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Business Plan Executive Summary

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READY Associates is a new kind of local business services firm positioned at the forefront of the rise of the gig economy. Perhaps one of the most known aspects of this new economic dynamic is the rise of many new online freelance marketplaces. We are focused on connecting people locally, something we think will prove to be another huge component of this shift in the way people work in the future.

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Business Plan Executive Summary

  1. 1. READY Associates Let our talented & experienced, locally-based associates complete your business gig or project. Use us only when you need our help. Short-term or long-term. One-time or repetitive. Sales, Marketing & Operations. Just tell us what you need done. We're READY! George Arbogust, Founder 2115 Claremont Ave. Ste. 200 Norfolk VA 23507 george@readyassociates.com (757) 447-0638
  2. 2. EXECUTIVE SUMMARY READY Associates is a new kind of local business services firm positioned at the forefront of  the rise of the gig economy. Perhaps one of the most known aspects of this new economic dynamic is the rise of many new online freelance marketplaces. We are focused on connecting people locally, something we think will prove to be another huge component of this shift in the way people work in the future. Specifically, we want to match: • Local businesses who need flexible hiring options or want to "rent" specialized skill sets • Local professionals who want legitimate, flexible work options Alternative work arrangements like gigs, freelance, contingent & contract work represent a growing dynamic in the economy of the U.S. and new reality for many American workers, and according to new research:
 
 • More than 15% of the US labor market is now made up of “alternative” work and still growing
 • This type of work collectively represents 80% or more of net new job growth since 2005 The success of online freelance marketplaces such as Fiverr and Upwork attest to rapid growth in business’ demand to “rent” specialized skill sets in flexible and temporary ways. And even big-time players like LinkedIn and Amazon have joined the freelance and gig fray.  Hampton Roads, Virginia is a prime place to start this type of business due to the amazing the amount of talented, professional people looking for non-traditional work opportunities. READY Associates’ pool of potential talent is made up of military spouses, entrepreneurs, artists, semi-retirees and graduate students from around the region. 
 The personal touch inherent in working with local people and the challenges that arise from remote workers will continue to make local options viable and attractive to business seeking to hire on contract and gig basis. Since other local options have been slow to adopt to the changing dynamics underlying the rise of the gig economy, READY Associates is poised to lead the way going forward by delivering the variety of skills and fast-paced mentality found in online marketplaces. And combine it with the personal touch and onsite availability of local options. Learn more at www.ReadyAssociates.com and our accounts on Facebook, Twitter & LinkedIn
 READY Associates
  3. 3. Financial Projections and Key Operating Metrics Three year pro-forma financial projection anticipates steady growth in: sales of contracted business services; job placement services; FTE metrics; and hourly rates paid to contracted Associates. READY Associates Pro Forma Income Statement 2016 2017 2018 2019 Income Sale of Business Services $2,000 $40,000 $168,000 $352,000 Sale of Job Placement Services $0 $2,000 $33,600 $140,800 Gross Profit $2,000 $42,000 $201,600 $492,800 Expenses Contractor Payments $1,500 $30,000 $126,000 $264,000 SG&A $2,000 $6,000 $16,800 $35,200 Operations $1,000 $6,000 $16,800 $35,200 Salaries $0 $0 $42,000 $100,000 Total Expense $4,500 $42,000 $201,600 $434,400 Net Income -$2,500 $0 $0 $58,400 Key Operating & Employment Metrics 2016 2017 2018 2019 Billable Contractor Hours Growth Rate - 2000% 400% 200% Total Billable Contractor Hours 100 2,000 8,000 16,000 Avg. Billable Cost /hr. $20 $20 $21 $22 Full-time Equivalent (Contractors) 0.0481 0.96 3.85 7.69 Avg. Contractor Payment /hr. $15.00 $15.00 $15.75 $16.50 Full-time Equivalent (Employees) 0.00 0.00 0.96 2.19 Avg. Employee Wage /hr. $20.00 $20.00 $21.00 $22.00

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