1. The Essay for the Green Pal’s scholarship for Tomorrow's Entrepreneur.
The Business Plan Start Up Draft:
Th e Gr ee n Pal ’ s Sc ho la rs hi p for T omo rro w’ s
Ent re pr en eu r
Contents:
• Actual Essay that was submitted
• The draft of business plan start up
The Essay
There anyone could recall the 2007 Real Estate Recession Fall began with
the bursting of an 8 trillion dollar housing bubble. The resulting loss of
wealth led to sharp cutbacks in consumer spending. This loss of
consumption, combined with the financial market chaos triggered by the
bursting of the bubble, also led to a collapse in business investment. In 2008
and 2009, the U.S. labor market lost 8.4 million jobs, or 6.1% of all payroll
employment. This was the most dramatic employment contraction (by far) of
any recession since the Great Depression. By comparison, in the deep
recession that began in 1981, job loss was 3.1%, or only about half as severe.
Even after the economy stopped contracting in the summer of 2009, its
growth has not been nearly strong enough to create the jobs needed simply
to keep pace with normal population growth, let alone put back to work the
backlog of workers who lost their jobs during the collapse, which everywhere
in the United States as many families were forced into foreclosure. They have
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Allen Green
Western Nevada College
8/2/2015

2. lost their jobs and were unable keep up their payments and were forced out
on the streets. This was the idea inspiration of me to try to come up with a
business plan which being the principle objective of assisting these families
in need by providing them with a means of them finally having a place to call
their own and not have to worry about making any payments in the future.
My ideal plan started with noticing all the run down, abandoned houses
that just sat to deteriorate all about the United States. There thinking of the
possibility of buying up all these abandoned housing and real estate, in which
giving me the footing of a business. So here’s these houses being abandoned,
there I would go about and reclaiming and restoring these houses back to
working and living standards. There were various phases to this plan.
Phase One beginning with the purchase of the property, evaluate an initial
working plan of the project, to gut out the entire interior as the walls,
electrical and plumbing along with gutting out the exterior siding and
roofing. Upgrading all the plumbing and electrical appliances (the finish
phase). Of phase one would also give the choice of build design of:
traditional “wood” frame, reclaimed/recyclable building materials or metal
fabrication framing.
Phase Two as being the remodeling in two parts of exterior and interior, I
would have the idea of the exterior of trying keep exterior similar look and
appeal of what it was like when it was first built, as of the interior being
customized to what the prospect able client wanted in it as the wall finish and
all the appliances were then be of today’s standards.
Phase Three being of the energy conservation, which the concept was
intended of these houses would be supported and built to be off the main
power grid as like being self-sufficient supported with the means of solar and
wind generated power and well water supplied. There of the possibility of all
electrical being supported as so.
Phase Four being the final as the “certificate of occupancy and
ownership” to the concept of the business would carry first half of the cost of
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3. the house then present the family with a plan of monthly rent towards own of
the house free and clear from any major financial institutions.
Finally, here this would serve a double purpose being cleaning and
reclaiming all the abandoned real estate “eye sores” around the country as
well as giving needing families a means of having a place to call home and
own it.
The Startup Plan (Rough Draft)
One-Time Start-Up Costs
1.
Purchase price or down payment if buying a
business
0
2. Computer hardware and software 10900
3. Business cards and stationery 500
4. Setup, installation and consulting fees 17825
5. Starting inventory, raw materials, tools, etc 31500
6. Legal and other professional fees (15%) 34500
7. Business licenses and permits (15%) 34500
8. . Advertising and promotion for opening 1500
9. Operating Cash 9545
10. Other (15%) 6750
Ongoing Monthly Expenses
17.
Salary of owner-manager (amount you need to
pay yourself) (20%)
0
18. All other salaries, wages, & commissions (10%) 0
19. Payroll taxes or self-employment tax (15%) 0
21. Equipment lease payments (30%) 0
22. Advertising (print, broadcast and Internet) 0
24. Supplies (inks, toners, labels, paper goods, etc.) 0
25. Telephone 0
26. Utilities 0
27. Internet connection 0
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4. 28. Website hosting and maintenance 0
29. General business insurance (30%) 0
30. Business vehicle insurance 0
31. Health insurance (25%) 0
32. Interest & principal on loans & credit cards (35%) 87500
33. Inventory, raw materials, parts 43750
34. Legal and other professional fees (10%) 1250
Total 45,5320.96
Calculate Total Start-up Funds (20696.40)
37.
Estimate the number of months needed to find
customers and get established
22 months/
Note: The various categories with (# %) that is basically
rough figure of calculated tax included.
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