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2012 
Business Plan 
user 
Microsoft 
1/1/2012
Table of Contents 
Executive Summary ...................................................................................................................... 3 
Introduction ................................................................................................................................. 4 
Industry Analysis .......................................................................................................................... 5 
Overview of the Industry ........................................................................................................... 5 
Mapping ............................................................................................................................... 5 
Perceptions........................................................................................................................... 6 
Industry Growth ....................................................................................................................... 6 
Industry Trends......................................................................................................................... 6 
Major Consumers ..................................................................................................................... 7 
Target Market........................................................................................................................... 8 
Competitor Analysis...................................................................................................................... 8 
Competitive Threats ..................................................................................................................... 9 
The Venture ............................................................................................................................... 10 
Product/ Service ..................................................................................................................... 10 
Price ...................................................................................................................................... 10 
Place ...................................................................................................................................... 10 
Promotion .............................................................................................................................. 10 
People.................................................................................................................................... 10 
Process................................................................................................................................... 11 
Physical Evidence .................................................................................................................... 11 
USP ........................................................................................................................................ 11 
Environmental Analysis (PESTEL) ................................................................................................. 11 
Political .................................................................................................................................. 11 
Economic ............................................................................................................................... 11 
Social ..................................................................................................................................... 12 
Technology ............................................................................................................................. 12 
Environmental ........................................................................................................................ 12 
Legal ...................................................................................................................................... 12 
Marketing Plan ........................................................................................................................... 12 
Operational Plan......................................................................................................................... 13 
Financial Analysis and Projection ................................................................................................. 13 
Milestones ................................................................................................................................. 14 
Conclusion ................................................................................................................................. 14
References ................................................................................................................................. 15 
Appendix 1: Detailed Projections ................................................................................................. 16 
Appendix 2: Management Resume .............................................................................................. 25 
Executive Summary 
Main purpose of this assignment was to work at next stage following idea generation. The 
assignment tends to draw on an original idea and create a practical business plan drawing on 
various aspects such as business environment, financial sustainability, legal requirements, 
marketing and operational plans.
In this context, very first step has been taken by conducting a comprehensive industry review. 
While doing this, various sub aspects such as target market, industry growth, industry trends, 
opportunity in the industry have been described in detail. 
Business environment has been scanned with the help of established tools such as PORTER’s 
Five Force Model of Competition and PESTEL Analysis. 
Financial sustainability of the business has been verified by evaluating available startup 
capital against various expenses such as purchasing a food cart, stationary, getting legal 
licenses etc. Breakeven point and profit calculations have been made on a per month basis. 
Finally, a plan to market the service and its operability has been drawn by deploying the 
marketing mix of the service. 
Introduction 
Food carts more closely resemble mobile kitchens that are capable of being set up on the 
street and facilitating street food for pedestrian traffic (Baumol 2012). These food carts are 
extremely common among all major cities and towns and make ample profit as they offer a 
great variety of food at an affordable price (Baumol 2012). In earlier days, the concept of 
food carts brought ugly images of standard grey trucks that sold extremely unhealthy food 
full of calories. This concept however has completely taken a back seat with popular
restaurants and chefs adding these carts to their service menu for added revenue (Baumol 
2012). 
Drawing inspiration from this concept, we got motivated to provide this service within our 
school premises and facilitate food products such as chicken burgers, beef burgers, fish 
burgers, fries, hotdogs and fresh salads. We acknowledged the fact that our biggest 
competitor is the school cafeteria which already has these varieties on board. However, the 
school cafeteria is operational only during certain hours and makes these food items available 
only during its lunch hours. Also, since the cafeteria serves a large population, we have often 
heard negative reviews regarding quality if food served. 
In this context, mission of our organization would be to comply with highest professionalism 
standards by promoting high customer satisfaction. This would be fuelled by our urge for 
constant innovation, providing top quality products and excellent service. 
This mission would be complimented by our vision to be soon widely recognized as a food 
cart that offers quality food and excellent service at an affordable price. We also see 
ourselves as upholding a constant profit margin and being known for our performance. 
Our organization would seek to foster a performance based culture. Since, the organization 
would only have three employees (me along with two other friends) we would 
comprehensively read up on norms of professionalism and customer service. We would also 
rely on our existing knowledge about dealing with individuals. 
Since this is a start-up venture, our first step would be to get licensed. We would need 
certificates from the health department in order to prove that the food we provide is hygienic 
and compliant with health standards. We would also have to overcome parking restrictions 
and avail permissions from our school authorities. Other legal requirements would include 
getting the cart registered with the state department and filling out tax regulations. 
Industry Analysis 
Overview of the Industry 
Mapping 
A database for the number of mobile food handlers was accessed with the help of school 
authorities in order to map the total number of active carts serving customers in the San
Fernando Valley. Drive through coffee carts and other inactive carts were not considered for 
the purpose of mapping. We were unable to determine the precise location for a number of 
carts due to incomplete address information. Mapping with the help of Google Maps revealed 
a total number of 195 stationary and mobile food carts in neighboring areas. 
Perceptions 
Secondary data was collected regarding perceptions of people about these mobile food carts 
with the help of school databases. Data analysis revealed that food carts were considered as 
an economically and commercially viable alternative by pedestrians. Data also revealed that 
these carts promoted livability and economic development in their neighborhoods and thus 
were profitable to the community as a whole. 
Industry Growth 
Last two years collectively have witnessed huge amounts of growth in the Food Cart 
Industry. According to the ‘Intuit Research Report’ 2020, the industry is expected to generate 
combined revenue of $2.7 billion by the year 2017 (NRA 2004). Reports also suggest that 
this is a four times increase from the current estimated figure of $650 million in the year 2012 
(NRA 2004). Estimates for the current year have been provided by National Restaurant 
Association. Emergent Research in collaboration with National Restaurant Association 
interviewed 272 regular food cart customers in order to reach the estimated figure (NRA 
2004). Food cart owners were interviewed with the help of phone or email. These interviews 
were conducted in the San Francisco area and nearing suburbs. 
Industry Trends 
Many powerful trends are reflected in ongoing growth and success of the industry. Following 
is a representation of these trends (NRA 2004): 
 Value, Speed and Quality- According to research data, these three are the most sought 
after attributes by any customer seeking service at a fast food or quick serve restaurant. 
Survey results of the year 2012 as published by the National Restaurant Association 
suggests that food carts often succeed in outperforming traditional food restaurants when 
it comes to delivering these attributes. Food offered by these carts is fresh as most carts 
cannot afford to store food products over a period. Also, since their operational procedure 
is standard (with a fixed menu), their speed of delivery is great.
 Local and Fresh Food- A research conducted by the Hartman Group suggested that 
these food carts have caused a national shift towards the usage of fresh food materials. 
Unlike traditional fast food restaurants which have an inventory of their own, these food 
carts bank on fresh everyday purchases of raw materials. Also, menu provided by these 
food carts is highly localized and flexible unlike chain fast food restaurants. 
 Local Affinity- Research reports also suggest that these food carts foster economic 
developments in their neighborhood thereby increasing livability of the area as a whole. 
Part of this is facilitated by customers who extend their full support to local businesses in 
their area. This according to customers increases their sense of belonging to a local 
neighborhood. Customers also believe that their interactions with local food cart owners 
on everyday basis foster fruitful and long term relationships thus making the entire 
community a more livable place. 
 Sustainable and small- Food carts present a considerable challenge to a popular belief 
that quality depends on size of restaurant. Modern food carts have outperformed chain 
fast food restaurants in providing quality despite their compact size. These food carts also 
stress their sustainability as their USP. Taking inspiration from the food cart business 
model, chain restaurants have acknowledged the fact that being small in size provides 
flexibility without having to compromise with quality. 
 Speed- Quick service segments (for example Chipotle) have registered the maximum 
amount of growth in past few years. The quick service segment in the restaurant industry 
has also established its reputation for providing a better atmosphere and food quality than 
traditional restaurants. Food carts which form an important part of this segment provide 
an extremely viable alternative for customers who are time challenged and need easy 
accessibility. Speed of service provided by these food carts also enables them to serve 
wider customer segments than traditional restaurants. 
Major Consumers 
Major consumers of the industry are students and lower and middle level corporate 
employees. These consumers are commonly characterized by being short of time to go to an 
established restaurant and having leisure time to spend on a meal. Since these consumers are 
short of time, they are not willing to travel to great distances in order to grab a meal and 
hence are looking for options that are easily accessible. In addition, these consumers are not 
willing to spend a great amount on their meal. Average spending of these consumers per meal 
is believed to be between $5-10.Lastly, most of these consumers are single or living away
from their families. As a result, they do not have the time to cook and bring their meals from 
home. 
Target Market 
Target Markets segments are groups of individuals who can be characterized on the basis of 
common factors such as age, demographics, sex etc (Sandberg 2008). 
Our target market comprises of on campus students of our school as well as faculty members 
and administration staff. Our service would also be available to perspective students who 
come for a campus visit and visiting faculty members. At this point in time, our services 
would exclude local pedestrians from outside the school and neighboring areas. Following 
are the characteristics of our target market: 
 Age groups: 17-30, 45-60 
 Demographics: On campus students, faculty members and administration staff members 
i.e. individuals with access to the San Fernando Campus 
 Spending ability: $ 20-$30 per meal 
Competitor Analysis 
Following are the major direct and indirect competitors of our food cart: 
 School Cafeteria 
 Hot and Tasty Food (sells food products right outside school) 
Despite tough competition from within and outside the school, our service would be able to 
sustain itself and generate profits due to the following factors: 
 Competitive Pricing- Our food offerings are priced lower than the school cafeteria (For 
example a chicken burger at the school cafeteria is available for $25 while we price it at 
$20). This is possible because of our streamlines supply chain. 
 Ease of Access- We would like to locate our food cart so that it is located closer to 
classes and the administrative block. This would encourage students and staff members 
to quickly grab food supplies in between classes. 
 Timing- Unlike the school cafeteria and our outside school competition, our service 
would be operational from 9am until 9pm and all items on the menu would be made 
available at all times.
 Quality and Service- We would strive to comply with highest quality and professional 
standards. 
 Local contacts- since we are a part of the school, we have local contacts that we would 
deploy in order to gain a competitive advantage. 
Competitive Threats 
These can be explained with the help of PORTER’s five force model of competition that was 
originally drawn by Michael Porter (Baumol 2012). According to this model, competitive 
threats to any business can be placed in five major categories (Baumol 2012): 
 Threat of Substitutes 
 New Entrants 
 Rivalry among existing players 
 Supplier Power 
 Buyer Power 
These threats are better explained with the help of the following diagram: 
New Entrants 
Success of our service might encourage 
others to enter the market with a different 
range of products or a better business model 
thus intensifying competition for us 
Industry Rivalry 
Our service and our competitors might enter 
disagreements or intense rivalry over several 
issues such as prices, timing, target market 
segments etc. 
Substitutes 
Fig 1: Porter’s Five Forces Model. Source of Diagram: (Shapero & Sokol 2002) 
This treat might arise in the form of school 
cafeteria or Hot & Tasty foods adding new 
products to their menu that offer better 
value for money without compromising 
taste. 
Buyer Power 
Buyers might be able to find food products 
priced within the same range and of the 
same quality in their vicinity and hence 
might bargain for lower prices. 
Supplier Power 
Suppliers might increase the prices of raw 
materials/ fresh foods that we buy from 
them thereby decreasing our profit margins.
The Venture 
Product/ Service 
The planned venture includes setting up a food cart inside the premises of School of 
Accounting and Management San Fernando. Food products that would be included in the 
menu at the moment are: Chicken burgers, beef burgers, fish burgers, fries, hotdogs and fresh 
salad. Services would be provided in the form of professional conduct and good speed. 
Price 
Following table highlights prices of our products: 
Food Products Price in Dollars ($) 
Chicken Burger 20 
Beef Burger 25 
Fish Burger 25 
Fries (per portion) 10 and 15 
Hotdog 15 
Fresh Salad 25 
Table 1: Price of Food Products in the menu 
Place 
School of Accounting and Management Premises 
Promotion 
Following promotional tools would be used: 
 Social Media 
 Website 
 Pamphlets 
 Direct Mail 
 Posters 
People 
A total of three personnel (me along with two other friends) would be involved in the 
venture. The tree of us would be responsible for management of everything including 
planning, arranging for funding and operations.
Process 
First, we would obtain all required legal permissions for setting up the service. This would be 
followed by finalizing a location for the food cart and obtaining permissions from school 
authorities. Funding shall be arranged for the project followed by contacting suppliers and 
signing bonds of service. A detailed plan would be worked out in order to market products 
sold by our food cart. 
Physical Evidence 
This would be present in the form of a food cart within the school premises. 
USP 
USP of our service would be an especially available delivery option in school premises and 
within 1 mile of school premises. Customers would be able to call us or log in to our website 
and either preorder food to be available at a certain time for pickup or they can ask us to 
deliver it outside a certain class. 
Environmental Analysis (PESTEL) 
Several factors in the macro environment of a business are responsible for impacting business 
decisions made by management of any organization (Aldrich & Zimmer 2006). The model 
consists of six different factors namely Political, Economic, Social, Technological, 
Environmental and Legal and seeks to analysis the business environment of an organization 
(Aldrich & Zimmer 2006). 
Political 
Political environment of the organization would be concerned with administrative decisions. 
Some members in the school administration might be against the venture and might doubt its 
success. These members might create problems in the venture. Other political considerations 
include new laws by the government in favor or against food carts. 
Economic 
Economic Issues in context of the venture would be concerned with making financial 
arrangements. Economic issues can also be realized in the form of deciding prices at which 
raw materials and food products would be obtained from suppliers. Lastly, consumers might 
find food prices to be high considering that it is a food cart. This might negatively affect our
business. On a macro level, economic issues would arise in the form of changes in tax rates, 
inflation, imports of food products etc. 
Social 
Social environment of the organization would be constituted by social trends that are 
prevalent in the society. Future might witness people losing interest in food carts or they 
might find another alternative that is equally viable. These factors would negatively impact 
business decisions. 
Technology 
In today’s technology savvy generation, technological innovations take place on everyday 
basis. Technologies related to food preparation, storage and delivery might witness 
innovation causing all food cart owners including us to adopt these technologies in order to 
sustain the business. This would impact the budget and other decisions. 
Environmental 
This category includes changes in the weather, global climate, natural calamities etc. We 
assume that this category would not significantly affect our business in the near future. 
Legal 
This category deals with the legal environment in which our firm would be operational. 
Legislative changes made by the government might impact the organization’s behavior. 
Marketing Plan 
Since this is a startup venture and we would need funds for buying the cart, getting licenses, 
housing machinery and paying suppliers, we cannot expect the marketing budget to be very 
high (Allen 2006). Following methods shall be adopted in order to market the product: 
 Social Media- Popular social networking websites such as Facebook and Twitter 
would be tapped for marketing and promotional purposes (Martens 2007). A fan page 
would be created and friends and associates on campus would be invited to like the 
page. 
 Website- A website would be created for the food cart and blog posts would be linked 
to social media.
 Direct Mail- As students of the school, we have access to our localized groups of 
students and staff members. (Martens 2007) We would directly email them with the 
proposal and invite them to try out our services. 
 Special Offers- We would launch special offers (such as heavy discounts on first 100 
purchases). 
 Pamphlets- We would distribute free pamphlets within the school in order to make as 
many people as possible aware about our services, menu and prices (Martens 2007). 
 Posters- We would put creative posters regarding our services in various places 
within school premises such as common areas, game rooms etc (Martens 2007). 
Operational Plan 
The organization would operate out of a single food cart that we seek to set up through this 
venture. Timings of operation would be from 9am to 9pm. Also our services would be 
available 6 days a week (i.e. Monday to Saturday). The food cart would remain closed on 
Sunday as there are no classes and most of the times no faculty members on campus. 
The website would be operational even on Sundays and can be used by students in order to 
preorder their food to be ready and available at a specific time. 
Customers would also be able to call us on our numbers and preorder for a specific time. 
Delivery calls would have to be made at least an hour in advance. 
Financial Analysis and Projection 
Following is a summary of Financial Analysis and Projections: 
Startup Cost
Cost of Trucks $ -100000 
Stationery $ 5000 
Working Capital $ -5,000 
Total Fixed Cost $ -100000 
Average Selling Price $ 19 
Average Variable 
$ 7 
Cost 
Average Contribution $ 12 
Break Even Point 
(units) 
$ -8,333.33 
Hence the company would start making profit at the end of four months. 
Table 2: Summary of Financial Projections (* For detailed projections and Sales Schedule 
please refer Appendix 1) 
Milestones 
Following are the expected milestones of the venture: 
 Preparing a final plan 
 Getting the plan approved by university authorities 
 Arrange for funding 
 Get the required legal licenses 
 Buy food cart and machinery 
 Market product and services 
 Begin Operation 
Conclusion 
The launched service longs to the upcoming quick service sector of the restaurant industry. 
This particular segment in the industry has demonstrated a tremendous growth in the past few 
years and the growth rate is expected to constantly increase in the future. Food carts have
succeeded in grabbing a special place amidst this segment due to their flexibility, quality and 
speed of service. 
In accordance with this increase in demand, we have proposed to set up a food cart within our 
school premises. Despite tough competition from the school cafeteria and another service 
located right outside the premises, we propose that our business would not only be able to 
sustain but generate constant profits owing to its unique aspects. 
References 
Aldrich, H., & Zimmer, C, 2006, Entrepreneurship through social networks, University of 
Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical 
Research Reference in Entrepreneurship
Allen, K, 2006, Launching new ventures: An entrepreneurial approach, Houghton-Mifflin 
Company, Boston 
Baumol, W. J, 2012, Entrepreneurship and a century of growth, Journal of Business 
Venturing, 1(2), 141-145 
Martens, M, L, 2007, Do the stories they tell get them money they need? The role of 
entrepreneurial narratives in resource acquisition, Academy of Management Journal, vol5, pp 
1107-1132 
National Restaurant Association (US), Research Dept, & National Restaurant Association 
(US), 2004, Restaurant industry forecast, National Restaurant Association 
Sandberg, W, R, 2008, The use of verbal protocols in determining venture capitalist’s 
decision process, Entrepreneurship theory and practice, John Wiley, New York 
Shapero, A., & Sokol, L, 2002, The social dimensions of entrepreneurship. Encyclopedia of 
entrepreneurship, 72-90 
Appendix 1: Detailed Projections
CASH FLOW PROJECTION 
Month 
0 
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 
Opening 
Balance 
$ 
2,00,00 
0 
$ 
95,0 
00 
$ 
96,9 
00 
$ 
98,8 
00 
$ 
1,00 
,700 
$ 
1,02 
,600 
$ 
1,04 
,500 
$ 
1,06 
,400 
$ 
1,08 
,300 
$ 
1,10 
,200 
$ 
1,12 
,100 
$ 
1,14 
,000 
$ 
1,1 
5,9 
00 
Cash Inflow 
Sales $ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39, 
500 
Total 
cash 
inflow 
$ 
- 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39, 
500 
Cash Outflow 
Startup 
Cost 
$ -1,00,000 
Material 
Cost 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14,6 
00 
$ 
- 
14, 
600 
Salary @ 
$6000 
each 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18,0 
00 
$ 
- 
18, 
000 
Working 
Capital 
$ -5,000 
Others $ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,0 
00 
Total 
cash 
outflow 
$ 
- 
1,05,00 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,6 
$ 
- 
37,
0 00 00 00 00 00 00 00 00 00 00 00 600 
Net Cash 
flow 
$ 
- 
1,05,00 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,9 
00 
Closing 
Balance 
$ 
95,000 
$ 
96,9 
00 
$ 
98,8 
00 
$ 
1,00 
,700 
$ 
1,02 
,600 
$ 
1,04 
,500 
$ 
1,06 
,400 
$ 
1,08 
,300 
$ 
1,10 
,200 
$ 
1,12 
,100 
$ 
1,14 
,000 
$ 
1,15 
,900 
$ 
1,1 
7,8 
00 
INCOME STATEMENT PROJECTION 
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales $ 
39,50 
0 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
Cost 
of 
Sales 
$ 
- 
14,60 
0 
$ 
- 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
$ - 
14,6 
00 
Gros 
s 
Profi 
t 
$ 
24,90 
0 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
$ 
24,9 
00 
Salar 
y 
$ 
- 
18,00 
0 
$ 
- 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
$ - 
18,0 
00 
Othe 
rs 
$ 
- 
5,000 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
$ 
- 
5,00 
0 
Net 
Profi 
t 
$ 
1,900 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
BALANCESHEET PROJECTION
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 
Sources of Capital 
Openi 
ng 
Capita 
l 
$ 
2,00, 
000 
$ 
2,01, 
900 
$ 
2,03, 
800 
$ 
2,05, 
700 
$ 
2,07, 
600 
$ 
2,09, 
500 
$ 
2,11, 
400 
$ 
2,13, 
300 
$ 
2,15, 
200 
$ 
2,17, 
100 
$ 
2,19, 
000 
$ 
2,20 
,900 
Add: 
Profit/ 
Loss 
$ 
1,900 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
$ 
1,90 
0 
Closin 
g 
Capita 
l 
$ 
2,01, 
900 
$ 
2,03, 
800 
$ 
2,05, 
700 
$ 
2,07, 
600 
$ 
2,09, 
500 
$ 
2,11, 
400 
$ 
2,13, 
300 
$ 
2,15, 
200 
$ 
2,17, 
100 
$ 
2,19, 
000 
$ 
2,20, 
900 
$ 
2,22 
,800 
Total $ 
2,01, 
900 
$ 
2,03, 
800 
$ 
2,05, 
700 
$ 
2,07, 
600 
$ 
2,09, 
500 
$ 
2,11, 
400 
$ 
2,13, 
300 
$ 
2,15, 
200 
$ 
2,17, 
100 
$ 
2,19, 
000 
$ 
2,20, 
900 
$ 
2,22 
,800 
Use of Capital 
Fixed 
Assets 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00, 
000 
$ 
1,00 
,000 
Cash $ 
96,90 
0 
$ 
98,8 
00 
$ 
1,00, 
700 
$ 
1,02, 
600 
$ 
1,04, 
500 
$ 
1,06, 
400 
$ 
1,08, 
300 
$ 
1,10, 
200 
$ 
1,12, 
100 
$ 
1,14, 
000 
$ 
1,15, 
900 
$ 
1,17 
,800 
Worki 
ng 
Capita 
l 
$ 
5,000 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
Total $ 
2,01, 
900 
$ 
2,03, 
800 
$ 
2,05, 
700 
$ 
2,07, 
600 
$ 
2,09, 
500 
$ 
2,11, 
400 
$ 
2,13, 
300 
$ 
2,15, 
200 
$ 
2,17, 
100 
$ 
2,19, 
000 
$ 
2,20, 
900 
$ 
2,22 
,800
SALES SCHEDULE 
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 
Price per unit 
Chiken 
Burger 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
$ 
20 
Beef 
Burger 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
Fish $ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
Fries I $ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
$ 
10 
Fries II $ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
Hotdog $ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
$ 
15 
Fresh 
Salad 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
$ 
25 
No. of units 
Chiken 
Burger 
$ 
20 
0 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Beef 
Burger 
$ 
25 
0 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
Fish $ 
25 
0 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
Fries I $ 
60 
0 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
Fries II $ 
60 
0 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600
Hotdog $ 
20 
0 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Fresh 
Salad 
$ 
20 
0 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Sales 
Chiken 
Burger 
$ 
4,0 
00 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
$ 
4,00 
0 
Beef 
Burger 
$ 
6,2 
50 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
Fish $ 
6,2 
50 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
$ 
6,25 
0 
Fries I $ 
6,0 
00 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
$ 
6,00 
0 
Fries II $ 
9,0 
00 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
$ 
9,00 
0 
Hotdog $ 
3,0 
00 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
Fresh 
Salad 
$ 
5,0 
00 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
$ 
5,00 
0 
Total 
Sales 
$ 
39, 
50 
0 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00 
$ 
39,5 
00
MATERIAL COST 
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 
Cost per unit 
Chicken 
Burger 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
Beef 
Burger 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
Fish $ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
$ 
8 
Fries I $ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
$ 
4 
Fries II $ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
$ 
5 
Hotdog $ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
$ 
6 
Fresh 
Salad 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
$ 
12 
No. of units 
Chiken 
Burger 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Beef 
Burger 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
Fish $ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
$ 
250 
Fries I $ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
Fries II $ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
$ 
600 
Hotdog $ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Fresh 
Salad 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
$ 
200 
Material Cost
Chiken 
Burger 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
$ 
1,60 
0 
Beef 
Burger 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
Fish $ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
$ 
2,00 
0 
Fries I $ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
Fries II $ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
$ 
3,00 
0 
Hotdog $ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
$ 
1,20 
0 
Fresh 
Salad 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
$ 
2,40 
0 
Total 
Material 
Cost 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00 
$ 
14,6 
00
Appendix 2: Management Resume 
CHRISTOPHER BACON 
4 Buttermilk Court 
Poughkeepsie, NY 12601 
914.555.2665 
Objective 
A position in catering, event planning, or convention services. 
HIGHLIGHTS 
• Three years experience operating own catering business. 
• Educated in culinary arts and communications. 
• Experience planning dinners and other events. 
• Good communications skills, particularly in promoting or selling an idea. 
RELEVANT SKILLS AND EXPERIENCE 
Sales and Promotion 
• Helped prepare promotional materials for clients of public relations firm. 
• C onceived and implemented promotional campaign for Culinary Institute of America (CIA) externship program 
with culinary magazines and journals. 
• "Pitched" vacation packages for country inn and resort in New York State. 
Catering and Event Planning 
• Operated successful catering business for groups of up to 75 people. 
• C reated custom-designed menus for all clients. 
• Arranged dinners, luncheons, and receptions at public relations firm. 
Organization and Leadership 
• Secured financial support of Cook & Baker Corp. and services of Art C enter at SUNY -Cortland for development 
of promotional materials for fundraiser. 
• Assisted chef-instructors with course presentations for CIA's Continuing Education Division. 
• Served as group leader and student council member at C IA. 
Catering and Event Planning 
• Helped prepare promotional materials for clients of public relations firm. 
• Conceived and implemented promotional campaign for Culinary Institute of America (CIA) externship program 
with culinary magazines and journals. 
• "Pitched" vacation packages for country inn and resort in New York State . 
WORK HISTORY 
• Test kitchen extern, Good Taste magazine, New York, NY Spring 2000 
• C ooking extern, Mama Rosa's Gourmet Market, Fishkill, NY Fall 2000 
• C aterer, self-employed, Albany , NY, and Poughkeepsie, NY 1995-1999 
• Administrative assistant, C olby & Gruyere Public Relations, Albany, NY 1993-1995
• Promotions intern, Strawberry Fields Farms, New Paltz, NY Summer 1992 
• Line cook, The C ider Press Tavern, C ortland, NY 1991-1992 
• Server, Applejack's C afe, C ortland, NY 1989-1991 
EDUCATION 
• Associate in Occupational Studies, Culinary Arts, The Culinary Institute of America , Hyde 
Park, 
Spring 2001 
• B.A., English, State University of New York at C ortland, C ortland, NY

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business-plan

  • 1. 2012 Business Plan user Microsoft 1/1/2012
  • 2. Table of Contents Executive Summary ...................................................................................................................... 3 Introduction ................................................................................................................................. 4 Industry Analysis .......................................................................................................................... 5 Overview of the Industry ........................................................................................................... 5 Mapping ............................................................................................................................... 5 Perceptions........................................................................................................................... 6 Industry Growth ....................................................................................................................... 6 Industry Trends......................................................................................................................... 6 Major Consumers ..................................................................................................................... 7 Target Market........................................................................................................................... 8 Competitor Analysis...................................................................................................................... 8 Competitive Threats ..................................................................................................................... 9 The Venture ............................................................................................................................... 10 Product/ Service ..................................................................................................................... 10 Price ...................................................................................................................................... 10 Place ...................................................................................................................................... 10 Promotion .............................................................................................................................. 10 People.................................................................................................................................... 10 Process................................................................................................................................... 11 Physical Evidence .................................................................................................................... 11 USP ........................................................................................................................................ 11 Environmental Analysis (PESTEL) ................................................................................................. 11 Political .................................................................................................................................. 11 Economic ............................................................................................................................... 11 Social ..................................................................................................................................... 12 Technology ............................................................................................................................. 12 Environmental ........................................................................................................................ 12 Legal ...................................................................................................................................... 12 Marketing Plan ........................................................................................................................... 12 Operational Plan......................................................................................................................... 13 Financial Analysis and Projection ................................................................................................. 13 Milestones ................................................................................................................................. 14 Conclusion ................................................................................................................................. 14
  • 3. References ................................................................................................................................. 15 Appendix 1: Detailed Projections ................................................................................................. 16 Appendix 2: Management Resume .............................................................................................. 25 Executive Summary Main purpose of this assignment was to work at next stage following idea generation. The assignment tends to draw on an original idea and create a practical business plan drawing on various aspects such as business environment, financial sustainability, legal requirements, marketing and operational plans.
  • 4. In this context, very first step has been taken by conducting a comprehensive industry review. While doing this, various sub aspects such as target market, industry growth, industry trends, opportunity in the industry have been described in detail. Business environment has been scanned with the help of established tools such as PORTER’s Five Force Model of Competition and PESTEL Analysis. Financial sustainability of the business has been verified by evaluating available startup capital against various expenses such as purchasing a food cart, stationary, getting legal licenses etc. Breakeven point and profit calculations have been made on a per month basis. Finally, a plan to market the service and its operability has been drawn by deploying the marketing mix of the service. Introduction Food carts more closely resemble mobile kitchens that are capable of being set up on the street and facilitating street food for pedestrian traffic (Baumol 2012). These food carts are extremely common among all major cities and towns and make ample profit as they offer a great variety of food at an affordable price (Baumol 2012). In earlier days, the concept of food carts brought ugly images of standard grey trucks that sold extremely unhealthy food full of calories. This concept however has completely taken a back seat with popular
  • 5. restaurants and chefs adding these carts to their service menu for added revenue (Baumol 2012). Drawing inspiration from this concept, we got motivated to provide this service within our school premises and facilitate food products such as chicken burgers, beef burgers, fish burgers, fries, hotdogs and fresh salads. We acknowledged the fact that our biggest competitor is the school cafeteria which already has these varieties on board. However, the school cafeteria is operational only during certain hours and makes these food items available only during its lunch hours. Also, since the cafeteria serves a large population, we have often heard negative reviews regarding quality if food served. In this context, mission of our organization would be to comply with highest professionalism standards by promoting high customer satisfaction. This would be fuelled by our urge for constant innovation, providing top quality products and excellent service. This mission would be complimented by our vision to be soon widely recognized as a food cart that offers quality food and excellent service at an affordable price. We also see ourselves as upholding a constant profit margin and being known for our performance. Our organization would seek to foster a performance based culture. Since, the organization would only have three employees (me along with two other friends) we would comprehensively read up on norms of professionalism and customer service. We would also rely on our existing knowledge about dealing with individuals. Since this is a start-up venture, our first step would be to get licensed. We would need certificates from the health department in order to prove that the food we provide is hygienic and compliant with health standards. We would also have to overcome parking restrictions and avail permissions from our school authorities. Other legal requirements would include getting the cart registered with the state department and filling out tax regulations. Industry Analysis Overview of the Industry Mapping A database for the number of mobile food handlers was accessed with the help of school authorities in order to map the total number of active carts serving customers in the San
  • 6. Fernando Valley. Drive through coffee carts and other inactive carts were not considered for the purpose of mapping. We were unable to determine the precise location for a number of carts due to incomplete address information. Mapping with the help of Google Maps revealed a total number of 195 stationary and mobile food carts in neighboring areas. Perceptions Secondary data was collected regarding perceptions of people about these mobile food carts with the help of school databases. Data analysis revealed that food carts were considered as an economically and commercially viable alternative by pedestrians. Data also revealed that these carts promoted livability and economic development in their neighborhoods and thus were profitable to the community as a whole. Industry Growth Last two years collectively have witnessed huge amounts of growth in the Food Cart Industry. According to the ‘Intuit Research Report’ 2020, the industry is expected to generate combined revenue of $2.7 billion by the year 2017 (NRA 2004). Reports also suggest that this is a four times increase from the current estimated figure of $650 million in the year 2012 (NRA 2004). Estimates for the current year have been provided by National Restaurant Association. Emergent Research in collaboration with National Restaurant Association interviewed 272 regular food cart customers in order to reach the estimated figure (NRA 2004). Food cart owners were interviewed with the help of phone or email. These interviews were conducted in the San Francisco area and nearing suburbs. Industry Trends Many powerful trends are reflected in ongoing growth and success of the industry. Following is a representation of these trends (NRA 2004):  Value, Speed and Quality- According to research data, these three are the most sought after attributes by any customer seeking service at a fast food or quick serve restaurant. Survey results of the year 2012 as published by the National Restaurant Association suggests that food carts often succeed in outperforming traditional food restaurants when it comes to delivering these attributes. Food offered by these carts is fresh as most carts cannot afford to store food products over a period. Also, since their operational procedure is standard (with a fixed menu), their speed of delivery is great.
  • 7.  Local and Fresh Food- A research conducted by the Hartman Group suggested that these food carts have caused a national shift towards the usage of fresh food materials. Unlike traditional fast food restaurants which have an inventory of their own, these food carts bank on fresh everyday purchases of raw materials. Also, menu provided by these food carts is highly localized and flexible unlike chain fast food restaurants.  Local Affinity- Research reports also suggest that these food carts foster economic developments in their neighborhood thereby increasing livability of the area as a whole. Part of this is facilitated by customers who extend their full support to local businesses in their area. This according to customers increases their sense of belonging to a local neighborhood. Customers also believe that their interactions with local food cart owners on everyday basis foster fruitful and long term relationships thus making the entire community a more livable place.  Sustainable and small- Food carts present a considerable challenge to a popular belief that quality depends on size of restaurant. Modern food carts have outperformed chain fast food restaurants in providing quality despite their compact size. These food carts also stress their sustainability as their USP. Taking inspiration from the food cart business model, chain restaurants have acknowledged the fact that being small in size provides flexibility without having to compromise with quality.  Speed- Quick service segments (for example Chipotle) have registered the maximum amount of growth in past few years. The quick service segment in the restaurant industry has also established its reputation for providing a better atmosphere and food quality than traditional restaurants. Food carts which form an important part of this segment provide an extremely viable alternative for customers who are time challenged and need easy accessibility. Speed of service provided by these food carts also enables them to serve wider customer segments than traditional restaurants. Major Consumers Major consumers of the industry are students and lower and middle level corporate employees. These consumers are commonly characterized by being short of time to go to an established restaurant and having leisure time to spend on a meal. Since these consumers are short of time, they are not willing to travel to great distances in order to grab a meal and hence are looking for options that are easily accessible. In addition, these consumers are not willing to spend a great amount on their meal. Average spending of these consumers per meal is believed to be between $5-10.Lastly, most of these consumers are single or living away
  • 8. from their families. As a result, they do not have the time to cook and bring their meals from home. Target Market Target Markets segments are groups of individuals who can be characterized on the basis of common factors such as age, demographics, sex etc (Sandberg 2008). Our target market comprises of on campus students of our school as well as faculty members and administration staff. Our service would also be available to perspective students who come for a campus visit and visiting faculty members. At this point in time, our services would exclude local pedestrians from outside the school and neighboring areas. Following are the characteristics of our target market:  Age groups: 17-30, 45-60  Demographics: On campus students, faculty members and administration staff members i.e. individuals with access to the San Fernando Campus  Spending ability: $ 20-$30 per meal Competitor Analysis Following are the major direct and indirect competitors of our food cart:  School Cafeteria  Hot and Tasty Food (sells food products right outside school) Despite tough competition from within and outside the school, our service would be able to sustain itself and generate profits due to the following factors:  Competitive Pricing- Our food offerings are priced lower than the school cafeteria (For example a chicken burger at the school cafeteria is available for $25 while we price it at $20). This is possible because of our streamlines supply chain.  Ease of Access- We would like to locate our food cart so that it is located closer to classes and the administrative block. This would encourage students and staff members to quickly grab food supplies in between classes.  Timing- Unlike the school cafeteria and our outside school competition, our service would be operational from 9am until 9pm and all items on the menu would be made available at all times.
  • 9.  Quality and Service- We would strive to comply with highest quality and professional standards.  Local contacts- since we are a part of the school, we have local contacts that we would deploy in order to gain a competitive advantage. Competitive Threats These can be explained with the help of PORTER’s five force model of competition that was originally drawn by Michael Porter (Baumol 2012). According to this model, competitive threats to any business can be placed in five major categories (Baumol 2012):  Threat of Substitutes  New Entrants  Rivalry among existing players  Supplier Power  Buyer Power These threats are better explained with the help of the following diagram: New Entrants Success of our service might encourage others to enter the market with a different range of products or a better business model thus intensifying competition for us Industry Rivalry Our service and our competitors might enter disagreements or intense rivalry over several issues such as prices, timing, target market segments etc. Substitutes Fig 1: Porter’s Five Forces Model. Source of Diagram: (Shapero & Sokol 2002) This treat might arise in the form of school cafeteria or Hot & Tasty foods adding new products to their menu that offer better value for money without compromising taste. Buyer Power Buyers might be able to find food products priced within the same range and of the same quality in their vicinity and hence might bargain for lower prices. Supplier Power Suppliers might increase the prices of raw materials/ fresh foods that we buy from them thereby decreasing our profit margins.
  • 10. The Venture Product/ Service The planned venture includes setting up a food cart inside the premises of School of Accounting and Management San Fernando. Food products that would be included in the menu at the moment are: Chicken burgers, beef burgers, fish burgers, fries, hotdogs and fresh salad. Services would be provided in the form of professional conduct and good speed. Price Following table highlights prices of our products: Food Products Price in Dollars ($) Chicken Burger 20 Beef Burger 25 Fish Burger 25 Fries (per portion) 10 and 15 Hotdog 15 Fresh Salad 25 Table 1: Price of Food Products in the menu Place School of Accounting and Management Premises Promotion Following promotional tools would be used:  Social Media  Website  Pamphlets  Direct Mail  Posters People A total of three personnel (me along with two other friends) would be involved in the venture. The tree of us would be responsible for management of everything including planning, arranging for funding and operations.
  • 11. Process First, we would obtain all required legal permissions for setting up the service. This would be followed by finalizing a location for the food cart and obtaining permissions from school authorities. Funding shall be arranged for the project followed by contacting suppliers and signing bonds of service. A detailed plan would be worked out in order to market products sold by our food cart. Physical Evidence This would be present in the form of a food cart within the school premises. USP USP of our service would be an especially available delivery option in school premises and within 1 mile of school premises. Customers would be able to call us or log in to our website and either preorder food to be available at a certain time for pickup or they can ask us to deliver it outside a certain class. Environmental Analysis (PESTEL) Several factors in the macro environment of a business are responsible for impacting business decisions made by management of any organization (Aldrich & Zimmer 2006). The model consists of six different factors namely Political, Economic, Social, Technological, Environmental and Legal and seeks to analysis the business environment of an organization (Aldrich & Zimmer 2006). Political Political environment of the organization would be concerned with administrative decisions. Some members in the school administration might be against the venture and might doubt its success. These members might create problems in the venture. Other political considerations include new laws by the government in favor or against food carts. Economic Economic Issues in context of the venture would be concerned with making financial arrangements. Economic issues can also be realized in the form of deciding prices at which raw materials and food products would be obtained from suppliers. Lastly, consumers might find food prices to be high considering that it is a food cart. This might negatively affect our
  • 12. business. On a macro level, economic issues would arise in the form of changes in tax rates, inflation, imports of food products etc. Social Social environment of the organization would be constituted by social trends that are prevalent in the society. Future might witness people losing interest in food carts or they might find another alternative that is equally viable. These factors would negatively impact business decisions. Technology In today’s technology savvy generation, technological innovations take place on everyday basis. Technologies related to food preparation, storage and delivery might witness innovation causing all food cart owners including us to adopt these technologies in order to sustain the business. This would impact the budget and other decisions. Environmental This category includes changes in the weather, global climate, natural calamities etc. We assume that this category would not significantly affect our business in the near future. Legal This category deals with the legal environment in which our firm would be operational. Legislative changes made by the government might impact the organization’s behavior. Marketing Plan Since this is a startup venture and we would need funds for buying the cart, getting licenses, housing machinery and paying suppliers, we cannot expect the marketing budget to be very high (Allen 2006). Following methods shall be adopted in order to market the product:  Social Media- Popular social networking websites such as Facebook and Twitter would be tapped for marketing and promotional purposes (Martens 2007). A fan page would be created and friends and associates on campus would be invited to like the page.  Website- A website would be created for the food cart and blog posts would be linked to social media.
  • 13.  Direct Mail- As students of the school, we have access to our localized groups of students and staff members. (Martens 2007) We would directly email them with the proposal and invite them to try out our services.  Special Offers- We would launch special offers (such as heavy discounts on first 100 purchases).  Pamphlets- We would distribute free pamphlets within the school in order to make as many people as possible aware about our services, menu and prices (Martens 2007).  Posters- We would put creative posters regarding our services in various places within school premises such as common areas, game rooms etc (Martens 2007). Operational Plan The organization would operate out of a single food cart that we seek to set up through this venture. Timings of operation would be from 9am to 9pm. Also our services would be available 6 days a week (i.e. Monday to Saturday). The food cart would remain closed on Sunday as there are no classes and most of the times no faculty members on campus. The website would be operational even on Sundays and can be used by students in order to preorder their food to be ready and available at a specific time. Customers would also be able to call us on our numbers and preorder for a specific time. Delivery calls would have to be made at least an hour in advance. Financial Analysis and Projection Following is a summary of Financial Analysis and Projections: Startup Cost
  • 14. Cost of Trucks $ -100000 Stationery $ 5000 Working Capital $ -5,000 Total Fixed Cost $ -100000 Average Selling Price $ 19 Average Variable $ 7 Cost Average Contribution $ 12 Break Even Point (units) $ -8,333.33 Hence the company would start making profit at the end of four months. Table 2: Summary of Financial Projections (* For detailed projections and Sales Schedule please refer Appendix 1) Milestones Following are the expected milestones of the venture:  Preparing a final plan  Getting the plan approved by university authorities  Arrange for funding  Get the required legal licenses  Buy food cart and machinery  Market product and services  Begin Operation Conclusion The launched service longs to the upcoming quick service sector of the restaurant industry. This particular segment in the industry has demonstrated a tremendous growth in the past few years and the growth rate is expected to constantly increase in the future. Food carts have
  • 15. succeeded in grabbing a special place amidst this segment due to their flexibility, quality and speed of service. In accordance with this increase in demand, we have proposed to set up a food cart within our school premises. Despite tough competition from the school cafeteria and another service located right outside the premises, we propose that our business would not only be able to sustain but generate constant profits owing to its unique aspects. References Aldrich, H., & Zimmer, C, 2006, Entrepreneurship through social networks, University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
  • 16. Allen, K, 2006, Launching new ventures: An entrepreneurial approach, Houghton-Mifflin Company, Boston Baumol, W. J, 2012, Entrepreneurship and a century of growth, Journal of Business Venturing, 1(2), 141-145 Martens, M, L, 2007, Do the stories they tell get them money they need? The role of entrepreneurial narratives in resource acquisition, Academy of Management Journal, vol5, pp 1107-1132 National Restaurant Association (US), Research Dept, & National Restaurant Association (US), 2004, Restaurant industry forecast, National Restaurant Association Sandberg, W, R, 2008, The use of verbal protocols in determining venture capitalist’s decision process, Entrepreneurship theory and practice, John Wiley, New York Shapero, A., & Sokol, L, 2002, The social dimensions of entrepreneurship. Encyclopedia of entrepreneurship, 72-90 Appendix 1: Detailed Projections
  • 17. CASH FLOW PROJECTION Month 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Opening Balance $ 2,00,00 0 $ 95,0 00 $ 96,9 00 $ 98,8 00 $ 1,00 ,700 $ 1,02 ,600 $ 1,04 ,500 $ 1,06 ,400 $ 1,08 ,300 $ 1,10 ,200 $ 1,12 ,100 $ 1,14 ,000 $ 1,1 5,9 00 Cash Inflow Sales $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39, 500 Total cash inflow $ - $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39, 500 Cash Outflow Startup Cost $ -1,00,000 Material Cost $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14, 600 Salary @ $6000 each $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18, 000 Working Capital $ -5,000 Others $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,0 00 Total cash outflow $ - 1,05,00 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,6 $ - 37,
  • 18. 0 00 00 00 00 00 00 00 00 00 00 00 600 Net Cash flow $ - 1,05,00 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,9 00 Closing Balance $ 95,000 $ 96,9 00 $ 98,8 00 $ 1,00 ,700 $ 1,02 ,600 $ 1,04 ,500 $ 1,06 ,400 $ 1,08 ,300 $ 1,10 ,200 $ 1,12 ,100 $ 1,14 ,000 $ 1,15 ,900 $ 1,1 7,8 00 INCOME STATEMENT PROJECTION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • 19. Sales $ 39,50 0 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 Cost of Sales $ - 14,60 0 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 $ - 14,6 00 Gros s Profi t $ 24,90 0 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 $ 24,9 00 Salar y $ - 18,00 0 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 $ - 18,0 00 Othe rs $ - 5,000 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 $ - 5,00 0 Net Profi t $ 1,900 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 BALANCESHEET PROJECTION
  • 20. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sources of Capital Openi ng Capita l $ 2,00, 000 $ 2,01, 900 $ 2,03, 800 $ 2,05, 700 $ 2,07, 600 $ 2,09, 500 $ 2,11, 400 $ 2,13, 300 $ 2,15, 200 $ 2,17, 100 $ 2,19, 000 $ 2,20 ,900 Add: Profit/ Loss $ 1,900 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 $ 1,90 0 Closin g Capita l $ 2,01, 900 $ 2,03, 800 $ 2,05, 700 $ 2,07, 600 $ 2,09, 500 $ 2,11, 400 $ 2,13, 300 $ 2,15, 200 $ 2,17, 100 $ 2,19, 000 $ 2,20, 900 $ 2,22 ,800 Total $ 2,01, 900 $ 2,03, 800 $ 2,05, 700 $ 2,07, 600 $ 2,09, 500 $ 2,11, 400 $ 2,13, 300 $ 2,15, 200 $ 2,17, 100 $ 2,19, 000 $ 2,20, 900 $ 2,22 ,800 Use of Capital Fixed Assets $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00, 000 $ 1,00 ,000 Cash $ 96,90 0 $ 98,8 00 $ 1,00, 700 $ 1,02, 600 $ 1,04, 500 $ 1,06, 400 $ 1,08, 300 $ 1,10, 200 $ 1,12, 100 $ 1,14, 000 $ 1,15, 900 $ 1,17 ,800 Worki ng Capita l $ 5,000 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 Total $ 2,01, 900 $ 2,03, 800 $ 2,05, 700 $ 2,07, 600 $ 2,09, 500 $ 2,11, 400 $ 2,13, 300 $ 2,15, 200 $ 2,17, 100 $ 2,19, 000 $ 2,20, 900 $ 2,22 ,800
  • 21. SALES SCHEDULE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Price per unit Chiken Burger $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 $ 20 Beef Burger $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 Fish $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 Fries I $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 Fries II $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 Hotdog $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 $ 15 Fresh Salad $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 $ 25 No. of units Chiken Burger $ 20 0 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Beef Burger $ 25 0 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 Fish $ 25 0 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 Fries I $ 60 0 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 Fries II $ 60 0 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600
  • 22. Hotdog $ 20 0 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Fresh Salad $ 20 0 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Sales Chiken Burger $ 4,0 00 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 $ 4,00 0 Beef Burger $ 6,2 50 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 Fish $ 6,2 50 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 $ 6,25 0 Fries I $ 6,0 00 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 $ 6,00 0 Fries II $ 9,0 00 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 $ 9,00 0 Hotdog $ 3,0 00 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 Fresh Salad $ 5,0 00 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 $ 5,00 0 Total Sales $ 39, 50 0 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00 $ 39,5 00
  • 23. MATERIAL COST Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cost per unit Chicken Burger $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 Beef Burger $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 Fish $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 $ 8 Fries I $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 Fries II $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 $ 5 Hotdog $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 $ 6 Fresh Salad $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 $ 12 No. of units Chiken Burger $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Beef Burger $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 Fish $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 $ 250 Fries I $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 Fries II $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 $ 600 Hotdog $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Fresh Salad $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 Material Cost
  • 24. Chiken Burger $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 $ 1,60 0 Beef Burger $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 Fish $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 $ 2,00 0 Fries I $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 Fries II $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 $ 3,00 0 Hotdog $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 $ 1,20 0 Fresh Salad $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 $ 2,40 0 Total Material Cost $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00 $ 14,6 00
  • 25. Appendix 2: Management Resume CHRISTOPHER BACON 4 Buttermilk Court Poughkeepsie, NY 12601 914.555.2665 Objective A position in catering, event planning, or convention services. HIGHLIGHTS • Three years experience operating own catering business. • Educated in culinary arts and communications. • Experience planning dinners and other events. • Good communications skills, particularly in promoting or selling an idea. RELEVANT SKILLS AND EXPERIENCE Sales and Promotion • Helped prepare promotional materials for clients of public relations firm. • C onceived and implemented promotional campaign for Culinary Institute of America (CIA) externship program with culinary magazines and journals. • "Pitched" vacation packages for country inn and resort in New York State. Catering and Event Planning • Operated successful catering business for groups of up to 75 people. • C reated custom-designed menus for all clients. • Arranged dinners, luncheons, and receptions at public relations firm. Organization and Leadership • Secured financial support of Cook & Baker Corp. and services of Art C enter at SUNY -Cortland for development of promotional materials for fundraiser. • Assisted chef-instructors with course presentations for CIA's Continuing Education Division. • Served as group leader and student council member at C IA. Catering and Event Planning • Helped prepare promotional materials for clients of public relations firm. • Conceived and implemented promotional campaign for Culinary Institute of America (CIA) externship program with culinary magazines and journals. • "Pitched" vacation packages for country inn and resort in New York State . WORK HISTORY • Test kitchen extern, Good Taste magazine, New York, NY Spring 2000 • C ooking extern, Mama Rosa's Gourmet Market, Fishkill, NY Fall 2000 • C aterer, self-employed, Albany , NY, and Poughkeepsie, NY 1995-1999 • Administrative assistant, C olby & Gruyere Public Relations, Albany, NY 1993-1995
  • 26. • Promotions intern, Strawberry Fields Farms, New Paltz, NY Summer 1992 • Line cook, The C ider Press Tavern, C ortland, NY 1991-1992 • Server, Applejack's C afe, C ortland, NY 1989-1991 EDUCATION • Associate in Occupational Studies, Culinary Arts, The Culinary Institute of America , Hyde Park, Spring 2001 • B.A., English, State University of New York at C ortland, C ortland, NY