910 $67,600 $78,900
Profit Before Interest and Taxes $14,860 $12,400 $21,100
EBITDA $14,860 $12,400 $21,100
Interest Expense $0 $0 $0
Taxes Incurred $4,458 $3,720 $6,330
Net Profit $10,402 $8,680 $14,770
Net Profit/Sales 18.01% 10.85% 14.77%

7.4 Projected Cash Flow

The following chart and table indicates projected cash flow.

Office consulting business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $31,774 $44,000 $55,000
Cash from Receivables $18,069 $32,950 $42,256
Subtotal Cash from Operations $49,843 $76,950 $97,256
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $49,843 $76,950 $97,256
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $35,000 $56,000 $65,000
Bill Payments $10,257 $16,172 $19,826
Subtotal Spent on Operations $45,257 $72,172 $84,826
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $45,257 $72,172 $84,826
Net Cash Flow $4,586 $4,778 $12,429
Cash Balance $11,286 $16,064 $28,493

7.5 Projected Balance Sheet

The following table indicates the projected balance sheet.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $11,286 $16,064 $28,493
Accounts Receivable $7,927 $10,977 $13,722
Other Current Assets $2,000 $2,000 $2,000
Total Current Assets $21,213 $29,041 $44,215
Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $21,213 $29,041 $44,215
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $2,111 $1,259 $1,663
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $2,111 $1,259 $1,663
Long-term Liabilities $0 $0 $0
Total Liabilities $2,111 $1,259 $1,663
Paid-in Capital $12,000 $12,000 $12,000
Retained Earnings ($3,300) $7,102 $15,782
Earnings $10,402 $8,680 $14,770
Total Capital $19,102 $27,782 $42,552
Total Liabilities and Capital $21,213 $29,041 $44,215
Net Worth $19,102 $27,782 $42,552

7.6 Business Ratios

The following table outlines some of the more important ratios from the Management Consulting Services industry. The final column, Industry Profile, details specific ratios based on the industry as it is classified by the NAICS code, 541618.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 38.48% 25.00% 12.40%
Percent of Total Assets
Accounts Receivable 37.37% 37.80% 31.03% 26.10%
Other Current Assets 9.43% 6.89% 4.52% 44.70%
Total Current Assets 100.00% 100.00% 100.00% 74.50%
Long-term Assets 0.00% 0.00% 0.00% 25.50%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 9.95% 4.34% 3.76% 44.30%
Long-term Liabilities 0.00% 0.00% 0.00% 16.00%
Total Liabilities 9.95% 4.34% 3.76% 60.30%
Net Worth 90.05% 95.66% 96.24% 39.70%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 100.00% 100.00% 100.00% 0.00%
Selling, General & Administrative Expenses 81.99% 89.15% 85.23% 80.80%
Advertising Expenses 2.42% 1.88% 2.00% 1.30%
Profit Before Interest and Taxes 25.72% 15.50% 21.10% 2.20%
Main Ratios
Current 10.05 23.06 26.59 1.75
Quick 10.05 23.06 26.59 1.38
Total Debt to Total Assets 9.95% 4.34% 3.76% 60.30%
Pre-tax Return on Net Worth 77.79% 44.63% 49.59% 3.80%
Pre-tax Return on Assets 70.05% 42.70% 47.72% 9.70%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 18.01% 10.85% 14.77% n.a
Return on Equity 54.46% 31.24% 34.71% n.a
Activity Ratios
Accounts Receivable Turnover 3.28 3.28 3.28 n.a
Collection Days 55 96 100 n.a
Accounts Payable Turnover 5.86 12.17 12.17 n.a
Payment Days 27 40 26 n.a
Total Asset Turnover 2.72 2.75 2.26 n.a
Debt Ratios
Debt to Net Worth 0.11 0.05 0.04 n.a
Current Liab. to Liab. 1.00 1.00 1.00 n.a
Liquidity Ratios
Net Working Capital $19,102 $27,782 $42,552 n.a
Interest Coverage 0.00 0.00 0.00 n.a
Additional Ratios
Assets to Sales 0.37 0.36 0.44 n.a
Current Debt/Total Assets 10% 4% 4% n.a
Acid Test 6.29 14.35 18.34 n.a
Sales/Net Worth 3.02 2.88 2.35 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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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
Start-Ups 0% $600 $1,002 $1,150 $1,288 $1,322 $1,534 $1,544 $1,722 $1,900 $2,245 $2,599 $2,700
Growing Businesses 0% $1,002 $1,200 $1,345 $1,688 $1,992 $2,512 $3,002 $3,600 $4,200 $5,023 $5,900 $6,700
Total Sales $1,602 $2,202 $2,495 $2,976 $3,314 $4,046 $4,546 $5,322 $6,100 $7,268 $8,499 $9,400
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
Start-Ups $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Growing Businesses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
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
Owner 0% $2,000 $2,000 $2,000 $2,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Part-time assistant 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,000 $1,000 $1,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 0 0 0 0 0 0 0 0 0 0 0 0
Total Payroll $2,000 $2,000 $2,000 $2,000 $3,000 $3,000 $3,000 $3,000 $3,000 $4,000 $4,000 $4,000

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 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
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 $1,602 $2,202 $2,495 $2,976 $3,314 $4,046 $4,546 $5,322 $6,100 $7,268 $8,499 $9,400
Direct Cost of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gross Margin $1,602 $2,202 $2,495 $2,976 $3,314 $4,046 $4,546 $5,322 $6,100 $7,268 $8,499 $9,400
Gross Margin % 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Expenses
Payroll $2,000 $2,000 $2,000 $2,000 $3,000 $3,000 $3,000 $3,000 $3,000 $4,000 $4,000 $4,000
Sales and Marketing and Other Expenses $305 $305 $205 $205 $205 $205 $205 $205 $205 $205 $205 $205
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payroll Taxes 15% $300 $300 $300 $300 $450 $450 $450 $450 $450 $600 $600 $600
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $2,605 $2,605 $2,505 $2,505 $3,655 $3,655 $3,655 $3,655 $3,655 $4,805 $4,805 $4,805
Profit Before Interest and Taxes ($1,003) ($403) ($10) $471 ($341) $391 $891 $1,667 $2,445 $2,463 $3,694 $4,595
EBITDA ($1,003) ($403) ($10) $471 ($341) $391 $891 $1,667 $2,445 $2,463 $3,694 $4,595
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred ($301) ($121) ($3) $141 ($102) $117 $267 $500 $734 $739 $1,108 $1,379
Net Profit ($702) ($282) ($7) $330 ($239) $274 $624 $1,167 $1,712 $1,724 $2,586 $3,217
Net Profit/Sales -43.83% -12.81% -0.28% 11.08% -7.20% 6.76% 13.72% 21.93% 28.06% 23.72% 30.42% 34.22%

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 $881 $1,211 $1,372 $1,637 $1,823 $2,225 $2,500 $2,927 $3,355 $3,997 $4,674 $5,170
Cash from Receivables $0 $24 $730 $995 $1,130 $1,344 $1,502 $1,828 $2,057 $2,407 $2,763 $3,289
Subtotal Cash from Operations $881 $1,235 $2,102 $2,632 $2,953 $3,570 $4,003 $4,755 $5,412 $6,404 $7,437 $8,459
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 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $881 $1,235 $2,102 $2,632 $2,953 $3,570 $4,003 $4,755 $5,412 $6,404 $7,437 $8,459
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 $2,000 $2,000 $2,000 $2,000 $3,000 $3,000 $3,000 $3,000 $3,000 $4,000 $4,000 $4,000
Bill Payments $10 $310 $485 $507 $643 $560 $777 $930 $1,163 $1,394 $1,556 $1,922
Subtotal Spent on Operations $2,010 $2,310 $2,485 $2,507 $3,643 $3,560 $3,777 $3,930 $4,163 $5,394 $5,556 $5,922
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 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $2,010 $2,310 $2,485 $2,507 $3,643 $3,560 $3,777 $3,930 $4,163 $5,394 $5,556 $5,922
Net Cash Flow ($1,129) ($1,075) ($383) $125 ($691) $10 $225 $825 $1,249 $1,010 $1,881 $2,537
Cash Balance $5,571 $4,496 $4,113 $4,239 $3,548 $3,558 $3,783 $4,608 $5,858 $6,868 $8,749 $11,286
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 $6,700 $5,571 $4,496 $4,113 $4,239 $3,548 $3,558 $3,783 $4,608 $5,858 $6,868 $8,749 $11,286
Accounts Receivable $0 $721 $1,688 $2,081 $2,425 $2,786 $3,262 $3,806 $4,372 $5,060 $5,924 $6,986 $7,927
Other Current Assets $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Total Current Assets $8,700 $8,292 $8,184 $8,194 $8,663 $8,334 $8,820 $9,589 $10,981 $12,918 $14,792 $17,735 $21,213
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 $8,700 $8,292 $8,184 $8,194 $8,663 $8,334 $8,820 $9,589 $10,981 $12,918 $14,792 $17,735 $21,213
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 $294 $468 $485 $625 $534 $747 $892 $1,117 $1,342 $1,492 $1,849 $2,111
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 $294 $468 $485 $625 $534 $747 $892 $1,117 $1,342 $1,492 $1,849 $2,111
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $294 $468 $485 $625 $534 $747 $892 $1,117 $1,342 $1,492 $1,849 $2,111
Paid-in Capital $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000
Retained Earnings ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300) ($3,300)
Earnings $0 ($702) ($984) ($991) ($662) ($900) ($627) ($3) $1,164 $2,876 $4,600 $7,186 $10,402
Total Capital $8,700 $7,998 $7,716 $7,709 $8,039 $7,800 $8,074 $8,697 $9,864 $11,576 $13,300 $15,886 $19,102
Total Liabilities and Capital $8,700 $8,292 $8,184 $8,194 $8,663 $8,334 $8,820 $9,589 $10,981 $12,918 $14,792 $17,735 $21,213
Net Worth $8,700 $7,998 $7,716 $7,709 $8,039 $7,800 $8,074 $8,697 $9,864 $11,576 $13,300 $15,886 $19,102

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