[Entrepreneur’s name] [Date] [Business Name] © 2004-2011 The Young Entrepreneurs Academy, Inc.,...
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Transcript of [Entrepreneur’s name] [Date] [Business Name] © 2004-2011 The Young Entrepreneurs Academy, Inc.,...
[Entrepreneur’s name]
[Date]
[Business Name]
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Business Profile
• My Business Idea
• Type of Business (Choose one: Service, Retail, Manufacturing)
• Legal Structure (Choose one: Sole Proprietorship, Partnership, S Corporation, C Corporation, Non Profit)
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Business Goals
• Business
- (enter short term goal)
- (enter long term goal)
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Competition
Competitor Price/Location/Quality
Competitive Advantage• [List 2 reasons why customers will purchase your product or service over your competitor’s.]
•
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Market Analysis
[Describe your target market below]
• [By location]
• [By population]
• [By personality]
• [By behavior]
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Marketing Plan1. [Enter Price] 2. [Enter Place]3. [Enter Product]4. [Enter Promotion plan]-how will you
market? What will you use?5. [Enter Target consumer- consumer
profile]
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Economics of One Unit
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Item Description Cost/qty Cost per Unit ($)
TOTAL $0.00
Monthly Sales Projection
Month Units Sold Month Units Sold
January July
February August
March September
April October
May November
June December
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Cost of Supplies
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Selling Price Per UnitLabor Cost per Unit (in wages/hours) $0.00How long (hours) to make one unit 0Labor Cost per Unit $0.00Cost of Supplies for one unit $0.00Total COGS $0.00Gross Profit Per Unit $0.00
Average Monthly Operating Costs
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Type of Operating Cost Monthly Cost(enter fixed cost) $0.00(enter fixed cost) $0.00(enter fixed cost)(enter fixed cost)(enter variable cost)(enter variable cost)Total Fixed Costs $0.00Total Variable Costs * $0.00Total Operating Costs $0.00
Projected Monthly Projected Yearly Income Statement Income Statement
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
Units Sold 0 Units Sold 0
Selling Price per Unit $0.00 Selling Price per Unit $0.00
Total Sales $0.00 Total Sales $0.00
COGS per unit $0.00 COGS per unit $0.00
Total COGS $0.00 Total COGS $0.00
Gross Profit $0.00 Gross Profit $0.00
Fixed Costs $0.00 Fixed Costs $0.00
Variable Costs $0.00 Variable Costs $0.00
Total Operating Costs $0.00 Total Operating Costs $0.00
Profit before Taxes $0.00 Profit before Taxes $0.00
Estimated taxes @ 25% $0.00 Estimated Taxes at 25% $0.00
Net Profit $0.00 Net Profit $0.00
Start-up Investment
Estimated TOTAL START-UP INVESTMENT: $ (total)
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved
ItemWhere I will buy this? Cost of Item
$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Total $0.00
Financing Strategy for Total Start-up Investment
Source Amount Equity(investment)
Debt (loan)
Gift
Personal Savings $
Relative/Friend $
Investor $
Grant $
Total: $
OPTIONAL (“x” in boxes identifying offering)
© 2004-2011 The Young Entrepreneurs Academy, Inc., University of Rochester All Rights Reserved