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Business Plans Handbook, Volume 1: A Compilation of Actual by Kristin Kahrs PDF

By Kristin Kahrs

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If the business growth were to meet the projections contained in this report, then the business would likely be incorporated during its fourth year. Organization Structure FUNDS REQUIRED AND THEIR USES Approximately $6000 of initial funding is required in order to purchase initial computer hardware and software and to establish licensing agreements with several software vendors. Beyond these needs, most initial costs are expected to be met from the cash flow of the business. Current Funding Requirements This funding will be required within the first few months of operation.

Gale Research Inc. 15 ACCOUNTING SYSTEMS CONSULTING Barriers to entry into market Business Plans Handbook Capital costs do not represent a significant barrier to entry in this market, but time requirements to maintain skills and pursue potential clients are high, as with most professional consulting work. Technology is a key component and represents most of the capital costs. Without very current hardware a computer consultant is working at a disadvantage because he or she cannot be as efficient as the competition and is not familiar with what most of his/her clients will be using.

B&B Reservation Services will be an invaluable asset during the start-up months. There are several in Paris Valley which will, for a membership fee and commission on rooms booked, screen guests, handle deposits, and provide some publicity. One of these agencies has submitted a proposal where they will, in addition to providing these services at no charge for six months, also act as consultants and part time innkeepers (see Personnel Section). Reservation Services and Travel Agents Travel Agents are an additional resource that will help attract guests from outside the state.

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