BUSINESS PLAN - NEDC



BUSINESS PLAN WORKBOOKProvided to you courtesy of: Contact Name: FORMTEXT ?????Position: FORMTEXT ?????Main Phone: FORMTEXT ?????Secondary Phone: FORMTEXT ?????E-mail: FORMTEXT ?????Mailing Address FORMTEXT ????? FORMTEXT ?????Physical Address FORMTEXT ????? FORMTEXT ?????Prepared by: FORMTEXT ?????Date FORMTEXT ?????*Please revise date each time plan is updated*7563 Pacific Rim HighwayPort Alberni, B.C. V9Y 8Y5(250) 724-3131 or 1-866-444-NEDC (6332)Fax: (250) 724-9967nedc@NEDC1984Table of Contents TOC \o "1-2" \h \z \u 1.0OVERVIEW PAGEREF _Toc485627134 \h 1What is a Business Plan? PAGEREF _Toc485627135 \h 1About this workbook PAGEREF _Toc485627136 \h 12.0DESCRIPTION OF THE BUSINESS PAGEREF _Toc485627137 \h 2History of the business: PAGEREF _Toc485627138 \h 2Description of the business PAGEREF _Toc485627139 \h 23.0OWNERSHIP & MANAGEMENT PAGEREF _Toc485627140 \h 3Ownership PAGEREF _Toc485627141 \h 3Management PAGEREF _Toc485627142 \h 34.0INDUSTRY & MARKET OVERVIEW PAGEREF _Toc485627143 \h 5Industry & Competition PAGEREF _Toc485627144 \h 5Market PAGEREF _Toc485627145 \h 95.0MARKETING PLAN PAGEREF _Toc485627146 \h 10Product/Service PAGEREF _Toc485627147 \h 10Place PAGEREF _Toc485627148 \h 10Price PAGEREF _Toc485627149 \h 11Advertising & Promotion PAGEREF _Toc485627150 \h 116.0OPERATING PLAN PAGEREF _Toc485627151 \h 137.0IMPLEMENTATION PLAN PAGEREF _Toc485627152 \h 158.0Start-Up/Acquisition/Expansion Budget PAGEREF _Toc485627153 \h 169.0PROJECT COST PAGEREF _Toc485627154 \h 1910.0FINANCIAL PROJECTIONS PAGEREF _Toc485627155 \h 20Revenue/Sales Projections PAGEREF _Toc485627156 \h 2011.0SUPPORTING DOCUMENTS PAGEREF _Toc485627157 \h 22OVERVIEWPlanning is the most important task that needs to be undertaken prior to establishing or expanding a business.What is a Business Plan?About this workbook If help is required in completing this questionnaire, please contact NEDC.DESCRIPTION OF THE BUSINESSName of Business: FORMTEXT ?????Structure of Business:Sole Proprietorship FORMCHECKBOX Partnership FORMCHECKBOX Incorporated FORMCHECKBOX Joint-venture FORMCHECKBOX Other FORMCHECKBOX FORMTEXT _____* attach documentation: Incorporation documents, partnership /joint venture agreement, etc.*Type of projectBusiness Startup FORMCHECKBOX Business Expansion FORMCHECKBOX Business Acquisition FORMCHECKBOX History of the business: FORMTEXT Is this a hobby you are turning into a business? Is this a business you started? How long ago? Did someone else own it before you? Is this a new business? etc. *If purchasing an existing business, explain how old the business is, why the owner is selling it, how long has it been in operation, how you arrived at a purchase price, and what the trend of sales has been. FORMTEXT ?????Description of the businessWhat kind of business is it? FORMTEXT ?????Basic description of product or service offering: FORMTEXT ?????When do you plan to start, purchase, or expand your business? FORMTEXT ?????What are some of the potential risks and problems associated with your type of business? FORMTEXT ?????How do you intend to resolve or minimize these? FORMTEXT ?????Other relevant information that describes your business and its product or service: FORMTEXT ?????OWNERSHIP & MANAGEMENTOwnershipName of Owner% of ownershipYouth 35 years & under:Date of Birth (D/M/Y) FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Will the owners manage the business? FORMCHECKBOX Yes FORMCHECKBOX NoIf not, please explain how the owners will be involved in the business: FORMTEXT _____________________________________________________ManagementManagement name: Please attach each manager’s resume/CV. FORMTEXT ?????Summarize management’s credentials to manage this business: FORMTEXT ?????How much will management be paid? FORMTEXT ?????How will management be paid? FORMTEXT ?????What are the strengths AND weaknesses of each manager? Experience in the industry and in this type of business (in an operational, supervisory, management and ownership position)Strengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????Marketing (pricing, selling, promotions, customer service/management, product development, packaging, etc.)Strengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????Financial experience (do you understand bookkeeping, financial statements, financial management, taxation requirements and laws)Strengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????Human resource management (hiring, firing, understanding of employment laws)Strengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????Administration (decision making, reading/signing legal documents, reporting, etc.) Strengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????And any other skills that may be relevantStrengths FORMTEXT ?????Weaknesses FORMTEXT ?????Mitigate weaknesses: FORMTEXT ?????INDUSTRY & MARKET OVERVIEWIndustry & CompetitionWhat is the North American Industry Classification System (NAICS) code for your business? FORMTEXT ????? Please give a description of your industry? FORMTEXT ?????What trends are currently happening in this industry? FORMTEXT ?????What affects the growth or decline in your industry? (ie; Canadian dollar, income levels, environment or health conditions, technology breakthroughs, etc.) FORMTEXT ?????Direct competitors: (companies serving the same customers and providing similar benefits ie; Seattle’s Best Coffee Co. directly competes with Starbucks Coffee Co.) Describe the rivalry among existing competitors: FORMTEXT ?????Cooperative FORMCHECKBOX 1 FORMCHECKBOX 2 FORMCHECKBOX 3 FORMCHECKBOX 4 FORMCHECKBOX 5FierceIndirect competitors: other companies in the product category and other products satisfying the same needs/problems ie; other beverage co.’s (like Orange Julius, soda, tea, water) are indirect competition to coffee co.’s because they fulfill a person’s thirst needTell us about your indirect competition (substitutes): FORMTEXT ?????Very few substitutes that cost a lot more FORMCHECKBOX 1 FORMCHECKBOX 2 FORMCHECKBOX 3 FORMCHECKBOX 4 FORMCHECKBOX 5Lots of substitutes available at a competitive priceFrequency of new business start-ups: FORMTEXT ?????New business start-ups are extremely rare FORMCHECKBOX 1 FORMCHECKBOX 2 FORMCHECKBOX 3 FORMCHECKBOX 4 FORMCHECKBOX 5New businesses start all the timeWhat are the barriers to entry in the industry? (Costs incurred to compete or things that make it challenging to start this kind of business) FORMTEXT ie; certification, copyrights, high R&D/marketing/production costs, equipment, licensing, etc. ______________________________________________________________________________________________________________________All businesses have to abide by government regulations. Describe regulations you have to consider: (bcbizpal.ca is a great resource for this step)City/Band*don’t forget your business license or Band Council Resolution FORMTEXT ?????My location is zoned: FORMTEXT ?????Zoning by-laws that concern my business: FORMTEXT ?????If your business is on-reserve do you have a Band Council Resolution (BCR) in support of your business? FORMCHECKBOX Yes FORMCHECKBOX No If your business is on treaty lands, please explain the process of attaining a business license for your business: FORMTEXT ?????Provincial: Ministry of Small Business and Revenue (PST?), Employment Standards Branch, Worksafe BC, Ministry of Public Safety and Solicitor, Liquor Control and Licensing Branch General, Liquor Distribution Branch FORMTEXT ????? Federal: Corporate Registry, Canada Transport, Environment Canada, Ministry of Health, Health Canada, Canada Coast Guard, Canadian Revenue Agency (GST/HST, yes taxes), Corporations Canada FORMTEXT ????? What steps have or will you be taking to comply with the laws and regulations that apply to your industry? FORMTEXT ?????What environmental issues are there related to this business (land or building issues, manufacturing process, waste disposal, etc.)? FORMTEXT ?????How do you intend to resolve or minimize these? FORMTEXT ?????Which industry organizations are or will you be a member? FORMTEXT ?????Your BIZ hereTell us about the suppliers for your business: FORMTEXT ?????Many suppliers, few buyers FORMCHECKBOX 1 FORMCHECKBOX 2 FORMCHECKBOX 3 FORMCHECKBOX 4 FORMCHECKBOX 5Few suppliers, many buyersChoose your main three competitors, describe them and compare them to your business.Importance to Customer (rank: 1=high)Benefit/ Attribute/FeatureCompetitor FORMTEXT ?????Competitor FORMTEXT ?????Competitor FORMTEXT ?????My Business2I.E.: InnovationWaits and adopts tech 2 – 3 yrs laterHas been the same for yearsHas updated some things but most is outdatedStrives for continuous improvement FORMDROPDOWN FORMTEXT Products FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Price FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Quality FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Selection FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Service FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Reliability FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Advertising FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Expertise FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Company Reputation FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Location FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Appearance FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Sales Method FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT Credit Policies FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????What advantage do you have over your competitors (what makes your product/service different/better)? FORMTEXT ?????How do you plan to obtain a share of the market? FORMTEXT ?????MarketThe more you understand your customers, the better your chances of success!Tell us about the buyers for your product or service (customers) compared with who is serving them (sellers): FORMTEXT ?????Many customers, few sellers FORMCHECKBOX 1 FORMCHECKBOX 2 FORMCHECKBOX 3 FORMCHECKBOX 4 FORMCHECKBOX 5Few customers, many sellersWhere is your target market (customers you are trying to attract)? Describe. FORMCHECKBOX Local: FORMTEXT ????? FORMCHECKBOX Regional: FORMTEXT ????? FORMCHECKBOX National: FORMTEXT ????? FORMCHECKBOX International: FORMTEXT ?????Who will be your typical customer? (i.e. Individuals or businesses, computer literacy, age group, sex, etc.) FORMTEXT ?????What characteristics do your customers display? ie; social class, lifestyle, buying habits, income, etc. FORMTEXT ?????How many customers will you have? (Many customers that buy few or a few customers that buy many) FORMTEXT ?????Have you done any research to see if people are interested in purchasing your product/service? If so, summarize and attach result. FORMCHECKBOX Yes FORMCHECKBOX NoHow can you expand your market? FORMTEXT ?????If doing contract work, comment on contracts you have secured to date or are working: FORMTEXT ?????MARKETING PLANProduct/ServiceWhat “need” or “problem” does your product or service fulfill? FORMTEXT ?????List products and services you offer in the table below. *If you require more space, please attach a separate sheet with the info.Product/Service offeredPrice (to customers)Cost(to your business)Description FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????What is your mark-up? FORMTEXT ????? Profit margin? FORMTEXT ?????PlacePhysical address of the business: FORMTEXT ?????Describe the location of the business? FORMTEXT ?????Why did you choose this location? FORMTEXT ?????How much will this location cost per month? FORMTEXT ?????What business activities will happen at this location? FORMTEXT ?????Where does the customer receive their product or service? FORMTEXT ?????Do you deliver the product or service to this location? FORMTEXT ?????If not, how does your product or service get to the customers location? FORMTEXT ?????PriceWhat price are your competitors charging for their product or service? The price ranges from: FORMTEXT ????? to FORMTEXT ????? with the three closest competitors charging as follows:Competitor: FORMTEXT _____________________Price: FORMTEXT ?????Competitor: FORMTEXT _____________________Price: FORMTEXT ?????Competitor: FORMTEXT _____________________Price: FORMTEXT ?????How did you calculate the price for your product or service? FORMTEXT ?????How much are your customers willing to pay for your product/service? FORMTEXT ?????Is your price within this range? FORMCHECKBOX Yes FORMCHECKBOX NoAdvertising & PromotionDescribe how you will attract your customers? FORMTEXT ?????How will you keep your customers? FORMTEXT ?????How have you promoted your business to date? FORMTEXT ?????Type of advertising you will use in the future:Type Cost*Requesting funding for cost? (select)When will you incur cost?Description & indicate if you are funding for the itemBusiness Cards FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Direct Mail FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Flyers FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Magazine FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Newspaper FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Packaging FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Radio FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Sign FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Website FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Yellow Pages FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Social Media FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Other FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????*Attach documentation that shows the cost of the advertising media you have chosenWhat other promotional efforts will you do and why? (i.e. discounts, samples, etc.) FORMTEXT ?????Describe working relationships with other businesses relevant to your business (other businesses that will support you) FORMTEXT ?????What key factors will you focus on to make your business a success? FORMTEXT ?????Identify and explain any professional help you need to market your business. FORMTEXT ?????OPERATING PLANHours of the day your business will operate: (Days and times) FORMTEXT ?????Months of operation FORMTEXT ?????Describe how your product or service be made or delivered – be descriptive! FORMTEXT ?????When will you be able to start producing your product or service? FORMTEXT ?????How will you keep track of inventory? computerized - excel, etc. manual - quarterly/annual counts, etc FORMTEXT ?????How long does it take for you to make one of your products? If you are a service, how long does it take for you from start to finish? FORMTEXT ?????What problems could occur in the production process or during delivery of service? FORMTEXT ?????How will you deal with them? FORMTEXT ?????Describe any special requirements your business has, such as water or power needs, ventilation, drainage, etc. FORMTEXT ?????What have you done to secure the necessary permissions, such as zoning approvals? FORMTEXT ?????What quality control measures will you have? FORMTEXT ?????Describe any product testing, price testing, or prototype testing that you have done on your product or service FORMTEXT ?????Where are you going to get the materials you need to produce your product or service? FORMTEXT ?????Describe any terms, prices and/or condition you have negotiated with your suppliers. FORMTEXT ?????What alternative arrangements have you made or will make if these suppliers let you down? FORMTEXT ?????IMPLEMENTATION PLANOutline the necessary steps that will be required to implement your business plan including start and end dates (or allocated time) and who will be responsible for ensuring completion:Task/ObjectivePerson ResponsibleStart dateEnd dateIe; Purchase EquipmentOwner AJan. 1, 08Jan 17, 08 Get biz name & licenseOwner A Jan. 1, 08Feb. 1, 08 FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Who will be responsible for ensuring that these tasks/objectives are completed as outlined above? FORMTEXT i.e. supervisor's or managers name __________________________________________________________Start-Up/Acquisition/Expansion BudgetAttach separate sheet(s) if necessaryWhat are you contribution to your project? *Including land, buildings, inventory, furniture, equipment and vehicles and their worth. Estimated ValuePurpose/Description FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????TOTAL FORMTEXT ?????What do you need to start/acquire/expand your business, how many required, cost? *ATTACH QUOTES. Use a separate sheet, if more room is requiredEquipment# requiredCost per UnitTotal CostRequesting fundingSupplier FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ?????Total Cost FORMTEXT ?????Inventory Item or Raw Materials# requiredCost per ItemTotal CostRequesting funding for cost?Supplier FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ?????Total Cost FORMTEXT ????? How long do you expect the inventory/raw material to last? Supplies or Materials# requiredCost per ItemTotal CostRequesting funding for cost?Supplier FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ?????Total Cost FORMTEXT ????? Utilities/phoneHook up Fee# of months requesting assistanceMonthly costTotal Cost FORMTEXT Business line FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT cell phone FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT internet FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Total Cost FORMTEXT ?????Lease/RentDepositMonthly costRequesting funding for cost? (select)# of months requesting assistanceTotal Cost FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????What professional services will you require to start/acquire/expand your business? *ATTACH QUOTES. Use a separate sheet, if neededPositionCostService ProviderContact info: FORMTEXT Accountant FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Lawyer FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Insurance FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Total Cost FORMTEXT ?????What additional staff, other than the positions outlined in Section 3.0 Ownership and Management and your bookkeeper, are required?**Attach a position description for each position describing the duties, skill requirements, training plans, hours, wages and benefits. Attach a separate sheet if more room is required.PositionFull or Part time or seasonalEstimated Hours per weekHourly wageTotal monthly cost FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Total Monthly Cost FORMTEXT ?????**If your staff wages vary month by month, please show how you estimated your monthly staffing cost.Who will do the bookkeeping: FORMTEXT ?????Describe their bookkeeping experience and qualifications: FORMTEXT ?????How much will your bookkeeper be paid? FORMTEXT ?????PROJECT COST To determine the project costs of your business, total the prices of everything you require for your project from your startup costs above, quotes and pricelists.Use of Funds - Total Project Cost (Funds Required for):CapitalOperating/MarketingLand$ FORMTEXT ?????Insurance$ FORMTEXT ?????Building$ FORMTEXT ?????Legal$ FORMTEXT ?????Equipment$ FORMTEXT ?????Fees$ FORMTEXT ?????Inventory$ FORMTEXT ?????Advertising$ FORMTEXT ?????Materials/Supplies$ FORMTEXT ?????Utilities$ FORMTEXT ?????Other: FORMTEXT ?????$ FORMTEXT ?????Other: FORMTEXT ?????$ FORMTEXT ?????TOTAL PROJECT COSTS (TOTAL PROJECT):$ FORMTEXT ?????Sources of FundsEquity:Available CASH you will be investing (YOUR CASH)$ FORMTEXT ?????Loans & Contributions:Other funding sources that will be accessed (OTHER FUNDS)Estimated amount FORMTEXT ?????$ FORMTEXT ?????Amount you are requesting from NEDC? (NEDC FUNDS)$ FORMTEXT ????? FINANCIAL PROJECTIONS Revenue/Sales ProjectionsBreak-even Sales: What is your break-even level of sales? FORMTEXT ?????*see Worksheet 6.6 - Break-even sales worksheet in the “Getting Started” workbook (pages 86 & 87) if you still need to calculate your breakeven sales.Annual SalesWhat are your anticipated annual sales per year (allowing for seasonal fluctuations)? Month# of items soldMonthly sales $ FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ????? FORMDROPDOWN FORMTEXT ????? FORMTEXT ?????Total Annual Sales FORMTEXT ????? FORMTEXT ?????List any assumptions you made to create your projections or attach and label working papers “Sales projections working paper”. FORMTEXT ?????Cash Flow ProjectionsPlease transfer the monthly sales to your Cash Flow projections (this is a separate sheet included in your package and also available on the NEDC Website (). **All plans must include a cash flow projection.**Income Statement ProjectionsComplete the following income statement using your sales and cash flow projections. The table is a guideline and may not be completely compatible with your business. Feel free to change/add/delete to suit your business. Annual expenses can be calculated at estimated monthly cost X 12.INCOME STATEMENT PROJECTIONSYear1Year2Year3Revenues Product Sales FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Services FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Other Revenue FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Miscellaneous FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Total Revenue (A) FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Expenses (variable or direct costs) FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Fuel FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Materials FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Commissions FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Purchases FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Subtotal Direct Costs (B) FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Expenses (Fixed costs) FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Accounting & legal FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Bank Charges FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Advertising FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Loan interest FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Office and general FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Depreciation / Amortization FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Licenses and fees FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Repairs & Maintenance FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Insurance FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Freight FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Utilities FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Telephone FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Rent FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Management Wages FORMTEXT ????? FORMTEXT ????? FORMTEXT ????? FORMTEXT Wages and benefits FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Subtotal Adm. & General (C) FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????Net Income before taxes:(Revenue–Expenses = A – (B + C)) FORMTEXT ????? FORMTEXT ????? FORMTEXT ?????**For an existing business, please provide financial statements for the last 3 years. SUPPORTING DOCUMENTSAttach the following documents (if applicable): FORMCHECKBOX Market Research documents & sources outlined FORMCHECKBOX Relevant Photos or maps FORMCHECKBOX List of Equipment to be purchased with price and totals FORMCHECKBOX Estimates or Quotations for purchase of Equipment FORMCHECKBOX Applicable Purchase Agreements FORMCHECKBOX Insurance Quote FORMCHECKBOX Rental or Lease Agreement of Location FORMCHECKBOX Permission from Landlord to operate home-based business FORMCHECKBOX Letters of Support FORMCHECKBOX Contracts secured FORMCHECKBOX Resumes for Owners and Key Personnel FORMCHECKBOX Proof of Aboriginal Ancestry (ie. Status card) FORMCHECKBOX Shareholders Agreement or Partnership Agreement FORMCHECKBOX Certificate of Incorporation FORMCHECKBOX Historical Financial Statements (3 years preferably) FORMCHECKBOX Asset List FORMCHECKBOX Evaluation of Used Assets Contributed FORMCHECKBOX Band Council Resolution (if on-reserve business) FORMCHECKBOX Marine Survey (if purchasing a boat)Thank you for taking the time to fill out this workbook!Now contact NEDC: P.O. Box 1384, 7563 Pacific Rim HighwayPort Alberni, B.C. V9Y 7M2(250) 724-3131 or 1-866-444-NEDC (6332)Fax: (250) 724-9967nedc@NEDC1984 ................
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