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Creative Concepts Computer Design
Creative Concepts will initially be a sole proprietorship.
The goal will be to start the venture as inexpensively as possible, with minimal outside financing.
Creative Concepts will be a home office start-up, utilizing one studio room in the owner’s home.
2.1 Company Ownership
Creative Concepts will be initially owned by Bram Ekstrand as a sole proprietorship. Possibly later adding additional employees and expanding operations as well as clientele.
2.2 Start-up Summary
Total start-up expenses are modest. This is composed of mostly equipment costs along with a few dollars for research of consumer wants and desires and a few pads of stationary. Exact allocations are shown on the table. Since this is a service business and not product oriented, operational costs should remain low through the start-up process.
|Research and development||$20|
|Total Start-up Expenses||$720|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$720|
|Start-up Assets to Fund||$280|
|Total Funding Required||$1,000|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$280|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$280|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$1,000|
|Loss at Start-up (Start-up Expenses)||($720)|
|Total Capital and Liabilities||$280|