We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Financial plan - Essay Example

Comments (0) Cite this document
Name Instructor Course Date Financial Plan Financial Plan Summary This plan outlines the most important financial information of Hoosier Pet Palace. Hoosier Pet Palace is the newest for-profit business coming to Bloomington, IN. Unlike most businesses where their only goal is to make money, HPP is also looking to solve a social issue within the community…
Download full paper
Financial plan
Read TextPreview

Extract of sample
Financial plan

Download file to see previous pages... During this time, a majority of the students on campus leaves and return to their homes and if they have a pet, they must either take it home with them where it might not be allowed, or they have to find a boarder, which is where we come in. We will be offering not only students, but also all members of the Bloomington community, the ability board their animals for extended periods for a fee. Some of the major sources of revenue to the Hoosier Pet Palace include pet grooming and boarding, breeding, and handling. On the other hand, the expenses are in the form of food for dogs, veterinary services, wages, electricity, interest on loan and others. Situational Review Hoosier Pet Palace is a unique entity, being the first to incorporate both pet care service and waste food recycling, Hoosier Pet Palace has a great potential for growth and limited competition in Bloomington, Indiana. There are two major pet care service providers in Bloomington: Canine Companions and The Dog House. Canine Companions was established in 1993 that distinguish themselves from others as “the only complete full-service one-stop pet care facility in the Bloomington area.” Not only do they provide daycare, they also provide boarding programs, medical treatments, training, exercise options, and grooming services. The Dog House, established in 2005, prides themselves as “Bloomington’s first and only cage-free boarding and doggy daycare facility.” Both of them have been in Bloomington for years and have established a customer base, which would compete directly with Hoosier Pet Palace. However, unlike Hoosier Pet Palace, they only provide caring services for dogs. Not only would Hoosier Pet Palace provide our service to owners of dogs, we would also provide our service to owners of cats, rabbits, birds, and more. Sources of Start-up Funding Hoosier Pet Palace needs approximately $185,000 for start-up and is in the process of going to banks and different loan agencies to borrow sufficient starting capital to acquire all necessary property, materials, and resources. We will be presenting our business plan to different loan agencies hoping for investment. We believe that our business will be successful because of the need that we will be satisfying. Our target market is in abundance in the Bloomington area, so we see a direct need to have an animal boarding facility available to them. Another reason we believe our business will be successful is because of the “green” initiative that we will be basing our company off. This will appeal to not only the students of the community but also the environmental friendly activists in the community. Strategy for Paying the Loan The bank loan is the largest expense the Hosier Pet Palace will incur throughout the first three years of operation. The business believes it will be successful in its activities and generate enough revenue to continue the business and pay the loan. This is justified by the fact that the target market is abundant in the area and there is need for an animal boarding facility. In addition, the college students have many pets that need services that will be offered by Hoosier Pet Palace. Operational Expenses during start-up Period Hoosier Pet Palace needs approximately $185,000 for starting up the business. This money will go into paying start-up expenses shown in the table below and acquiring the list of equipment for pet care. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Financial plan Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved de https://studentshare.org/finance-accounting/1492511-financial-plan
(Financial Plan Essay Example | Topics and Well Written Essays - 1250 Words)
“Financial Plan Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/finance-accounting/1492511-financial-plan.
  • Cited: 0 times
Comments (0)
Click to create a comment
Financial Plan
Preparing the projected financial statement, the researcher forecasted the sales estimation for the first two years and conducted competitive analysis and projected demand. The projected financial statements for The Track Table include income statement, cash flow and balance sheet for the next two operating years.
6 Pages(1500 words)Essay
Introduction to Accounting and Finance: Hair silk- financial plan and pitch
This would begin from April 1 2011 to March 31, 2011. It is very crucial for a starting business to be liquid to cover most of the expenses ;hence, all sales must be done on a cash basis only. The procedure for taking orders would be first come, first serve basis.
8 Pages(2000 words)Essay
Financial Plan
Hence our primary goals are first to expand to acquire a commercial building for business operations as well as develop and execute a strategically sound marketing campaign to increase the volume of clients received each month. Our company strives to do more than simply provide consumers with a service, it is our goal to educate people on how to better manage their income.
10 Pages(2500 words)Research Paper
Strategic financial plan for a non-government organisation (NGO) over the next 3 years
Its purpose is to enhance the health and welfare of a section of the most susceptible youth and children living in societies that are highly affected by poverty and HIV menace.. The organization has a target of seeing the society in question who feels endowed to cater for the needs of the children.
9 Pages(2250 words)Essay
PMS Financial Plan
Since the operation is on a monthly collection basis, it is assumed that the majority of the collections will be timely and in full.The following chart indicates our financial indicators for the first two years of operation. PMS foresees growth in both in customers who want their property to be managed as well as increase in the growth margin percentage.
4 Pages(1000 words)Essay
Financial Plan ABC Pharmaceuticals
The current product range of ABC comprises severe pain medication market segment. Given its major share in the pharmaceuticals industry and considering the potential for introducing differentiated pain control products, ABC Pharmaceuticals is considering the option to venture into moderate pain control medication market segment.
12 Pages(3000 words)Essay
Financial Plan
e base point, the following financial plan would be designed to address a pro-forma statement for the next year; the financial break-even point; the cost of goods sold (COGS); defining how these financial information would be used to craft the business strategy; key financial
2 Pages(500 words)Essay
Financial Plan JLK Pad
The work is about financial forecasting. It is aimed at showing the essence of the financial plan and its parts. It is exemplified with a model of the financial plan. Each part of the financial plan is discussed separately.
2 Pages(500 words)Essay
Personal Financial Plan - Part II
Apart from the role of economics in developing financial plans, the use of credit is also of prime importance. This paper describes the role of economics and credit in personal financial planning. Gitman, Joehnk, and Billingsley (2010) define Personal financial
1 Pages(250 words)Essay
Personal Financial Plan - Part IV
The purchase of real estate is also considered an investment. Investments have higher risk than savings. Return on investment is the amount of money you earn after a year on your investment. For instance if a common stock goes up from $100 to $112 at the end of
1 Pages(250 words)Essay
Let us find you another Essay on topic Financial plan for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us