Business Plan Examples - Business Location

The Children's World production facilities wholly owned and are located at 101 North Pole Lane, Arctic Circle, Earth. Due to the nature of the toy industry, and its propensity for industrial espionage, Children's World decided at an early stage that steps must be taken to isolate and camouflage their facilities. To date, their efforts have been largely successful, although a few close calls have been noted.

The facilities are debt free and are kept in good repair by the local elf community. To accommodate the planned product line expansion, only minor renovations (approximately $50,000) will be necessary as stated in the "Statement of Funding Proceeds" section above.

To safeguard both their new and existing product lines, Children's World respectfully declines to provide detailed information on this subject heading.

Licenses/Permits/Registrations

All licenses, and permits required for the continued operation of the company have been either secured, or renewed. Due to our location, our company is not affected by zoning regulations.

All Children's World products are already protected by the appropriate trademark and copyright filings. Children's World will not seek patent protection for the "essence" lines, however. Instead, we will keep these lines as a trade secret, thus preventing public disclosure and the subsequent possibility of legal entanglements from disgruntled parents, consumer activists, etc.

FAA certification and flight tests of all pilots and craft are both current and comprehensive, and are on file with the proper authorities.

Insurance/Employee Benefits

Due to the unique nature of their work force and the isolation of the environment, Children's World does not have to provide insurance for their employees. However, Children's World does have full property insurance as well as a general liability insurance policy for $1,000,000 per the requirements of most retailers.

Employee benefits include unlimited supplies of aspirin, nasal decongestants, as well as other cold related medicines. Regarding vacation leave, Children's World provides two weeks of paid vacation each year. The company also their employees with equipment, lift passes, etc. free of charge for skiing, snowmobiling, snowshoeing, etc. However, no vacations are permitted during the months of October through December due to production demands.

Management

How we started

Children's World was founded in 1930 by Sanford Theodore Clause who recognized the entrepreneurial opportunities presented by the establishment of a charitable society. Through his efforts gift giving became more fashionable, particularly around the time of the Christian celebration of Christmas.

Management team

Our key management team consists of Mr. and Mrs. Clause whose backgrounds consist of almost 60 years of manufacturing and marketing experience. Our manufacturing team consists of over 300 well trained elf volunteers, each with at least 200 years of manufacturing, engineering and design experience.

A listing of our corporate organization is as follows:

Sanford T. Clause, President

Elizabeth M. Clause, Vice President, Henry J. Ticklebone, Director of Finance, Abagail B. Greenleaf, Director of Marketing Princely J. Rockafellow, Director of Sales, James A. Bronson, Director of Engineering, Jillaney P. Quackenmeyer, Director Research & Development' Jeremy C. McDougal, Director of Operations, Thistle P. Stickler, Corporate Attorney.

As stated above, the strength of Children's World management team stems from the combined expertise in both management and technical areas. This has produced outstanding results over the past 60 years.

The time honored leadership characteristics of Children's World's management team have resulted in broad and flexible goal setting -to meet the ever changing demands of the quickly moving marketplace requiring our products. This is evident when the team responds to situations requiring new and innovative capabilities.

Personnel

The following are the summary job descriptions for the key officers of the Children's World organization:

Abagail B. Greenleaf, Director of Marketing ($100,000/year salary) Manage market planning, advertising, public relations, sales promotion, merchandising and facilitate staff services. Identifying new markets and corporate scope and market research. Identify foreign markets.

Princely J. Rockafellow, Director of Sales ($100,000/year salary) Manage field sales organization, territories and quotas. Manage sales office activities including customer/product support/service.

Henry J. Ticklebone, Director of Finance ($150,000/year salary) Management of working capital including receivables, inventory cash and marketable securities. Financial forecasting, including capital budget, cash budget, proforma financial statements, external financing requirements, financial condition requirements.

James A. Bronson, Director of Engineering ($85,000/year salary) Oversees product development including quality control, physical distribution, product and packaging design, new product development improvement, and improvements on existing products. Research and development.

Jeremy C. McDougal, Director of Operations ($175,000/year salary) Service, manufacturing, raw materials management and allocation.

Outside support

An outside Board of Advisors, including highly qualified business and industry professionals/experts from the elfin community, will assist our management team to make appropriate decisions and take the most effective action; however, they will not be responsible for management decisions.

At this time we do not forecast any need for extensive restructuring, and/or large scale hiring campaigns. Our expansion campaign will be able to be handled by our current staff of highly skilled employees.

Financial Data

Please see the attached financial projections including five years of historical financials, as well as a three year cash flow and income statement projection.

Finding the Money Needed to Starting a New Small Business. Now that You have computed your first capital requirements, where are
you going to get the money? The first source is the personal savings. Subsequently relatives, friends, or other people might be
found who would like to"enterprise" their savings in your company. Before obtaining too large a share of money from external
sources, remember that you ought to have personal control of sufficient to guarantee yourself possession.

After you can show that you have closely exercised your fiscal Requirements and can demonstrate experience and ethics, a lending
institution might be willing to finance a part of your operating requirements. This could possibly be done on a short-term basis
of from 60 days to as much as one year. Any institution that has money to lend is mainly concerned with security. The security may
be a business asset, but if you're just starting the ideal safety is usually your house or some other private advantage.

The second thing the lender will want to see is some sort of Business plan. If you complete a business strategy - which includes a
cash flow forecast - that the lender will see that you have done some serious and realistic thinking about your company and be
more likely to consider your request.

Be familiar with your banker. In picking a banker consider Progressiveness, mindset toward your company, credit services offered,
and the size and direction policies of the lender. Is your bank innovative? The physical look of the bank may give you some
indication. When the employees are pretty youthful, interested in your problems and active in civic affairs that the bank is very
likely to be progressive. The nature of the lender's advertising might also be an indicator to its progressiveness.

To be effective the banker should be interested in helping you to Become a better manager, and build a lasting relationship that
will mean profitable business for you as well as the bank through time.

Will the bank give you the type of credit you want? By Way of Example, If seasonal accumulations of stock turned into an issue
will the bank make a loan against public or field warehouse receipts? If your funding is tied up in accounts receivable throughout
your heavy selling season, will the bank accept these receivables as collateral for a loan? Will the lender contemplate a term
loan?

In the end, understand the size and management policies of the bank. Will Your maximum requirements fall nicely within the
bank's"legal limit"? If you intend to do some export company, does it have a currency department? In the event that you or your
dealers sell on installation terms does the lender have facilities for handling installment paper? How profoundly is the bank
concerned with the rise and prosperity of the regional community?

When you deal with your banker, then sell your self. Whether or not you Want a bank loan, make it a practice to visit your banker
at least once a year. Openly discuss your strategies and problems. It is the bank's business to not betray a confidence. If you
require financial assistance carefully organize, in written form, complete information that will present a comprehensive
comprehension of your whole proposition. Many business-people or potential small business operators destroy their chances of
getting financial aid by neglecting to present their proposition properly.

Trade creditor or gear maker, Companies from which you Purchase equipment or merchandise may also furnish capital for you in the
kind of extended credit. Producers of store fixtures, cash registersindustrial machines frequently have financing plans under
which you might purchase in an installment basis and pay out of future income. You need not pay for the merchandise at once. If
products are for resale, no safety aside from repossession rights of these unsold goods is involved. But too long a use of credit
can prove expensive. Usually cash discounts are quoted if a bill is paid within 10, 30, or 60 days. By way of example, a term of
sale offered as"2-10; net 30 days" means a cash discount of 2 percent will be granted if the invoice is paid within 10 days. If
not paid in 10 days, the whole amount is due in 30 days. If you don't take advantage of the money discount, you're paying 2% to
use money for 20 days, or 36 percent per year. That is high interest. Prevent it.

Among the main causes of failures among companies is Inadequate funding. Should you go into business, remember it is your
responsibility to provide, or obtain from others, sufficient money to supply a firm foundation for your enterprise.

Sharing Ownership With Others. Now that you have determined what Business to begin and how much capital will be required, you
might find it necessary to join with one or more partners to launch the enterprise.

If you lack certain management or technical skills which are of Major value to your preferred company a spouse with these
abilities may prove a satisfactory means to pay the deficiency. If you are very proficient in your special area but lack direction
training and abilities, you might search for a partner with a background in management. If you may want more start-up money, then
sharing the ownership of this company is one way to obtain it. Fantastic care ought to be taken in deciding upon a spouse.
Personality and temperament, as well as capability to render financial or technical assistance, influence the achievement of a
pa333ship.

A partnership can be a mixed blessing. A spouse who places in time Or cash has got a right to expect a share in conducting the
business.

In a partnership the liability for the debts of the firm is Unlimited, just as it is in one proprietorship. This means the owners
are Personally accountable for the company's debts, even in excess of the sum they Have invested in the business. In a business
the liability of the owner is limited To the amount that they pay for their shares of stock. A partnership, such as one
proprietorship, lacks continuity. This means the Company terminates upon the Death of the owner or a spouse, or on the withdrawal
of a partner.

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