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Buy The Time
Company Summary
Buy the Time is a shopping service which allows the client to purchase custom items without stress. With our expert staff, we intend to grow into a larger market where we can still be personable, yet offer greater choices.
Our ideal larger market will expand from the Seattle area to include New York, San Francisco, Los Angeles, Chicago, and Miami.
2.1 Company Ownership
Buy the Time will be a Seattle, WA-based company. It will be formed as a simple sole proprietorship. The company will operate as a home business until such time as expansion is required.
Jade Kousky is the owner and sole proprietor. With many years of retail experience, she brings a unique knowledge of discovering solutions to personal needs at low cost. Many have known her to have a personal flare for anticipating trends and an ability to match purchases to a client’s desires.
With growth, Ms. Kousky plans to convert the sole proprietorship into a corporation, still maintaining major control. Each location manager will operate as a key figure in the growth and evolution of Buy the Time.
2.2 Start-up Summary
Originally, operation will be based out of the owner’s residence. One-to-one service can be provided by meeting the client at a time and place most convenient for them. This will cut unnecessary costs while still providing superb service.
| Start-up Funding | |
| Start-up Expenses to Fund | $1,250 |
| Start-up Assets to Fund | $3,650 |
| Total Funding Required | $4,900 |
| Assets | |
| Non-cash Assets from Start-up | $2,400 |
| Cash Requirements from Start-up | $1,250 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $1,250 |
| Total Assets | $3,650 |
| 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 | $3,250 |
| Private Investor | $1,650 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $4,900 |
| Loss at Start-up (Start-up Expenses) | ($1,250) |
| Total Capital | $3,650 |
| Total Capital and Liabilities | $3,650 |
| Total Funding | $4,900 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $300 |
| Stationery etc. | $150 |
| Brochures | $200 |
| Consultants | $0 |
| Insurance | $0 |
| Rent | $0 |
| Research and development | $100 |
| Expensed equipment | $500 |
| Other | $0 |
| Total Start-up Expenses | $1,250 |
| Start-up Assets | |
| Cash Required | $1,250 |
| Other Current Assets | $400 |
| Long-term Assets | $2,000 |
| Total Assets | $3,650 |
| Total Requirements | $4,900 |