kabree allen october, 1,2010 made with love 1. my business is here to help people show they care for...
TRANSCRIPT
Kabree Allen
October, 1,2010
Made With Love1
• My business is here to help people show they care for others and to express there inter self.
My business is a business that will satisfy consumer needs for those who are willing to give the support that this business may need.
• The mission statement of Made With Love is to give you that filling that you are loved.
Business Profile2
Qualifications (Chapter 4)
• creative
• colorful
• made with you in mind
3
Legal Structure chapter 25
I will be the one and only owner/ employee. I receives all the profits from the business, but also suffers all losses and bear all the risk.
Sole proprietorship
4
Economics of One Unit chapter
9
Definition of One Unit Jewelry
Selling Price per Unit $ 3.00
Direct Labor per Unit $ .50
Materials per Unit $ .75
Total COGS Per Unit $ 1.20
Other Variable Costs $ .50
Total Variable Costs $ 1.70
Gross Profit Per Unit $1.30
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Cost of Materials/Direct Labor Chapter 2
Definition of One Unit:Direct labor
(wage per hour) Time (in hours) to make one unit
Direct labor cost per unit
$ 1.00 2 hours $2.00
TOTAL $ 2.00
Material Description Cost /Quantity Cost per Unit ($)
beads 20 lb 4.00
string 20 lb 5.50
handcreats 20 lb 3.50
TOTAL $ 13.00
TOTAL MATERIALS/DIRECT LABOR $ 15.00
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Competition Chapter 8
Competitive Advantage Chapter 8
• handmade
• full of color
Competitor Price Quality Compared to my business
Helen $2.50 good About the same Claire’s $4.00 good A little better
ices $6.00 great Better
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Consumer & Market Analysis chapter 18Consumer Analysis:
Market Segment:
Target Customer: Young people who crave to express there inter beauty
Market Analysis:Location: School
Population: 100
Income: $35.00
Behavior: Well handled
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Marketing Mix & Plan chapter 10 & 18
Price: 3.00Place: schoolProduct: JewelryPromotion: Cards, Flyers, Treats
Method Description Target Consumer( age, gender, location)
Cost
Pass out cards
With my name, and business profile
13, girls, school 1.50
flyers Picture of me and items
14, girl, school 1.50
treats Full of sugar All ages, all gender, school
1.50
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Philanthropy Plan chapter 10
I believe that everyone have a stylish side and it dying to let it show.
I will share my stylish tips that I have learn over the years with people who has the passion of my unique.
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Average Monthly Fixed Costs chapter 9
Type of Fixed Cost Monthly Cost
Entrepreneurial Stipend [hours x (minimum wage + $1]
$
Advertising example: utilities, salaries, advertising, etc $$5.50
[enter fixed cost] $
[enter fixed cost] $
[enter fixed cost] $
TOTAL Fixed Costs $
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Monthly Sales Projections Chapter 13Month Units Sold
January 13
February 17
March 15
April 15
May 15
June
July
August
September
October
November
DecemberTotal =
0
10
20
30
40
50
60
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Units sold
(Double click on chart to add information)
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Projected Yearly Income Statement chapter 13
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Selling Price Per Unit $ (A)
# of Units Sold (B)
Total Sales (A*B) $ (C)
Less Variable Costs
Total COGS (COGS per unit * B) $ (D)
Other Variable Costs (Other variable costs per unit * B $ (E)
Total Variable Costs (D+E) $ (F)
Gross Profit (C-F) $ (G)
Less Fixed Costs
USAIIRD (Yearly) $
Other Costs/Unforeseen $
Total Fixed Costs $ (H)
Profit before Taxes (G-H) $ (I)
Less Estimated Taxes @25% (I * .25) $ (J)
Net Profit (I-J) $
Start-up Investment chapter 14
Entrepreneurial hours needed for start-up (A)
Wage I pay myself (B)
Total start-up time investment (A*B)
$ $
Item Where I will buy this? Cost of Item
$
$
$
$
CASH RESERVE covering 3 months of fixed costs $
Estimated TOTAL START-UP INVESTMENT $
14
Financing Strategy for Total Start-up Investment chapter 14
Source Amount
Personal Savings [ How will you save?] $
Relatives/Friends $
Investor [Who is it?] $
Grant [From Whom?] $
Total: $
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Return On Investment Chapter 14
Return on Investment (ROI)chapter 3
Yearly Net Profit ÷ Start-up Investment X 100 %
For every $1 dollar invested,
my business earned :$
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$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
ROI
Original $1invested inbusiness
Amount of $gained/lossed byoriginal dollarinvested
Return On Sales chapter 14
Return on Sales (ROS)
Yearly Net Profit ÷ Total Sales X 100 %
For every $1 dollar of sales,
my business earned :$
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
ROS
$1 of sales
Amount of $gained/lossed bysales
(Double click on chart to add information)
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Financial Ratio Analysis chapter 14
Monthly Break-Even Units chapter 20
Monthly Fixed Costs/Gross Profit Per Unit
Start Up Investment DoublingYears for my start-up investment to double in value (Start-up Investment ÷ Net Profit) X 2
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Business & Educational Goals
Business- [enter short term goal]
- [enter long term goal]
• Educational - [enter short term goal]
- [enter long term goal]
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Time Management Plan
Business schedule for a typical week
Entrepreneurship Hours: [enter hours] School Hours: [enter hours] Work Hours: [enter hours] Free-Time Hours: [enter hours]
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I believe that everyone have a stylish side and it dying to let it show.
Thank you for your consideration of[Enter company
name]
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